tag:blogger.com,1999:blog-3723363789093960913.post5278347056634666329..comments2014-11-26T13:06:40.846-05:00Comments on Wolf, Whale, and Wolverine: Time value of money, money value of timeKlaashttp://www.blogger.com/profile/11434975984625293925noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-3723363789093960913.post-90529525855924886362014-02-01T07:26:29.788-05:002014-02-01T07:26:29.788-05:00Yea, I'm digging this Wolf man!
It does total...Yea, I'm digging this Wolf man!<br /><br />It does totally "solve" the fallacy of high earners / high spenders. You could earn say $100 per hour but if your Net Worth is only going by say $2400 a year (to make the calculation with 240 days easier) then that $50 you are spending hiring out a gardener to do your lawn isn't worth one hour of your time, it's actually worth 5 days. Considering you could probably do the whole garden in 1 day... you have your "real" sensible answer staring you in the face.<br /><br />Nice work!theFIREstarterhttp://thefirestarter.co.uknoreply@blogger.comtag:blogger.com,1999:blog-3723363789093960913.post-14600763745163924052014-01-15T21:00:04.459-05:002014-01-15T21:00:04.459-05:00Thanks! I went in thinking "That way is wron...Thanks! I went in thinking "That way is wrong! This is the right answer!" and then realized as I was writing that really it's just one tool among many for trying to think clearly about financial decisions and counteract the unhelpful impulses and behavioral traps that lead to poor choices. But I think it's a good one.Klaashttps://www.blogger.com/profile/11434975984625293925noreply@blogger.comtag:blogger.com,1999:blog-3723363789093960913.post-31406189660512244142014-01-15T13:14:07.323-05:002014-01-15T13:14:07.323-05:00I have long been bothered by the flaws in the typi...I have long been bothered by the flaws in the typical pf 'my time is worth $X per hour' reasoning. This is an interesting solution ... I'm not sure it solves the problem all by itself, but it's definitely a step in a better direction.karawynnhttp://pocketmint.netnoreply@blogger.com