29 Jan '17, 4pm

Marginal utility of Time vs Money: I’m always fascinated by my earlier ‘miserly’ behaviour, like how I used rusty… https://t.co/Xnp1r0KhT0

I’m always fascinated by my earlier ‘miserly’ behaviour, like how I used rusty shavers to save some money or how I worked like crazy to save my first 50k until I get so burnt out. I framed it as a growth mindset, where I grew bigger than my problems, hence it’s not that my problems became smaller and therefore manageable, but rather I grew bigger, so the problems no longer affect me that much. This three articles I blogged about has the same underlying theme: 1. Frugality isn’t just about saving money 2. Being frugal with your time 3. Of Dragons and Men Recently, while reading Tools of Titans by Tim Ferriss (I could not recommend that book enough), I came across another interesting framework to use. It’s the idea of the marginal utility of an extra minute vs an extra dollar. The idea is simple: Imagine you want to …

Full article: http://thefinance.sg/2017/01/29/marginal-utility-of-time-...

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