One of the most important concepts I learned in business school is that cash is king. I just didn’t realize how big of a king until earlier this week when Husband was calling around local gyms to find out how much it would be for a month-long membership. Now that I have graduated, our gym membership in campus has expired. We have another month until the big move and wanted to have a place to exercise.
He calls a place we spotted while driving back from Target one day.
“How much would it cost me to join your gym for a month?”
“$70 unless you pay in cash. Then it’s $40.”
$40 is nearly half of $70! (Well, 57.14% to be exact, but I understate for emphasis.) That’s a pretty incredible difference, don’t you think?