#3286: Price Vs Cost

In today’s episode, I’m talking about the difference between price and cost—and no, they are not the same thing. A lot of people use those words like they mean the same, but they don’t. I’ll explain what each one really means and why it matters for you, whether you’re buying something or selling something. We’re all consumers, and we’re all salespeople too. Let’s get into it. Show Notes:  [02:08]#1  Price is a one time thing. [05:24]#2 Cost is lifetime, it's ongoing. [20:30]#3 To make better investments in life, consider cost more than you consider price.  [26:05]Recap Episodes Mentioned: 3261: The First 3 Laws Of Economics 2174: There Are No Perfect Scenarios – Only Trade-Offs Next Steps: --- 🎓 Work On Your Game University: http://www.WorkOnYourGameUniversity.com  📧 Get Dre’s Emails FREE:  http://WorkOnMyGame.com  🤖 Use The FREE “Dre GTP 1.0” ChatBot: Https://www.DreAllDay.com/AI  📲 Text Dre Baldwin: Text Dre at 1.305.384.6894 (or go to http://www.DreAllDay.com/Text) 🟢 Sponsor: AG1 by Athletic Greens: http://drinkAG1.com/WORKONYOURGAME  💦 Sponsor: AquaTru - $100 Off Any Purifying Filter Http://WorkOnYourGame.com/AT 🎧 Free Audiobooks:  The Third Day: http://www.ThirdDayBook.com/audible The Mirror Of Motivation: http://www.MirrorOfMotivation.com/audible 📚 The Free Books: The Third Day: http://ThirdDayBook.com  The Mirror Of Motivation: http://MirrorOfMotivation.com The Sales Discipline System: http://SalesDisciplineBook.com  The Overseas Basketball Blueprint: http://BallOverseas.com  Basketball: How To Play As Well As You Practice: http://HoopHandbook.com/Free  💵 Support:  CashApp: http://Cash.app/$DreBaldwin  Be sure to Subscribe to have each new episode sent directly to you daily! If you're enjoying Work On Your Game, please review the show and let us know!  Dre on social media: Instagram [http://instagram.com/DreBaldwin] TikTok [https://www.tiktok.com/@workonyourgame]  YouTube [http://youtube.com/dreupt] Twitter / X [http://X.com/DreAllDay] Facebook [http://Facebook.com/WorkOnYourGameUniversity] Facebook Business Group: https://www.facebook.com/groups/6figuresandgrowing/  All Episodes + FULL Work On Your Game Podcast archive at:  http://WorkOnYourGamePodcast.com