I’ve been searching high and low for inflation-fighting tips, and the best thing I’ve found is the Costco $1.50 hot dog combo. Introduced in 1985, Costco’s famous steal of a meal has held steady at $1.50 through multiple governments, market crashes, international crises, and Macaulay Culkin turning 40. I guess a solid way to beat inflation is to eat at Costco five times a week. Maybe. 🙂
Let’s do this!
Today’s newsletter is 384 words, 2 minutes.
10 money things worth sharing this week
1. One of my fav business-type quotes of all time is from Costco co-founder Jim Sinegal. When then CEO Craig Jelenic asked to raise the price of the hot dog combo, Sinegal replied:
“If you raise [the price of] the effing hot dog, I will kill you… Figure it out.”
➡️ That’s the power of a loss leader. The threat of imminent death seems powerful too.