Analyzing Cost-Effectiveness in Repair Vs. Replacement Decisions

Thanks to MAINGEAR for speeding up everything for us. Check out the VYBE line that’s making up the core of Matt’s new studio -- and use code CREATE for a free additional year of warranty on desktops: https://maingear.com/ref/656/

Join Our Patreon: https://www.patreon.com/thecreateunknown

For the past few episodes, Matt has been delivering some WISDOM from his reality TV findings. This week, we’re passing the baton off to Kevin to give us some insight into the coveted LIEBER METHOD, and just how important it can be to your everyday life.

Kevin is obsessed with a lot of things. From hot dogs to JRPGs, the list is near endless. But there’s one obsession of his that stands above the rest – TIME. Kevin tells us about the constant scheduling calculus he does on a daily basis and the pitfalls of multitasking, and Matt shares some economic knowledge about the undeniable importance of opportunity cost.

Then, we get into Kevin’s next deceptively simple step – avoiding problems. You might think you have that one figured out, but there’s a lot more to it than you might think. We talk about the difference saving future time can make, the crucial importance of preparation, and the roads to enriching your life.

These steps aren’t without fault, though, and we highlight a few cases where this stuff can really go wrong. Matt talks about the everyday applications of marginal benefit, Kevin tells us a story about sunk costs in a repair job, and we dive deep into the paradoxically expensive nature of trying to save a buck.

For every failure, though, there is a Lieber Method success story that makes it all worth it. We talk about a friend’s recent struggles with a raise in rent and apartment hunting, the surprising solution that wound up working out in the end, and how “mortgaging” your future time can actually be beneficial.

Thanks to everyone who joined us live this week, and thanks especially to all of our patrons. You really make this show happen. We’ll see you all again next week!

You love anime. You love tea. Get 10% off your order with code CREATE at The Dragon's Treasure: https://www.thedragonstreasure.com/

Buy our T-shirts: https://www.thecreateunknown.com/store/

Join our Discord to talk with artists, creators, and fans of the finer things in online life: http://discord.gg/tcu

Apple: http://bit.ly/TheCreateUnknownApple

Spotify: http://bit.ly/TheCreateUnknownSpotify

Google Podcasts: http://bit.ly/TheCreateUnknownGooglePodcasts

CREDITS: 

Hosts: Kevin Lieber and Matt Tabor 

Produced and Edited by Ben Webster

"Created in the Unknown" theme by Basswaite: https://linktr.ee/Basswaite  

Theme by Mega Drive → http://megadrivemusic.com  

Opening Animation: Kidmograph 

City Animation: Eric Langlay 

"The Create Unknown" is produced by Unknown Media. 

CONNECT WITH US: 

» Chat with us on DISCORD: https://discord.gg/qAQV3Jw  

» Follow us on TWITTER: http://twitter.com/createunknown  

» Follow us on INSTAGRAM: http://instagram.com/thecreateunknown  

» Follow us on FACEBOOK: http://facebook.com/thecreateunknown  

» View our website: https://thecreateunknown.com

Learn more about your ad choices. Visit podcastchoices.com/adchoices