People profit from complexity, but some of the most successful investors prioritize their return on hassle (ROH), even over their ROI. We dig into the age-old debate of trading our time for our money and explore how complexity can make us become an employee of our own wealth. By shifting our focus from complex optimization to intentional simplicity, we can stop paying a “hassle tax” with our lives. Let’s look at why the best-performing portfolios are often the most invisible ones and how you can audit your own financial and personal decisions to reclaim your mental bandwidth.
Andrew joins this week’s podcast as we talk about:
– The return on hassle formula
– Why we should weigh our money against time, brain damage, and stress
– The relationship between ego and complexity
– Real-world examples of trade-offs we make between time and money
– Why we stepped back from traveling hacking
– Three questions to ask yourself to assess return on hassle
Show References:
- Book: The Psychology of Money
- Book: The Simple Path to Wealth
- Inside Out Money episode #003 – How and why to invest in index funds
- Inside Out Money episode #039 – What’s in Our Wallet? Our Index Funds and Accounts
- Inside Out Money episode #111 – How to handle a windfall – protect your future fortune
- Inside Out Money episode #120 – The humility hack – how less ego can lead to more money
- Inside Out Money episode #135 – The Get Rich Quick Trap – Why Slow and Boring Wins the Money Race
- Inside Out Money episode #058 – Breaking Up With Your Financial Planner – Why and How to Do It
- Inside Out Money episode #019 – Rental property management – why and how we self-manage
- Inside Out Money episode #013. Are we quitting travel hacking?
- friends on FIRE podcast #015 – Expense Tracking Gone Wild
- The Psychology of Money with Morgan Housel – This video features Morgan Housel discussing how personal behavior and simplicity are far more important to long-term wealth than complex financial maneuvers.
- Mad Fientist podcast episode – Learning How to Spend Money (While Enjoying Every Dollar Spent)
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