Google Doc| Author: Mati Roy | Created: 2018-07-11 | Branched:
2019-03-12 | Updated: 2019-03-12 | Confidence: ideas | Quality:
various ideas | Importance: 4 | Feedback: suggestions welcomed
Note: I didn't post on WikiHow in the hopes of
improving differential progress (because the proportion of altruists
reading my website is probably higher). Please let me know if you think you can change my mind on this.
Acknowledgement: I've seen various suggestions in various places; I haven't kept track of where
unfortunately.
Presumably, just as you can buy money with time (by having a job), you can also buy time with money (sometimes).
Here, time should also be replaced with attention, energy, and related concepts.
It seems we sometimes do irrational trades as we don't buy time with money even when we could make more money with
that time. Granted, there are many more subtleties to this line of thinking (ex.: maybe there are things you find
more enjoyable), but I still find it suspicious when someone works 3 times as hard to save money as they do to earn
money (ex.: spending an hour saving 10$ when they earn 30$ per hour). Usually, people ask for more money for time
work at the margin (ie. overtime). So I invite you to consider if this applies to you.
As a simplified heuristic, one could think of how much money one can make per unit of time, and see how they could
save such unit of time by spending less than that amount of money (if you earn 30$ / h, how can you buy >1h for
30$?). This article is meant as a list of suggestions to consider to exchange money for time / attention / energy.
They are categorized in: outsourcing, automating, simplifying, increasing productivity, improving commutes, things
to avoid, and other. When considering such trade-offs, it's also worth noting other costs that aren't internalized
in the price such as environmental costs.
Outsource
Fiverr is a platform where it's possible to hire people to outsource various
tasks. The rationalist community also has a Facebook group for that called Bountied Rationality.
Examples:
Hiring a cleaner (about 15$ / hour in Montreal). Also hiring people when you move to a new place, and for other
tasks around the home (see Task Rabbit).
Hire a digital assistant*
Hire someone to do the grocery
Rent a place already furnished (or paying someone to furnish it), with all bills included (especially if you
don't intend to live at the same place for a long time)
Hire someone to review your code, diet, workout, etc.
Use Uber / Lyft (instead of owning a car or using public transport)
Hire a cook; order cooked food (ex.: DoorDash, UberEat)