Why should you invest in a good kitchen bin?

In this episode, we explore "Measure" — a mental model for spending time and money more effectively. Based on this framework, we conclude that everyone should get a good kitchen bin and a voice coach, and that Ali probably shouldn't get a Tesla.

Spoilers

In this episode, we explore "Measure" — a theory that Taimur's cooked up about how we can better spend our time and money. Here's the main idea: 

Different things in our lives contribute value in different ways. Some things give us a short burst of high value (high "magnitude", low "measure") — e.g. going out for a nice meal. Others give us less value, but which recurs over time (low "magnitude", high "measure") — e.g. having comfortable trainers. When we think about how to spend our time and money, we have a bias towards evaluating things according to their "magnitude". But in the long-run, it's the things that provide recurring value — the things that are "high measure" — that are most valuable.  This is why spending a lot of money on a kitchen bin is counter-intuitive, but worth it. 

We talk about this theory (and its limitations), and explore different high-measure areas of our lives which we've probably under-invested in — mental health, voice training, public speaking, and a few others.

Links

  1. "Measure — a mental model for decision-making" - Taimur's blog post
  2. Simplehuman Butterfly 30L Pedal Bin – a great kitchen bin

What is this?

Not Overthinking is a podcast about happiness, creativity, and the human condition. We talk about things to help us think, do, and be better. Things like social interaction, lifestyle design, mental models... Things that are hard to examine, but important to explore. And hopefully, things that make for a fun and interesting chat every week.

Who are we?

Ali is a junior doctor and YouTuber working in Cambridge, UK. He makes videos about medicine, technology, productivity and lifestyle design. His links: YouTube, Blog, Newsletter, Instagram

Taimur is a data scientist and writer, working at Retool, an SF-based startup. He writes on his blog and as a columnist for Medium. His links: Blog, Twitter, Medium, Instagram

Hosted by Ali and Taimur Abdaal.