Also, just talking to a younger family member: he says he spends 60 minutes+ a week reviewing his personal finances and also checking his investments, student loan repayments, and planning. It is all about saving, seeing how things are tracking, and “biding time”.

Great writeup. I know many people who spend a great deal of time pathologically trawling /r/personalfinance and trying to optimise their “investments” to squeeze out the last bit of fiat gains.

— From the article:

“I calculate that this financial worry cost New Zealand $18.8 billion in 2022 - about 7.5 percent of GDP.

Bitcoin fixes this because, as has been discussed elsewhere, saving in bitcoin alleviates the need to run faster and faster on the fiat treadmill. What need is there to research stocks, and engage in other financial gambling when on a long enough time horizon, bitcoin is going up forever?”

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