“Time is money,” the saying goes. You’re paid for your time with money, and you pay for the time of others with the money you’ve earned. Projects that don’t earn money aren’t worth your time, and projects that take too much time must make extra money.
While money can be replaced, time cannot. However money can be just as valuable as time, assuming it takes time to earn money. The alternate view is that money should not be earned proportional to time, but rather to value, such as through royalties, salaries rather than hourly pay, or fixed-input services like entertainment or computer software, where the initial cost is high but reproducing the item is cheap. This way, you continue earning money without further input of time. The ads on this site are an example of this: while I blogged nothing last month, I made $155 from advertising and affiliate commissions.
Most people spend too much time earning money or earn too little money for their time. The world is divided between work-o-holics, philanthropists, and lazies: capitalists and socialists. When I volunteered at the local public library, I learned that volunteering does not present a good money to time ratio. In fact, it’s a net loss, considering the costs of gas, food, and clothes.
While the IRS taxes “income,” there is really no profit to be had in income. While you may earn money at your job, there are countless expenses: your housing, your food, your car, your insurance, your gas, your clothes, your water, your electricity. It could be said that you have no income, because you’re losing as much as you’re gaining: you trade $50 worth of time and effort for $50 in cash. A large quantity of energy can be converted to a small quantity of matter, just as a large …
