When Should I Spend Money on a Tool or Service?

AskPat 2.0: A Weekly Coaching Call on Online Business, Blogging, Marketing, and Lifestyle Design

Pat Flynn

Business Advice, Marketing, Podcasting, Getting Started, Business Strategy, Business, Small Business, Passive Income, Online Entrepreneurship

4.9 • 638 Ratings

🗓️ 19 October 2017

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Russ has a question about starting his online business. He tends to find a lot of free or open-source tools, rather than spending money where he doesn’t have to. At what point is it best to spend money on a tool, rather than finding a cost-free solution? Russ' site is http://russkahle.com. Do you have a question about starting an online business? Record it at http://www.askpat.com/. Today’s sponsor is FreshBooks. Go to http://www.freshbooks.com/askpat and enter “Ask Pat” in the “How Did You Hear About Us?” section for more information. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	AskPath.
0:04.6	AskPath.com
0:06.2	Dot com.
0:10.4	Hey, what's up, everybody?
0:11.5	Patlin here and welcome to episode 978 of Ask Pat.
0:14.9	Thank you so much for joining me today.
0:16.4	As always, I'm here to help you by answering your online business questions five days a week.
0:20.0	We have a question coming in today from Russ.
0:21.7	All right.
0:22.0	Now here's today's question coming in from Russ.
0:24.9	Hey, Pat, this is Russ from Russ K-A-H-L-E.com.
0:29.9	And I focus on helping new teachers in a classroom and education topics and kind of things
0:36.4	with what's changing in education field and what's out there.
0:40.9	I'm excited to be helping you on your product lunch coming up here soon,
0:46.0	your physical product on smart passive income.
0:49.2	So thanks for the opportunity to let me help you out and then you're helping me out,
0:56.3	kind of getting going on, writing a book.
1:04.6	So my question is, I prefer to not spend money where I don't need to.
1:11.7	So I have done a lot of stuff, and maybe that's the teacher mentality that I have or the frugal mentality that I just have with my wife and I and our kids.
1:15.2	But we, I tend to do a lot of stuff or try and find free tools or open source tools
1:21.9	or make tools work through various loopholes or trying and getting things to align just right or this service
1:30.9	does, you know, part of it and then this other service does the rest. So at what point is it
	...

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