Let’s think for a couple of minutes about what to do if you get a time windfall. If all of a sudden due to some circumstances, job change, a move, a pandemic or something, you all of a sudden have more free time.
One of the principles I want to bring to bear is what to do if you have a financial windfall. One of the things that you ought to do, for instance, if you get a raise of 5% is don’t raise your standard of living by 5%. You should raise your standard living by 2.5% and save or invest the surplus. So you never increase to the same level of your financial gain. You try to always save a portion of that gain.