Ergodicity is a fun concept. Or at least fun for nerds like me. It’s a terrific way to consider risk. It helps us in behavioral economics, personal finance, and real retirement planning.
I don’t want to spend money (a.k.a. my time) on average stuff. I’ll pay for the necessities. And after that, I want my spending to make me say, “Hell yes!”
Take your income and divide it into five equal buckets. Take each bucket and multiply by your age in dog years. If Mercury is in retrograde, convert two buckets to Bitcoin. Otherwise, use 14% of your future Social Security income…