Money
and Time
Money is utilized in four primary ways:
1. To take care of basic needs.
2. To invest for returns.
3. To save for emergencies.
4. To spend on entertainment and
pleasure.
Imagine if all the money earned did not
serve any of these purposes and instead sat idle as currency in the house or in
a bank account earning minimal interest. In this scenario, the money not
invested loses its value due to inflation, while the money not spent on
entertainment creates no lasting memories. Fortunately, with today's financial
education, people are better equipped to manage their money.
Now, let's replace money with time and
apply the same framework:
Time is used in four primary ways:
1. To maintain our personal hygiene.
2. To invest in our development.
3. To save for pursuing hobbies.
4. To spend on entertainment and
pleasure.
Imagine if this time passed without
being dedicated to any of these activities. Such idleness would neither
contribute to our development nor provide meaningful entertainment.
The irony is that while money can be
earned, time cannot. As money loses value due to inflation, we will lose it as
we age. It is better to age gracefully and be valued as a valuable person than
to be seen as a burden in the future.
By closely accounting for every dollar we earn and every minute we use, we can stay financially disciplined and maintain our focus.
M.L.
Narendra Kumar
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