The Golden One - A Note on Parenting and a Case for Monarchy. Low Time Preference vs High Time Preference

00:00:00.000 Hello lads I am checking in from a glorious autumn forest here in good old Sweden today I want to

00:00:28.800 talk a bit about parenting monarchy and low time preference versus a high time preference so

00:00:38.040 basically what it means is if you have a high time preference it means that you are very keen on

00:00:43.920 immediately satisfying your cravings if you have a low time preference which is the hallmark of a

00:00:50.100 good and glorious man it means that you can postpone your cravings you don't need to satisfy

00:00:57.120 them immediately you can postpone them to get an even bigger to get an even bigger reward later on

00:01:03.360 and of course everything in life gets easier if you have a low time preference you can talk about

00:01:09.180 resisting temptations such as porn bad food drugs being lazy not going to the gym so to give an

00:01:17.880 example you might you might struggle with porn and you say I have a craving now I want to satisfy it

00:01:25.560 now but if you have a low time preference you will say to yourself you know what in the long run it

00:01:30.640 will be better if I push this craving aside because then you will be rid of porn and you will feel much

00:01:37.960 better overall so it's a sacrifice you make in the beginning for the benefit of your long-term health

00:01:43.880 same thing if we're talking about diet you might have some nice pastries now of course you can eat

00:01:51.420 pastries every once in a while but not on a regular basis so if you eat pastries instead of a good

00:01:57.680 solid nutritious meal it will feel good for you for about 10 minutes but afterwards yeah you will feel

00:02:05.060 your energy levels drop you will not feel as good as if you haven't eaten some garlic butter with meat or

00:02:12.180 something like that so it's about pushing aside the instant gratification and embracing what will

00:02:20.320 give you better result better results in the long term same thing if we're talking about training you

00:02:26.780 know I train a lot many times I don't feel like it at all at all but I do it because I know in the

00:02:36.740 long run it will be better for me and for everyone I care about including you my dear subscribers and

00:02:45.020 some of you even disciples if I may be so bold so I do it even though I don't particularly feel like it

00:02:52.960 so next time you think maybe I should just relax in the sofa today instead of going to training

00:02:58.800 think what will be the best for me and those I care about in two months which decision is the best

00:03:07.000 yeah probably to train then of course every once in a while you can have a rest day

00:03:11.120 but the key in having a low time preference look two months ahead five months ahead see what is the

00:03:18.680 best course of action to reach my goals then so you don't always need to immediately satisfy your

00:03:25.080 cravings now what does this have to do with parenting and monarchy you ask yes because you

00:03:32.480 can apply it in the exact same way if you're a good parent my wife and I we do try our best to be

00:03:39.020 good parents of course that means that we don't want to subject our daughter and coming children to

00:03:46.480 certain things such as sugar because we know that in 15 years time or 10 years time or 20 years time

00:03:53.980 it won't be good if they have eaten a lot of bad foods in their youth when they're growing up

00:04:00.920 they will be better off by having eaten good solid traditional foods however if you have someone who

00:04:08.960 isn't interested in the long-term health and development of a child they will of course give

00:04:14.420 sugar because then the child will think oh this is such a nice individual who gives me this higher

00:04:20.180 reward food that gives me a nice kick in the brain so what you shouldn't do is you shouldn't subject

00:04:26.500 your children to that sort of thing and if you have someone might be well-meaning but it's not

00:04:32.380 well-meaning if you think about it because it's only a temporary kick that will make the child perhaps

00:04:37.580 like that individual but in the long term if you tell them later on yeah you know we tried to

00:04:44.180 shield you from bad things so that you will feel better and be healthier now yeah they will

00:04:52.220 understand later on but when they are children they don't understand the long-term consequence

00:04:57.820 the long-term consequences of having you know satisfied instant gratifications such as eating a lot

00:05:04.680 of sweets so anyway point being if you're a parent think about the long term for your child same thing

00:05:12.960 when it comes to making doing homework or whatever you say to your children you know in the long

00:05:18.360 term it will be good if you learn these sort of things in the short term of course it's nicer for

00:05:23.400 them to to not do any homework anyway it's all quite obvious i suppose but i just want to mention that

00:05:29.760 anyway so on to the case for monarchy exactly the same thing there if you have a politician whose only aim

00:05:39.360 is to be re-elected in the next election or to be elected in the first place he says you know what

00:05:47.200 i'm gonna give so much money to everyone you don't need to work you don't need to do a thing you will get

00:05:53.200 all of these liberties you will get all of this free stuff and then yeah he will have a lot of votes

00:05:59.560 because people don't think ahead they think about the next gratification oh i will get some money

00:06:06.720 how nice he will get he will get some votes how nice now contrast this to a monarch a king or a queen

00:06:14.420 who looks ahead who knows he will sit on the throne for 40 more years and then his son will take the

00:06:22.220 crown after him so then he needs to plan for the future then he can't give everything to everyone he

00:06:27.800 can't promise everything to everyone because that's not a recipe for long-term success so you

00:06:33.100 need to plan ahead it's a fun example from the swedish crown in the 1830s they planted a lot of oak

00:06:40.580 trees in visingsa in vetten it's a lake and by the time the oaks were fully grown you no longer built

00:06:49.200 ships in oak so they planted it to supply the swedish navy but at the time it was done

00:06:57.120 they no longer needed it but it's a good example on how kings at least used to think a bit more

00:07:04.380 ahead we will do what's good for our country in 50 years perhaps long after i'm dead now on the other

00:07:10.880 hand you have guys and girls only thinking four years ahead it's not good so in my humble opinion

00:07:18.720 should have the leadership of a country should be responsible for the long-term health of a nation

00:07:28.420 just as a parent is responsible for the long-term health of a child so it's not only about the

00:07:34.900 instant gratification oh in the next election we will give everything to everyone or to a child

00:07:40.640 we will give you candy every day for a week neither the child or the country will feel

00:07:47.720 particularly well after such a such a high time preference treatment so anyway that was just some

00:07:55.380 thoughts i thought to check in with from this lovely forest final words if you haven't already

00:08:02.280 followed me on telegram do so link in the description also you can use telegram as a messaging app

00:08:08.180 so get all your mates over there use that instead of facebook or whatever and of course you can

00:08:14.420 also follow me my channel there and that's where i update the most in addition to instagram

00:08:20.180 so see you on telegram thank you for watching xxo boom

00:08:38.180 so

00:08:40.180 thank you for watching xxo boom

00:08:44.180 so

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The Golden One - October 08, 2020

A Note on Parenting and a Case for Monarchy. Low Time Preference vs High Time Preference

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