Posts tagged ‘amazon’

Netflix, Starbucks, Amazon: the axis of time, money and space misuse

Netflix-Starbucks-Amazon : they waste your time, money and space!

Finance books and literature love to use Starbucks and their expensive lattes (I admit, I don’t know what they cost and had to do some digging) as the perfect metaphor for money we habitually waste instead of saving it for something more useful in the future. And while it is not the end of the world to enjoy your favourite drink occasionally, especially on those cold snowy days where nothing else seems to do the trick to get you going, the steep price can quickly add up!

And while Starbucks and their lattes are used as metaphors for careless spending, we have others in this axis of personal waste. Netflix (and a whole host of other online apps like Instagram and Tiktok) , are starting to be blended into their own category: time wasters. AKA binge watching! A lot of you have been there: you watch Netflix or YouTube (me!) and before you know it, a whole hour (or half a day?) has passed by. And what do we have to show for it? Almost nothing in terms of productivity or return on personal development.

But here is a new one! What about Amazon (or your favourite online retailer) now being the ultimate space (and money of course) waster? With majority of our online shopping (proudly doesn’t apply to me other than buying books on Kindle that take no space) now taking place via Amazon, chances are a lot of homes and bedrooms are full of junk from Amazon. Ok, junk may be extreme as some of the stuff people buy on Amazon is useful (books, household essentials, new camera etc) but there is certainly lots of useless stuff that just sits there and doesn’t get used much, eventually becoming junk and taking up space. And this is even more prominent for Amazon Prime members (one of which happens to be a family member) . A friend of mine who also happens to be a Prime member, tells me that not a week goes by without one or more packages arriving from Amazon. And he has been a Prime member for years and years. Tell me his house is not full of Amazon junk by now?

As I said, I am proud to be the user of virtually none of this axis of money/time/space black-hole. Sure, there are the extreme odd times when I will use these sparingly or under special situations. Compare that to someone who uses all three:

($CAD pricing)

-Average of 3 Lattes per week (tall size) + 2 food item = $20 per week, or around $1040 or more a year

-Netflix: $17.99 a month = $216 annually

-Prime membership: $110 annually
Average of 1 purchase a week at $20 = $1040 annually

>>Total adds up to just under $2500! And that is not even counting money actually spent buying stuff on Amazon which is easily in the high hundreds, or thousands for a lot of people.

To some, this may be justified as it allows them access to three of their favourite things in life. But as we talked about earlier, these are more than just bad for your finance, but can be just as bad if not worse for robbing you of much needed time and space. And as we know, both are worth money. Time is money. And so is space, especially in our ever shrinking homes and condos.

There is time for everything. And while you can enjoy all the above, I feel like with these becoming a daily verb in our society and lexicon, some people are losing sight of how much they are wasting in terms of money, time and space to these big corporations.