I would do the shower thing for somewhere between USD$100 and USD$500 per day. ($100 is probably not enough, $500 definitely is.)
One learning about money is that looking at investments daily makes me unhappy and that for me the "asymmetry of happiness" is real - that losing $100 makes me more unhappy than winning $100 would (and it's not just about the non-linearity of the value of money, but it may be an endowment effect). So in circumstances where good and bad things are both likely to happen relatively frequently I try to "smooth out" the frequency by checking less often. On Fri, 26 Jan 2024 at 07:52, Huda Masood via Silklist < [email protected]> wrote: > Tell me then, in what other areas of your life have you applied the new > learnings with money? > > I find the human relationship with money extraordinarily interesting. My > current social experiment is asking how much could I pay them to take a 3 > minute cold shower every day, for a whole year. No hot water before or > after. > > I’ve had no takers so far. Everyone wriggles out with some condition or > the other. No amount of money is incentive enough. > > But they’d happily do it if family was in danger or they could work half > time for the same pay. > > I find that very telling. > > Huda Masood > +91 9886796967 > > > On Thu, 25 Jan 2024 at 18:27, Christopher A Kantarjiev via Silklist < > [email protected]> wrote: > >> On 1/24/24 10:16 PM, Udhay Shankar N via Silklist wrote: >> >> > Very interesting thought. The most thought-provoking part is "changing >> > your mental model" which resonated with me, because the mental model >> > which causes this to be an issue in the first place is "Am I being >> taken >> > advantage of?" (which is completely different from "Can I afford this?" >> > which requires a separate thread, I think.) >> >> Yes ... I grew up in a household where my father tracked every penny of >> expenses and basically invented a double-entry bookkeeping system so he >> could resolve his cash accounts Sunday night. I guess it was "fun" for >> him, but hell for everyone else when he wandered the house saying "where >> did I spent twelve cents?". >> >> It came both from a history of not having enough (he lived through WWII >> in Germany) and a fear of being taken advantage of ... which I, somewhat >> unfortunately, inherited. >> >> Those two things were very intertwined in my attitude towards money, and >> this experience was a big step in learning to let go of them. >> >> >> -- >> Silklist mailing list >> [email protected] >> https://mailman.panix.com/listinfo.cgi/silklist >> > -- > Silklist mailing list > [email protected] > https://mailman.panix.com/listinfo.cgi/silklist >
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