Time Is Money
While on our transatlantic cruise our dinner table companions were 2 couples in their late twenties/early thirties that had quit their jobs and were trekking around the world. We had some great discussions about life and I gained a lot of insight in to how to travel more frugally.
One thing that stuck with me was the paradigm they operate in when spending money. They viewed time as an abundant resource as they had a lot more time than money. The decision criteria they used is very different than ours these days in which I consider us very time poor.
These globe trekking couples happily trade time for lower expenses in their journeys. Often they would go out of their way to trade a lot of time (sitting in the airport on standby, taking a local bus or walking versus taking a taxi, etc) to save just a little money in their travel.
It was really refreshing for me as I currently have a completely different view on time. I am time poor and now regularly make decisions to save time even if it costs me more money. Applying this to our financial freedom its a good reminder that when we get financially free, time will be an abundant resource and money would likely be a much more limited resource. We would likely make very different decisions when we are financially free compared to our current, very time poor, lives today.
It kinda reminds me of a propaganda sign that I often saw while we were on our temporary assignment in Shenzhen, China:
"Time is money, efficiency is life."
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