We all face a constant trade off between:
In any transaction, we can pick 2 not 3. If you feel like you are getting all 3, check again and understand which is being traded, because I have never found a time where one isn’t being traded.
Here are a few examples of this idea in practice.
High Powered Lawyer:
This is Not cheap so by definition a high powered attorney, much to the dismay of family and fiends of the attorney, will be fast and good.
The food here is cheap and fast but most would argue, not especially good for you.
Despite being advertised as fast, most often are cheap and good (mostly), they won’t be fast.
This weekend, we had photos taken in a marathon of sessions for a fairly low price with a quick 1 week turnaround promised. I am very concerned about the quality, while my partner wants the photos faster. Each day I am hoping the quality is going to be better hoping we got the cheap and good, not fast. This may be because I won’t remember the few days extra waiting for the images in the future.
There is always a cost associated with things and the question is, what is the tradeoff and does it matter to you in this specific instance.
If you’re unsure what the trade is, ask a friend, someone not as close to the situation will likely be able to spot it quickly.