time is money http://www.wisebread.com/taxonomy/term/9922/all en-US 8 Reasons Time Is Worth More Than Money http://www.wisebread.com/8-reasons-time-is-worth-more-than-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/8-reasons-time-is-worth-more-than-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/iStock-518554978.jpg" alt="time is worth more than money" title="" class="imagecache imagecache-250w" width="250" height="140" /></a> </div> </div> </div> <p>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?&nbsp;</p> <h2>1. You Can't Make More Time</h2> <p>You can always find a way to <a href="http://www.wisebread.com/how-to-use-glassdoor-to-earn-more-money?ref=internal">make more money</a>. 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 &quot;time market.&quot; 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.</p> <h2>2. You Can Do More With a Day Off Than With a Day's Pay</h2> <p>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.</p> <p>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 &quot;thing&quot; that costs money will never compete with an experience that broadens the mind, or simply makes you happy.</p> <h2>3. Time Creates More Memories Than Money</h2> <p>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, <em>Oh man, the day I got that new pair of shoes was awesome!</em> 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.</p> <h2>4. You Need Time to Spend Money</h2> <p>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.</p> <h2>5. People Close to Death Wish for More Time, Not Money</h2> <p>How often have you heard the story of people saying, &quot;It went by so fast&quot; or &quot;If only I'd had more time&quot; 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, &quot;I wish I'd had more money&quot; or &quot;If only I'd been a millionaire&quot; 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.</p> <h2>6. Time Brings More Happiness Than Money</h2> <p>A study published earlier this year asked participants what brings them greater happiness &mdash;&nbsp;<a href="http://spsp.org/press_release/valuing-your-time-more-than-money-linked-to-happiness?utm_source=SAGE_social&amp;hootPostID=2cd8155f181030091e54784421fc199d" target="_blank">free time, or money</a>. Over half of the people involved in the study &mdash; some 4,600 participants &mdash; said that free time brought them more happiness, and prioritized it as such. Free time came before earning money.</p> <p>The questions were not as blatantly worked as, &quot;Do you prefer free time over money?&quot; 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.</p> <h2>7. Time Is Priceless, Money Is Not</h2> <p>Money is money. The value of it fluctuates from day to day, and differs across currencies and investments. But time&hellip; 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.</p> <h2>8. Time, Not Money, Is a Great Healer</h2> <p>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.</p> <p>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.</p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/paul-michael">Paul Michael</a> of <a href="http://www.wisebread.com/8-reasons-time-is-worth-more-than-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/that-age-old-conundrum-time-vs-money">That Age-Old Conundrum: Time vs. Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/time-is-money-budget-them-both-out">Time Is Money: Budget Them Both Out</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-money-moves-you-can-make-when-we-turn-the-clocks-back-for-fall">8 Money Moves You Can Make When We Turn the Clocks Back for Fall</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/these-5-apps-will-help-you-finally-organize-your-money">These 5 Apps Will Help You Finally Organize Your Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/organize-8-key-areas-of-your-life-with-these-17-smart-apps">Organize 8 Key Areas of Your Life With These 17 Smart Apps</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> Budgeting Organization free time money money moves time time hacks time is money time management Wed, 14 Dec 2016 10:00:10 +0000 Paul Michael 1853789 at http://www.wisebread.com That Age-Old Conundrum: Time vs. Money http://www.wisebread.com/that-age-old-conundrum-time-vs-money <div class="field field-type-filefield field-field-blog-image"> <div class="field-items"> <div class="field-item odd"> <a href="/that-age-old-conundrum-time-vs-money" class="imagecache imagecache-250w imagecache-linked imagecache-250w_linked"><img src="http://wisebread.killeracesmedia.netdna-cdn.com/files/fruganomics/imagecache/250w/blog-images/375404982_bdbbaea92f.jpg" alt="perplexed" title="...perplex..." class="imagecache imagecache-250w" width="250" height="188" /></a> </div> </div> </div> <p>Have you ever thought, &quot;If only I could do X, it wouldn&#39;t matter how much money I made?&quot; Or maybe you&#39;ve wondered, &quot;Why do I feel like I do so much for so little compensation?&quot; If you&#39;ve had these or similar thoughts, you&#39;re not alone, and you&#39;re probably suffering from some disjointed thoughts about time and money.</p> <p>Believe it or not, it&#39;s easy to get stuck living a life you&#39;re unhappy with because your time and your money aren&#39;t connected in the way you&#39;d like them to be. If you don&#39;t think about it, you&#39;ll live a life that says you value what the people around you value, or what your parents taught you to value, but that may be a far cry from what you actually value. Here are some competing theories about the relationship between time and money, and some thoughts on figuring out what they mean to you. </p> <p><strong>Time is money</strong></p> <p>In this theory, your time is only as important as the amount of money you can make. You focus on a particular task for a particular amount of time and get paid a particular amount of money for your trouble. That money, and nothing else, shows you the value of your time.</p> <p>Many people hold this as true, though some hold it to a greater extent than others. For many, this is only true during the work day, but personal time is different. But for others, this is a ruling principle of life. If you&#39;ve ever felt like your personal value depended at all on your salary, that&#39;s evidence of this sort of thinking. </p> <p>It&#39;s key to note that this is the principle that most jobs are built around. An employer determines how much it&#39;s worth to him to have a person performing a certain task for a certain amount of time, and pays that wage. There are definitely complicating factors, but that&#39;s the basis on which salaries are determined. So this is a driving principle in Western culture (and increasingly in Eastern ones).</p> <p><strong>Time over money</strong></p> <p>If this is what you believe, then the amount of money you make doesn&#39;t mean much to you. You&#39;d much rather have your time to yourself, or at least under your control, than let someone else control it for whatever amount of money they value it at.  </p> <p>Do you work a lower-paying job because you get more days off or control your personal time? Then you might subscribe to this theory. Do you freelance because you want to be able to meet those friends for lunch whenever they&#39;re free? Then you definitely value controlling your time more than you value making a particular amount of money.  </p> <p><strong>Money over time</strong> </p> <p>Would you rather work through weekends to have more cash, particularly if you get overtime? Is the stress of major responsibility worth it to you because you make more money when you take it on? If it came down to a decision between a date-night with your spouse and a few more hours that would net you some serious income, would you choose to work?</p> <p>If you answered &quot;yes&quot; to any of those questions, then there are times when you value money over time. You want cash, whether it&#39;s for financial security or so you can buy that new toy, and you&#39;re willng to give up total control of your time (and other people&#39;s) to get it.  </p> <p><strong>Practically</strong></p> <p>In our daily lives, most of us subscribe to these different theories at different times. Maybe the success of our weekdays is determined by how much money we make, but that of our weekends determined by how much time we get to spend chillin&#39; in front of the television. </p> <p>We also subscribe to these ideas to varying degrees. Sometimes, money is important, but only so long as a person can take two weeks of vacation every summer. Or maybe someone wants to stay home with their kids, but they also need to make a certain amount of money to live.</p> <p>It doesn&#39;t matter how you fit these ideas together; what matters is that you know how they fit together for you!</p> <p><strong>Figuring it out</strong></p> <p>Ask yourself the questions below. Spend 5-15 minutes answering each one, either in discussion with someone else or in a journal. When you&#39;ve finished answering, you&#39;ll have a pretty good idea as to what you value, how much you value it, and when you value something else entirely. </p> <p>1.  If you had the option to work over the weekend making double-time, would you do it? What if your kid had a big game on Saturday or you had planned a date to the Met? How would you justify your choice?</p> <p>2. Looking over the last year, how often have you taken vacation? Sick days? Did you ever go to work instead of taking time off because being absent negatively effected your paycheck? </p> <p>3. How do you look at your wages? Are they never enough, just right, or plenty for your needs? Do you feel like you trade your time for money? If so, is it a fair trade? If not, would you prefer more money or more free time?</p> <p>If you feel the desire, share some of your responses with us. I&#39;d love to know where Wisebread readers stand! </p> <br /><div id="custom_wisebread_footer"><div id="rss_tagline">This article is from <a href="http://www.wisebread.com/sarah-winfrey">Sarah Winfrey</a> of <a href="http://www.wisebread.com/that-age-old-conundrum-time-vs-money">Wise Bread</a>, an award-winning personal finance and <a href="http://www.wisebread.com/credit-cards">credit card comparison</a> website. Read more great articles from Wise Bread:</div><div class="view view-similarterms view-id-similarterms view-display-id-block_2 view-dom-id-1"> <div class="view-content"> <div class="item-list"> <ul> <li class="views-row views-row-1 views-row-odd views-row-first"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-reasons-time-is-worth-more-than-money">8 Reasons Time Is Worth More Than Money</a></span> </div> </li> <li class="views-row views-row-2 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/chinese-proverbs-about-money-and-personal-finance">Chinese Proverbs About Money and Personal Finance</a></span> </div> </li> <li class="views-row views-row-3 views-row-odd"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/8-negotiating-skills-everyone-should-master">8 Negotiating Skills Everyone Should Master</a></span> </div> </li> <li class="views-row views-row-4 views-row-even"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/chinese-money-habits-how-my-culture-influences-my-attitudes-toward-money">Chinese Money Habits - How My Culture Influences My Attitudes Toward Money</a></span> </div> </li> <li class="views-row views-row-5 views-row-odd views-row-last"> <div class="views-field-title"> <span class="field-content"><a href="http://www.wisebread.com/why-buy-one-get-one-free-is-usually-a-bad-deal">Why &quot;Buy One Get One Free&quot; Is Usually A Bad Deal</a></span> </div> </li> </ul> </div> </div> </div> </div><br/></br> General Tips money time time is money time vs. money Mon, 13 Oct 2008 21:00:55 +0000 Sarah Winfrey 2515 at http://www.wisebread.com