4 ms·

The best way to spend money is to buy time with it.

ma2rten 15y ago
This an academic article written by people who extensively studied this topic. I feel that if you want to contradict them you should at least write a sentence on why you think they are wrong.
- melling 15y ago
  I'm not sure he is contradicting them. #1 is buying more experiences. The more time, the more [potential] experiences you have time for. Take a cab vs the bus. House cleaning, etc. As for #2, I started backing more projects on Kickstarter. It does feel great to see people doing all sorts of cool projects. For example, I wish I had time [and skills] to make a movie with Blender, but since I can't I'll enjoy it through the work of others. http://www.kickstarter.com/projects/1331941187/the-tube-open-movie http://www.kickstarter.com/projects/1331941187/the-tube-open... Oh, and I'm helping to build a 10" rocket engine! http://www.kickstarter.com/projects/hermesspace/hermes-spacecraft http://www.kickstarter.com/projects/hermesspace/hermes-space...
- zerostar07 15y ago
  My empirical observation: time is an inherently limited resource, money isn't.
reasonattlm 15y ago
I concur with this. Despite the grand importance of time as the absolute foundation of wealth, very little progress has been made in the most obvious optimization of all: creating property that can create more time. More heartbeats, more health, more time spent alive and active. Rejuvenation medicine, capable of repairing the damage of aging. Tissue engineering to generate replacements for worn organs. The cure for cancer. If you could do all that, then the much more productive form of escape velocity becomes possible - longevity escape velocity. Why strive to maintain an empire of property that will crumble to dust when the degenerations of age catch up with you when you could be that fit-looking guy having a blast swimming in the breakers every other Sunday for as long as you like? Wealth is exactly time, and here we are, bordering the era of biotechnology for the repair of aging. Planning ahead for the best possible personal future starts with investment now. Think about it.
bostonpete 15y ago
Agreed. I was flabbergasted last week when I learned I could pay a service to mow my reasonably large lawn for $45. It took me 3 hours every summer weekend for the past 5 years and totally ate into time with my kids. I was prepared to pay twice that.
overgryphon 15y ago
I don't get this. I like work, I like my job, and working for a company I make more meaningful impact than I would alone. I have time with family, and time to pursue interests that are not programming related. Other than the ability to quit the second any of the above statements are no longer true, buying time with money isn't appealing. Paying someone to keep my house clean on the other hand is an excellent idea.

This an academic article written by people who extensively studied this topic. I feel that if you want to contradict them you should at least write a sentence on why you think they are wrong.

melling 15y ago
I'm not sure he is contradicting them. #1 is buying more experiences. The more time, the more [potential] experiences you have time for. Take a cab vs the bus. House cleaning, etc. As for #2, I started backing more projects on Kickstarter. It does feel great to see people doing all sorts of cool projects. For example, I wish I had time [and skills] to make a movie with Blender, but since I can't I'll enjoy it through the work of others. http://www.kickstarter.com/projects/1331941187/the-tube-open-movie http://www.kickstarter.com/projects/1331941187/the-tube-open... Oh, and I'm helping to build a 10" rocket engine! http://www.kickstarter.com/projects/hermesspace/hermes-spacecraft http://www.kickstarter.com/projects/hermesspace/hermes-space...
zerostar07 15y ago
My empirical observation: time is an inherently limited resource, money isn't.

reasonattlm 15y ago

I concur with this. Despite the grand importance of time as the absolute foundation of wealth, very little progress has been made in the most obvious optimization of all: creating property that can create more time. More heartbeats, more health, more time spent alive and active. Rejuvenation medicine, capable of repairing the damage of aging. Tissue engineering to generate replacements for worn organs. The cure for cancer. If you could do all that, then the much more productive form of escape velocity becomes possible - longevity escape velocity. Why strive to maintain an empire of property that will crumble to dust when the degenerations of age catch up with you when you could be that fit-looking guy having a blast swimming in the breakers every other Sunday for as long as you like? Wealth is exactly time, and here we are, bordering the era of biotechnology for the repair of aging. Planning ahead for the best possible personal future starts with investment now. Think about it.

bostonpete 15y ago

Agreed. I was flabbergasted last week when I learned I could pay a service to mow my reasonably large lawn for $45. It took me 3 hours every summer weekend for the past 5 years and totally ate into time with my kids. I was prepared to pay twice that.

overgryphon 15y ago

I don't get this. I like work, I like my job, and working for a company I make more meaningful impact than I would alone. I have time with family, and time to pursue interests that are not programming related. Other than the ability to quit the second any of the above statements are no longer true, buying time with money isn't appealing. Paying someone to keep my house clean on the other hand is an excellent idea.