Basically you can charge poor people more money. For example a poor person can’t afford a large sack or rice so they buy smaller packets and pay more per kilogram. Same goes for everything from toilet paper to detergent.
I once heard Marc Cuban say the best investment an ordinary person can make is to buy things in bulk when they are on sale. Say you normally buy detergent one bottle at a time. If you catch it on sale at 20% off and then stock up for the year you are going to get a 20% return on your investment which you’ll never achieve in the stock market.
Made a lot of sense to me. I stocked up on butter when it was 4 dollars. I filled a couple of shelves in my freezer. I just got done with that batch and saved a ton of money.
Basically you can charge poor people more money. For example a poor person can’t afford a large sack or rice so they buy smaller packets and pay more per kilogram. Same goes for everything from toilet paper to detergent.
Ah I had thought it was something at a higher level, e.g. that when stock prices are low the rich can buy them up. Actually it’s probably many things.
I once heard Marc Cuban say the best investment an ordinary person can make is to buy things in bulk when they are on sale. Say you normally buy detergent one bottle at a time. If you catch it on sale at 20% off and then stock up for the year you are going to get a 20% return on your investment which you’ll never achieve in the stock market.
Made a lot of sense to me. I stocked up on butter when it was 4 dollars. I filled a couple of shelves in my freezer. I just got done with that batch and saved a ton of money.
We have 25kg of laundry detergent. My partner isn’t happy about it. 😅
@BaconWrappedEnigma @BalpeenHammer , it’ll come out in the wash.