Is relation between time and money inversely proportional?

Posted by on Jul 12, 2017 in Save Money, Saving and Investments | 0 comments

There are different ways to find financial solutions. To avoid experiencing any financial failures keep a track of how frequently you spend money and in what kind of activities. Ask yourself are you spending too much money on shopping, buying groceries, buying gadgets that you do not need, paying for expensive subscriptions etc. Instead, you use the money wisely. For example, you could use the money to further your education or learn some new skills which in return will help you generate more income.

It is important to develop a habit of being thrifty. Borrowing money is a bad habit and can lead you to some massive financial debts in the future. Avoid borrowing and if borrowing is not absolutely avoidable, for example when your first home, in that case, make sure to borrow the minimum amount. First, assess your needs against your wants. Do you really need to borrow a lot of money to buy an expensive home? Do not borrow beyond your means; only borrow money to an extent that you are able to pay back your debts easily without causing yourself extreme stress and health risks.

Time and money both are precious assets and it is up to us to decide to use them wisely. Also, we need to decide how we get the task at hand done in the best way given that we have both money and time in our hand. Time and money both are mutable, they have a flow, and it is often possible to interchange one with the other. Thus for all practical purposes, time and money are inversely proportional. Knowing this basic fact allows people to do what they do best. For instance, if I had more time on my hand I would personally do the laundry, grocery, cooking, gardening and so forth. However, if I am hard pressed for time and have sufficient money I would definitely hire a proficient person to do the work on my behalf. In this way, I would free up my time to do things I love the most.

When you experience financial security you will be fulfilled. You will experience much personal joy and be able to live a life that does full justice to your talents, dreams, and aspirations. Your continuous effort to be thrifty will help you achieve a sense of joy and wholesome.

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