8 Reasons Time Is Worth More Than Money

By Paul Michael on 14 December 2016 0 comments

Time. Most of us never seem to have enough, and we're spending a good chunk of it earning money. It stands to reason that time is money, and the more time we have, the more money we can make. But are we looking at this the wrong way? Is time the real treasure here, and are we wasting it to stockpile something far less valuable? 

1. You Can't Make More Time

You can always find a way to make more money. Although it's not something we want to do, we have the option to sell possessions, work an extra shift, pick up some freelance work, or maybe even win a few bucks on a scratch ticket. But there are no chances for you to create more time. You can't add an extra hour to the day. You can't give yourself 20 extra years on this planet by investing in the "time market." Time is finite for us, as individuals. We may have 85 years to live and thrive, or we may only get 30. This is worth remembering when you are spending more time making money than you are with friends and family. Those times are precious, and fleeting. Money? There's always more of that.

2. You Can Do More With a Day Off Than With a Day's Pay

Everyone earns different amounts, but a day's pay to a rich person or a poor person is still the same, relative to his or her situation. Whether it can buy you a new Xbox or a new Ferrari, the point is that a day's pay is finite. You will be given a set amount of money that can buy a limited number of items.

But with a day off work, the world is your oyster. Well, maybe not traveling to Tahiti or scaling Mount Everest, but you really can explore all sorts of adventures that you could not do while at work. Maybe you take that time to paint that picture you've always wanted to, or begin writing a new book. You can meditate, and find some of that inner peace you've been looking for. At the end of the day, a "thing" that costs money will never compete with an experience that broadens the mind, or simply makes you happy.

3. Time Creates More Memories Than Money

Think back to the best moments in your life so far. How many of them are based on money, and how many are based on time spent with friends and family? Very rarely do we sit back and think, Oh man, the day I got that new pair of shoes was awesome! Our most treasured memories come from time spent with the people we love, and in places we adore. Yes, it certainly does take a little money to travel. Luxurious vacations are definitely something we need money for, but we also treasure those times we walked hand-in-hand with a loved one in the park, or sang karaoke with friends at a local bar. Time gives us those memories we can look back on and laugh, or cry. And while money may help, it's never the main focus.

4. You Need Time to Spend Money

You may have all the money in the world, but you only have a certain amount of time in which to spend it. Billionaires around the globe have enough money to last 100 lifetimes, and yet they only have a set number of years on this planet. Even then, the last 10-20 years are not exactly the best. Money can buy you a lot, but it cannot buy you more time, which is why time is the most valuable resource we all have. Whether you're rolling in dough, or scraping together a living, time is the great equalizer. And most rich people would gladly give up a huge chunk of money for the chance to spend a few more good years with family and friends.

5. People Close to Death Wish for More Time, Not Money

How often have you heard the story of people saying, "It went by so fast" or "If only I'd had more time" as they were living out their final days? It's something said by so many people, so often, and with good reason. But very few people say, "I wish I'd had more money" or "If only I'd been a millionaire" as they consider the lives they lived. We may have regrets, but so few are based around money and possessions. Money may provide us with some luxuries, but time gives us so much more. Ask someone with a few months to live if they'd like $10 million or 10 more years on the planet, and you know the answer you'd get back.

6. Time Brings More Happiness Than Money

A study published earlier this year asked participants what brings them greater happiness — free time, or money. Over half of the people involved in the study — some 4,600 participants — said that free time brought them more happiness, and prioritized it as such. Free time came before earning money.

The questions were not as blatantly worked as, "Do you prefer free time over money?" though. Some were asked if they would prefer an expensive apartment with a long commute over a cheaper apartment with a shorter commute. Or, if they'd want a job with long hours and a high salary, or fewer hours and less salary. It seems that more people are interested in making the most of their free time, and would rather sacrifice the fringe benefits and luxuries in favor of quality time. It is worth noting, however, that the younger people surveyed were not as swayed by time as older respondents. Clearly, when you have much more time ahead of you, you value it less than money.

7. Time Is Priceless, Money Is Not

Money is money. The value of it fluctuates from day to day, and differs across currencies and investments. But time… you cannot put a price on that. For instance, what kind of price tag would you attach to spending one hour with someone you love? How about spending the day with a friend or family member you haven't seen in 15 years? What price would you put on an experience that broadens the mind, or brings you inner peace? While it is easy to say it would cost several thousand dollars to book a vacation, what is the cost of spending a few hours on a beach thinking of nothing but the sand between your toes? No worries. No stresses. Just that moment. What's more, time is free.

8. Time, Not Money, Is a Great Healer

It takes time to gain perspective. It cannot be bought. It takes time to realize your strengths and weaknesses. It takes time to figure out who you really are, and who you want to become.

When you put time against money, it's no contest. Money helps you live your life over that time, but it's time itself that gives you the greatest benefit.

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