Time Is Money But How Much Money?

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Is this question in the title funny or weird? Probably not because it has deep meaning. Its an old proverb that "Time Is Money" but now my crazy mind asking myself how much the money could be? It was a random proverb to let us know the value of time but yes money is as valuable as time but not always. First priority should be our life, next time and next money. Anyway, these things are philosophical but my article is financial so my discussion topic will focus on finance or economy that belongs to our life.

People set deadline like they will make millions or billions before the age of 30 or 40 so here they fix a price of their time. Some has retirement plan like you’ll work actively till 40 years and will earn huge amount to plan a retirement and traveling to enjoy life more. So here a person using the time to make money and planning to have a relaxing life. But life sometimes go with the flow and things can be change over a night. For example someone planned for retirement after 40, unexpected things often knock our doors and we should be prepare. So what to do?

After retirement we can plan a side business where you can invest a good sum of money to earn handsome amounts. It could be plan A and plan B could be having health insurance or other necessary asset insurance that can help you at your old age or retired life. Health insurance idea is less preferable to me as the money takes time to be processed so having a running business or passive income source can be helpful.

Image by Gerd Altmann from Pixabay

Unexpected things could be many in number so before having early retirement we should use the time properly which can bring more money. After retirement we may take rest but can hire people to take care of your business and assets and give you a percentage from the profit. Passive income could be more helpful like you can buy a house or office space and pick rent monthly from it, I think this could be best retirement plan but buying a new house is not a fun because it needs money and a big investment.

Having a deadline for work is good as having or setting up a goal. Before 40 if its possible to accumulate funds for future passive income then it will support you in your crisis after retirement and this way there will be less chances to be run out of money. So time is money but how much it will up to you. After retirement our life will need to have money to live a better life and money making source will ensure the financial security after retirement. If we plan for early retirement better we have master plan and work on it from now. Time flies and we can't hold it but we can hold our assets that could be crypto currencies or something else.

This is the high time to earn assets and then plan for a retirement after 40. We can enjoy life more when we have no tension of money so only good sum of money can secure the retirement and we should use time wisely.

Thanks For Reading

I've Published it before here: https://read.cash/@Shohana/time-is-money-but-how-much-money-0f3a2339