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Time Is NOT Money | We Need To Change Our Thinking | Time > Money

When we believe that time is money

Our work culture promotes the ideas that time is money.

And we end up managing our money poorly so we end up wasting our time. We also trade more of our time to make more money, but if we would use that time to do things that make us happier, we would live happier lives.

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Time Is NOT Money | We Need To Change Our Thinking | Time > Money

Time Is NOT Money | We Need To Change Our Thinking | Time > Money

https://millennialmoney.com/time-is-not-money/

millennialmoney.com

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Key Ideas

Time is not money

Even if these two share some connections, time isn't money. Time is energy, money is a thing. And they each have power over our lives.

Money is infinite but time is not. You can always get a part-time job or start a side gig, but you’ll never be able to get back this moment or this day. Equating the two I think diminishes the value of time in a way.

Disrupting the time-money relationship

Investing and passive income disrupt the time-money relationship.

To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.

The best investing strategy

  • Make as much money as you can
  • Keep your expenses low
  • Invest the difference
  • The more you invest, the faster your money will compound and bring you more money
  • Sit back and earn money with no effort. You are no longer trading your time for money.

When we believe that time is money

Our work culture promotes the ideas that time is money.

And we end up managing our money poorly so we end up wasting our time. We also trade more of our time to make more money, but if we would use that time to do things that make us happier, we would live happier lives.

Passion is money

The challenge is how do you make money and use the money to live a life that you love.

Maybe this translates into moving from full time to part-time job or moving to a different city, and in a less stressful job.

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