Great article 👏... what you describe is what my husband and I are living now for nearly 30 years. We are working to earn the money to live our life and do what we love ❤️. We don't collect materialistic things a lot, only what we need and is valuable, but we do collect experiences ... priceless 😊
Things I've done this year to get more time: Hire a baby sitter, Hire a house cleaner, Get cooked meal prep kits. Really trying to make more time available by using my money to free up time. :)
This gets tricky, though. I think the semantics are important.
Nobody "has" time.
What would be valid synonyms or definitions that you could use in your poll?
Money = fungible credits redeemable for goods and services
Time = an open schedule?
But people's schedule's are never completely open if they're responsible for securing their own basic needs (food, shelter, etc or the money to get it).
Is your point something like "People are too likely to do their own [chores of some kind] even though they probably would have been happier if they'd outsourced to other people or tools. They FEEL the price is too high, but if they would just go ahead and make that trade (hire the person or buy the tool), they'd appreciate their decision in retrospect."
If that's what you're saying (that people have this bias in general, and that their default behavior of doing their own grunt work leads them to be unhappier), it would be interesting to hear why people have that bias and how they can dismantle it.
The main point is people who value money over time are less likely to spend money so that they can spend their time doing things they enjoy. They’d rather have more money than more life experiences. Saving is great, but if you’re so obsessed with saving, you forget to live, that’s not good.
Those who see the intrinsic value of time are the ones that use money as a tool rather than an end-goal or form of validation.
Great article 👏... what you describe is what my husband and I are living now for nearly 30 years. We are working to earn the money to live our life and do what we love ❤️. We don't collect materialistic things a lot, only what we need and is valuable, but we do collect experiences ... priceless 😊
Things I've done this year to get more time: Hire a baby sitter, Hire a house cleaner, Get cooked meal prep kits. Really trying to make more time available by using my money to free up time. :)
That’s awesome! Good for you Jessica.
Hmm... seems like a you've got a copycat bot...
Yes it’s been reported… I think there’s more popping up, will keep reporting to Substack
This gets tricky, though. I think the semantics are important.
Nobody "has" time.
What would be valid synonyms or definitions that you could use in your poll?
Money = fungible credits redeemable for goods and services
Time = an open schedule?
But people's schedule's are never completely open if they're responsible for securing their own basic needs (food, shelter, etc or the money to get it).
Is your point something like "People are too likely to do their own [chores of some kind] even though they probably would have been happier if they'd outsourced to other people or tools. They FEEL the price is too high, but if they would just go ahead and make that trade (hire the person or buy the tool), they'd appreciate their decision in retrospect."
If that's what you're saying (that people have this bias in general, and that their default behavior of doing their own grunt work leads them to be unhappier), it would be interesting to hear why people have that bias and how they can dismantle it.
The main point is people who value money over time are less likely to spend money so that they can spend their time doing things they enjoy. They’d rather have more money than more life experiences. Saving is great, but if you’re so obsessed with saving, you forget to live, that’s not good.
> Saving is great, but if you’re so obsessed with saving, you forget to live, that’s not good.
Oh ok, I hear you, thanks!
Definitely time, Ben. I've been to Antarctica, the trip cost me $12,000 in 2020. That's what money is for - to enjoy simple things in life.
If you're ever in Germany, drop me a line. I'll be happy to invite you for beer/coffee/dinner.
Exactly 👍