First aid is good. Also general investing in index funds like VTSAX and VTIAX. It is so simple, yet most people I run into on a regular basis just save their money in a checking account earning 0.01% APY. Follow the reddit personal finance flowchart. Learn about Roth and HSAs and ESPP and the benefits of diversification. We’re literally talking about multiples of your net-worth over your life if you invest compared t…
Do you have a link to the reddit flowchart?
What Is the Most Valuable Thing You Can Learn in One Hour?
51–60 of 340 posts
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#52Earlier quoted context omitted.
Yes, I know. They don’t understand what they’re doing very well though. Education will affect their net worth massively.
There’s a difference if you’re sitting on $100K in cash earning nothing or a few thousand to use for living costs. If the latter then investing in stocks is actually not very prudent.
Hence why I said to follow the flowchart.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#53Taking this also as a bit of an Ask HN: Easily the Tiny Habits habit formation regime created by Stanford researcher BJ Fogg. A lot of the addictive design patterns you see in apps like Snapchat, Instagram, etc. are built off his research. Quite nefarious use of psychology for advertising/“engagement”, but the plus side is you can use the same strategies to build habits you want to build. Step 1: Consider the habit y…
In my case the flossing problem was solved by trying out certain rubber sticks made for that purpose. They're MUCH more convenient to use than the classic dental floss and make the whole process quicker, to a degree it took me almost no effort to consistently do it every day.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#54Earlier quoted context omitted.
There’s a difference if you’re sitting on $100K in cash earning nothing or a few thousand to use for living costs. If the latter then investing in stocks is actually not very prudent.
Hence why I said to follow the flowchart.
I also think the reddit personal finance crowd is way too focused on how to invest their existing money when almost everyone would be better off figuring out how to make more money from their day job than worrying about whether they can make 4% here vs 5% there from their existing savings.
Perhaps less true if you have a large savings of over $1M already, but otherwise no.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#55Take an hour to sit in a quiet room without any stimulation. You'll learn a lot about your mental situation, and understanding where you are is really helpful for understanding where to go (if anywhere).
I think this is more valuable than it might seem. I'd wager many people couldn't even sit still for an hour in a room by themselves with nothing but their own thoughts.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#56Earlier quoted context omitted.
Roughly speaking, if a company doesn’t pay a dividend, it reinvests the profits in itself which compounds its own stock price. You get the benefits of compounding stock prices that way. I think we are arguing over semantics.
It’s analogous, depending on the company, but it’s still a misnomer to use compound interest to describe stocks when by definition is only appropriate to describe a loan or deposit (e.g. principal and interest payment)
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Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#57Earlier quoted context omitted.
Hence why I said to follow the flowchart.
I also think the reddit personal finance crowd is way too focused on how to invest their existing money when almost everyone would be better off figuring out how to make more money from their day job than worrying about whether they can make 4% here vs 5% there from their existing savings. Perhaps less true if you have a large savings of over $1M already, but otherwise no.
Or cutting extraneous expenses. It's cliche, but really, making your own coffee and packing lunch can save $20-25 a day. That adds up fast.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#58Take an hour to sit in a quiet room without any stimulation. You'll learn a lot about your mental situation, and understanding where you are is really helpful for understanding where to go (if anywhere).
Cutting yourself from the world for one hour is absolutely amazing. I lately discovered the joy of simply going to a park with a book, sit on a bench and read a chapter or two. It's insanely rewarding.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#59Earlier quoted context omitted.
Hence why I said to follow the flowchart.
I also think the reddit personal finance crowd is way too focused on how to invest their existing money when almost everyone would be better off figuring out how to make more money from their day job than worrying about whether they can make 4% here vs 5% there from their existing savings. Perhaps less true if you have a large savings of over $1M already, but otherwise no.
Ok. It takes an hour though and it’s not particularly hard. I just wanted to answer OP’s question.
Re: What Is the Most Valuable Thing You Can Learn in One Hour?
#60Earlier quoted context omitted.
I agree 100%, but I would say: it is possible to learn _something useful_ about cooking in 1 hour (e.g. how to chop vegetables, or how to cook a steak). I am doubtful it is possible to have the same experience with music, although maybe one can learn things like "what is a canon".
Watch bon appetit on youtube for an hour. It's fun and you may find yourself thinking about cooking more for fun rather than a chore afterwards.
Whether cooking is fun or a chore is, I think, directly related to how much stress the rest of your life is causing you. If you’re extremely busy holding down multiple jobs just to pay the bills and feed your kids, then it’s hard not to see cooking as a chore.
A person in such a situation is going to get very impatient trying to watch most cooking videos which tend to waste a lot of time talking about things unrelated to the recipe at hand.