Firstly, many apologies to those who checked in this week and didn’t find a new post on Monday or Tuesday – it was partly due to the long weekend and partly due to the busyness of life. In fact, life seems so busy that I’m beginning to wonder if its negatively affecting me. I’m usually an exceedingly patient person – I’ve been told as much by many of my friends and family. But these days, it seems like my patience is waning. Is it a side-effect of life, or are we just becoming a less patient, more impersonal, rush-rush society? I’m not really sure but allow me to share a personal story to illustrate this…
In one of my favorite TV shows, How I Met Your Mother, Future Ted tells his future kids a piece of advice that his mother gave him as a child – “Nothing good happens after 2 AM”. Oh how true this is! When it comes to making financial decisions, it is imperative that you have a clear and focused mind. Given how hard we work for our money, a poorly made financial decision can come back to haunt us many times over. My own experience with this lesson happened on the weekend.
I’m a big fan of a podcast called Radiolab. Hosted by Jad Abumrad and Robert Krulwich, every week they tackle one big concept – like time, sleep, or identity – and they talk about it for about an hour. Its extremely engaging and never uninteresting. And it was while listening to an episode about zoos, yes that’s right, zoos, that they touched upon a fascinating concept that can be related back to society, lifestyle, money and happiness. You see, at some level, we are all just animals in a cage.
Have you ever lied to get a deal? Even just a little white lie or a fib? This is a topic that has always fascinated me. To what lengths is it ok to go in order to get a deal or save some money? What is taboo and what is acceptable? What am I talking about? Why are all my sentences in the form of questions? Sorry, I got carried away there for a second. Let me give an example.
We’re all guilty of thinking about it sometimes. The classic scenario is the employee who can choose to either get paid for overtime worked or bank his or her overtime to be taken as time off later. It launches the classic argument – what is the value of time? Does it have a monetary value? Is time worth more than money? Every person will answer this question differently based on their personality, their priorities and their attitudes.