Time Is Money!
Now that we have that concept firmly in our mind lets go a step further. We all have a finite amount of time allotted to us in this life. It is different for each of us of course depending on a lot of variables such as genetics, lifestyle, environment and luck. But for arguements sake lets say each of us has 70 years or 613,200 hours in our lifetime savings account. That comes out to 613,200 hours. Unfortunately in our lifetime savings account, we don't draw interest so that is all we have. Of course about a third of this account will be used up in sleep. We can use the rest in any way we want. Now each hour of that time has a value. Each of us spends at least part of our time each day working to bring in money. The monetary value of an hour of my time will be different from the monetary value of an hour of the next persons time. For arguements sake lets say our time is worth $20 dollars an hour in the market place. That is what we actually bring home for an hour of work after all the deductions. Now lets go purchase that car we talked about earlier. We will buy a cheap car for say $20,000. Hard to imagine that this is the price of a cheap car but that is the reality of the times we live in. So out of our lifetime account that car will cost us 1000 hours of our life not counting the interest, insurance, etc. The point is that when we purchase something, we are not handing over pieces of pretty paper, but chunks of our life that we will never get back. This is necessary in order to obtain what we need to live. The question we have to ask ourselves when we purcase something is whether or not that item is worth the portion of our life that we are going to have to give up to obtain it. That is the real cost of an item.
So that is my arguement that the only currency we actually have is time. How are you investing your currency? After all, "time is money"!