"Suppose you’re 20 years old; at this age, **you can afford to wait a year or two to have an experience, because you can typically have the same experience later**. Therefore, your personal interest is low—someone doesn’t have to pay you much for you to be willing to delay the experience. Let’s say you wanted to take a trip to Mexico this summer, but your boss said to you, “I could really use you here this summer. I know you wanted to take this Mexico trip, but would you consider taking it next summer instead? I would pay you x percent of the price of the trip to do that.” Okay, interesting offer. So how high would x have to be for you to agree? 10 percent? 25 percent?" ([Location 1631](https://readwise.io/to_kindle?action=open&asin=B07T5LSF1J&location=1631)) --- **Tags** -- [[quotes]], [[personal interest rate]], [[time-value-of-spending]] , [[personal-values]] , [[essentialism]] **Source** -- [[202408061202 - B - Die With Zero]]