Monday, June 24, 2013

Time Vs Money Paradox



Problem:

I'll assume you're working hard to get along in life and probably won't die anytime soon from natural causes.  So what if you suddenly found out that you were going to die soon.  Would you be happier?  If the answer was yes, why would you probably not want this to occur?

Keep in mind you can have whatever wealth you currently have (or debt you can get into) and probably won't die literally tomorrow, you might have six months.  People make movies and songs about how touching this is, everyone will have to treat you as if the world revolves around you (at least until you're dead or miraculously recover), you can probably quit your job and get the first real vacation of your life, and you can pretty much just live it up for a short period of time.  So yeah, you'd probably be happier in some ways.  The stress is off!  You can't save yourself, the future is written in stone and you can party until it gets here.  Don't get all existential on me yet and start moping for no reason!


Solution:

Just kidding, this is a philosophical paradox, there's no solution.  This was just a thought running through my head.  It's really just a special case of the Time/Money paradox.  I don't know if this is a real thing, but I assume it's obvious enough that it is.

Basically it's stated as, "You can live as if there's no tomorrow and have the best days of your life for a short while. (But you'll have ruined your chance at a future.)"
Or, "You can live as if you'll live for a very long time and slave away and live like a miser, but one day you'll be able to relax."

This is basically the exchange rate between time and money and people tend to stick with the second answer.  At least those with hope for the future.  Don't hear many success stories from the second group except for artists who dramatize it.


Musings:

I already cheated and got into my musings in the Solution, but it all kind of meshes in here.  The question isn't which path you'll take, people seem like they make the choice pretty easy.  It's basically a bet about how long you plan on living.  Is putting money in that 401K worth it?

Of course, if you're filthy rich, this would bring a special case of being bored and rich vs. being able to taste life more fully, but I suspect this may simply be a movie trope or just a simple choice that slackers deal with every day.

The real question here is philosophically speaking, *why* exactly would you want to keep on living a life where you have to work before you can retire, if you can afford to do that at all.  Of course, there are a thousand reasons, otherwise there would probably be a lot more suicides or a lot more people doing actions that blatantly bring on an early death (oh wait, that's called the American lifestyle).  But you know what I mean.

Will the average young person be able to retire?  I've done the math and unless you're really counting on a top 10% or better paying job, saving very well, and some amazing investing, you won't get much retirement income, social security or not.  And what if you die before you get there in a car crash?

But the real distillation is after you boil down your chances, what is so much better about living?  Because you'd have to find it in your everyday life.  You can't find it in that potential future, because if that's what you're counting on, your priorities are screwed up.  It's an exchange rate, trading now for the later.  You can't really go too extreme one way or the other.  I mean, you can, but it's probably not for the best.

Just by simple odds, you'll probably see success stories on both sides (as long as someone can write a good enough eulogy for the fun who die young).  But if you weigh it in your mind, are you setting a decent exchange rate for yourself?  If you died tomorrow would you massively regret something?  What is in your future that is worth living miserly for?  Hopefully not so you can just afford a nice nursing home.

The answer probably is that if you're normal or within a couple standard deviations thereof, the answers are simple and and answers are trite and if I told you what I thought, you'd laugh and tune me out.  Because the answers aren't logical because feelings aren't logical.  The only way to answer someone is to give them a nonsensical or contradictory statement that defies logic.  That's basically what a trite statement or paradox is.

I'm not even sure why they make sense, because they don't to my logical mind when you try to break it down like a Lego and build a better you with it.  But they do, if you're willing to let an emotional you at it.  Like the kind of person you become if you stay up late enough (or drugs would probably do, but I'm not familiar with them).  But if the movies are correct, they'll probably do the trick, though I wouldn't recommend it as you might end up a little too far in left field.

Besides, I don't want to give you an answer, that would defeat the point of the question. Another trite but true statement comes to mind, but I'll avoid that one too.

(I'll leave one last note.  If you can solve the question without much thought, you're cheating with the cheap and easy answers like God or my family or my life is SO amazing right now.  In this case, maybe stay up a little later and stop being so logical.  Or maybe you're just that lucky and this post doesn't apply to you at all. That's pretty awesome, you'd better get back to that amazing life of yours.)

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