A house in Guatemala

Can you spot what these two questions have in common?

• “How much of my budget should I commit to this CRM system improvement?”

• “How much should I plan to spend on a house in Guatemala?” (er, unless you happen to be familiar with Guatemala, in which case pick some unfamiliar locale).

Consider that house in Guatemala:

We think it would be nice to have a house there, but there are an awful lot of unknowns when it comes to deciding how much we'd want to spend on it:

What kind of house? How much land? Where exactly in Guatemala? What do we hope to achieve by owning this house? What about dealing with local sellers, local regulations, exchange rates, tax implications, etc., etc.?

Until somebody does some good research into all of those unknowns, any guess about the appropriate spend on that house is, well, just a guess.

So, now can you spot the similarities between those two questions?

All the best,
A.