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MJ DeMarco
I followed the science; all I found was money.
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Today's newsletter is on decision making, and this little exercise isn't included.
Read the entire article.
However, one decision-making strategy is to analyze things from simple math.
Per below, if Stripe owes you $5000, you can be charged $50 to get your payout 3 days early.
If you work out the math, you'd be mortified. But I guess Stripe hopes you won't work out the math.
What is the annualized return for Stripe? Or the annualized cost for your impatience?
3 days of impatience costs you an annualized interest rate of 121%. On the other side, Stripe will earn 121% on your impatience.
Question: Would you take a loan @ 121% interest rates?
You wouldn't and math exposes the right decision. It also exposes Stripe for charging mob-like rates that should be illegal.
![1684333424003.png 1684333424003.png](https://www.thefastlaneforum.com/community/data/attachments/45/45466-d30758ed286e52170359185dab0b1daa.jpg)
Read the entire article.
*THIS* is the best decision-making tool ever, PERIOD.
preview.mailerlite.io
However, one decision-making strategy is to analyze things from simple math.
Per below, if Stripe owes you $5000, you can be charged $50 to get your payout 3 days early.
If you work out the math, you'd be mortified. But I guess Stripe hopes you won't work out the math.
What is the annualized return for Stripe? Or the annualized cost for your impatience?
3 days of impatience costs you an annualized interest rate of 121%. On the other side, Stripe will earn 121% on your impatience.
Question: Would you take a loan @ 121% interest rates?
You wouldn't and math exposes the right decision. It also exposes Stripe for charging mob-like rates that should be illegal.
![1684333424003.png 1684333424003.png](https://www.thefastlaneforum.com/community/data/attachments/45/45466-d30758ed286e52170359185dab0b1daa.jpg)
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