Learn more about moneyandinvestments with this collection
Creating a productive schedule
Avoiding procrastination
Prioritizing tasks effectively
Money: a store of productive time
We're commonly told that money is a "store of value," meaning a storehouse of past effort to use for future purchases. Really, money is a store of (productive) time.
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Wealth: an abundance of time
When we notice the relationship between money and time, we realise that wealth isn't necessarily an abundance of money, but an abundance of time. When you gather a lot of money, you collect a large store of time which you can use as you want.
Financial independence is then...
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1.26K reads
Frugality buys time
The relationship between time and money is this: When you spend less, you can work less. That means that frugality buys time. On a deeper level, frugality buys freedom - financial freedom, freedom from worry, freedom to spend your time as you wish.
There's a balance, and i...
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"Buying" time promotes happiness
Experimental studies reveal that using your money on time-saving devices promotes happiness. The effects of "buying time" have the greatest impact on less-affluent individuals.
If you don't want to cut back on your lifestyle or are not able to cut back, you can still use t...
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Material things and the value of time
An irony of modern society is that many people work more to have more money to buy more stuff, but because they have so much stuff, they need more money, which means they have to work more, which means they have less time. To escape this vicious cycle:
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The Value Of Time
We don’t really value time as much as we value money, even though money one lost can be earned again, but lost time can never come back.
Many of us waste a lot of time on social media and other platforms consuming content of varying quality. If we really valued time, we would be aware of t...
Wealth: an abundance of time
When we notice the relationship between money and time, we realise that wealth isn't necessarily an abundance of money, but an abundance of time. When you gather a lot of money, you collect a large store of time which you can use as you want.
Financial independence is then...
People value time more than money
When you invoke time in the mes- sage, you make more of a personal connection than when you invoce money.
The researchers concluded that people are more willing to buy, spend more money, and like their purchases better if there’s a personal connection.
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