Supposed true story about Steve Jobs illustrating how the time is money principle can lead to an odd lifestyle choice.
Steve Jobs famously replaced his car every six months - with an identical car each time. He actually had a standing order with the car dealership - so he didn’t even have to think about it - they’d just drive to his house or his office with a new car and drive away the “old” one. For years he drove a long run of black Porsche 911’s but did switch to a long number of black Mercedes SL55s. But this is madness! A car loses 10% of it’s value during the first 20 feet as you back it out of the parking space at the dealership!
But the Steve Jobs story is weirder:
In California, you don’t need a proper license plate for 180 days - you can drive on the temporary dealership plates, so by swapping out his cars every 6 months, he never had to go to the DMV to pick up his replacement plate. Looking at how much his time was worth - that wasn’t such a dumb idea. Jobs was earning upwards of $100 million per year - that’s $50,000 an hour. Going to the DMV for an hour cost him MUCH more than replacing the car!