QUOTE : Sixth, how much money or other people’s time do you need? Do you want to slave away for all 79 years of your life expectancy? Work up millions of dollars worth in time and then die, never getting to spend it or enjoy it? Or do you want to have a little fun in life? Go travelling, eating good food, driving fast cars, and imbibing in quality booze? Life is not about slaving away and working all the time. It is about enjoying life and living it. But you cannot just have fun all the time, just as you cannot work all the time. There has to be a balance. This is what economists call the “leisure labor trade off.” Every hour you work is one less hour you can spend on leisure or enjoying yourself. And every hour you spend on leisure is one less hour you can spend on labor. There is no right or wrong balance as it is up to the individual tastes and desires of each person, but if there is an observation I have had in my two decades of economic experience it’s that humans tend to OVERVALUE labor and UNDERVALUE leisure.