Joe Pinsker

speaker

1,247 appearances 30 recordings 1 series first heard Oct 2022 last heard Jan 2025

Joe Pinsker’s voice in public audio — every appearance, attributed to the second.

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WSJ Your Money Briefing · How Investing in Time, Like Money, Can Build Wealth · 30 Jan 2023 podcast

People have been anxious about misusing the limited time they have on Earth for quite a while now. voice-verified

I was in touch with a lexicographer named Corey Stamper who pointed me to one of the early examples of a poem that combined the verb spend with the word time. voice-verified

And the line from it now translates to something like, the lifetime that I've been lent in idleness I have spent. voice-verified

So people have been feeling guilty about this for quite a while. voice-verified

And that poem goes back to the 14th century. voice-verified

A middle English lesson, to be precise. voice-verified

Yeah, when we think about time as one of our big, important, but very scarce resources, people are in a way born rich with time and then spend down their fortune of it as they progress through life. voice-verified

And time, unlike money, isn't going to grow over the course of your lifetime. voice-verified

But there are ways to try to get time to pay out a similar kind of interest over time. voice-verified

When we think about what we do with time, the verb that we usually use is spend. voice-verified

And what I wanted to do in my article is think about what it would mean if we applied a different verb. voice-verified

And there were some researchers I was in touch with who study time and happiness. voice-verified

And they think that if we think of time as something to invest rather than just spend, that might help us use our precious hours to build up a wealth and fortune of fulfillment and meaning that... voice-verified

would sustain us for the rest of our lives. voice-verified

Well, one way to think about this is that if you start thinking of time as an investment and something that pays dividends down the line, it can shift your perspective to start thinking much longer term. voice-verified

recent study I came across while researching this story that indicates that people who think about the time they have over longer periods, so if you're thinking about time in terms of years or a lifetime, those people tend to be happier day to day and also just more satisfied with their life in general. voice-verified

And so maybe if we start thinking about time as something to invest rather than to just spend, we'll start allocating it towards things that are just more closely linked with long-term happiness. voice-verified

Absolutely. voice-verified

You want to make sure that you've invested time properly over the course of decades so that later in life you don't look back on it and regret not allocating your time more wisely. voice-verified

One researcher I spoke with, Hal Hirschfield at UCLA, he specializes in thinking about how we conceptualize our future selves and he brought up an example of this from his own life. voice-verified

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