… the one observation I’ve found the most useful is that economics is about more than money. It’s about the decisions you make with your time. And your time is your life. Time is money!
— Dan Denning
Life might be a race against time but it is enriched when we rise above our instincts and stop the clock to process and understand what we are doing and why. A wise decision requires reflection, and reflection requires a pause.
— Frank Partnoy
The highest dividend money pays is the ability to control time…
— Morgan Housel (link)
“Being able to do what you want, when you want, where you want, with who you want and for as long as you want provides a lasting level of happiness that no amount of “fancy stuff” can ever offer.
The thrill of having fancy stuff wears off quickly. But a job with flexible hours and a short commute will never get old. Having enough savings to give you time and options during an emergency will never get old. Being able to retire when you want to will never get old.
Achieving independence is our ultimate goal in life. But independence isn’t an “all-or-nothing” — every dollar you save is like owning a slice of your future that might otherwise be managed by someone else, based on their priorities.”
Why has time disappeared in our culture?
— Jacob Needleman From “Money and the meaning of life” p. 29
… How is it that after decades of inventions and new technologies devoted to saving time and labor, the result is that there is no time left? We are a time-poor society: we are temporally impoverished. And there is no issue, no aspect of human life, that exceeds this in importance. The destruction of time is literally the destruction of life.
…
We rarely feel that our time is ‘our own.’ We rarely sense that we are consciously alive, now and here, free from compulsive worry about the past and the future, free fully to experience our lives. The coin of time has been degraded and cheapened to the point of vanishing.”
Don’t worry too much about making money. It won’t change the way you live. Time spent earning enough money is time reasonably well spent. Time earning an excess of money far beyond that required to meet one’s needs, however, is time wasted.
(Link)
No person hands out their money to passersby, but to how many do each of us hand out our lives! We’re tightfisted with property and money, yet think too little of wasting time, the one thing about which we should all be the toughest misers.
— Seneca