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What's It Worth?: Should I Buy It?

The document discusses factors to consider when making purchases such as value, price, and context of the item. It also considers perspectives around existing possessions like whether to keep or sell them. The final sections raise questions about how much someone would pay for food if they knew it contained no meat or was put in a different context.

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KaheendaRwiiko
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22 views

What's It Worth?: Should I Buy It?

The document discusses factors to consider when making purchases such as value, price, and context of the item. It also considers perspectives around existing possessions like whether to keep or sell them. The final sections raise questions about how much someone would pay for food if they knew it contained no meat or was put in a different context.

Uploaded by

KaheendaRwiiko
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Should I buy it?

What’s it worth?
Should I sell it?
How much would you pay for these items?

Something
from inside
this store

How about
this burger?
How much would you pay for these items?
What if you learned
that this burger had
no meat?

Or what if this burger


were put into better
perspective?
• Basically, as defined by the Internal
Revenue Services (IRS), Passive Income
is income from "trade or business
activities in which you do not materially
participate.“
• Some forms of passive income include
rent, ad royalties, and most recently...

• You’ve heard the phrase “let your


money work for you”, right?
• Stuff your cash in the mattress
• Put your money in the bank
• Invest your money in the stock
or bond market, or delve into
commodities, and/or foreign There’s pros and cons to
currency all of these, but in terms
of passive income, some
• Buy real estate have the potential to
generate a lot more than
• Buy a business others
Ok! I bought it! Now what?
• If you want to buy a house, you might want to
know what others are paying for substantially
the same house in a similar area.
If Positive, then
+ Revenue Earnings= NET
PROFIT

Remainder =
Earnings

If Negative,
then Earnings=
NET LOSS
A
- Operating simplified
look at a
- Taxes
Costs business

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