#181: How to ‘Waste Money’ To Improve the Quality of Your Life
The Tim Ferriss Show
Investing
"I try to focus on my unique, or more unique abilities as much as possible," he says. "And ideally, i have a ven diagram of the things that i am uniquely capable of doing well." And then the things that give me a high yield - which could be a yield of capital. For instance, if i invest ten hours now in creating a system and making decisions about x, for instance, not to do start up investing at all because i don't do moderation well.
This episode is not going to deconstruct a world-class performer, per usual. This is a short, but very actionable and practical episode about the inner workings of my business. I was asked recently how I choose my projects. I riffed on this topic, and shared many thoughts on delegating tasks, future projects, and my involvement -- and break from -- the start-up community. I realized that the real question at the root of many of my decisions is: "How can I waste money to improve my quality of life?" This seems like a bad thing, but it is not. It is trading pennies for dollars. So how can you waste money to improve the quality of your life? I delve into this topic and much more. I hope you'll get a lot out of it. Please enjoy! Show notes and links for this episode can be found at www.fourhourworkweek.com/podcast. This podcast is brought to you by Wealthfront. Wealthfront is a massively disruptive (in a good way) set-it-and-forget-it investing service led by technologists from places like Apple. It has exploded in popularity in the last two years and now has more than $2.5B under management. Why? Because you can get services previously limited to the ultra-wealthy and only pay pennies on the dollar for them, and it's all through smarter software instead of retail locations and bloated sales teams. Check out wealthfront.com/tim, take their risk assessment quiz, which only takes 2-5 minutes, and they'll show you -- for free -- exactly the portfolio they'd put you in. If you want to just take their advice and do it yourself, you can. Well worth a few minutes to explore: wealthfront.com/tim. This podcast is also brought to you by Four Sigmatic. I reached out to these Finnish entrepreneurs after a very talented acrobat introduced me to one of their products, which blew my mind (in the best way possible). It is mushroom coffee featuring chaga. It tastes like coffee, but there are only 40 milligrams of caffeine, so it has less than half of what you would find in a regular cup of coffee. I do not get any jitters, acid reflux, or any type of stomach burn. It put me on fire for an entire day, and I only had half of the packet. People are always asking me what I use for cognitive enhancement -- right now, this is the answer. You can try it right now by going to foursigmatic.com/tim and using the code "Tim" to get 20 percent off your first order. If you are in the experimental mindset, I do not think you'll be disappointed.
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