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Time vs Money

You can trade time for money; this is what we do when we go to work.

You canโ€™t trade money for time. While there are things you can pay for to save you some time, there is a limit to what you can buy. You canโ€™t buy more hours in the day; we all have the same 24 hours to work with. You can however pay for services that then allow you to use your time more valuably.

This works if:

  • Someone is selling the service you want
  • You can afford the amount theyโ€™re charging
  • Youโ€™re getting at least that much value out of it.

Itโ€™s worth noting that โ€œvalueโ€ here is not necessarily monetary value. It can be, but it doesnโ€™t have to be. You may value paying someone to shovel your walk because your mental and/or physical health will be better as a result, even if you donโ€™t get direct monetary value from that. Conversely, spending 100onsomethingmayallowyoutoinvestyourtimetoget100 on something may allow you to invest your time to get 1,000 of value, but the actual monetary value may not be what youโ€™re looking for.