In this episode, we explore "Measure" — a mental model for spending time and money more effectively. Based on this framework, we conclude that everyone should get a good kitchen bin and a voice coach, and that Ali probably shouldn't get a Tesla.
Different things in our lives contribute value in different ways. Some things give us a short burst of high value (high "magnitude", low "measure") — e.g. going out for a nice meal. Others give us less value, but which recurs over time (low "magnitude", high "measure") — e.g. having comfortable trainers. When we think about how to spend our time and money, we have a bias towards evaluating things according to their "magnitude". But in the long-run, it's the things that provide recurring value — the things that are "high measure" — that are most valuable. This is why spending a lot of money on a kitchen bin is counter-intuitive, but worth it.
We talk about this theory (and its limitations), and explore different high-measure areas of our lives which we've probably under-invested in — mental health, voice training, public speaking, and a few others.
- "Measure — a mental model for decision-making" - Taimur's blog post
- Simplehuman Butterfly 30L Pedal Bin – a great kitchen bin
What is this?
Who are we?
What is Not Overthinking ?
The weekly podcast about happiness, creativity, and the human condition. It's us, Ali and Taimur Abdaal, occasionally joined by guests, talking about things to help us think, do, and be better.
Things like social interaction, lifestyle design, mental models... Things that are hard to examine, but important to explore. And hopefully, things that make for a fun and interesting chat every week.
We'd love for you to join us.