Time is Money

How do you get the saying that time is money "time is money"? In 1748, when Benjamin Franklin advised young businessman (Pausch) he actually made the word "time is money." Reason why the concept of this time is worthy of our culture Because it takes time to assign time to activities other than work, time develops to value money. You earn rewards for your work, or you participate in other activities and give up on your allocation of funds. Please think of the general phrase "Let's spend time together." When speaking about time, why do we use the word "cost"?

I will start with money for two hours. In terms of innovation, variables affecting time and money vary widely from organization to organization. But one thing is fixed: A good idea without time and money to develop it is just an illusion. Time is really limited. In other words, in order to acquire it as an innovative resource, always prioritizing or executing transactions is necessary. Money can be substituted for time, so knowing how to find opportunities to fund innovation and how to make it is a special skill of its own.

The example I'm asking here is the famous "time is money." Have you ever noticed how ridiculous this is? When we say that time is money, the reasoning is as follows. Because time is money, it is worth it. This is ridiculous, because I think that even one of the richest people in the world can not buy time for money. As an "unavailable" asset, its value depends on its scarcity. It is not the fact that it can be used to earn money. Please think about me. Time can be changed to money, but money can not be changed to time. Logically, is this a precious asset? What?

Time is our most precious asset, but most people are working on their money for the rest of their lives, and after that they finally retire in their 60s. Do you remember the sentence "Time is money?" This is nonsense. Time is 100 times more important than money. If you lose 1 dollar, you can earn that dollar. If you lose a minute you will never get that. Please think about it next time. Time is the most valuable thing in this world and it runs out every day. I do not believe in the exchange time with money, I think the exchange is worth it. I use the entrepreneurial spirit as a means to create products and bring many value to people, but they think that I am willing to pay for it. This is how you generate wealth, that is how you achieve economic independence.