Time Versus Money

In all of the conversations, writing, and reading that I have done on investing, the concept of time as an asset has always intrigued me.

I have always heard people say that time is the most precious asset of all and that working for oneself, although demanding, is most rewarding because it offers the flexibility of time.

While on my vacation, I visited a friend who works independently in the financial services industry. He works very hard and is very successful, but he values his time. He has a young son and wants to spend as much time with him as possible. It is vital to him that his career allows for that.

My focus has always been on working hard and earning enough money to become financially free. Maybe my focus should be on acquiring flexibility with my time?

If having time and a flexible schedule is what I really desire, maybe I should work backwards?

Maybe I should focus on earning Time not earning Money?

Visiting with my friend this past week has made me realize, for the first time, that my time is valuable and that working for me on my own schedule is of paramount importance. Now I just need to figure out how it can be done!

Any ideas would be greatly appreciated. Feel free to Contact Me or post comments of any suggestions that you have to help me achieve this goal.

Thanks and have an awesome day!

4 comments

  1. Good article. Unfortunately I find myself working more than I should. My wife keeps me in check most of the time, helping me take time for the family. I get wrapped up in projects and forget what is really important. I don’t want to wake up one day with my kids all grown up and piles of cash sitting around me never spending quality time. I’ll settle for a few short stacks and tons of memories.

  2. Jake,
    Thanks for the comment. It is amazing how we can get wrapped up in things that we find interesting and forget what should be important to us.
    Just last night I found myself working on a project and just like that I looked down and 4 hours had flown by.

  3. Excellent post! I struggle with this. It is my natural inclination to be a workaholic. My department has been averaging 60-70 hours a week since mid-November when we closed a large acquisition. It will likely continue until the end of this month when we file our 10-K.

    > for the first time, that my time is valuable
    > and that working for me on my own schedule is
    > of paramount importance. Now I just need to
    > figure out how it can be done!

    When you figure it out, please post it. There are a lot of us interested! 🙂

  4. D4L,
    I hope to figure it out sooner than later. I’ll certianly post it when I do!
    Thanks for the comment and good luck with your long work weeks!

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