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Time is Your Most Precious Asset

Posted By Jim On 12/05/2012 @ 7:10 am In Personal Finance | 14 Comments

I spent a lot of time writing about money. Bargaineering is, after all, a personal finance blog and personal finance is mostly about money. The problem with writing mostly about money is that you can easily start to think of everything in those terms. As the adage goes, a hammer sees only nails, right? You start to think that the main pursuit of life is accumulating more wealth. You start thinking about trade-offs as simply about being dollars and cents. That would make sense if money was the most precious asset in the world. It’s not. It’s not diamonds, it’s not gold, it’s not any of those things.

The most precious asset in the world is not money.

It’s time.

When you go to work, you’re trading your time for your money.

The amount of money you can accumulate is theoretically very high. It’s not infinite, but the sky is truly the limit. Just look at the list of the richest people in the world. While many have inherited their wealth, plenty have built it themselves.

The reality though, and this hits home during the holidays, is that after a few million, how much more do you need? Those folks have billions. All it takes is one idea, brilliant execution at the perfect time and you should be set for life. But, you can never do the same with time. Once that second passes, it’s gone. You may not know how much time you have left on this Earth but you know, with absolutely certainty, it’s not infinite.

So this holiday season, as people go crazy in the stores buying the latest gadget or toy that the brand marketers have tricked us into believing is valuable… remember that the only thing that is valuable is your time.

(Photo: tonivc [3])


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