Nostr

Start putting a value on items you see in a store in terms of hours of your life it will take you to earn enough of your nation’s currency to purchase that item.

For example…Those $200 pair of shoes will take me 8 hours of my life that I can never get back to purchase. If the shoe enables you to work more efficiently subsequently enabling you to earn more, it could be worth the purchase. If the shoe cannot enhance your productivity, or efficiency you may choose to not purchase the shoe.

My son started a small business and now he values his time differently. I heard him tell his sister that he’s not spending his money on something she asked to him to buy because it will take him “X” amount of time to earn that money back. On his own my son made a choice about how much his time is worth and realized his time was worth more than a material item. His behavior (time preference) changed because of his experiences.

Give your children the necessary experiences to change their behavior. Whatever that means for you (not telling anyone how to parent). This must be an intentional effort on our part as parents.

Hope this inspires someone.

Peace & Love

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Discussion

zach 1y ago

Well said Jon! Your son is ahead of his time! I’m hoping to teach my children about this when they are older.

Dave🐸 1y ago

💯

j 1y ago

I’m really amazed by my son’s behavior. But at the same time I’m not amazed. It’s the transformation I’m amazed at.

I believe these behavioral changes would happen naturally to anyone who is placed in a position where they are forced to use their time to support themselves. Some of us adults need to learn these same lessons.

Law and policy makers also should reevaluate their decisions, and proposed legislation from a perspective of “what human behaviors will these policies/laws I’m proposing either incentivize or de-incentivize?”

I realize now that a lot of these lawmakers actually mean well…however they simply don’t understand economics and how their proposed policies/legislation will incur unintended consequences. Some absolutely do understand…We have to help them see and understand these basic economic outcomes and how they play out in human behavior.

Also I believe, contrary to many, that bitcoiners who understand economics and how human behavior will change based on inflation and debasement of currency should run for office. I’m not ready to give up on the ability to steer the ship back to a direction where we have harder money.