Time or Money?

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There are two precious things for an investors life and that is Time and Money. Every investor wants to have both of them together but it is quite rare to have both times as well as money. Either you will have a lot of time and no money or the other way round a lot of money and no time. Think of an example of a 20-year broke boy or a billionaire at the age of 70. Which one would Investors would choose from these two options, for me, I would choose the first option, i.e. time rather than money.


PC: Pixabay.com

I am not sure about others, but for me the most important currency in the world is Time. Though Money is equally important if you do not have time money cannot buy you time but if you have time you can definitely buy money. In the above scenario, 50 years is worth being a billionaire. Again if we increase the amount to 10 times, even though people will still choose the time partly because they know how precious the time in our life is.

When we are young we have a lot of time and have sound health but what most of us lack is money. Since time and energy is by our side we can do anything we would like to do and thus most people will choose the first option. In the later stages though we have money we cannot do certain things which can only be done when we are young. Either we will not have energy or we will not have good health to do it. Having a lot of money with poor health is actually a waste.

That's why the concept of FIRE is so much popular because people do not want to earn till 60 years to retire and live peacefully, they would want to retire at 40-45 years and thus they will still have some time left with them along with the money to enjoy the life fully. There is another concept similar to FIRE is YOLO (You Only Live Once). People who are following YOLO actually know that the time gone will never come back again.

These two FIRE and YOLO are actually extreme, you do not want to live miserably to retire soon or you would not want to go broke at later stages if you have tried YOLO. But what we can actually do is to manage both of them equally. Like for example, why we would wair for working 20 years before taking the whole retirement. We can do that every 4-5 years with mini-retirement, like taking a break for 3 months and doing our hobby and then start working again. Continue this cycle until you are actually ready for retirement.

The point is what's the point of staking a lot of money when you will not have time to enjoy it, it should be a balanced life where when you have money remaining after investment you should enjoy with that money to live a much happier life.

Posted using LeoFinance Mobile



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Very good points. That's why the best thing is to be somewhere in between. Take up jobs which will give you enough time to enjoy your life even if they don't pay that well. That's what I try to do.

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That's a great thing to do, enjoying as well as earning.

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