Spending vs Investing
Creating an Investment Plan for Your Time
There are interesting similarities between time and money. You can trade time for money (i.e. have a job). You can also exchange money for time (outsource mowing your lawn, for example).
Everyone knows that you can invest your money. But have you thought about the concept of investing your time? If not, you definitely should think about it. Because while you can trade money for time, you cannot buy more time. On the other hand, you can always make more money. But each of us has a limited time here on earth, and we usually do not know how much time we have left. And it is almost certainly less time than we hope.
That should mean that we really value our time and that we use it wisely. If only that were true.
When it comes to money, if someone has a bit of it, they typically start to make an investment plan. Given that time is a non-renewable resource, I argue that we need to create an investment plan for our time as well. But you don’t often hear about people doing that.
If you do not make a plan for how you will invest your time, you will likely just spend it, much like you do with money if you don’t put thought into how to use it effectively.
