Will you buy a house or rent? Live close to work or further away?
Do you want a pet? Multiple pets? What kinds?
What about a child, or multiple kids? Will you wait until you're in a stable relationship to get pregnant?
Will you see friends or family every week? Less often? Not at all?
How
many hobbies will you have, and how much time will you spend on
them?
We don't usually think of it this way, but when we make
these decisions we are deciding how much free time we will have. You
get to choose!
What inspired this post is the vibrant debate in the personal finance community about
whether it makes sense to hire a housecleaner. Some are violently opposed. Obviously, being time-rich makes it easier to make choices on principle, whether it's cleaning your own house, living with one or no cars, or cooking your own meals. The time-poor have less slack, due to their choices.
Some choices are more easily reversible than others. Once you've decided to have three kids, two dogs, and live in a big house an hour from work, it's going to be hard to impossible to get back to having more free time.
Are those bad choices? Eh. Everything's a tradeoff.
The more I write about this, the better the analogy between time and money seems.
“But I can't sell my house, I'd lose
a fortune. And I can't give away my dogs! And of course I can't
abandon my kids.”
Actually, you can. People make these
choices every day. They don't make them without cost, or effort, but they make them.
Now don't confuse the statement that you CAN do something with the statement that you SHOULD do something. Of course you shouldn't abandon your kids, or give away your pets (exception for vicious dogs). But making that mental step from thinking of your life as your fate, to thinking of it as your choice, is crucial.
