Many of the most valuable lessons from my time at the University of Chicago come from a class I took this semester called “Economics for Everyone” taught by Steven Levitt and John List. One of these lessons was Levitt’s 6 tips for a strong personal finance strategy.
In my economics class this quarter, my professor has often stressed to us the power of defaults. The basic idea is similar to inertia: set people on a path, and they will continue on it. This has far-reaching consequences in various realms such as financial policies, legal decisions, and business plans. However, you can also use it to improve your social life.
For those of us constantly thinking about lifestyle design, optimization is a familiar concept that we are always applying to new areas of our lives. However, these trends can intersect, leading two optimized solutions to be one unoptimized problem.
People often ask me why I go through the effort of setting up a virtual assistant like Alexa, and all the routines, groupings, and shortcuts that go with it. The answer is simple: so I can devote more of my focus to the things that matter most.