Many times people wonder what is better with the classic time vs money trade-off . And it is clear that if they do not have time, they cannot transform it into money either. But the reverse is not always true, money does not have to give them time. Hence, on numerous occasions they doubt whether it is better to have one or the other. In today's post we want to make an analysis of this dilemma.
What do we value more: time vs money?
Paradoxically, two concepts are going to be compared that have nothing to do with each other, but which have several common characteristics. For example, both time and money can be lost, managed better or worse, saved . But how do we value each one? Many times we go unnoticed the weight that each one has, but it is always good to evaluate them.
Time cannot be won
Although both resources have an end to people's lives, only money can be earned. This implies that time cannot be won. Although it is possible to carry out certain activities that lead to a greater or lesser extent to preserve it. Here's the beauty of finding a balance .
Change of value in time and money
On the other hand, there is the idea that people with more time can think of better ways to invest the money. And the more money, the more they will enjoy their time. However, here comes another issue that must be taken into account. Money changes in value (devalues or increases), but time always remains in the same measure . This means that money can be considered as a long-term investment. While time would only serve to launch projects in the short or medium term. These projects in the future would give money as a result and that billing should vary according to the value of money.
Time is a zero cost resource
Now, we need to put another question on the table. Everyone, a priori , has the same time . And this is a zero cost resource . Therefore, the correct management of time and money; it can make a person have a more or less pleasant life. Thus, by managing time properly at work, tasks can be completed in fewer hours and thus enjoy more free time.
On the other hand, a person who manages their time well and performs their work in part-time (4 hours). You could spend an additional 1 to 4 hours on a second way to get money. Therefore, it is clear that time and money are linked and interrelated with each other, but time is the only one that cannot be earned.
Ultimately, faced with the time vs. money tradeoff, it seems clear that time occupies a privileged position because it cannot always be exchanged for money. However, it is clear that time allows you to devise ways to earn money. And, since money does not bring happiness, time is the most valuable resource .