The Currency of Time:
You get what you pay for
Have you ever heard the expression, “time is money?” Chances are you have, and that you have an interpretation on what it means. Businessmen and women have used the term in relation to their time being valuable, as to not waste it.
What if I gave you $1,440 dollars a day for the rest of your life to spend or invest however you chose? Would that make a significant impact on your life? How would you spend it? We know that the U.S. Dollar is simply one form of currency in the world today, of which there are many. Currency is not real money as in gold or silver, but a legal representation of it; its value tied to the worth bestowed upon it by the financial system. In other words, it is a only a measured unit of worth.
Now what if I told you that you are given 1,440 units of currency daily to spend on whatever you wish? You are given the currency of time. There are 60 minutes in an hour and 24 hours in every day, so by my math you have 1,440 minutes every day.
The question is, how are you spending and investing your time? Each person on this planet is given the same 1,440 time-units to spend a day. They cannot be saved, only invested or wasted. Now each of us has to spend some of our time-units everyday on things like sleep, eating, commuting, work, etc. just like paying routine bills. Yet we all know that there are plenty of time-units left over that are used indiscriminately.
Again, at the end of every day the units expire, so they must be exchanged for a usable benefit or spent on a harmful liability. I will use the example of one hour:
· 60 time-units = an hour at the gym to improve your health.
· 60 time-units = an hour with the family to improve your relationships.
· 60 time-units = an hour studying a new course or developing a business plan to improve your future.
· 60 time-units = an hour watching TV.
· 60 time-units = an hour doing nothing (beyond times for rest).
· 60 time-units = an hour arguing with your spouse.
What are you spending your time on? It’s really up to you. You’ve also heard the ancient proverb, “you reap what you sow.” The soil is impartial: plant value, reap value; plant junk, reap junk. Your time-units are no different; what you spend them on they will impartially give you without question. Just like the clerk at the convenience store who doesn’t care if you spend your five dollars on candy, gas, or coffee; he simply takes your money and gives you what you ask for. What are you asking for in trade for your time? Spend it today and everyday on something that matters; something that you will look at years later with investor’s delight, not buyers remorse.
Remember, you can always go out in the market place and get more money, but you can never get more time.