Best Use Theory
26 Feb 2024 · 1 min

0:33
A Las Vegas cottage on the Strip would be wasteful because the land's best use is a casino. Apply this to your time: focus on work that pays the most per hour, and stop doing everything else.

A Las Vegas cottage on the Strip would be wasteful because the land's best use is a casino. Apply this to your time: focus on work that pays the most per hour, and stop doing everything else.
Best use theory is basically stating that, like, the best way to explain this is in— if you put a one-story cottage in the middle of Las Vegas, you'd be like, that's insane, why would you do that? The best use of that cottage, that land, is to knock it down and build a casino. That's the best use of land in Las Vegas if you want to make money, is a multi-level hotel or a multi-level casino. That's what you should build in Las Vegas. That's the best use of the land because when people go there, that's what they want. So applying that principle to business, it's what is the best use of your time? What is going to give you the maximal income for your time?