Money with Katie
morningbrew.com
Money with Katie
Sometimes financial advice just blindly encourages people to do “more, more, more” without stopping to ask, “Is this enough?”
John Maynard Keynes saw the truth at the bottom of all this, which is that our fixation on what he called “purposiveness”—on using time well for future purposes, or on “personal productivity,” he might have said, had he been writing today—is ultimately motivated by the desire not to die. “The ‘purposive’ man,” Keynes wrote, “is always trying to sec
... See moreIt’s not “normal” to try to live life intentionally, doing what you want, when you want to do it. It’s not normal to stop all cash flow temporarily so that in three months you can buy $6,250 worth of stock for $5,313 and sell it immediately for a capital gain. It is normal to show up at work at eight, leave at five, complain about the new corporate
... See moreLet me reiterate: research clearly shows that people who value time are happier, healthier, and more productive than those who value money over time.2 But we still focus on money, because we underestimate the value of our time; we tell ourselves that we will have more time tomorrow than we do right now (we won’t); and we underestimate how long it w
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