Puri: Denominate Savings in Time of Freedom Rather Than Nominal Dollars
Shaan Puri · How I Made My First $1M - The Andrew Wilkinson Story · Jul 5, 2024 · at 5:09
Sean Puri explains his mental model for assessing early savings and financial runway during a discussion on My First Million.
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“That's a powerful thing to do is change the denomination into time instead of money. So, you know, if you have 24,000 dollars or 36,000 dollars or 90,000 dollars, it's kind of like Chuck E. Cheese money. It's tokens that you don't really understand what this does for you. And what most people do is they just sort of keep working blindly. They'll put it in the bank and then they don't really know how to use it, what to do with it. A more important question is how do I get myself a year of freedom or 18 months of freedom where I could either just go enjoy myself purely or go take a shot at Creating a new life for myself, a new chapter, a new path for myself.”
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