How Much Would You
Pay For Tomorrow?
Can money buy time?
Can you pay for an extra Saturday or another Monday?
Many of you have probably read multiple articles on how time can be bought with money. Financial freedom or FIRE (Financially Independent Retire Early) followers believe that having enough money to not be dependent on working creates more time. There is no such thing as creating more time, it’s about being mindful on how we spend our time.
Everyone has the same amount of time in the day. We have 24 hours, or 1,440 minutes in a day. It’s how we choose our lifestyle, and our priorities, that allows us to have more time to spend on the things that are important to us, not to gain more time.It’s how we choose our lifestyle, and our priorities, that allows us to have more time to spend on the things that are important to us, not to gain more time. Click To Tweet
Even as we trade time for money in traditional employment, we are still at the mercy of the clock and at our choices. If we want for less, then we need less money. This means more choices. If we are creative about our solutions on making money, then it takes less time. You’ve heard the old adage: Work Smarter, Not Harder. This is why I believe you cannot buy time with money. Time continues on, no matter how much money you have.
Years ago, people were raised with the expectation that they would start working early in their lives, and continue working until they are 65. It created citizens that are involved in the workplace, producing income and paying taxes, and being productive members of society. They would work 8 hours a day (more if you were a farmer, for example, but it would even out in the winter months), then go home for dinner and spend time with the family and friends. Today’s positions include the expectation of more than 8 hours a day, plus often weekends and evenings. We are so caught up in our lives and obsessed with money that we forget to spend time on ourselves and on those around us.
I am a firm believer that time will always be available if you make it a priority.
There are so many ways to help keep time in check.
Docket Your Time
By docketing your time, you will be more aware of the time you have, and how you spend it.
- Use an app like Moment, which reports to you how much time you spend on different applications and time spent on your phone.
- Create a docket for 15 or 30 minute intervals where you write down what you did during that time. You may find that you are much more cognizant of
your time when you have to own up to it. Get a simple time docket here from my Etsy shop.
- Freelancers and teams might use some of these apps as suggested by Zapier.com
If you are able to reduce your work hours, a lot of employers are allowing job sharing. Essentially, you work one half of the week, and someone else works the other half. Sometimes you trade weeks on and off. Granted, you need to be financially sound in order to reduce your income by 50%, but you will also gain 50% more time in the interim.
Reduce Commuting Time
Maybe it’s time to move. If you love what you do, but it’s an hour or more away from home, you lose 2+ hours a day in travel time. That’s equal to 10+ hours a week, or 520+ hours a year… the equivalent of 21.6 days. That’s a lot of time you could save by living closer and having a shorter commute.
Granted, this is the most obvious of suggestions. If you can reduce your cost of living, you can minimize how much you work. Maybe you could get by with a lower-paying job that allows you to take more vacation time. Maybe you don’t need to work 60 hours a week and can cut the overtime.
Think outside the box. Can you spend time with loved ones over your lunch, instead of working on the next task? Maybe you can rotate hosting potlucks once or twice a month and ensure you see your family more often. Perhaps you can work from home, and have time with those important four-legged friends instead of going into the office.
My blogger friend, Michael Dinich, shared an article questioning if a recession would happen if more people were to become financially independent. My opinion is yes! We need people to work so that we have trades people, doctors, lawyers, etc. If everyone chose to retire early, we would have a large population of non-working individuals and a shortage of workers. Does that buy time? No!
We never know how much time we have on this earth, which means life is about more than money. It’s about spending what time we are given (you know, that 1,440 minutes a day) doing what we want to do, and what we need to do.
Am I saying that people should work their whole lives? No, that’s not the answer either. Our society runs on the citizens giving back time, and if you are fortunate to have enough money to not need to work, then we need you in other areas. Volunteer. Share your trades. Create opportunities for less fortunate. (Some will argue this is the point – having enough money to allow yourself to do these things.)
We have no idea how much time we have on earth. It could be 75 years or 99 years. It could be 15 years. We have no idea. My opinion is that we should continue being contributing members of our society, live smartly, and enjoy the time we have.
No amount of money will extend your time in a day.
So what time is it that we are buying?
Are we buying more days? No.
Are we buying more months? No.
We are rearranging our lives to make time with loved ones or time for travel or anything else more possible, not by buying time.We are rearranging our lives to make time with loved ones or time for travel or anything else more possible, not by buying time. Click To Tweet
That does not have to cost money. That isn’t buying time. That’s called making memories.
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