Comments on: What’s More Important: Money or Time?

By: jim

jim — Mon, 25 Jun 2007 16:03:22 +0000

I just upgraded to the latest version of Wordpress… i wasn’t aware that it had gone back to partial posts. Let me look into it… thanks!

By: Dustin

Dustin — Mon, 25 Jun 2007 15:56:08 +0000

I would have to weigh the direct benefits of the time I actually spent at work above normal versus the activity I would be giving up. At this point in my life, I think I am very close to your position though.

Also, why did you go back to partial posts in your RSS Feed?

By: Scott

Scott — Mon, 25 Jun 2007 05:12:42 +0000

Not even close-TIME.

The only reason you should be working is so that you can have your investments and wealth support you so you dont have to work and your time is all yours.

Otherwise, resign yourself to working for others and never having money or time.

Money comes and goes, is lost and remade. Time never returns and you can not have more of it, motgage it, leverage it or buy more of it. Period.

A wiseman once said…..cost is only a consideration in the absence of value. Money is only a consideration in the absence of time.

By: Super Saver

Super Saver — Mon, 25 Jun 2007 02:30:47 +0000

Jim,

A good provocative question. As I thought about it, I decided to frame the question a different way.

For me, it’s only about time. We all have 24 hours day and once it’s gone, we can’t get it back.

The new question to me is: What do I consider the best use of that time? Making money? With family and friends? Learining? Or Entertainment? Probably different answers for different stages and situations.

By: Brenna

Brenna — Sun, 24 Jun 2007 18:35:26 +0000

Personally, my time is worth more. I’ve turned down higher paying jobs because I actually want to keep sane and also have a balance with my life. I’ve taken lower pay to have a shorter commute which actually gives me more time to do things that could give me more money in the long run. My goal is to work smarter and not harder.

By: dong

dong — Sun, 24 Jun 2007 15:13:19 +0000

I mean in the end it always depends how much time or money you have at hand. Unlike money, you can’t store time, and it certainly doesn’t grow by compounding. I would almost always argue that time is more valuable than money. You can always turn time into to money, but not vice versa. This is not to say that I don’t think that someone shouldn’t work hard and long, but it really should be done in way to create more time in the long run for the things you love (and hopefully the things that love you back). I think too many people get too caught up by work, and lose sight of that. Have a long term plan and I think you’re fine.

By: Art Dinkin

Art Dinkin — Sun, 24 Jun 2007 12:03:01 +0000

You are not alone. My personal pet peeve are the automated phone attendents when you have to input your account number, zip code, navigate a maze of options, and listen to answers to questions you don’t have. Finally when you get a live human being on the phone, they start their list of questions before they even ask why you called! All in the name “of providing service”!!??!!

How about asking what I need before you waste my time assuming you know?

By: Rogers Place

Rogers Place — Sun, 24 Jun 2007 04:10:22 +0000

In the company your time is money. In the eyes the the nations largest retailer W****rt your time apparently isn’t worth much. Computer scheduling to improve their checkout personnal to save them money, because time is money and you can’t have a checker standing doing nothing for too long.

But it’s ok to waste my time, it’s money for me, maybe I have to pay a $10.00 late fee to the daycare because I had to stand in line for an extra 15 minutes I should not of had too.

How about if I just got tired of waiting and abanded my cart with $345.00 dollars in it. Maybe then they’d realize MY Time is money too.

By: Art Dinkin

Art Dinkin — Sun, 24 Jun 2007 02:25:33 +0000

I like your analogy of the slider, because it has been true in my career. Mind you, I have always been self-employed or paid on commission. For me, time always was money. I started at age 23, single, and about all I had was time. I was either at work, or studying professional topics at least 12 hours a day during the week and on Saturdays I would only put in 1/2 days… 8 hours.

My life is nothing like that now at 41 years old. I am married with 2 kids and a dog. I love my work and I am excited to get to the office every day. I generally work about 8:30 – 5:30 Monday through Thursday and 8 – Noon on Friday. Weekend work is almost a thing of the past. Occasionally I work in the evening after the kids are in bed, and sometimes I take a day off to play or be with my kids.

There is definitely less stress in my life as it is more balanced, and my income increases as my practice grows. So much of that early effort was spent building a practice which now requires less effort to grow. Ben recently made a good post which I thought was insightful.

By: Dennis

Dennis — Sun, 24 Jun 2007 01:59:00 +0000

Time is a precious and limited resource. If you’re able to find a job that you truly a joy, the time spent working shouldn’t seem as “costly”.

By: cami

cami — Sun, 24 Jun 2007 01:14:48 +0000

While I think that for many people, myself included, the slider may shift from work to time as life progresses, I think that you can have the slider too far into the work zone even if you don’t have a family. For me, I plan on using my time even when single and young. There are books to be read, activities to volunteer for, places to go, and new people to meet. While it’s great to step back and reassess your priorities once you have family, I think it’s important to do that while your still young and single. We have no guarantee how long we’ll be hanging out on this planet; we might not make it to the point where we have a family, but I don’t think that means that we shouldn’t value our time.

Btw, they vaccinate against chicken pox now, which I think is kind of sad (it was a rite of passage when I was a kid).

By: Zook

Zook — Sat, 23 Jun 2007 20:46:01 +0000

Man…I gotta side with time…

I think many folks that read quality blogs like this get the idea that you can have your cake and eat it too…

I would like to think that I never need to make $250K a year to be happy…I dont make anything near that, yet I have nice clothes, nice cars, nice condo, wonderful wife, great family and travel as much as I can. And I am not in debt and save as much as I can.

But with a gun to my head, I would side with time. If more folks would spend more of it with their family, we would be better off.

By: Jason

Jason — Sat, 23 Jun 2007 19:50:02 +0000

You’re absolutely right; the slider does move. It really all depends on where your priorities lie. Right now, with few hard and fast demands on your time, you should focus on making the money; you’re going to want it later on. There are some people who’s focus never wavers from their career, even once a family enters the picture. If you subordinate your family to your job, for whatever reason (if you feel like your contribution is earning more money so they can enjoy life, or whatever), it’s something you have to live with. It’s really not right or wrong, and I don’t want to be a person who says “Your priorities are screwed up”. I know the decisions I’ve made, but it’s not fair to say that they are the empirically “correct” decisions. Good post.