Dear Members and Constituents,
You are probably familiar with the concept of burn rate -the
pace at which startups and growing companies burn through cash. But what about
individuals? Have you considered your personal burn rate? At a fundamental level, your body is always burning calories, which requires you to buy
food. Doctors and Shamans get a cut, and unless you're homeless or living in a
feral state, you also need to pay for shelter. Maybe it's rent, maybe it's a
mortgage. Even after your mortgage is paid-off, you pay property taxes and
utilities. You burn fuel to get to work and if you've ever purchased on credit,
you burn cash on interest to creditors who floated your consumption before you
could afford it. You purchase roads, protection from bad guys and a safety net
with your taxes. In this world of disposable income there is of course travel
and entertainment which, in most cases, rounds-out your burn rate.
As a Friday Donut Club member, you also burn about a dime a
day to partake in this delicious tradition. This morning Kevin Royer went
out of his way to make sure you got your money's worth. He went so far as to
coordinate with other members of the corporate strategy team to ensure timely
delivery on his day off. So come get yours -as the wise man once said waste not
want not.
Happy Friday!
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