Is It Really True That Time Is Money? Reasons Behind This Thought

Where do you belong in these two controversies; “Time is money” or “Time is Life?” Let’s find out some interesting facts

Time Is Money
Time or money could be the opportunity cost depending on one’s situation

Do you agree with people who say time is money? This is a statement or a saying we often hear in our lives. But do we really understand? does it have any effect on our lives? As I try to find out about the relationship between time and money I became intrigued to know more about it.

In this very post, I will share my thoughts about the saying why it has been popularized by people that Time is money.

There are different views from economists, financial experts, businessmen, philosophers, religious leaders, scholars, etc,

What Is Time?

Time is a non-renewable resource, when spent you can never recover.

What is money? Money is a seed when you plant it in good soil it will yield plenty of fruits. You can plant money by investing in businesses or use it in a legal way to generate income.

In economic terms money is said to be a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.

Some people are trying hard to nullify the meaning of time being having monetary value.

They argue that the two are different things working on different dimensions.

They argue that time is time, money is money; others too say time is life but not money.

Understanding The Relationship Between Time And Money

I will look at time and money in the very way it affects our daily life activities.

The general explanation behind “time and money” is that when one uses his time efficiently he can maximize his profit and on the other hand if someone misuses his time, he will incur losses in life. This is one reason why the poor is getting poorer and the rich are richer.

We all have the same period to spend in a day and each is 24 hours. Can that 24 hours be classified as money? Well, we all know work done deserves payment, and the payment is done according to the time spent in a day so that time spent will be the value of your money. For this reason, many people like me don’t Joke with their time.

When time is lost you cannot recover, hence the saying “time and tide wait for no man.”

There is no reverse button for recovering time lost. Time is the basic factor for calculating the length of the day, weeks, months, and years and it starts from seconds.

When you sit there without doing anything during the day then it means you have misused time and so you have lost money.

On the other hand, someone has used that same hours or days to earn money; you can maximize your income by selling goods, or offering services to others and earning money in return for the time spent on these activities.

Time Usage And Its Reward

Honestly, if you use your time profitably you will gain a lot of money and this will help you to understand the concept of time being given monetary value.

If you have certain goods to auction in the market and you sit home watching television or sleeping, will you earn any money?

Unless there is a lazy kind of job like sleep and getting paid which I have never heard of. You can rather turn your laziness into profit. No one will actually pay you for no work done.

When you use the time to auction your goods in the market and people buy them —you will get income from all the purchases made. Some people let time work for them because they have finished their parts by making a particular investment in any kind of business they like.

As time passes by, their money also increases, so in a few years, they will become rich for making good use of time.

For instance one of the richest men in the world today, Bill Gates has invested a huge amount of money in many businesses, every hour he makes profits from them.

There are a lot of important things to learn from billionaires today.

I was recently watching a documentary on television and I got to know when Bill Gates sleeps, he will wake up to a profit of $10 million in the morning and that is incredible.Today Bill Gates earns $30 million a day. His earnings change over time because of the marketing fluctuations.

After making you know that time is money, I will go ahead and talk about some of the controversies about this concept.

If anyone tells me time is life; I will not object to that. It is very true. Why I’m I saying that? Each day is up to 24 hours and when the sun rises and sets —you will be gradually aging.

Some Controversies Over The Relationship Between Time And Money

Time will pass by and pass by again and in 10 years you won’t be the same person you are in terms of your outlook, social standard, financial status, and others.

Money answers everything

Time will change you. If you are having enough strength as a youth, years will come and all your strength will fade away like smoke, if you are having full-grown black hair, some years later your hair will turn grey.

This is one of the many reasons why people say life is a journey, not a destination. Keep working and growing always in life.

Growth means time is taking part of your life. And it is a non-renewable resource. Let’s take today’s date 20/10/17 for example; this very date will never occur again till we all leave this planet. That is why it is advisable to use your time profitably.

The next date in a year will be 20/10/18. Everything you say today, do today or any decision you make today will affect you in the future but not in the past. Time in the past has passed away and it is unchangeable.

The future is not certain so anything can change. but TODAY I tell you; You control your life to have a better future, no matter what.

The life everyone lives on earth has an end or expiring date live wisely before it is too late. There is a native American proverb about this school of thought.

“Every time you wake up ask yourself; “What good things am I going to do today?”.Remember that when the sun goes down at sunset it will take a part of your life with it.”

The above proverb has a very good message or lesson for you and I and everyone living on earth today. Don’t sit there ideal each day without making good use of time, else your life will be miserable, poverty will embrace you.

It would be better for you to invest in your life today and reap in the future. Or work hard today in a way that your income will maximize to have enough money to sustain your life for the future.

How can you maximize profit?

People like Chris Reining retired their thirties after making their monies work for them. He believes anyone can achieve financial freedom by making a good investment without the banks.

To maximize profit through by being productive you can do double work at a time only if you can. Today there are many passive income jobs available online and in our various societies.

• Let’s say you are a government doctor, you can also set up your own clinic or pharmacy in your house to generate extra income from these two sources.

• If you are a teacher after school classes you can arrange for extra classes in your house and charge your students some amount of money.

• Again, even if you don’t have a specialized profession —you can still maximize profit from the 24 hours by opening something like a supermarket or any venture to help you maximize your profit.

If you concentrate on doing one particular job, surely you will benefit from it. But that profit wouldn’t be enough compared to someone who will be doing two different jobs.

In summary, I would like to inspire everyone to make good use of his or her time to increase productivity.

Who doesn’t want money? Everyone need this in life: to pay bills, buy food, clothes, etc To earn money doesn’t come on a silver platter.

Personally, I don’t object to any of these concepts. What about you? Feel free to comment or contribute. Your feedback is welcomed.