The Rich Don't Penny Pinch

In this episode I talk about penny-pinching, which I take to mean any kind of nit-picking or hyper-detailed behavior, that I argue leads to bad long-term outcomes. Penny-pinching is when we try to use all the information available to weigh pros and cons, and make some informed decision as how to best act. I will argue that while this might make us feel better in the moment, and sound smart to others, it's in fact more often than not, unintelligent because it doesn't take into account how things play out over the long run. I use the term "rich" in this episode to mean any kind of prosperity whether that's money, family, friends, contentment. What's important to understand here is that when I say the Rich Don't Penny Pinch, the non-penny-pinching behavior came before the person got rich. It's an approach to life that is high-level, approximate, and often looks "dumb" or "uninformed" in the moment, yet leads to truly successful outcomes.Support the showBecome a Member at dekyon.io/seanmcclure/nontrivialPremium members get access to the full member app. This includes data visualizations of the core concepts in each episode, a Study Space for learning fundamentals, and premium articles on Techniques and Mindsets.Members can also save personal notes, explore episode summaries and transcripts, search across episodes, track watch history and progress, and participate in the community forum. Premium membership includes ongoing support.