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Today we begin a conversation about expenses, particularly discretionary expenses, and how we justify them. We start by discussing the value of travel and socializing, and the sometimes intangible benefits that we derive from them. We take a look at hardware purchases and consider how important it is to have the latest and greatest gizmos that Apple offers. Finally, we close by discussing the importance of balancing income and expenses, along with some of the tax benefits of owning a business.