Based on preliminary data from Food Per Dollar 2020, I have been asked to urgently provide recipes on how to eat for $1.50/day.
The recipes are below, but I will begin with the rationale. As a note, our Eating for 3$/day Cookbook can be found here. These are more similar to common cooking and often require less prep, and have more meats.
These recipes will be based on Potatoes, Milk, Flour, Eggs, and Kale. (Honorable mention to Pinto Beans and Carrots)
Using our Nutrient Per Dollar study, USDA recommendations, and linear algebra we solved for the lowest cost foods that hit all nutritional requirements. If you are allergic, keto, picky, or vegan, I can calculate a specialized list for you. Please contact me at email@example.com
Note- Some recipes have additional foods (IE- oils, sugars, spices) that can be added for flavor. It may be best to consider spending 1-2$/week on ‘flavor’.
This recipe is for 2 people, but we double it for leftovers.
For the roux, add the Roux ingredients to a pan and cook over low-medium heat for ~5 minutes, stirring often. Don’t let it burn, it’s easy to do. Add the rest of the soup ingredients to the pan, heat until boiling and cook for ~20 minutes stirring occasionally.
These are so good, you will forget these are part of the $1.50/day budget. They taste luxury.
Makes 4 Crepes. Recommended flavors- Peanut Butter and Jelly(my favorite), Chocolate(melt kisses in the microwave), Nutella(so expensive, chocolate is cheaper).
Mix well, stand mixers help. Other people say to let it sit 30+ minutes, but its not necessary.
Turn a medium size pan on low heat, when its warm, add 1/4 of the mixture, approx the size of a ladle. Rotate the pan to coat the bottom of the pan. After ~2 minutes it should look cooked. Using a spatula, lift the sides of the crepe before flipping. Flip and let it cook for less than 1 minute, all done. Stuff and fold.
Avoid crisping(unless you like that) on higher temps. Your second crepe will look professional.
Pick your flavor options, salt and oil is basically free-
(protip- stand mixer and noodle maker makes it easy and delicious)
Ingredients, 2 servings-
In a pot-
In a mixing bowl-
Mix eggs, salt, milk, and flour until fully combined. It should be sticky enough to combine into one lump. If its runny, add additional flour.
Lightly flour a cutting board, place the lump on the board and begin flattening the lump into a thin surface. Most people like thin noodles, so its recommended to use a rolling pin, adding flour as needed. At this point either use a noodle maker, or cut into thin strips. When all the noodles have been cut, put into boiling water for ~2 minutes. Keep an eye on the timer, after 2 minutes, remove from heat. Serve.
Pretty basic, but since Efficiency Is Everything, I’ll provide the laziest way. Serves 4-6 people.
You could skin the potatoes, I don’t.
Boil the potatoes. You can use a slow cooker or hit boiling water for ~30 minutes. Poke a fork through to see if its soft. (You could cut them if you needed it faster)
Put this into a mixing bowl, add milk, add salt and begin mashing. We use an immersion blender, but any mashing will work.
Serve! If it doesnt taste good, add more salt and add pepper.
Use some of that mashed potatoes and stuff them into this dumpling.
Start water and get to a boil.
Mix dough ingredients in a mixer. Flour a cutting board and rolling pin. Roll out the dough flat as possible. For ease, it may be best to break it up into a few balls before rolling out. Once flat, use a small bowl to cut circles. We used a Tupperware container.
Fill with mashed potatoes. Close Pierogi, use a fork to seal shut.
When ready, put Pierogis into boiling water for ~3 minutes. Get a different pan hot with oil (medium to high heat). Take boiled pierogis out of the boiling water and into the pan. Brown 1-2 minutes on each side.
This one takes some labor, I recommend putting on a podcast/audiobook and making them in bulk. Freezing for later.
Boil and mash potatoes. Add flour, eggs, pepper, and salt and mix together. We used a stand mixer.
Flour a cutting board, and flour your palms of your hand. Put a small lump of the potato/flour mixture on the cutting board, and roll this until you get a ~1cm diameter(tootsie roll size) log. Take a knife a cut every inch. After cutting, roll these into gnocchi shapes. You could use a fork, but they are going to taste pretty similar either way. Now you are ready to either freeze on a baking sheet, or throw into boiling water for ~2 minutes. They will float to the surface of the water when ready.
Serve with spaghetti sauce for best results. See page 49 of the free (eating for 3$/day) Efficiency is Everything Cookbook.
If you freeze, after an hour, take off the pan and put into tupperware or a freezer bag.
This is basically eating eggs, but with flavor. Makes 4 cups of soup.
Get water/chicken broth boiling. Add soy sauce and sesame oil.
Whisk eggs in a separate container. When the water is boiling, add the whisked eggs slowly. After a minute the eggs will be cooked and the soup is ready to eat!
This has the benefit of not needing yeast. Although pretty much any bread you make will be Efficient.
Mix ingredients, we like using a stand mixer.
Start a pan on low-medium heat. Add enough of the dough mix to coat the pan. The more you add, the longer the cooking time. This usually makes 2-4 flat breads deepening on the size of the pan. After ~2 minutes, you can flip.
You can google other bread recipes, we got a bread maker from the thrift shop for 6$ and have been making loafs of bread since.
Kale is really hard to eat raw, but cooking it with salt and oil makes it as good as McDonald’s Fries.
Tear kale off the stem, put in a pan on medium heat, add a little bit of water (~2 Tablespoons) and cover with a lid. Let cook for 3 minutes.
Once done, take off the lid, add some oil and salt. Cook for another 1 minute and serve.
Since eating for $1.50/day, we found you can substitute chicken out for potatoes surprisingly well. The texture is similar enough.
Pie Crust(this was too crumbly, currently trying alternatives, its efficient, but feel free to try something else)-
Make a roux, add the Roux ingredients to a pan and cook over low-medium heat for ~5 minutes, stirring often. Don’t let it burn, it’s easy to do.
Add the rest of the filling ingredients to the pan, cook until potatoes are soft. If you are looking for some pro advice, Dr. Mandy Kirk says to add the potatoes 5 minutes ahead of the vegetables. Once the liquid starts to thicken, you are ready to fill the pie. More protips- Feel free to add more liquid, milk or water, if the filling is starting to look dry.
For the pie crust, mix ingredients, flour a cutting board and rolling pin. Roll out flat. Do your best to cut the shape of the pie pan. Place dough in the pie pan. Add filling. Using the rest of the dough, roll out as before, cut the shape of the top of the pie pan. Place on top as best as you can.
It doesn’t need to be perfect, it will taste great either way. I added extra salt and fresh grounded pepper upon serving.
This is like Salmon Patties, but with eggs. Thank my Italian Mother. My wife was shocked at how tasty this was.
Suppose you make bread, but don’t like the crust. Let it get stale, and shred into breadcrumbs using a food processor.
Whisk eggs, then add breadcrumbs. Mix together and let sit for 1-2 minutes.
Get a pan to low-medium heat, add a small amount of oil. Pour 2 patties. Let cook for 2-4 minutes and flip. Goal is to get the patty golden brown. Once both sides are golden brown, you are ready to eat.
Here I’m going to list some foods that are either simple breakfast combos or foods I don’t like. I recommend googling and sticking to Eggs, Potatoes, Flour, Milk, and Kale if possible. Oil is pretty cheap, I don’t feel to bad about adding it.
Wish you the best during these unprecedented times. The study will be released at a later date, showing where we got these main ingredients from. This situation is too urgent to delay any longer.
If you found this useful, share with your friends.
I expect this article to change your life. Enjoy-
There are two sections, theoretical “By The Book”, where you will hear the most optimal situations you can hope to achieve. These are good to know, so you can think about them when doing laundry. There are lots of good ideas in there.
Finally, we will go into real world tips to get closer to optimal, so you can save time and effort right away.
This study was funded by Elizabeth P. Thank her for donating to study Efficient Laundry!
Ergonomics is a hybrid of human health and engineering. This combines the mathematical and logic rigor of engineering to studies in humans. This data comes out as measurements, estimations, and best practice.
One book suggested human attention is limited to ~30 minutes on a routine job. No reason to feel bad about getting bored of household tasks, you are only human.
Room Temperatures above 79 degrees are bad.
Work quickly, being motivated is proven to make you work quicker. Literally, thinking, can make you more Efficient. Rally! Don’t be weak!
Making a decision is fatiguing. Regardless if its trivial, the mind needs to see, understand, think, and convert into an output. It should be noted that after basic skills are obtained, people get better at speed.
Since these tasks require decisions, both in muscle control and mind, proficiency will happen with time.
A 5th percentile female can reach approx 2 feet, and this can be extended an additional 9 inches when standing.
Bending over is not desired. A rolling cart may help elevate baskets off the floor and ease transportation.
Motion is not desired, if you can grab multiple items per bend, you will save time and effort.
Another reminder, Motion is not desired, items that need to be put far away can be tossed aside. Hang up all necessary items, once.
Pulling motions are best done between 120 and 180 degrees, with best performance at 150 degrees. while pulling >120 degrees. This means its easier to pick items up below you, and put away higher.
However, any sort of grabbing without bending over or reaching is encouraged.
Use a power grip! Instead of using fingers, use your fist to pick up.
Discomfort will cause inefficiency, even a 5cm/2in too high counter can cause shoulder pain.
Static, holding still, restricts blood flow and requires longer rest periods. Dynamic movement allows blood to circulate during relaxation.
To reach further, bend your hip(8.2in/20cm) and rotate(1.8in/4.5cm) and extend shoulder(4in/10cm). Those are your 3 ways to extend.
For long tasks, if you can adjust between sitting and standing, this is preferred. Equipment exists to change the height level.
Sitting is better for blood flow.
Try not to hold the same position for more than 15 seconds, that is when lactic acid begins to build up.
Avoid moving/transportation to put something away.
Stress can be good, according to one book, a 10 is very stressful, a 3-5 stress is beneficial. 1 stress was bad.
The arrangement of your workplace(dimensions, relative locations, etc…), makes a major contribution to how a task is handled.
What are the accuracy requirements? Do things need to be folded/unwrinkeled? Could you change this to be happier doing laundry? Or make more challenging?
Is there flow? Work-rest cycles may be beneficial and for extended tasks, having start-stop times.
Environment- Temperature, family/pets, surroundings.
One book had root causes of boredom, here is a take on how to make tasks less boring.
Short cycle times may be boring. Is there an opportunity for process flow?
A task with few opportunities for body movement gets boring, its okay to stretch/exercise muscles.
Warm temperatures, could cooler temps get you motivated.
No coworkers. Does this mean we should be doing laundry with family?
People with high abilities and eager to excel find boredom, so next time you do laundry, try to be more Efficient. This is your new challenge, let us know if you find any discoveries.
Dim work environment causes boredom. Changing color RGB light strips are a solution to boredom, or maybe the book intended to use brighter white light.
Here are applicable to everyone efficiency tips.
The goal here, limit motion like digging around and extended searching. Like Quicksort, your visible items are your ‘sorting set’, and items you cannot see are not sorted. All while picking up many items reduces the number of times you bend/turn to get clothes.
Hanging up clothes may be better separated into a different task. This is highly dependent on if you are sorting clothes near your closet and are near hangers.
This asks the question, if laundry was done at the individual level rather than family level, would it be quicker due to less sorting?
Limit Transportation. Do your work within range if possible. Consider Swapping the contents of drawers to make sorting possible without taking steps.
According to one book, locations of items should have priority- Most important items in front, then items by sequence(multi step items), then items by similarity, then frequency.
Turn Less, consider that turning your body is motion, if doing laundry on the bed causes you to turn significantly, consider sorting in a different location.
Note: this equipment suggestion is best practice, it serves to give you an idea what an Ergonomic Laundry Basket would be. Elevated, with wheels.
If you are interested, these are called Laundry Carts.
Even better, some laundry carts have false/auto adjusting bottoms to elevate laundry to make it easier to reach. Push laundry carts instead of pulling. Although changing muscle groups has economic advantages as well.
Get excited about doing laundry, like you never have before. I was shocked at how fast Quicksort had me putting away clothes.
With 5 ergonomics books under my belt, I expect more household tasks to get optimized, and laundry to be further studied with MODAPTS, which are used to code task time like reaching and grabbing. They use this in Sweat Shop Sewing.
If we can reach 5,000 dollars, we are currently at 800 dollars, I will match and we can finance 2 interns to work 12 hours a week for 28 weeks completing studies that will help everyone.
The goal is to raise 5000 dollars to create more studies on Industrial Engineering Life.
If this is your first email, here is our $6, 2 minute, slow-cooker recipe that feeds 5 people, promised originally. Apparently email automation was not working.
Also, announcing that we will be emailing significantly less going forward. Each email will have multiple full Engineering studies.
We released a massive store to store comparison, and the biggest conclusion was finding the clear and overwhelming benefit to online over brick and mortar. And Dr. Mandy Kirk, Mrs. Efficiency insists I mention this is the Baby Items Per Dollar article.
In addition donations put Engineering Intern Josh to work. He has been collecting prices, nutrition, and more for-
We have funds to apply Industrial Engineering to Laundry. Ergonomic Laundry is being researched and looks to be promising.
And Cat owners- Dog owners have their own Efficiency Is Everything Article. Buy Intern hours to study your own pet food article.
Next Update Q2: Calories Per Dollar 2019 and Efficient Laundry.
And: We are getting about 1500 views/day. The day has come. Servers are costing multiple hundreds of dollars. Emailing You has now amounted to cost a few hundred dollars a year.
This is a warning ahead of time that if I make a special edition, half political fueled, 100% efficient-
The Food We Ate When I Lost My Job Due To Trump Tariffs Cookbook
It will be to fund the servers.
It will be special edition and limited time because I don’t like the idea of charging money to use Efficiency Is Everything. This would purely be to raise server funds and would definitely have a rant in favor of Free Markets and not Tariffs.
We ate cheap. There is even a section called- On Friday We Had Butter.
Expect the limited release to be out next update.
If you like Efficiency Is Everything and want to see us grow, support us by sharing with your friends or funding a study with Donations.
We received a donation of 350$ of intern hours, and per request, we have an interesting discovery that may save you money regardless if you have a dog.
Unsure what dog food data was going to be available, we completed 1 store with full data. Upon seeing consistencies between brands, we narrowed our data set.
Our goal shifted to find best brands and best places to purchase. The decision was made to focus on quantity. Over 200 Items were collected from 4 stores.
To maximize usefulness, we will focus on Your Application, however, the data can be found here and through the article.
A greater takeaway is that, as Efficiency Is Everything collects more data, we are finding consistent store vs store winners. There are lessons to be learned here.
Walmart comes out on top again for prices. While you will need to look for quality, Walmart has the best prices. The great question will be getting the quality metrics You want at Walmart.
Our data suggests- No, Walmart does not have the best prices. We demonstrate this by using Categories and Protein Per Dollar.
If you want Corn, Walmart seems to be the best place to buy it.
Here are the Top Calorie Per Dollar Items.
Outside of Walmart Corn, we found the Online store Chewy was better than the competition.
This is important because it gives us a second data point showing the benefits of Online shopping.
As a note, In Baby Items Per Dollar, we found Amazon was just behind Walmart. Walmart Online was cheaper than Walmart(store).
Bad News- Mom and Pop stores can be expensive. They can cost 10x or more than online alternatives.
What role do these stores serve in a consumers life?
Is your goal feeding your dog cheap? Is your goal low cost cheap protein? Is your goal most pure protein? Our data lets you decide your qualities.
Buy at Chewy, don’t buy at Walmart. Always above 200g Protein Per Dollar.
Buy at Chewy or Costco, not Walmart. Unless you want heavy calories from corn aim for 200-400g Protein Per Dollar
Petco and chewy are side by side depending on your needs.
The data shows Chewy and Petco crush Walmart with leaner proteins.
Without going into the other meat categories here, it was discovered outside of cheap corn, Walmart was a loser for particular types of meat proteins.
While this data finds the outliers, its good to know the relative value. Getting 200-400g Protein Per Dollar is relatively a good deal.
While our data found the best values, if you are shopping on your own, make sure you are not overpaying. Failure is the difference of a scale of 10.
Costco vs Everybody
Whenever you can get something cheaper outside Costco’s exclusive membership, it makes me question this membership.
Costco did not beat Chewy.
The data attached is very raw. While we put effort into cleaning the data, some vitamin values are unrecoverable. However, I wanted to provide the data we did have, as it still shows interesting conclusions on nutrition in each package.
In the future, when repeated, this study will take lengths to ensure completeness. This is our first attempt at studying Dog Food.
Here is the raw data-
We have a major Store to Store comparison, Amazon vs Target vs Target Online vs Walmart vs Walmart Online (vs Buy Buy Baby). Comparing Brick and Mortar vs Online and Store vs Store. This changed our shopping habits.
We have raised $645 to be spent on Interns. Intern Josh has spent only $135 of this on his Dates Per Dollar study. He is backlogged, which is a good problem. Excited to see how his next upcoming studies will turn out. Thank you to everyone who has donated and everyone who is sharing with their friends.
There will be periodic downtime week of 1-7-19 to 1-14-19 to upgrade the website to run faster.
Do not get hung up on ‘baby’.
What started as a baby registry optimization evolved into a store to store comparison when we found huge difference in prices.
This article is a Store vs Store, Brick and Mortar vs Online comparison. There is a lowest cost way to purchase items, and we wanted the data to prove it.
There are not many ‘baby’ specific tips in this article, but here is one baby oddity- Colors, Boy colors, Girl colors, and neutral colors changed the price and availability.
The goal was to make an overall shopping decision and pick 2 stores to shop and register at. This is a commitment, having more than 2 stores is overwhelming and difficult.
Each store had to have an item that meet all consumer quality metrics, from Dr. Mandy Kirk. Metrics were reasonable, and often only 1 name brand had the quality. Lowest price, or the equal product were captured for each store. Quality was considered and noted.
If a store did not have a product that meet the criteria, they were noted False, not having the item.
The Data is at the end of the article, but its important to know who comes out on top. Online stores are cheaper and have better selection than brick and mortar stores.
Does this mean shopping at brick and mortar is an expensive luxury?
Further, upon request, we added a blanket 20% off on Buy Buy Baby, this did not change its Rank in any item. Meaning Buy Buy Baby is always at least 20% more expensive than all of its competitors.
Is it safe to say Target and Buy Buy Baby are ‘Never Buy’?
Online had a significantly better selection, especially Amazon.
11 items cold not be found at Walmart in Store. If you included Walmart online, only 1 item could not be found online.
Target had 7 items unable to be found, and 2 unable to be found online.
Amazon and Buy Buy Baby had all items.
If you were trying to buy one of these items, it would be best to buy from these stores.
Lesson: At Target, there is 1 item in store that was lower cost than anywhere else. This is the exception that proves ‘doing your homework’ and researching gives you the best price.
Walmart (online), undeniably the best-
Amazon, not a long list, but they still scored 2nd best overall.
There are no items to buy at Buy Buy Baby.
Now that we narrowed our selection down to Walmart and Amazon, we will pick the best products. Items will be revisited to ensure the items meet quality metrics at the lowest price.
There may be use outside consumer applications of this data. New products? Implications of Brick and Mortar’s future? Is there something telling about the future of consumer retail? Are there other overly expensive stores like Buy Buy Baby out there?
The data is massive.
You will see how retailers like Walmart are pushing the weight on low prices- sometimes. Walmart in-store seemed to be marked up vs online.
Otherwise enjoy the picture-
*False means the store did not have a comparable item.
If you have made this this far, you might care to see how the different grocers stacked up
We have our first donation sponsored article- Dates Per Dollar + Additional quality metrics. This will be both beneficial to Singles and Couples.
Other News- I am a casualty of Tariffs and a General Motors sacrifice.
Next Article- Baby Shower Registry Per Dollar- Comparing Bye Bye Baby, Amazon, Walmart Online, Walmart, Target Online, Target, and Thrift Stores. I expect this to be telling about Brick and Mortar vs Online, and Store vs Store.
We have received a $350 donation from Greg Kopanski, who changed our January plans with his support! He also has incredible time saving tips that I’m looking forward to sharing soon.
In addition to the metric Minutes of Date Per Dollar, we included Privacy, Creativity, and Classy quality metrics(Boolean, because if it isn’t math driven, its not engineering).
This is our first 100% donation sponsored article, using the first $135 donated by Efficiency Is Everything Users. As a note, I offered our Intern Josh $180, 12 hours of work, but he completed it in 9. Honest and Efficient. If you want to see more studies, consider supporting Josh and our study of Life Industrial Engineering.
Living in Metro Detroit for 28 years, hearing news about a down economy means 1 thing- Layoffs. As much as I blame Tariffs for being bad capitalism, I also made the decision to stay Contract instead of taking a direct position at GM. Opting to accept a higher paying job, and accepting to be part of GM’s ‘Flexible workforce’.
Next steps- As mentioned, I have prepared and in January, I have accepted an Electrical Engineering job at Nissan. Bonus- it pays better too.
However, this means I am off work, for approximately 1 month. If you have an interest in having me complete freelance work, I consider myself proficient in-
Our Intern Josh has collected data to find the best dates, given various quality metrics and cost.
This data uses specific pricing, and has gas costs calculated using a common location. While the description on this website is generic(Coffee Date), the detailed description(Atomic Coffee Royal Oak, 2 Cinnamon Dolce Latte) can be found in our raw data – Click Here.
Classy, Creative, and Public were subjectively decided on a scale from 0-10, and based on that given a True/False value. This is considered Boolean, as it has only 2 possible values.
Given how specific this data is, but how varied prices and distances to locations in your own life, the data should be compared on a scale. For instance, 100-400 Minutes Per Dollar are similar. 7-10 Minutes Per Dollar are similar. There is a drastic difference between 5 Minutes Per Dollar and 20 Minutes Per Dollar. This is mentally doing Logarithms with the data.
Note: Clicking the Column names will sort, and if you click in a specific order, IE: Minutes Per Dollar, then Creative, you can see a comparison of qualities without opening the raw data.
|Date||Cost||Minutes Spent||Minutes of Date Per Dollar||Classy||Creative||Public|
|Cooking Date Night||$10.00||180||18.0||FALSE||TRUE||FALSE|
|Long Distance travel with 2 night hotel||$282.50||2880||10.2||TRUE||TRUE||FALSE|
|72 Mile Roadtrip||$21.75||120||5.5||TRUE||TRUE||FALSE|
|Fair/Festival all day(Drink,booth,etc)||$82.00||360||4.4||TRUE||TRUE||TRUE|
|Picnic with drinks||$15.30||60||3.9||TRUE||TRUE||FALSE|
|Fair/Festival with 2 drinks each||$53.00||180||3.4||TRUE||TRUE||TRUE|
|Movie at Emagine with 2 Beers||$47.50||140||2.9||TRUE||FALSE||TRUE|
|Normal movie at Emagine||$44.50||130||2.9||FALSE||FALSE||TRUE|
|Low Cost Movie||$45.00||130||2.9||FALSE||FALSE||TRUE|
|Ice cream/ frozen yogurt||$12.00||30||2.5||FALSE||FALSE||TRUE|
|Pro Sporting event with pregame||$201.00||300||1.5||TRUE||TRUE||TRUE|
|Pro Sporting event||$161.00||240||1.5||TRUE||TRUE||TRUE|
|Dinner at Chilis||$47.70||60||1.3||FALSE||FALSE||TRUE|
|Dinner at Red Lobster||$55.20||60||1.1||TRUE||FALSE||TRUE|
|International Concert with drinks||$338.00||360||1.1||TRUE||TRUE||TRUE|
|Dinner at Capital Grille||$94.50||60||0.6||TRUE||FALSE||TRUE|
|Dinner at Melting Pot||$121.14||60||0.5||TRUE||TRUE||TRUE|
Parks, beaches, trails, and outdoor activities are the lowest cost Dates. The cost comes from gas money, parking, and cost for entry. These are top results because they are low cost and have the potential to provide hours of entertainment.
On a similar note, public locations like the Mall and Local Festivals can also be a good value, as long as your spending doesn’t get out of control. These have the benefit of being potentially multi hour activities despite being more expensive than free locations.
Comparing these low cost options, to getting Ice Cream or Coffee, these have similar costs as a low cost trip to the mall, but last under an hour. This is the benefit of comparing items Minutes Per Dollar rather than cost alone.
More expensive activities include visiting Museums and Art Institutes, but are a better value than visiting a restaurant.
Looking at the best values and including non traditional dates(Creative) and non embarrassing dates(Classy) give some fantastic recommendations-
It may be helpful to know your Partner, and how to make these experiences memorable.
Public dates are something that is either desired or can put a dampen on your romance. A first blind date likely will be at a public location, while by the end of the night, you may want to be alone.
Most dates are in public locations where people do business, making low cost first dates plentiful in options.
Finding privacy can be more difficult. Dates that involve traveling give you the option to find uninhabited areas.
It seems the ‘wholesome’ date ideas like Hiking and Visiting Museums are a better value than ones that involve quick indulging like eating/drinking.
These are perceived Creative and Classy, give you plenty of time to spend together, and are affordable on seemingly every budget.
If you are struggling to get a first date, check out low effort ways to improve your appearance.
Some topics are far to critical to Life to remain untouched. Your allocation of resources and assets is a choice that changes your life whether you like it or not.
The goal is to compare various opportunities for Future Value so you can make a decision based on your current life conditions and goals.
This is the fancy way of saying ‘United States Dollar’ in the US. This is your combined bank account, wallet, safe, under your bed, etc.. value of USD. This is a special number because the government has the ability to print money, and has historically devalued currency through ‘inflation’.
The US government claims ~2% inflation, others report 4% yearly inflation.
Your goal with excess Cash on Hand is to allocate it outside of USD to beat 2% inflation.
The goal is to beat 2%/year inflation. But you also have other Qualities- Risk and Liquidity(ease of selling)
A US Treasury Bond returns at 2%/year and would be ‘cost neutral’. Which explains its worldwide popularity. Its safe, it makes money, and it can be liquid.
Hoarding USD is popular, but runs risk of inflation.
Real Estate is popular, but isn’t liquid. Warning, real estate is also work, consider real estate a part time job rather than a passive investment.
Student Loans, Mortgages, Credit Cards. That % interest per year, is your new number to beat. A 4% mortgage means that any investment, should return more than this.
To convert Cash on Hand into a debt payment and make a positive impact on your interest payment, you must refinance. Paying more money each month, makes little to no difference as your loan is the same size. More payments means saving thousands of dollars, rather than refinancing for tens/hundreds of thousands of dollars.
Its best to wait until rates are favorable to refinance.
Loans often have an amortization where the first payments are 75% interest/25% principle, and at 15 years in 50/50, and year 29 its 75% principle/25% interest. Refinancing resets this clock, and you do lose a few thousands dollars. We calculated if this is significant and if there was an optimal time.
Note, this is a ~400,000 dollar mortgage:
If 15 years are spent before refinancing and the amortization never works in our favor, we spend over 50,000 USD on amortization. At worst case its about 6% of your mortgage, totaling likely tens of thousands of dollars.
However, after refinancing, you will have saved likely hundreds of thousands of dollars on your mortgage and interest, about 20% of your mortgage.
When refinancing(20%+) you will eliminate tens or hundreds of thousands of dollars in future interest payments.
This is why saving up for a large debt payment is a safe way to ‘earn 4% interest’.
Re: Tax Write offs- There is a myth that spending more money on interest can save money on taxes. Your taxes will be slightly lower, but you will have spent more money on interest. Its wrong to spend, to spend for taxes.
Abundance is a strange thing. People of all types are throwing money in investment apps.
As we try to increase our assets, we can try to beat our debt interest or exceed new highs.
Long term, safe, market investing can expect 7-30% yearly returns, or 30% yearly lows. This needs to beat our 4%/yr mortgage interest. Buying on a bad year can be disappointing and worse performing than USD.
Pick your favorite assets that you believe will perform better than USD. It is a good idea to have at least some diversification.
Maxing out your 401k/IRA is a good start. Diversify. Use your experience/knowledge to make niche investment decisions. Gold/Bitcoin. Diversify. SPY. Unicorn Projects. Your own project. Diversify.
The goal is to keep Cash on Hand low, and assets invested either passively or actively. You have millions of future dollars at stake. (But don’t stress, you do the best you can).
Re Gambling: The word Gambling was a misnomer for the unpredictability of investments. Actual gambling? No way, that’s bad math.
You have Cash on Hand that loses value at 2% a year. Beat this.
Treasury Bonds are safe and liquid return 2% a year.
Debt often costs more then 4% a year, whatever your highest debt interest is your new number to beat. Beat this.
Investing comes in many shades from long term index funds vs gambling. This is the risky way to earn money.
Given the current economy, we are choosing to save up to refinance. 4% isn’t bad when everything else is sinking.
This decision comes from many inputs, including political climate, like it or not. Your experiences should make an impact on your decisions.
Wish you the best on your asset allocations,
Excuse us for last week, rather, excuse Amazon. An AWS email problem caused Efficiency Is Everything to be flagged and blocked. We apologized and lets see how it goes this week.
In the future, expect less articles, but better.
And GM announced getting rid of 15% of their contractors. So…
$/hr does not include vacation, health insurance, work culture, and job security. Putting numbers to everything.
Rational Decision Making- Choosing Your Next Job With Math – Click Here
Being close to this GM news, Cost Freeze is in Effect.
This Fortune 500 tool is excellent to put a fast halt on extra spending, find waste, and allocate money to the best sources of value.
The most useful studies are data heavy. Here is the plan for 2018-
Expect at least 1 major Engineering study by the end of 2018. Mrs. Efficiency wants to share another life changing tip one of these days. Future uncertain… Finance app?
We urge you to give feedback via email, share with your friends, donate, or do your own Life Engineering study. Efficiency Is Everything runs at a loss so we can provide Consumer data to everyone.