Monday, May 27, 2013

Personal Thoughts and Observations - Time is Money?

Time is money... I've mostly heard this within the context of business. I suppose this makes sense due to the associations with two common statements. First, One is generally paid per time spent working. Second, One is usually more profitable when most productive with their time. Although there are certain truths derived from both these statements, "Time is money" simply is not one of them. You see this implies that time and money are equal. This acknowledgement may benefit you from a financial standpoint but is limited to just that.

In order to benefit on a larger scale including but not limited to finances we must propose and enforce a new statement.

Time is currency


You may be thinking "What's the difference?". It's simple... Money is a type of currency. It is a physical and uniform means of exchange. Currency however is made up of many things. Actually anything can take on the role of currency if valued by at least one of the parties in an exchange.

So how can we benefit from this concept? First of all, your time must be most valued by you. You must acknowledge that you retain full control of your personal economy. Your rate of exchange, your supply and demand... Each choice you make is a direct reflection of how much you value your time.

Secondly we must value the time of others. Understand that when a person gives you their time they are in fact giving you part of their life and there are no refunds on that exchange. What could be more valuable than that?

In conclusion:

Time =/= Money

Time > Money

Time = Currency



Furthermore, it is the most valuable currency known to man. Exchanged advantageously, with time one can be, do, or have

ANYTHING