Mike Andes explains his personal philosophy of prioritizing time over luxury spending. He argues he prefers to spend money on saving time rather than on frugal accumulation, and gives the example that purchasing a plane could be justified if it returns more time value than its cost.
I've made the conscious decision to not spend my money on luxury, but rather spend it on something that I feel is the most valuable asset or thing that I have, and that is time. However, it's not about frugality. It's about taking the one thing that I have a very limited resource of, which is time. And unfortunately, so often the times when we are young, we do not realize the true value of time until we are much older. And so now there might actually come a day where it will make financial sense for me to have a plane. And yes, that. That is a plane right there. Because if that plane gives me more time than the money that I spend, that would be a transaction where time, in my mind, would actually win out. And so now.
