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I think if you want to view your life as an economic asset then the advice on offer in most of this thread is pretty good. If you want to view your life as anyt
by DubiousPusher 9y ago
I think if you want to view your life as an economic asset then the advice on offer in most of this thread is pretty good. If you want to view your life as anything more than that it's completely insane. Think about this. The only really good thing about making lots of money is it gives you freedom. And what people in this thread are saying is this person makes too much money to be free to change their life because of "opportunity cost". Then what's the point of getting rich at all!?
I love economics. It's totally fascinating to me, the way money can be seen to behave like physics in many ways. But it's not physics and seeing everything in terms of Econ 101 island economies breaks down eventually.
Think about it this way. The advice in this thread would say that you could quit your job whenever because of the low opportunity cost of $22/hour. But whose life is going to get more messed up by quitting their job today? Yours or this person with 1.1 in the bank? And if you need any time at all to answer that question you need to burn your PhD in Econ right now, move to a small apartment in a working class neighborhood and live in the real world for a couple years.
- JBlue42 9y agoI'm not sure we're disagreeing here. Maybe I read some of the thread wrong - most of them seem to be saying "you have money - you have options. take a break, do something else, etc". Then there are the FIRE people kinda saying 'suck it up and get true independence' and the like. Maybe I was tired and my comment didn't come across as intended. I was intending to say "I'm much poorer than you and still, due to my personal circumstances - white, American, passport, etc, have options so OP, in seemingly far far better circumstances has far, far more options"
- DubiousPusher 9y agoGotchya.