Time is your most valuable resource, and you don’t know how much of it you have on this earth. Because of this, protecting time, being efficient, and knowing when to trade money for time is important. Its importance heightens if you find yourself in a situation where you make enough money that you can make more money on your work than completing a menial task, such as mowing the lawn or cleaning the house. You might actually make more money paying someone else to do this.
This isn’t the case for everyone, and there are times in people’s lives where they simply have to lower expenses and be thrifty.
If you find yourself in a situation where the more you work the more money you make, then you need to think about finding time blocks where you don’t work and being efficient with your work.
If you find yourself with a fixed amount of time at work (eg a 40 or 60 hour work week) then you need to figure out how to leverage the time you have outside of work for both enjoyment and to complete the other tasks in your life.
Regardless of your situation, it helps to consider the money-time tradeoff and how some investments of money can lead to more money in the future (and, of course, how some investments of time can lead to money in the future). Thinking this way can help clarify what you should do yourself or hire out and help block off time for leisure and family and enjoyment.
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