Learn more about moneyandinvestments with this collection
Creating a productive schedule
Avoiding procrastination
Prioritizing tasks effectively
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 it is different for everyone. You have to decide how much time you're willing to spend on the present comfort and how much you want to put away for the future.
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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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"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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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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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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Alone time
Alone time is just as important as socializing time. It is important to stay alone for you to understand your thoughts and emotions at a deeper level.
When spending time alone, put your phone and other devices away. Turn off the television and meditate for a couple of minutes. Sit d...
Limit your time
Limiting how much time you spend on a task makes the task more fun, more structured, and less frustrating and difficult because you’ll always be able to see an end in sight.
And instead of throwing more time at the problem, you force yourself to exert more energy over less time to g...
The Real Worth Of Your Time
Use the Realized Income Methods to calculate the value of your time. It is based on the income you received and will help you make better decisions on how to spend money day-by-day. You need two numbers for your calculations.
- How much time you spend to earn money.
- How much you ...
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