``` I am going to give you a transcript of me talking with disorderly thoughts that are all over the place and I want you to write a new version that captures all the same ideas but written in an organized, logical format. Here is an example of something I might give you: --- Money is really weird like some people don't have a lot of it but I don't know. And I think that having a lot of money also makes you like I mean I got a lot of money when it was back in uh 1998 and that was when I sold my startup. So I sold it and there was all this money from it. It made me think about how you can lose money. Like when I was a kid you'd hear me say that oh poor people they or people who got to be poor it's because they spent all their money. And with all that startup money I had this new thing where now I had to figure out like not how do I get money but how do I not lose it. Like when you have a lot of money, it's easy to just spend it all. Like that was the whole focus thus far was okay how do I become rich since I'm poor now but I knew you can also go the other way poor to rich I mean rich to poor. And spending money just like your average Joe if they start spending so much they notice they're like wow I think I'm spending too much. It's happening dollar by dollar. Then you look at a derivatives trader and boom like you can just lose a million bucks but it's not dollar by dollar it's just all of the sudden like it's gone. And I've been studying this stuff for several years. And so like I knew how poor to rich worked and how you get from one to the other but I've been realizing rich to poor was something I knew next to nothing about. Like what is that path between the two. I was thinking well I better learn it. If I don't how do I avoid going down that path. And to go back to being a kid when I thought rich people just lose their money by spending all of it, it's like that's what the movies and books always show too. It's colorful, it's engaging. But I really paid attention now to like how people lose money and I realized bad investing is what it is, not spending a bunch. And time is like that too. That dawned on me a few days ago. You don't lose it by having fun and enjoying yourself and stuff it's when you do fake work. When it's fake you're just working. It doesn't matter. But when you're having fun you get this sensation like you're doing something wrong. You think oh I'm just being self indulgent. Something just feels so bad you know like oh I just sat around and watched tv all day. That's all I did. Oh no. I'd be like oh that's so bad. What's wrong with me? Even just watching tv for 2 hours not to mention a whole day. Anyway when it comes to money we get alarms going off when we buy really luxurious things but if you think about investments we don't get those alarms we think oh it's just an investment. Those alarms are quiet. But the luxuries are the ones that feel self-indulgent. I mean sure if you won the lottery yeah or an inheritance or whatever that's different. But you're told growing up that self indulgence is bad. I think investing goes under the radar because it feels like you're moving the money not spending it. And we even hear people say that "it's an investment" and when they say that it's to justify spending money. Like saying that it's an investment makes it okay. So time is like that too and if you steer clear of anything pleasing that's not going to keep you safe I mean if you were a cave man or something and maybe life long ago before the Industrial Revolution. Back then avoiding leisure probably helped. Back then I mean our nature and our nurture both came together and it makes us avoid self-indulgence. Anyway everything is just more complex now because the worst things are those things that make the alarms going off in our head not go off. Like you're engaging in bad things but you don't get that jolt like oh I'm doing a bad thing. Some of those things are like how investment feels like a good thing because those other behaviors are masquerading as good things too. What's worse is that the bad things that waste time aren't even enjoyable! I think what you have to do is develop those instincts to become uncomfortable and make alarm bells go off. The thing is it's not that easy. Yeah spending to much you get that jolt but the other things aren't like in us. You have to learn with things like investment that you should get that jolt. Not only that but you have to work your way out of feeling like that jolt at all just defies logic like of course you shouldn't have the jolt. You have to teach yourself the opposite. When it comes to time There were times where I realized in retrospect man I just did dumb work. Like it meant nothing. If I were being honest I would have to say like did I accomplish anything really? It's just no. But in the moment I wasn't getting that feeling like boom this doesn't feel right. I'm wasting time like losing money. I didn't. In the moment it just feels like work is happening like it has the shape of it emails and phone calls or whatever but it isn't actually anything valuable. I might as well have just plunked down in front of the tv. It's like we think hey this isn't fun so what is it? Oh it must be work. Good for me. --- And here is an example of how I would want you to rewrite that: --- # How to lose time and money When we sold our startup in 1998 I suddenly got a lot of money. I now had to think about something I hadn't had to think about before: how not to lose it. I knew it was possible to go from rich to poor, just as it was possible to go from poor to rich. But while I'd spent a lot of the past several years studying the paths from poor to rich, I knew practically nothing about the paths from rich to poor. Now, in order to avoid them, I had to learn where they were. So I started to pay attention to how fortunes are lost. If you'd asked me as a kid how rich people became poor, I'd have said by spending all their money. That's how it happens in books and movies, because that's the colorful way to do it. But in fact the way most fortunes are lost is not through excessive expenditure, but through bad investments. It's hard to spend a fortune without noticing. Someone with ordinary tastes would find it hard to blow through more than a few tens of thousands of dollars without thinking "wow, I'm spending a lot of money." Whereas if you start trading derivatives, you can lose a million dollars (as much as you want, really) in the blink of an eye. In most people's minds, spending money on luxuries sets off alarms that making investments doesn't. Luxuries seem self-indulgent. And unless you got the money by inheriting it or winning a lottery, you've already been thoroughly trained that self-indulgence leads to trouble. Investing bypasses those alarms. You're not spending the money; you're just moving it from one asset to another. Which is why people trying to sell you expensive things say "it's an investment." The solution is to develop new alarms. This can be a tricky business, because while the alarms that prevent you from overspending are so basic that they may even be in our DNA, the ones that prevent you from making bad investments have to be learned, and are sometimes fairly counterintuitive. A few days ago I realized something surprising: the situation with time is much the same as with money. The most dangerous way to lose time is not to spend it having fun, but to spend it doing fake work. When you spend time having fun, you know you're being self-indulgent. Alarms start to go off fairly quickly. If I woke up one morning and sat down on the sofa and watched TV all day, I'd feel like something was terribly wrong. Just thinking about it makes me wince. I'd start to feel uncomfortable after sitting on a sofa watching TV for 2 hours, let alone a whole day. And yet I've definitely had days when I might as well have sat in front of a TV all day — days at the end of which, if I asked myself what I got done that day, the answer would have been: basically, nothing. I feel bad after these days too, but nothing like as bad as I'd feel if I spent the whole day on the sofa watching TV. If I spent a whole day watching TV I'd feel like I was descending into perdition. But the same alarms don't go off on the days when I get nothing done, because I'm doing stuff that seems, superficially, like real work. Dealing with email, for example. You do it sitting at a desk. It's not fun. So it must be work. With time, as with money, avoiding pleasure is no longer enough to protect you. It probably was enough to protect hunter-gatherers, and perhaps all pre-industrial societies. So nature and nurture combine to make us avoid self-indulgence. But the world has gotten more complicated: the most dangerous traps now are new behaviors that bypass our alarms about self-indulgence by mimicking more virtuous types. And the worst thing is, they're not even fun. --- Only respond with the rewrite. Do not say anything before the rewrite. For example don't say --- Certainly! here is a rewrite of your text: (rewrite here) --- instead just say --- (rewrite here) --- Now here is a new original. Please rewrite it: ```