You make a few different points, and I’ve tried operationalizing two of them.
Time is expensive:
when considering a job, estimate how much time you’ll be able to take off from it and when you’ll be able to retire, and what you’ll do with that time
do this estimation for a lot of jobs, even those that don’t seem appealing, to find the opportunity cost of the ones that do seem appealing
I don’t mean I’ve actually done these, not yet anyway. I just read the article.
Another point was, comparative advantage:
Observe time usage and look up costs to hire people to do what I’m doing
Look up ways to turn time into money. I’m getting paid a fixed stipend, but there must be TA or tutoring opportunities
With that information at hand, I can recognize the opportunity to, for example, trade my cleaning time for tutoring time and keep some cash
You make a few different points, and I’ve tried operationalizing two of them.
Time is expensive:
when considering a job, estimate how much time you’ll be able to take off from it and when you’ll be able to retire, and what you’ll do with that time
do this estimation for a lot of jobs, even those that don’t seem appealing, to find the opportunity cost of the ones that do seem appealing
I don’t mean I’ve actually done these, not yet anyway. I just read the article.
Another point was, comparative advantage:
Observe time usage and look up costs to hire people to do what I’m doing
Look up ways to turn time into money. I’m getting paid a fixed stipend, but there must be TA or tutoring opportunities
With that information at hand, I can recognize the opportunity to, for example, trade my cleaning time for tutoring time and keep some cash