FIR 119: How To GET MORE TIME FOR YOUR MONEY !‪!‬ Financial Investing Radio

In this episode, we take a look at how to get more time for your money.

So time, what a crazy concept right? Have you guys ever listened to Myron golden? If not, you should look him up. He's got a great, great segment on this right, which is, what's the relationship of time and money? Right? We've all heard the statement. Time is money, but my run really throw some rocks at that right? And then he convinces Yeah, you know what? It's actually time is more valuable than money. And that's how I feel about it as well, it is more valuable than money. So what is the value of it? What's the value of your time? If you looked at 2500 hours working hours per year, and let's say you made $12,316 per year, then your time is worth $4.93 an hour? like wow, how'd you come up with that? At one point that was the poverty line in the United States? So $4.93 an hour is what your time is worth.
So that today that's actually worth or excuse me, that's actually below the poverty line. So the question is, what is your time worth? I have a brother speaking very personally, here I have a brother who has ALS. And it's been disabling him over the last few years for him. And for me, time is the most precious commodity that we have. And it's even become more more more pronounced since this has come about. So when life hands you a situation like that it innately changes the value of time as it has for us, for him especially. But for all of us involved. Now, you know, a second is still a second, right and a minute, still a minute. From that perspective, nothing's changed, right? Time still clicks on from that perspective continuously. But what has changed is the value the intrinsic value that that we associate with that second, or with that minute. Now associated with this is the perception of how fast time goes by all right. And we've all heard of studies like this, there was there was a study of the fluidity of time.
And scientists were looking at how to figure out our emotions, affecting our perception of time value, and how fast time goes. And, and, you know, we've all experienced this, right? When we're doing something that we think is fun, or we think it's a high value activity to us. Time tends to go more quickly. That's our perception anyway, right? And then when we're bored, then the you know, the perception is that time seems to drag. And we've all experienced that phenomenon. But the scientists were looking to sort of prove that. So they did some experiments. And in one experiment, the researchers took some train participants, and they took him to tell the difference between pictures and pictures that were shown for a short period of time or a long period of time. And the participants then viewed the pictures, some that were neutral, right? Or some that were positive, or some that were maybe not as exciting, right, so they had these different ranges like somewhere flowers, somewhere delicious desserts, right somewhere, geometric shapes, I guess if you're a mathematician, though, that might be pretty exciting.
So for each picture, though, they had to indicate whether the picture had been displayed for short or a long period of time. And just as the researchers had thought that participants perceive the enticing pictures of the desserts, as having been displayed for a shorter amount of time, regardless of the actual duration. Then compared to other geometric shapes that were shown or even some pleasing pictures of flowers. So in general, the peoples that ate the dessert pictures weren't shown As long as some of the others fascinating, right, they also found that that the perceived amount of time for the enticing pictures was also related to when the participants had eaten that day. So they found out that someone had eaten recently, then then those people actually felt like these desert pictures were displayed for a longer period of time. So some of it gets quite situational, right? In terms of what what have we already been satisfied, righ