As an American kid growing up in the 1980's, I heard the expression ‘Time is Money’ a lot. It was the catch phrase, or perhaps label, of a certain class of professional, career driven, movers and shakers that for many people defined the USA at the time. It was not, however, an outlook that I ever subscribed to. For most of my life, I haven’t been that concerned with making money. Sure, having money was better than the alternative, but at the highest levels, I just wasn’t that interested in most of the things that I thought money could buy.
Over the last year though, my whole vision of personal wealth and finance has turned dramatically. I realized something that any beginning student of logic or mathematics should have been able to point out. If Time = Money, then the opposite must also be true, Money = Time.
I am forty years old, but I don’t think I have ever heard anyone say ‘Money is Time’, despite the fact that we all understand this to be true. We all know that if we had enough money, we could quit our day jobs and do whatever we wanted to do. We all know that if you manage to save enough money over your working life, you should have enough money to retire. In both cases, you are using your money to essentially ‘buy’ time. How much is your time worth? How much would you rather have more time than most of the things you actually spend money on?
I'll leave this with you for the moment, dear reader.
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This week, I have made a small, but I hope important change in my life. Looking over my finances, and factoring in the money I have made as a writer over the last couple of years (mostly from Frostgrave), I have decided to go down to 4 days a week at my job. I am going to use this extra time both to spend more time with my family (and help out my wife with our two young children) and to devote a specific bit of time every week to writing. It is my hope that freelance writing will be able to slowly replace my other work and reach a point where it can support me and my family nearly completely.