Time vs Money. It’s an age old debate. Which of these two is most valuable to us? Just about everyone that you meet will have their own individual opinion on the matter. There’s no denying that both time and money are extremely important.
People like to say that “money doesn’t buy happiness”. While that may be true, what is also a true fact of life is that we need money to live. And the more money that you make, the more options end up opening up for you in life.
On the other hand, time is perhaps our most valuable commodity. We all have a finite amount of time on this planet. Where with enough hustle and persistence, the amount of money one could end up making has no limits. Another thing to consider is this — if you lose money, you can make it back. You can never get back lost time however.
So with that being said, does that make freedom of time the clear cut winner? Let’s take a closer look at a few different benefits that come with having more time free to do as you please.
Top 3 Benefits of Freeing Up Your Time
More Time to Spend Doing What You Love
The most obvious benefit of having more time available is being able to spend more time doing the things that you love. Whatever your passion might be, you’ll be able to dedicate more time to enjoying it. Whether it’s travel, scuba diving, photography, playing video games — it’s wonderful having the time to enjoy them as often as you please.
More Time to Spend With Your Loved Ones
The other benefit of freeing up your time is being able to spend more of it with the people who matter the most with you. Having more time to spend with your significant other makes many relationships stronger. And especially for those of you who have children, you know how important it is to be there for the big moments when they’re growing up. If you have the time available, you can be sure you don’t miss the first big game or play that they star in.
More Time to Do Work That Really Matters
Have you ever had a job where you feel like you’re just going through the motions day after day? Doing pointless busy work that really doesn’t matter in the long run? There’s few things that will drain your soul more than doing boring, unfulfilling work. If time was no longer an issue though, you’d be able to focus on doing work that actually matters to you. Maybe it’s a business idea you’ve always wanted to start. Or maybe you’ve just always wanted to get involved with doing volunteer work. Whatever is important to you, you’ll be able to pursue if you’ve got the time free.
So Is Time the Most Important?
From looking at the list above, the benefits of having more time are blatantly clear. More time to spend doing work you love, following your passions, and making memories with your loved ones are all invaluable benefits. There’s no denying how important time is for us all.
Indeed, there are many millionaires who when on their death beds have remarked that they wished they had spent their time better.
However, that’s not to say that money isn’t important as well. And while it’s value may not be quite as high as having more time, it’s still a worthwhile pursuit to make as much money as you need to live the life that you want. That amount will end up being different for everybody.
Some people live extremely frugally and won’t need as much money as someone who likes to live in luxury. There’s no right or wrong way. Figure out exactly how you want to live, and how much you need to do so, and you’ll be happy. This is where the relative importance of money comes into play.
So if both time AND money are important, why not work towards achieving both of them in abundance?
A Third Option — Free Up Your Time While Making Money Still!
It’s no secret that we’re big fans of making money online. And the fact is that starting an internet business is hands down the top way to achieve reedom of time and still make money all at once!
There’s a bunch of different ways that somebody can earn a living online. One of the main goals for many entrepreneurs is to establish passive income systems. After all, now that we know how valuable both time and money are, what could be better than waking up in the morning and seeing that you’ve made money while you were asleep? You’ve already been paid, now you can spend the day as you please. Talk about the best of both worlds!
Here’s the big secret though — the road to passive income is not quick nor is it easy. It will require a huge investment of time and effort up front. In the early days you’ll be putting a lot of time in without seeing much in return as far as monetary rewards go.
However, after this initial period of sacrifice, and with enough determination, you’ll begin to reap the rewards from your efforts. When the passive income starts to roll in, you’ll get to experience one of the greatest feelings in the world – being free to do as you please while still getting paid!
By following this approach, you might end up sacrificing your time in the short-term to chase money. But once you’ve built your passive income system, you’ll no longer have to choose between time or money. Instead you’ll be able to live your life enjoying an abundance of free time and money.
And if you ever decide you want to earn more money? Simply repeat this strategy, hustle hard for a little while and put the time in, and then once again sit back and enjoy the fruits of your labors.
So as you can see, there’s really no need to try and choose whether you want more time or money in your life. With the right strategy, and a lot of hard work and persistence, you can most definitely enjoy both.
If you like this article, share it! And if you have something you’d like to add, then leave a comment below!