Time is Money

Time and time again I’ve heard people say that economy is boring. Well, to that I have only one thing to say: like it or not, you’re living it. When you shop for groceries or clothes, when you buy coffee or dinner, when you go to the bank, pay the bills, bet on horses, work for someone or yourself, when you travel and even when you use the internet, you’re living it. Do you see what I mean? So, it’s better to accept this fact and adapt.

College was a life-changing experience for me in many ways I hadn’t thought it would be. For one, I thought I’d meet many people who were passionate about economics like I was, or at least driven, but there were so few of us. Nevertheless, we made a good group. During this time I learned a lot about myself and the world, but mostly about the value of time, and how much money wasted time could cost you.

This isn’t something you can measure with a really nice watch, no matter how beautiful it is. Like I said, time is money, and the less time you waste the less money you lose. People talk about budgeting money and all that, and that’s very useful and practical, but if it were up to me, I’d say to ditch all that, that’s plan B. I say, you should learn how to budget your time. It’s much more efficient and rewarding. This has never been a challenge for me, personally, because I’ve always been good at time management, but I’ve seen people around me struggle with it while I was at college, and it helped me develop some ideas which I think might help me in the future when I (hopefully) become an advisor to the President.

Here’s an example: you don’t get up on time in the morning, so you get ready in a hurry, and then you get to the coffee shop on the way, and want to get your favorite bagel for breakfast, but morning rush beat you to it and now you have to pay twice as much for a sandwich you don’t even like that much, then you take a cab to work because it’s faster, forget your water bottle at home and have to buy a new one just for the day, and so on, and so on…

So, here’s a little resource I found to help you get started, and I’ll catch up with you next time!