Optimal Living Daily - Personal Development and Self-Improvement 3425: Stop Measuring Your Purchases in Dollars by Charlie Brown on Value of Time vs Money
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Dec 15, 2024 Explore a fresh perspective on spending by measuring the value of purchases in terms of time instead of dollars. Learn how recalibrating this mindset can lead to more intentional and meaningful financial choices. Discover why prioritizing time may enhance your overall happiness and align your spending with what truly matters in life. Reflect on the real cost of purchases and how it relates to the time spent earning the money for them.
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Measure Purchases in Hours
- Calculate your hourly wage after taxes.
- Use this wage to measure the cost of purchases in hours of your life.
The Birthday Dinner Dilemma
- A colleague's birthday dinner can easily cost hundreds of dollars, equivalent to many work hours.
- This time investment may not be worthwhile for a casual acquaintance.
The Time-Money Paradox
- Societal norms often prioritize money over time, encouraging overwork and undervaluing personal time.
- This makes it harder to shift perspectives and prioritize time when making purchasing decisions.
