HOW TO SLOW DOWN TIME
Time is WHAT YOU MAKE OF IT
Time is a fascinating subject and my first step to understand it started with physics.
Time slows down as you travel. It certainly does for a Cyclist compared to the Banker that stays in the office.
We have all heard, that according to the twin paradox, the travelling twin will be younger than the one that stays on earth, when they both meet again.
While the outcome has been validated, it’s only half of the story. What I find fascinating to grasp intuitively is the asymmetry in this theory.
Because in Einstein’s Special Relativity, it is equally true that the twin on earth observes his time slowing down relative to the twin that is in the spaceship. How can both be true, at the same time?
It took a Coursera course to understand the nuances – thanks for this fascinating journey, Larry. If you are curious, without going into too complicated math, and have spare time in your early retirement it’s definitely something to put on your ‘bucket list’. If you would rather have a fast version, here is the 5-minute video (although less elegant than the one not using General Relativity, I find)
Beyond Physics - Time slows in your brain
But we’ve all witnessed this phenomenon – why is it that we remember holidays as lasting much longer than they were, but felt like it past by so quickly when we were actually there?
Why do we remember lyrics of music that was playing when we had an accident?
THE LONGEST DAY
Looking back at some experiences on my bike it seems like it took an eternity. Yet, it happened really fast.
Even that November day when I started cycling before 4am, in light rain, through stunning Taroko National Park, Taiwan.
I remember every minute of the morning ride, that started at sea level. I heard ‘flying rocks’, falling off vertical cliffs mostly covered with marble, with close to no visibility below 2,000m (6,500 feet).
The day finished with one of the best sunsets I’ve experienced, above the clouds and at over 3,200m.
Today, this day feels like one of the longest in my life. Certainly the longest on this trip, where so much has happened.
So many people. So many experiences. So many memories.
HOW CAN WE SLOW DOWN TIME?
Here come two lessons, I deeply share, from two different cyclists.
The first, from a fellow cyclist and NY Times bestselling author, Jedidiah Jenkins has looked into why, we cyclists, feel like our journey is so much longer and valuable than years or relatively ‘stable’ life.
The second, from a friend of mine that had interesting observations, too. All cyclist share these feelings of meaningful (but short) interactions with people we encounter.
#1 FEAR IS AT THE CORE OF IT
Our brain works faster when endangered or facing new experiences – on a bike you rarely know where we will sleep, what we will eat, what weather conditions will be thrown at us and what encounters we will make.
We adapt and take calculated risks. We understand that making plans is vastly over-rated. That’s why cyclists rarely do them.
In Japan, I felt relatively safe to pitch my tent anywhere. In Tasmania you had to watch out for spiders. In Tibet, there was no certainty I would be able to sleep at all (more on that another day)
Yet, the most interesting conclusion from academic research on this topic is that time slows down when we face experiences that are tied to our personal hierarchy of values, to our identity. And that is a deeply individual matter related to confronting our fears – doing things that stress us out.
Or, as Jedidiah Jenkins (in the video below) puts it: “Knowing that you never arrive to identity, always uncovering and to pursue actionable steps in discovery of that identity, you will make these grounding identity anchors – these memories that make Time feel dynamic, rich, real”
A MUST-WATCH 15-minutes recipe on how to slow down time
#2 IDENTITY-FORGING ENCOUNTERS
Expectations can play their part, too.
When you travel on your bike you are extremely fragile. People appreciate that but also know that the encounters we make are short-lived. That is also what makes them precious.
The fact that both sides know that we will, most likely, never see each other again means the topics are so much deeper and enriching.
To quote a cyclist friend that spent time looking into this topic:
‘A few hours encounter, sometimes even shorter, paradoxically, feels to me much more meaningful, than chit-chatting for days with my friends back home. I get to know human nature. What makes us similar and our cultural differences’
Cyclists usually value time and follow without sometimes knowing it, the Stoic principle that the whole future lies in uncertainty – live immediately and make the most of it.
I think of experiences that illustrate that e.g. when meeting a fellow Italian cyclist in New Zealand, where we both knew that our paths will separate sooner rather than later. Interestingly, some of such connections remained. Perhaps, because of the initial expectations.
HOW CAN FINANCIAL INDEPENDENCE HELP?
Compounding value of memories
We are all wired differently and our life circumstances can be vastly different.
But some things are not relative – the growing value we put on memories as we age.
I may be biased, but millennials have it right by valuing experiences over ‘stuff’. Freeing up time to capture them can come at a relatively low cost of financial discipline.
FINANCIAL INDEPEnDeNCE MEANs ANTIFRAGILITY
At its core, the Financial Independence movement’s values are aligned with my beliefs in two ways:
- Happiness, above a sustainability level, is largely uncorrelated to wealth. Spending time on experiences that matter is not so much dependent on money as most people think.
- But aiming for financial antifragility, to quote Nicholas Taleb, is key to help capturing opportunities.
Financial fragility is debt. I think that saving money is at the core of Financial Independence – a movement of Wise Savers, not Smart Investors.
By the end of 2018, I ran my idea of cycling the world through a Fear Setting aka Stoic Regret-aversion Matrix. Now, I was ready to cycle the World – a decision I was delaying for some time because of various fears.
Having financial reserves allowed me to grab the opportunity (or, to be perfectly honest – to at mentally secure, at least from that perspective, because the trip itself was one of the cheapest years in my life)
Life throws at us challenges and opportunities and having time to benefit from the latter requires ability (also financial flexiblity) to do so.
Being financially independent means being antifragile to (most) random events and benefiting from them.
Identifying experiences that are core to our identity is key. So is discipline around saving money and following the right principles that will end up creating more opportunities for memories that matter.
And investing may, more often than not multiply those opportunities.
Good Luck and keep’em* rolling !
(* Wheels & Dividends)
- Twin paradox using only the Special Theory of Relativity, Larry Randles Lagerstrom ‘Understanding Einstein: The Special Theory of Relativity’, Coursera
- Twin paradox using the General Theory of Relativity, Physics Girl
- Surviving the Taroko Gorge: In Taiwan, meditative moments numerous on world’s most treacherous road, May 2017, National Post
- Jedidah Jenkins, ‘To Shake the Sleeping Self, A journey from Oregon to Patagonia and a quest for life with no regret’, December 2019, Penguin Random House
My fundamental reviews of Equity ETFs and Asset Allocation include:
- Investor Checklist - Ready to Invest? Have a look at the checklist before buying ETFs
- How to build a Long Term Portfolio for Financial Independence - Guide to creating a Smart & Simple Long Term Portfolios with ETFs
- All you need to know about International ETFs - including Developed vs Emerging Markets, Small vs Mid/Large Caps and country allocations with List of Best ETFs
- The Simplest Equity Portfolio - Comparison of Best Total World Equity Index Trackers
- How to pick the perfect ETF? - Investing in Europe is not quite the same experience as in the US but this guide will solve all your issues. Spoiler - don't use TER! (applies to US Investors as well)
- Which Assets do I need in my Portfolio? - Clean up your portfolio from assets you don't need. High Performance and low maintenance Asset Allocation Strategies
- How do I benefit from a market crash? - In the long run no crash (including Japanese style) can derail you if you do it right
- How to Invest for Short Term goals? - Medium Term Investing is more risky than long term portfolio - pay attention to the right asset classes
My fundamental reviews include:
- Spectacular Market Crashes - how much can you lose? How long will it take to recover? How to take advantage of the next recession
- What if my Broker goes Bust? How to choose a Broker that is safe
- What is the best rebalancing method? How to increase returns and reduce risk by rebalancing your portfolio
- What about currency risk? Should I hedge my Portfolio? - Hedge or not to hedge? Guide to hedging currency risk in your Equity and Bond ETFs
- Should you buy Gold? - Is it necessary to have an asset that generates no yield? What really drives Gold price?
- International and European Bond ETFS - For Long Term International Investors Bonds are key to protect their Equity Portfolios
- US Bond ETF Guide - Comprehensive Review of Blend Bond Funds, Treasuries, Corporates, High Yield, Inflation Linked, Muni ETFs
- Top 3 Corporate Bond ETFs - If you want to increase income buy these ETFs to invest alongside the FED [for US Investors only]