But it does not tell you that :
- For the homeless 100$ is a bliss,
- For the billionaire 100$ is a rounding error.
But everyone has the same amount of time (more or less). And nobody knows how much is left.
- For the homeless 100$ is worth one month.
- For the billionaire 100$ is worth one breath.
But, no matter how you look at it, for both, 5 min remains 5min.
That's why I use economics and mathematic rules on time, and not on money.
33cl or Coca-cola cost 2$, or for most people, 10 minutes. If you take the habit of drinking 1 bottle per day, your habit cost your approximatly 3 days/year.
If your car cost your 1 week per month, and you decide to sell it, how will you spend this new free week per month ? How will you spend the 2 whole month of free time it gives you per year ?
What about smoking Tobacco ? going to the Restaurant ?
Once you master doing it for yourself, change your mind about business and
stop asking : how much your customer value is time ?
start asking : how much your customer value his money ? (50 000$ might worth a breath)
A trade is a transfer of time between two entity.
Given this new definition :
A fair trade is not about receiving as much money as the value of time you spent.
A fair trade is about receiving as much time as the other party is giving you.
So when defining the price,
stop asking : how much money is it worth ?
start asking : how much time is it worth ?
(This is a not so new idea, used by the movie Timeout... but this movie is not worth 1H50 -price of ticket + time to see it-)