Less is more? Yes, less is more.

by Volker Weber

A few things got me thinking:

Now take these thoughts and figure out what you really need. What would you carry with you when you travel? Do you need a car? If you need a car, do you need another one? Do you need a new one every few years? You can have all of these things, if you maximize your income. If you think about how to make more. You can have more money, you can have more stuff, you can borrow money and have even more stuff.

That is not my definition of rich. My definition of rich is that you have more than you need. In relative terms. If you need less, it's much easier to be rich.

And then you figure it out. There is only one resource you cannot have more of. It's finite. You get exactly the same amount every single day. 86400 seconds.

If you have more time than you need, you are rich. The real rich.

Comments

Great article, Volker! You so speak my mind. However, there's still a lot of work left for me in order to become "rich" as you define it.

Markus Dierker, 2016-04-08

Having collected a plethora of gadgets a similar thought crossed my mind.
But then there is still the good old hierarchy of needs. Having covered the house (one), insurance, transport (car, monthly ticket, ...) one has this liberty.

All five examples you give (I'm including the dog, she also has a house) have something in common: they already accomplished something. Some recognised their situation and took action. Some did not (the watch doctor, partners)

If you still have to get there you can be stuck in the maximising income routine. And being there you may not have the ability to allocate your 86400s at will. At least not without jeopardising covering the physiological and safety needs. You can only be rich in that sense if you need little time to cover those needs you consider as basic. And have a profession that allows limiting daily time to anything less than the standard 8 hrs.
Having said that I see that those in your examples who took action are running their own businesses.

Tobias Hauser, 2016-04-08

Tobias, I call this the "three beer rule". I figured out that I can drink three beers and then it goes downhill. The first one is the best.

Volker Weber, 2016-04-08

Volker that is a very good observation and rule. But it requires a bit of discipline. You know, Bierlaune... which can be induced between the first and second beer :)

Tobias Hauser, 2016-04-08

Can I congratulate you on, however briefly, forgetting your phone? The generation coming up would no sooner forget their phones than they'd forget their trousers, or perhaps their heads.

Nick Daisley, 2016-04-08

Not only do I forget it. I often leave it behind. ;-)

Volker Weber, 2016-04-08

When you mentioned stuff, I had to think of George Carlin: https://www.youtube.com/watch?v=MvgN5gCuLac

Federico Hernandez, 2016-04-08

Today in the newspaper: "working 4/5 is becoming the new fulltime".

Ludwig Deruyck, 2016-04-08

Since my daughter was born 2 years ago I now know, what time really means. I changed a lot of things in my life - for her. And for myself. And now I can say: I am rich.

Alper Iseri, 2016-04-08

Another view on the 86400 seconds is here:
https://de.wikipedia.org/wiki/In_Time_–_Deine_Zeit_läuft_ab

And Alper, you did it right. Thats how priorities change. And priorities are a way to manage time.

Not saying I am really good at that.

Volker Jürgensen, 2016-04-08

Great article!

Brendon Upson, 2016-04-11

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I explain difficult concepts in simple ways. For free, and for money. Clue procurement and bullshit detection.

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