Until you value your time more than you value your money, you will never be truly wealthy.
Most people look at their bank accounts with great attention and assess how much money they have to spend, to invest, and to give away… But, they don’t look at their time the same way, and end up wasting this incredibly valuable resource.
The three deadliest words in business are, “got a minute?”
We’ve all experienced when someone asks for a minute and ends up taking up 30 minutes. But who is really to blame? How do you expect your employees, colleagues and partners to respect your time if you don’t respect your own time?
It’s up to you to set boundaries and be fiercely protective of your time.
Most people value external results: money, possessions and fame. Instead, start valuing the internal habits and attitudes that produce the external results: time, experiences and relationships.
The 10 Reasons Time Is Worth More Than Money
Is time the real treasure here, and are we wasting it to stockpile something far less valuable?
Most of us never seem to have enough time, and we’re spending a good chunk of it earning money. Is time the real treasure here, and are we wasting it to stockpile something far less valuable?
1. You Can’t Make More Time
In fact, time is much more valuable than money because you can use your time to make money, but you can’t use the money to purchase more time.
The reality is, you can lose all your money and get it back again, but you’ll never be able to get back your time.
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.
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 their situation. With Pay Day you are given a set amount of money that can buy a limited number of items.
However with a day off work, the world is your oyster. 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!
Time gives us 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.
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.
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?
We are sure you have hear it alot.
It’s something said by so many people, so often, and with good reason.
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 $25 million or 15 more years on the planet. You must know the answer you’d get back.
6. Time Brings More Happiness Than Money
A study published in early 2009 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.
In the study the younger people were not as swayed by time as older participants. When you have the possiblity of much more time ahead of you, you seem to 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.
What’s more, time is free.
Most of us never seem to have enough time, and we’re spending a good chunk of it earning money.
There is no point having money if you have no time to spend it.
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.
9. Those who have time want money, and those who have money want time
You know the funny thing is that most people want what they can’t have and this is true across both ends of the time/money spectrum.
Those who are unemployed or have low incomes will strive for more hours or a better-paid job. While those who are on six figure salaries may moan that they have no time to spend with friends and family.
Neither of these is desirable and both will ultimately cause unhappiness in your life.
10. A healthier balance leads to a healthier life
It’s almost like a cruel paradox.
You can have all this free time but no actual money to do anything or have all this money but no idea on how to have free time. The trick is to find a balance and earn enough money without sacrificing all of your free time.
That is easier said than done sometimes. We can admit that. So it’s important to find ways of addressing this imbalance in your life.
When you put time against money, it’s no contest. Money helps you live your life over that time, however it’s time itself that gives you the greatest benefit.
Nicky and Dave