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In physics, there is this concept called the "space-time continuum".<br />
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Maybe a bigger nerd would be able to explain it better, but as far as I can tell, it means that space and time are two sides of the same coin and cannot be separated from one another, as they are intertwined.<br />
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In our little human lives, we have the <b>health-time continuum</b>.<br />
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Having time is not enough.<br />
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You also have to be physically and mentally healthy to be able to enjoy your time here.<br />
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If you don't, <b>time </b>turns from the greatest asset into the greatest curse.<br />
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Money is nothing but a tool that might be used to buy more of both:<br />
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<li data-xf-list-type="ul"><b>Time:</b> outsourcing, hiring, enjoying freedom, etc.</li>
<li data-xf-list-type="ul"><b>Health:</b> food, supplements, biohacking procedures, etc.</li>
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Sadly, the human mind is wired not to appreciate - or even acknowledge - the miraculous blessings we've all been given, until we've lost them.<br />
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At 18, you have <b>everything</b>, but you're too stupid to see it, because you're "broke" and that's your huge, insurmountable problem.<br />
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At 81, you start to understand that you <b>had </b>everything.
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</blockquote>It can be modeled in Economics. <br />
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We have this thing called utility function. That your happiness is a product of different variables (health, wealth, and others for instance….) <br />
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Because wealth is expected to compound while health is expected to deteriorate.<br />
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I can further give you the rate of depreciation. Age 50s are thrice more to have hospitalization and surgery insurance claims than those below 50. Age 60s claim three times more than the 50s.<br />
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There is actually little difference between teenagers or age 40s. I don’t know exactly why.<br />
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I think in the 30s and 40s are time for you to build a good foundation in health to prevent the deterioration after age 50.<br />
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Your wealth function is very dependent on the type of business and the work you do. Baseline cashflow, and upside potential…<br />
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You are doing hard things and expect hard things to take a toll on your mental and physical well beings. You are balancing your rate of financial success versus triggering the underlying risk in your health, in the process of finding the “optimal level of stress”.<br />
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But in practice you don’t need complex modeling, just common sense. Figure out the most important goals, and balance between them.<br />
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Study well, build a good foundation and character in the youth. Don’t start your business too late. Compound. Work hard but not Internet bullshit like 16 hours a day. Figure out the 80-20. Take calculated risk without bankrupting yourself.<br />
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Stay patient and understand that you don’t have to exit one shot with lifetime wealth (would be good if you can). You are not going to consume in advance. If you made money that can last twenty years, it gives you the time and resources to make another 3x of that.<br />
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Your wealth trajectory doesn’t have to be from broke to multi-million exit in five years.</div>
