Comments on: Time Is Money. And Money Is Time.

By: Joel

Joel — Fri, 29 Oct 2021 13:10:52 +0000

In reply to Angie. Great realization, Angie and you're right about diminishing returns!

By: Angie

Angie — Thu, 28 Oct 2021 20:27:30 +0000

Agreed – time is definitely money. And I’ve been guilty of taking it too far myself by doing a day job that was already paying 6 figures and sneaking off to drive Lyft while working so I can earn a few extra books. I’d also keep driving until like 2-3am at night, having to wake up the next day to get to work lol.

And then I realized that I really should only trade time for money if one unit of time equates to much more money than I can currently make at my W-2. Otherwise, I’m burning my otherwise free time as diminishing returns on money I feel like.

By: Joel

Joel — Wed, 29 Sep 2021 15:55:55 +0000

In reply to Adam. Freaking amazing. What a legacy to leave. Makes me want to do the same kind of thing and come up with a good 200 years plan.

By: Adam

Adam — Wed, 29 Sep 2021 13:34:05 +0000

Franklin definitely knew a thing or two about investments and compounding:
https://www.historynet.com/ben-franklins-gift-keeps-giving.htm

…not sure I or anyone I know is as generous and foresighted, but I imagine my perspective will shift if I make it to my 80s.

By: Joel

Joel — Mon, 27 Sep 2021 18:28:13 +0000

In reply to Maria L Ayres. Getting rid of stress is for sure worth spending $$ on! Good one Maria!

By: Maria L Ayres

Maria L Ayres — Mon, 27 Sep 2021 18:24:33 +0000

One of the added benefits, I have found, is the stress relief in paying someone else to do a chore. I have my yard mowed, weed whacked and cleaned up; knowing it is going to be done every week is a great stress reliever to me. Not spending my free time on it; I have 1.5 acres, but knowing it will still look lovely is worth the price.

By: Joel

Joel — Mon, 27 Sep 2021 16:03:24 +0000

In reply to Ben. Cheers Ben! Nice APP by the way!! Love the time component as it's a huge driver for Financial Independence.

By: Ben

Ben — Mon, 27 Sep 2021 15:33:22 +0000

Love it! Thanks for sharing this Joel. Reminds me of one of my favorite Thoreau quotes:

“The cost of a thing is the amount of what I will call life which is required to be exchanged for it, immediately or in the long run”

Thanks for highlighting that it’s a two-way exchange rate!

By: Joel

Joel — Mon, 27 Sep 2021 14:38:57 +0000

In reply to Financial Samurai. Nice motto! You've certainly earned it :)

By: Financial Samurai

Financial Samurai — Mon, 27 Sep 2021 14:00:41 +0000

Makes sense to me. And as you get older, the more you a value time over money. Probably because your best time, and partly because you have more money.

My motto for the next decade is, “do what you want!”