Tuesday, January 1, 2019

A Summary of Just-In-Time Inventory and applying it to Personal Assets in your house

 
https://www.investopedia.com/terms/j/jit.asp

To summarise the disadvantages of not being Lean
(this is in terms of accumulating stuff inside your house) include:

  •    Cost of Storage Space
  •    Natural Depreciation
  •    Physical Items can all get Damaged / Lost / or Stolen ~ or equivalently there is an Insurance Cost
  •    Opportunity Cost of Cash


Whilst this might discourage hoarding we all still need to purchase physical items for our use and our enjoyment!

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Jewellery and Wine might not be great investments but you enjoy the Jewellery, Wine etc ... no need to be so boring all the time and perpetually thinking about your bottom dollar!

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