ERIC KIM podcast

OPTIONALITY.

10/11/2024
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Audio! https://erickimphotography.com/blog/wp-content/uploads/2024/11/Optionality.m4a


Options options options options options which ones should I pick? https://erickimphotography.com/blog/2024/11/10/optionality-2/


## Seek optionality- https://erickimphotography.com/blog/2024/11/10/optionality-2/


I don’t need to own it, I could just visit it rent it borrow it try it out for the week or weekend!


I think this is also a big thing, we Americans we are so silly in our notion of “ownership“, we both believe that in order to gain legitimacy, we have to “own” the underlying asset.  but I was thinking about it… Never really kind of own anything, maybe besides bitcoin.


Why? So for example let us say that you own a single-family home property whatever, you don’t really 100% owned, you’re just borrowing it from the federal government, the local city government etc. And you’re paying a huge state tax fee local fee tax fee etc.


Also, vehicles automobiles cars etc., as long as you’re sooner or later taking some sort of public Road Highway, freeway etc., you don’t really 100% on your car either because you’re just kind of leasing the rights to use your vehicle on public roads, as long as you had to pay some sort of DMV fee and sticker, you never really 100% own your vehicle.


And also, you still have to pay car insurance, like forever. And once again, vehicle registration fees. Even the fees even though the fees are not super super high, you still gotta pay something.


I think also one of the soccer fallacies is that some people fall victim to this notion of somehow like you buy some sort of RV or truck or converted Mercedes sprinter van and you could somehow turn it into like a mobile house or a mobile RV, and then you could just finally become free travel through the states whatever, etc.… But still you’re kind of a slave because you still have to find somewhere to park at night, you often had to pay a fee to park somewhere, And also, more private things like you gotta pay for sanitation to plumb out your vehicle, you still need to buy food and stuff, etc. This is where I still think it is wiser to just rent an apartment and somewhere desirable where you could just walk everywhere because once again,Americans we were romanticize the idea other great American road trip and being on the road, but still… The ideal strategy is to spend like close to 0% of your time in a car or a vehicle, and you try to instead, spend about 100% of your time walking around outside in the direct light or the direct sun.


So the ideal goal is to find a place or a local or a city or neighborhood or area that you absolutely love like for me in Culver City, the arts district, and you could just 100% pedestrian walk yourself everywhere, just jump on the metro E line if you want, and just go on a drive if you want. 


And once again, location location location location location. I still cannot stress this enough; because of the laws of physics, Los Angeles, Los Angeles traffic; still the most intelligent strategy in life is to find the best location absolutely, in which you never have to drive more than five minutes a day. Or driving just becomes an optional thing; **you could actually live a virtuous 100% pedestrian lifestyle.**



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