Comments on: Money Is Time

By: jsonmez

jsonmez — Mon, 02 Jun 2014 23:58:00 +0000

In reply to David Rael. Yeah. Time, you can't exactly store. You can just trade it. But it starts to lose it's value and becomes more expensive.

By: David Rael

David Rael — Mon, 02 Jun 2014 10:39:00 +0000

Good stuff as always John and important to point out the value of your time and I like your perspective here. Time and money are both items of value interchangeable in many ways – except that you can’t store up time and keep reserves of it to spend all at once. Like you said, vacation is something like that, but not exactly the same thing.

By: Dave Rael

Dave Rael — Mon, 02 Jun 2014 10:36:00 +0000

In reply to RichardW1001.

that is a great story. i have come across it in a few places, including tim ferriss’s The 4-Hour Workweek. He has a newish podcast out now that is worth checking out. http://fourhourworkweek.com/category/the-tim-ferriss-show/

By: Matt Honeycutt

Matt Honeycutt — Tue, 06 May 2014 16:12:00 +0000

I don’t think the point is to eliminate everything and replace it with work. I think the point is actually the opposite: get to a point where you are trading your time for the maximum money possible, so that you don’t have to trade as much of your time for money. The rest of the time, the net time you gain, can be used for things you enjoy.

Good post, John!

By: jsonmez

jsonmez — Sat, 03 May 2014 23:42:00 +0000

In reply to Anton Rudeshko. Well, the idea is that you should use the time effectively. But sometimes even relaxing might be worth paying for.

By: RichardW1001

RichardW1001 — Sat, 03 May 2014 13:33:00 +0000

In reply to Anton Rudeshko.

True, but isn’t that what life is about – having the choice? If you can sustain a lifestyle where you can choose to spend your time how you like, that’s a great thing! It’s a choice about whether you live to work or work to live; if you can earn enough money to keep yourself comfortable, AND have enough free time to be “lazy” i.e. do with as you like, that means you must be doing something right! Money is over-rated, and there’s definitely not a linear relationship between how much money you have and how happy you are. I bet you never find a 30-something year old burnt-out banker in hospital after a heart-attack from working 100 hour weeks chasing bonus cheques who’ll look you in the eye and say “my only regret is not working more”!

This is a great story, with a valuable lesson for all of us: http://www.lifeprinciples.net/SuccessatLife.html

By: Anton Rudeshko

Anton Rudeshko — Thu, 01 May 2014 19:24:00 +0000

What about people getting more lazy with such mindset? I mean that instead of mowing the lawn by themselves, people will pay someone to do it and then just sit and watch TV?