Financial thinking is often used in many places because of its quantifiable, tradable, and leveraged characteristics.
For example, the two classic dimensions of consumption and investment are often used by us on time, who makes time = money?
Time can also be used to consume and invest, if it is purely for the experience of the moment, it is consumption, if it is for future gains, it is investment.
As for whether the experience counts as revenue, whether the revenue counts as an experience, there is no need to subdivide it so much.
However, in different scenarios, the use of theory can be expanded, and the use of time can actually be subdivided, life is just a few decades, and the answer to where you spend your time is too much, and we can also subdivide it into: consumption, waste, production, and investment.
Consumption is to gain experience, then production is to create value, and the difference between it and investment is the present or the future.
For example, if you take time to work for a day, earn a day's salary, it is generated, and start learning new skills after work, which is an investment.
If you go after work and take the time to attend a class, only to find out that you didn't learn anything, you didn't understand anything, that's a waste.
Of course, people are subjective animals, and a lot of waste can be explained as "experience".
But there are also high and low experiences, the experience of dopamine is not as good as the experience of endorphins, and the pleasure based on instinct is not as good as the experience of accomplishment that comes from the challenge.
And whether the time wasted due to poor decision-making can be interpreted as experience depends on whether you make a better choice during this period of time.
For example, when you buy a ticket and enter the cinema and find that the movie is ugly, will you continue to watch it so as not to waste a few dollars of movie tickets?
If you stick to it, then an hour and a half in the cinema is wasted, because that hour and a half you have better entertainment options.
In fact, we can also look at learning from another perspective, and learning can also be divided into four types of learning: waste, consumption, investment and production.
There may be many reasons for wasted learning, that is, the time spent is zero, there may be many reasons, such as choosing the wrong course, learning method is wrong, learning enthusiasm is not high, or learning is a kind of self-comfort.
What about consumption-based learning? The column I listen to every day is consumer learning, and every day I listen to what's going on in my field of interest, get some new information, and open up some new horizons.
But this information and knowledge doesn't help me much, and I don't plan on doing anything with it.
Many times people will ask why they have read so many books, but their income is still not high, and their lives are not good? Because what they call reading is consumer learning.
The purpose of consumer learning is not to learn things, nor to open up any horizons, but to enjoy the joy of gaining new knowledge.
Since the purpose of learning is to be happy, this kind of learning method will also extend to the circle of friends, write about the feelings after reading, and make friends through reading.
The opposite method of learning is production and investment learning, and production learning can be seen from the example of going to work, in fact, reading for the sake of work, for what to create.
For example, I listen to the interpretation of some books every day, and those readers read books with the purpose of creating such a manuscript to deliver.
The opposite is long-term, purposeful learning, which is investment-based learning.
Investment is the expectation of value in the time dimension, and your current learning behavior is against the clear expectation of future gains.
Learning a skill, taking a course, and reading books in a certain field are all about having a clear expectation of your future self, and having an expectation is an investment.
Of course, some learning methods are very vague, and it is difficult for you to distinguish which category it belongs to, such as reading, reading can be a waste - I just take a photo, or it can be consumed - I am very happy to watch**, or it can be generated-I write a review after reading, and it can be an investment - every work has the possibility of opening your horizons.
It is not necessarily right to classify learning, after all, everyone has a different way of learning, but the perspective of classification can help us better understand the matter of learning, so as to adjust the learning path that best suits us.