Time Versus Money

The bus project has always been a balance of time and money. Today was a perfect example of this: we needed a certain drill bit to countersink the bolts for the roof deck. Lowe’s, two miles away, had a bit for $35ish. Woodcraft, about a half hour away, had a comparable bit for $12. I made the trip to Woodcraft. I’ve often made the decision to save the time.

Instead of spending lots of time trying to find used tools/components that will work for our needs, I’ve bought many new components. In some cases, this is common sense – we wanted a new mattress to sleep on, and a spotless fresh water tank. But much of what we use could be just fine used. It’s tough to find that balance.

This project has taken far longer than I had intended it to, and it’s starting to stretch the budget. I think if I had held out for some more second hand items, I would have saved a bit of cash, but it would have taken even longer. I’m not sure which is better, but I don’t yet regret my choice. It’s still a constant battle.

Quantifying Regret

$35,841.03

That’s the present day value of stock I sold to start a business earlier this year. That’s more than I made working full time all last year. I put in about $8,000, much of which was inheritance from my grandmother – we both enjoyed watching the markets. It recently became clear that this business is going nowhere, and my two other partners are giving up. It has been a very frustrating experience, and I’m not happy about it. I’m not used to regret, and I’m coping with it poorly.

I had saved up that money to renovate the bus, and justified the investment in the business as a long term investment in my future. I wound up taking out a loan to pay for bus renovations, which was still ok as long as things were moving forward with the business. With the business dead in the road, everything else has been revealed to me as a bad decision. I’m definitely coming away having learned something, but they feel like bitter and cynical lessons.

It’s a big mistake, and one that will be hard to recover from.
I guess it’s fortunate I was tightening my belt anyway.