Viewing Money as a Factor of Time

Today I’m going to share with you the ultimate secret to financial success and I guess I’ve already given EVERYTHING away in the title already. But yeah, if you want to realise financial success in your life, no matter how little you think you earn, you simply have to view money as a factor of time. What exactly does this mean though?

It’s very simple really, conceptually speaking, but if you actually take the time to make some positive changes in your approach to the manner through which you generate and manage your income, it can definitely work out well for you in practice. Somebody who lives on the salary of a police officer can indeed be referred to as someone who is financially free for example, assuming of course that the stereotype holds water and that the officials under the spotlight don’t really earn what could be referred to as a big salary.

So when you view money as a factor of time you begin to put steps in place which will ultimately seek to free you from having to exchange your time for money in order to take home your monthly wage, go on to spend it all and then have to wait for the next payday, only for the cycle to start all over again and continue until you’re old and grey one day and you can’t really put in the amount of work you used to be able to as a younger version of yourself. Granted, you will probably have a pension to fall back on as part of your retirement planning, but that will never be nearly enough to improve your standard of living. If anything, you’ll probably have to lower your standard of living, perhaps after rewarding yourself with that one “hard-earned” travel stint you won’t even get to enjoy fully because you’ll be needing to take a nap every now and again!

So you can’t go on like that forever. You can’t just keep relying on the exchange of your time for remuneration.

Now I know that your job probably sucks the very soul out of you and you pretty much have nothing left in the tank after a hard-day’s work, so you can’t really think about entertaining business ideas to escape the rat-race with, but you have to muster the strength to start somewhere. You could perhaps look towards investments you can get into, perhaps funded by some money you might manage to free up if you resolve to manage your finances better by reducing debt and unnecessary expenditure, for example.

Money is indeed a factor of time and in order to start valuing it more and spending it more wisely (or rather investing it more wisely), you should work out exactly how many hours’ work goes into the amount you spend on whatever it is you’re paying for. If you earn $20 per hour for example and you’re contemplating dropping $200 on a pair of designer label sneakers, think twice about this decision by viewing that expenditure as a factor of the time you would have had to put in at work in order to buy those shoes. That would be 10 hours blown on a pair of sneakers!

Isn’t there a better way to invest that money, rather? There probably is…