Sunday, December 25, 2016

The scarcest and most valuable of all values

That would have to be our time.  You should take the time to view this clip from the movie Network.

Suppose you lived to be 120 with current (2017) medical practice and success rates.  You might be OK up until age 70 or 75, depending on how much you managed to eat well, exercise and how well you avoided bad habits, bad luck and bad people. After that, life would start to suck.  You'll be old, ugly, sick, stressed, not really interested in sex, everything hurts, and your relatives are waiting for you to die so they don't have to pay attention to you anymore and they can inherit your stuff.  Your friends died long ago.  Your kids died long ago.

So, even though you are alive for 120 years, your life gets bad enough at the end to not be worth living.  Maybe this will improve in the future.  Maybe your kids and grandchildren will really love and cherish you.

Despite advances in medicine and technology, we're still looking at roughly 70-75 years of quality life.  Only a few very enlightened and independent youths think deeply about their upcoming old age, and plan well, try to be a true friend to their older selves; even fewer actually execute and deliver to their old selves a good old age.

To bust out of this rat maze, you really have to take your own life in your hands, and ruthlessly purge yourself of all things, all people, all politicians, all pundits, all websites, all anything that wastes your time.  You get to decide what is and what is not good use of your time.  You will have successes and failures.  If you are smart and self-interested, and ruthless with your calling yourself to account each day, you will get better with time.  This is not a one-size-fits-all type of thing, but an optimization problem.

When it comes to buying things, you really have to factor in your time, taxes, delivery costs, product risks and price to make a good decision.

Some approximations can help a lot.  For example, going to the local mega-store is worth it for large purchases.  You start a list, based on experience, for each of the big stores, and work on the list over time, before going to the store.  You know you can't do all of this in a day, because the ice cream will melt (add you own risk list here).  But you can make efficient use of the local Wal-mart, HEB, etc. and do better for your money and time than you can online.

The lists will tend to be big, and you will have to later execute correctly to not waste money.  For example, I can get pork cheaper at my local HEB than anywhere else, and it is good quality.  If it rots in the refrigerator because I got too busy, I lost out on the purchase.  Better not do it.

Conclusion:  First, learn to stop wasting your time.  Also, when you commit to the future (buying raw pork), make sure you get the value needed to make the purchase worth it (cook and eat the pork before it goes bad). Second, find the value of your time and start using that ruthlessly to make better decisions about purchases.  Who cares if you pay three times as much for something online if it saves you five times the time cost?

Hyper-Ad is dedicated to the principle of wasting as little of our customers time as possible.  We will get better at this as we go along.  We want you to come to our website and get it done! Please help us by both buying from our site and engaging us in intelligent complaint (so, for example, if you know we couldn't help a bad situation, let it go rather than blaming us.  OTOH, if you feel we could make something for you FASTER, tell us what you think.)

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