IMO this is the _only_ way to look at expenses -- the time "expense" is missed most of the time. One spends $20 on somethings, it's only 20, so what...
No it's not just $20 -- it's $20 PLUS the time you need to endure to earn that $20. And this time is what really counts -- the seconds, minutes, hour(s) you give away for that $20 whatever - the time you won't get back -- EVER!!!
For me, the only way to look at things is through time. Time is my most precious asset and it took me way too many years to figure this out and to re-set my mindset. It's where all the "passive income" stuff comes from -- from having something to endure time for your account, so you don't have to.
IMO this should be must-have on every browser, every (web)store right next to price: "$20 or approx. 2h of your life"
That is exactly the same view I have about the stuff I buy. My concern is, however, about younger people who might not fully comprehend that time is the most valuable asset we, humans, have. I hope this idea could grow into something bigger that would educate people about value of time vs value of money.
I have better understanding of money/time relationship after reading "The Millionaire Fastlane" by M.J. DeMarco which I highly recommend.
Thank you for your kind words. I remember some time ago there was an innovative solution to inform consumers of empty calories in chocolate bars. It was proposed to add a label on packaging about the time it would take a person to exercise in order to burn those calories. My point is - the day when these labels are back will be the day when an extension like this might be considered to be included in browsers.
Comments
IMO this is the _only_ way to look at expenses -- the time "expense" is missed most of the time. One spends $20 on somethings, it's only 20, so what...
No it's not just $20 -- it's $20 PLUS the time you need to endure to earn that $20. And this time is what really counts -- the seconds, minutes, hour(s) you give away for that $20 whatever - the time you won't get back -- EVER!!!
For me, the only way to look at things is through time. Time is my most precious asset and it took me way too many years to figure this out and to re-set my mindset. It's where all the "passive income" stuff comes from -- from having something to endure time for your account, so you don't have to.
IMO this should be must-have on every browser, every (web)store right next to price: "$20 or approx. 2h of your life"
That is exactly the same view I have about the stuff I buy. My concern is, however, about younger people who might not fully comprehend that time is the most valuable asset we, humans, have. I hope this idea could grow into something bigger that would educate people about value of time vs value of money.
I have better understanding of money/time relationship after reading "The Millionaire Fastlane" by M.J. DeMarco which I highly recommend.
Thank you for your kind words. I remember some time ago there was an innovative solution to inform consumers of empty calories in chocolate bars. It was proposed to add a label on packaging about the time it would take a person to exercise in order to burn those calories. My point is - the day when these labels are back will be the day when an extension like this might be considered to be included in browsers.