Time is more valuable than money
It’s a shame that money is valued over time as a paradigm of society as a whole.
Whether it’s some investors supplying funds to a venture, or people in their own minds selling their services, including their time to an employer for those in a job, the pinnacle of the value tree is seen as the money, not a person’s time.
It’s one of the reasons people so undervalue themselves in business (selling to a client) and employment (selling yourself to a business owner/manager). Most people sell themselves short.
They undervalue what they can help a company or client achieve, and they spend their time recklessly in pursuit of proving to themselves that they are worthy of the crumbs they’ve been thrown, striving to demonstrate that they are worth more, mostly to only solidify the perception of the maximum remuneration value they are entitled to instead of the actual value they should receive.
The real value in both of these scenarios is actually the outcome. For this article the focus is the time money tradeoff.
So think about this for a moment though.
No country has enough printed paper/plastic (in the case of at least Australia) money and pressed coins to enable every man, woman, child and business to withdraw all of their money in cash. In fact more than 90% of people would be unable to get anything if the remainder withdrew everything they had.
So accepting that money is something that is not real in the physical sense, what is it?
Money is simply a representation of the value we perceive. It’s only real in so far as we make it real. For the rest, the greater majority of money is simply numbers on a screen.
If we all collectively decided tomorrow that the Dollars, Euros, Pounds, Yen et al had no value and instead decided that cow manure was the new currency the most extremely wealthy person would be the one with the most cows, and endless lush green rolling fields with a freshwater stream running through with which to feed them.
I’m not saying abolish the monetary system, at least not in this article. The simple point here is that money is a representation of our individual and collective perceptions of value for any given product, service, or thing. It is a mindset.
In the same way we have a mindset about time. For the majority of people the reason they struggle to achieve a higher value for their time is because their mindset about the value of time is subordinated to their mindset about the value of money.
So what happens if you flip the two. Your time now becomes more valuable than money.
It doesn’t mean you no longer desire money or perceive it as valuable. You do perceive it as valuable only less valuable than your time.
You also still desire it because it is something with which you can acquire stuff to make life more enjoyable for you and your family, with which you can do good things and help other people, with which to secure the ability to acquire future stuff for yourself and your family, and with which you can secure your future ability to continue to do good things for others.
So now time is more valuable to you than money, what happens next?
You start to demand your real value. The outcomes you bring to any interaction, venture, engagement.
Provided you know the real value you bring this is easy. It’s also where a lot of people stumble and fall. They know what they can do, they just don’t know how to express that in terms of value of the outcomes they create. So they end up selling their time and not the outcome they enable, facilitate or deliver.
Changing your mindset is simply a mental switch you flick. Should be easy enough right?
In principle yes, and when you understand some basic principles, most definitely, always easy.
For some people it will be instantaneous. For others they will need more time.
The time to start figuring out in either case is now. The time to do it is also now. However much time you need to figure out the value of your time, now is when you do it.
Realise your true value, and what is truly valuable to you, now!