I’ve been thinking a lot about what I should blog this week, I’m not really working on anything in particular. Just crocheting before bed, you know, the usual.
Now, I don’t know if this is because I’m graduating in 19 days, or just because I’ve had a lot of time on my hands, but I’ve been thinking a lot about what it is I love to do. I love my classes, I love my dog, I love crocheting, I love making things etc. But if I had to only choose one for the rest of my life I don’t think I’d be happy. How can I incorporate everything that makes me happy when they’re all so different?
Now, my economics classes taught me that I should make my decision based on the combination of options that produce the highest interest rate. Since I don’t exactly know how to quantify my dog, I have to look to other theories that I’ve learned.
In most economic theories, when making decisions it is assumed that people are rational. This just means that people usually have their best interest in mind. For example, if you are faced with an option of taking $500 or $1000 tax free, a rational person would take the $1000.
There is also an assumption that people are profit maximizing. When talking about personal decisions, profit maximizing just means that you keep striving to be the best you can be. Using these two assumptions, I can figure out how to “do what I love.”
Now, I can get into leisure vs labor, cost minimizing, supply and demand, blah blah blah. I don’t want to bore you. (If you’re still reading this, I thank you, you’re a champ). What my classes have taught me is that people invest in themselves just like a business. That is, you are only as successful as the work you put into yourself. Economists use this to discuss why some people invest in education, as well as people taking care of their health. But you can use this for anything you do.
If I were just to take economics classes forever, I’d be happy, but I wouldn’t love it. If I could hang out with my dog all day every day I would be forever grateful, but I might miss human interaction a little bit (who am I kidding, I probably won’t…). If I were to crochet forever, I would be stress free and content…until my fingers fell off. What am I trying to get at? Basically, for me to be my happiest, I will need an equal combination of all the things that I love to do. If you figure out all the things you love to do, and you make time for all of them, you are maximizing your human capital.
I hope you guys enjoyed reading this, I think I’m going to show this to a couple of my professors so they know I actually pay attention in their class…Well, keep on crafting!!