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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 $100 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.