Money and time are the two sides of a coin. We can trade one of the other. For example money can buy us time and that is why we spend it for physicians and medicines after being diagnosed with a life-threatening disease and on the other hand, the more time we get, the more do we have the chance of accumulating money. The system of interest rate against any amount also follow the same formula; with time it increases its value, it may be either an unpaid loan or an outstanding bill or it may be a savings bank account, depending upon the nature of money put in. Time is also a deciding factor that determines our money-earning age and requisites and thus the time when we retire needs all the financial planning from beforehand. ‘Time is Money’ is an old saying that continuously reminds us that every second we lose in unimportant pursuits, actually part us of our net worth of making money. And that is why since our childhood education till the day we search for employment, we are advised to abide by a time-table that defines our action and results.
If we take a closer look, time also defines our payment amount and cycle at the end of each month, which sometimes makes us do that overtime do get that extra money. Saving time by working smart therefore is always appreciated as the extra time can be utilized in making more money or business. The thoughts of retirement which provoke people to gather, earn, save and accumulate more money simply follow the basis that the time to earn a living is limited, thus work out to make the best deal out of it, till it is with you. Evaluation of time’s worth is assessing the worth of money itself as the more time you have in hand, more is your opportunity to make money.
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