What is the relationship between time and money? Do you really know?

I have often thought that time and money are a lot like matter and energy. Physicists tell us that matter and energy are convertible or exchangeable. Matter can be transformed into energy and energy into matter. Indeed the famous equation by Einstein E=MC2 is evidence of this ability. I believe that the same is true of time and money. If I have a great deal of time, I can do things that it would normally take money to do. For instance, I can do my own home repairs, car repairs, house cleaning etc. On the other hand, if I have lots of money, I can exchange it for time by paying someone to do these things for me and thus creating more time for myself. My theory about time and money helps me relate my time and money to each other. Thinking of them as interchangeable allows me to prioritize both my time and money and to conserve on what is most important to me. I do not treat either as them as fixed and immutable.

If I job needs to be done, I simply review my priorities and my assets (time and money are both assets to me) and decide the best way to get the task done. I might pay someone to mow my lawn if I want to do something else more productive or fun or I just might do it myself. I do not feel that I have to do all of the chores or tasks in my life. It will all depend on what it happening at that time in my life and what my goals and objectives are. A great deal will also depend on what I really feel like doing with my time and money. Without this theory, it is very easy to let people pressure you into spending time or money that you would rather conserve or exchange. For instance, I always pay a shop to do my motorcycle oil changes and tune-ups. I would rather be out riding than repairing my bikes. Many bikers abhor the thought of anyone working on their bikes. I have friends who spend more time repairing and fixing their bikes then they do riding them.

What is most important to you today? Are you sacrificing time for money when you would rather have more time? Or are you sacrificing money for time by paying to have something done you could do yourself? Are you happy with your balance between the two?

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