Iāve noticed that Iām an extremely frugal person. In many ways this is a good thing. It signals āscrappinessā or the ability to be resourceful. But there are many cases where this makes less sense.
Mostly, this is bad when I start becoming frugal about money. Iām not even in a position where I need to be extremely frugal, but itās almost like a natural instinct. The mainstream gen z tiktok zeitgeist would call this a scarcity mindset. To which I agree. This is bad. Mostly because I spend time optimizing random things. Spending Time
Iām writing this note as a reminder to stop doing this. Different mental frameworks to remind myself that it isnāt worth it:
- Iām ambitious and thus I expect to do financially well. Transforming my ambition into action is purely a function of time and it will have asymmetric financial upside. Thus donāt waste time on things that donāt have asymmetric financial upside.
- Worst case if I go completely broke, I know how to fix it, so donāt worry about it til it happens.