It's probably Pomp's blog where I first read about the "time billionaire" concept. In fact, that was Graham Duncan who first used it, but whatever. The underlying question is simple: 

If you had the opportunity to switch places with Warren Buffett, would you do it? You could be one of the richest people in the world. But you would also have to be 90 years old.

The answer is no because your key resource is time. So it would be best if you pressed this advantage to the fullest and think in terms of decades. And then use your status as a time billionaire to become the actual dollar-priced billionaire. As a time-billionaire, you have nothing to lose. 

For my ears, it's a tough sell during the bear market. 

Well, so I am a time-billionaire. And this Tim Urban picture is also a friendly reminder of all the happy days ahead. Being a time billionaire is a pleasant state of mind for an hour or so, but then reality strikes back. With all this time on your hands, the biggest challenge is to find the confidence to spend it right. Yes, with enough time, you can recover from any mistake, but each miss comes with the price of your spirit. As a time billionaire, you have nothing to lose except control over your emotional state. 

Time and time again these days, I feel like going back into content production. I wasted so many years on it, and before the start of the war, I was pretty confident that 2022 might be my most successful financial year. Then, in late February, everything fell apart – including the production industry in Russia. While there was a glance at an option of quickly relocating to Europe, the frozen investment accounts a few days later made using any USD/EUR-denominated savings impossible. So, with a small amount of money and without a job, I landed myself in crypto full-time, looking for something to do. That also turned out to be a sketchy decision: we gathered a team and developed several NFT concepts, one of which came extremely close to being widely released – you know the drill. Then the current bear market came, and the fear of being instantly buried by the hands of our more successful counterparts in the NFT space. And then the money was gone. Nice.

Now I'm sitting here thinking, "yeah, I'm maybe a time-billionaire guy, but it makes me extremely unhappy right now – and perhaps it'll be a nice idea to do a Freaky Friday with Buffet." Maybe with all these wealth and connections, I'll finally be able to enjoy life for a second and stop constantly putting down all the enjoyable things in life for the sake of "slowly compounding wealth." Then I'll finally have the opportunity to visit my friends who left the country, make people I love happy, and help others I don't even know. Maybe that's when my life will have meaning. It's not essential whether you're a time billionaire or not if you are still crushed by that abundance of time on your hands. It feels like life moves on without you.

In time I made peace with these thoughts. I spend most of the time nowadays learning. My spending habits are relatively small, so for now, I don't need to rush to the job market and apply for a courier position or drive an Uber or something. I have enough to eat and sleep well, so my focus is to study things I feel like I desperately need to get up to speed with**:**

• Basics of product design

• Coding and basic mathematics 

• How to invest not like an idiot

So I'm compounding things. Even though I already sense how impactful these things are in my workload, I don't feel like I've achieved anything substantial. Sometimes I imagine myself from the outside view as a sad person sitting in the room all day studying stuff. So I hope someday I'll embrace this process as fruitful and make amends with myself from the past. All I have now is time. I guess I should be a little more patient, deal with my motivations and enjoy life's simple available things more often. And maybe I didn't have time to rest after my last full-time job. I don't even remember when I took a proper vacation without being distracted. But that's for another time. 

Ultimately, it's not about just “being a time billionaire is great” but rather about having the confidence to spend it on essential things, not being afraid of waiting, and stoically embracing the fact that maybe this particular moment is not yours. But there always be another one. That's the burden of a time-billionaire: to expose yourself to an unlimited amount of mistakes – and having the guts to walk past them and learn from them. 

Talk to you soon.

It's probably Pomp's blog where I first read about the "time billionaire" concept. In fact, that was Graham Duncan who first used it, but whatever. The underlying question is simple: 

If you had the opportunity to switch places with Warren Buffett, would you do it? You could be one of the richest people in the world. But you would also have to be 90 years old.

The answer is no because your key resource is time. So it would be best if you pressed this advantage to the fullest and think in terms of decades. And then use your status as a time billionaire to become the actual dollar-priced billionaire. As a time-billionaire, you have nothing to lose. 

For my ears, it's a tough sell during the bear market. 

Well, so I am a time-billionaire. And this Tim Urban picture is also a friendly reminder of all the happy days ahead. Being a time billionaire is a pleasant state of mind for an hour or so, but then reality strikes back. With all this time on your hands, the biggest challenge is to find the confidence to spend it right. Yes, with enough time, you can recover from any mistake, but each miss comes with the price of your spirit. As a time billionaire, you have nothing to lose except control over your emotional state. 

Time and time again these days, I feel like going back into content production. I wasted so many years on it, and before the start of the war, I was pretty confident that 2022 might be my most successful financial year. Then, in late February, everything fell apart – including the production industry in Russia. While there was a glance at an option of quickly relocating to Europe, the frozen investment accounts a few days later made using any USD/EUR-denominated savings impossible. So, with a small amount of money and without a job, I landed myself in crypto full-time, looking for something to do. That also turned out to be a sketchy decision: we gathered a team and developed several NFT concepts, one of which came extremely close to being widely released – you know the drill. Then the current bear market came, and the fear of being instantly buried by the hands of our more successful counterparts in the NFT space. And then the money was gone. Nice.

Now I'm sitting here thinking, "yeah, I'm maybe a time-billionaire guy, but it makes me extremely unhappy right now – and perhaps it'll be a nice idea to do a Freaky Friday with Buffet." Maybe with all these wealth and connections, I'll finally be able to enjoy life for a second and stop constantly putting down all the enjoyable things in life for the sake of "slowly compounding wealth." Then I'll finally have the opportunity to visit my friends who left the country, make people I love happy, and help others I don't even know. Maybe that's when my life will have meaning. It's not essential whether you're a time billionaire or not if you are still crushed by that abundance of time on your hands. It feels like life moves on without you.

In time I made peace with these thoughts. I spend most of the time nowadays learning. My spending habits are relatively small, so for now, I don't need to rush to the job market and apply for a courier position or drive an Uber or something. I have enough to eat and sleep well, so my focus is to study things I feel like I desperately need to get up to speed with**:**

• Basics of product design

• Coding and basic mathematics 

• How to invest not like an idiot

So I'm compounding things. Even though I already sense how impactful these things are in my workload, I don't feel like I've achieved anything substantial. Sometimes I imagine myself from the outside view as a sad person sitting in the room all day studying stuff. So I hope someday I'll embrace this process as fruitful and make amends with myself from the past. All I have now is time. I guess I should be a little more patient, deal with my motivations and enjoy life's simple available things more often. And maybe I didn't have time to rest after my last full-time job. I don't even remember when I took a proper vacation without being distracted. But that's for another time. 

Ultimately, it's not about just “being a time billionaire is great” but rather about having the confidence to spend it on essential things, not being afraid of waiting, and stoically embracing the fact that maybe this particular moment is not yours. But there always be another one. That's the burden of a time-billionaire: to expose yourself to an unlimited amount of mistakes – and having the guts to walk past them and learn from them. 

Talk to you soon.