4.7 • 4.6K Ratings
🗓️ 16 December 2019
⏱️ 66 minutes
🧾️ Download transcript
Koen Smets is a behavioural economist and professor.
We've been told "time is money" for all our lives, but how does time RELATE to money? We can't save time the same way we can save money, so what are the implications for how we should conduct our lives?
Today Koen digs deep into the relationship between time, money, life satisfaction and much more.
Extra Stuff:
Check out Koen's Medium - https://medium.com/@koenfucius
Follow Koen on Twitter - https://twitter.com/koenfucius
Take a break from alcohol and upgrade your life - https://6monthssober.com/podcast
Check out everything I recommend from books to products - https://www.amazon.co.uk/shop/modernwisdom
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0:00.0 | Oh yes, hello humans, welcome back. |
0:03.6 | My guest today is Koon Smet, who is a behavioural economist. |
0:07.9 | Now the last few episodes with behavioural economists including Rory Sutherland and Richard |
0:12.7 | Shotton are two of the most highly played episodes of all time. |
0:17.2 | So I've got quite high hopes for this episode today. |
0:20.9 | However we're not just talking about behavioural economics. |
0:24.6 | We can behavioural economics. |
0:26.8 | We are talking about time and principally how we spend our time and how we relate it |
0:32.8 | to money. |
0:34.8 | Think about the language that I'm using, spending time. |
0:37.4 | We talk about it as if it is a currency, but the difference is that time is going to be |
0:41.1 | spent no matter how we choose to spend it. |
0:45.9 | So what does that mean? |
0:46.9 | What are the implications for how we should spend our days and how should we give up our |
0:52.8 | time for money? |
0:53.8 | How should we exchange the brief minutes that we have on this earth for a value of currency |
1:00.3 | which allows us to spend some of those minutes doing other things? |
1:04.3 | And where's the inflection point? |
1:05.9 | I really enjoyed this episode. |
1:08.2 | Koon is a very insightful and interesting guy with some great examples, including one |
1:13.2 | from the Estonian Police Service. |
1:16.2 | I bet you didn't think that you'd be learning about that today, but you are. |
... |
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