Why an $18 Burger Could Actually End Up Costing You $199

Certified financial planner Jeff Rose explains how hidden costs can pile up if you're not careful.

Free Book Preview Entrepreneur Kids: Launch Your Own Business

Submit your email to get a sneak peek of some of the fun, educational worksheets included in our NEW book for the little entrepreneur in your life.
Certified Financial Planner, Author and Blogger
1 min read
Opinions expressed by Entrepreneur contributors are their own.

In this video, certfied financial planner Jeff Rose breaks down a financial story he recently read about the practice of buying a $9 cheeseburger but, due to service fees, taxes and delivery costs, the final tally was actually double that. While Rose says it's okay to splurge occasionally, it's dangerous to do this over and over again. If you do that 10 times, for example, you could be spending $90 on delivery fees.

That money could be invested into stocks or other good investments that actually put more money in your pocket. Rose points out that if you had spent $18 on a partial share of Tesla stock on January 1, 2019, it could be worth more than $200 today. 

In all likelihood, not all of your investments are going to pay such incredible dividends, but allocating your resources into things that make you more money is never a bad idea. 

Related: One of the Best Investments You Can Make

More from Entrepreneur
Entrepreneur Select: A Fund For Entrepreneurs, By Entrepreneurs

Entrepreneurs require more than just money, which is why we aim to empower you, as well as act as a catalyst for value creation.

Entrepreneur Insider members enjoy exclusive access to business resources for just $5/mo:
  • Premium articles, videos, and webinars
  • An ad-free experience
  • A weekly newsletter
  • A 1-year Entrepreneur magazine subscription delivered directly to you
Make sure you’re covered for physical injuries or property damage that occur at work by
  • Providing us with basic information about your business
  • Verifying details about your business with one of our specialists
  • Speaking with an agent who is specifically suited to insure your business

Latest on Entrepreneur