Time is NOT Money!

Photo by Anshita Nair on Unsplash

Time is far more precious and irreplaceable than money.

Money has an exact price. A dollar is a dollar. A bitcoin is a bitcoin.

Money consists of objects that are worth exactly the same to everyone for every purpose on earth at the same time. (Sort of).

It is time that shapes and alters the value of money. Your time.

Since jumping all the way into the Web 3.0 world, I have done a refresher course on the value of time.

It is precious cargo and we give it away for less than the current cash value of that time every day.

You can always make more money. Print more fiat currency. Mine more crypto. etc.

You ain’t minting more time. An immutable truth.

Basic math:

Put a stake into the ground as to what you want to accomplish and when -- backpedal from there to this moment -- divide your accomplishment by the days needed to accomplish it and then force in some kind of accelerator that will increase the value of those days in direct proportion to the proximity of the goal.

Now you have a bill rate for yourself.

I think you will find your time today is worth FAR more when you consider that defined goal. Now take a look at this week’s calendar and calculate the cost of every hour.

The personal and priceless time expenditures (family, friends, fun) must also be considered, but at least now you have a rough real-world cost calculator.

The professional time expenditures MUST yield greater ROI than your bill rate.

Or, you are losing ground towards your goal(s).

Time is NOT Money…Time is truly scarce and the only currency that really matters.

Previously published here.