Love this discussion! My view:
The rate you should be willing to pay (in the West) is likely way higher than income/8k. The rate is your opportunity cost. I.e., how much value you trust yourself to create during that hour. That includes reading a book/learning. All you need to be confident is that what you learn is going to be worth more over the course of your lifetime than what you pay for an hour of somebody else‘s time.
There are trade-offs and subtleties to consider. For example, you need to buy food and shelter today, so these thoughts only work once you are covering your baseline costs.
I used to outsource little, but since I started thinking this way I’ve massively increased. Having said that, I believe that the rates paid in most of the West for manual labor are a form of modern slavery, but that’s an entirely different discussion.
GM from 🇨🇭💜
Wholeheartedly agree with this:
"If you want your children to grow up to be healthy and independent, you should hold them, hug them, cuddle them, and love them. Give them a secure base and they will explore and then conquer the world on their own." - Jonathan Haidt, The Happiness Hypothesis
Yes. Just switched from Blue 🎯
First principles:
Time is the most valuable thing there is. The more of it I have, the more I can allocate it to things I want to do vs have to do.
I allocate some time to earning money which helps me spend time the way I want to spend it. If I am good at earning money, I can save some and trade it for time in the future.
Debasement of money is equivalent to stealing the time I have earned already.
All moneys that can be debased will be debased.
Bitcoin cannot be debased.
#Bitcoin is time.
H/t #[1]
#[0] did their magic 👏🙏🚀
Struggling with old friends who have successful fiat careers but are completely closed-minded with regard to new ideas like #Bitcoin.
It makes me sad - and I have a hunch I need to plan some trips to Miami and L.A. to meet you Nostriches and Bitcoiners IRL!
Which accounts do you miss most on Nostr? Here https://twitter.com/rainmaker1973
Best VPNs to use across Apple devices?
Welcome #[0] ! 👋
Visiting old friends in Manhattan and by god am I reminded how much of a hamster wheel this place is. My time preference is so different to the folks here that I’m finding it hard to relate.
Do your own thing, foster curiosity, think for yourself, stack #sats
If you’re using Damus, do you get a notification when you get zapped?
Tried my first zap. Working?
https://twitter.com/vailshirecap/status/1626666822119608321?s=46
Nostr feels so much more alive than even three or four weeks ago. Pretty sure #[0] ‘s work on Damus made a major difference 🙏💪