Time Vs Money: What is more valuable?

Time vs Money: Which is more valuable?

Dear Reader,

My name is Shiva Krishnan and I am a Social media marketer, author , blogger, marathon runner.and and a You tube Video creator ( this is my Channel link https://youtu.be/92POg6j2bac) 

Welcome to my blog.  Hope you are doing fine . As mentioned in my previous blogs, my blogs are for those who are seeking positive things, powerful, empowering stories and most importantly tips on solving a problem and my blog is not for those who are seeking grammatical perfection 

So today we will discuss about a very important topic something that can bring a small but very important change . In fact this is a major thing that distinguishes between  successful people and those who do not have any success . Now if you were to ask any successful person, was there any particular date or incident that bought some  change if not a major change  in their life? The answer would be yes. So similarly after reading this blog, I hope you start to see some change in your life provided you implement it. 

So as the topic suggests it is about Time vs  Money Ask any successful person if they would give a day of their life for nothing? Why go so far, ask them if they would give 1 hour of their time for nothing. The answer is No.  You may find successful people doing handsome donations but they are extremely conservative when it comes to time. It is said that money that has been lost can be recovered but the time that has been lost will not be recovered . I will share some valuable insight from one of my close friend's life and I may share his credentials later on when he permits me to disclose his name. Throughout his life, he acted upon advice given by people who were not worth his time or money. He belonged to a lower middle-class family in Mumbai, India.  He started earning money at the age of 21 and prior to that, an unsuccessful person gave him advice on how to manage money. He, however, did not receive any advice related to time. So acting upon the advice given by an unsuccessful person who happened to be his relative, he began giving his hard-earned money worth 7 to 8 lakh Rupees  ( lakh is a mathematical term for one hundred thousand) to a person with whom he had shared a close relationship and so this amount was invested into a property loan and he was forced to sign on the loan documents. At the end of the loan tenure, there was a big surprise waiting for him. He was manipulated to sign on a document indicating that he had no stake in the property document and that he agreed to transfer property rights. This was a huge blow for him as he was not prepared to expect such a big painful loss.  By this time this property was worth 40 lakh rupees i.e Four million rupees and so eventually his hard-earned money where he had stake worth  approximately 20 lakh rupees which is over 2 million and  he felt he had lost a fortune. This was a little complicated deal that he was a part of. Adding to his sorrow he went into debts as his business also went down and to save his business he took additional debts and eventually he went completely bankrupt and he is regretting mistakes he made and his major regret was not him losing 2 million worth of assets but the time he 
had wasted. From age 21 to age 33, he had blown away 43 800  hours ( 3650 hours per year at the rate of 10 hours  per day multiplied by 365 which gives you 3650 and this 3650 multiplied by 12 gives you 43 800 hours) 
and those hours had they been invested in other ventures which would have paid him 3 to 4 times or much higher than that not just in terms of money but happiness, Good will etc.  He was earning a fixed salary on a monthly basis as most middle-class people do. So as he started working in 2008, had he saved some money and then invested slowly and gradually into those things which pay him money per hour, per day he eventually would definitely have earned way more than his cumulative income combined over many years. 

His problem was that he was not taught the value of time. By 2009, there were many opportunities which when calculated would have paid him on an hourly basis rather than fixed income on a monthly basis. Take for example money made online such as social media marketing and other platforms which were pretty new compared to the present situation ( although social media still is in the developmental stage with trends favouring social media) and  social media  would have definitely earned him much more money  in an ethical and legal manner. Now this person is doing somewhat fine and he learnt the value of time and moreover whom to trust and whom not to and again that also  is part of a term called time investment.

Now let us take a few examples. Two people called A and B and they work for XYZ company in Mumbai. A has a fixed salary of 35000 Rupees and his office is based in Churchgate Mumbai and he lives in a suburban area called Virar. He spends nearly 3 and half hours of his time travelling ( ask any person who is a local resident of western Mumbai and you can verify the travel time on Mumbai local train). Monthly rent of A is 10000 Rupees and after deducting his expenses he easily saves 13000 Rupees every month.  B follows similar travel pattern. Now A does not invest his time and spends his time in meaningless activities. B however during his travel does read a lot of books on subjects such as sales and marketing, human relations, business, finance, online business etc. After 2 years of intense study and researching over the internet, B decides to take a risk and make a decision on cutting down the time spent on travelling. So B who also has saved money like A decides to relocate to Churchgate Mumbai so that he could live close to his office. With a savings of 3 00 000 ( Three hundred thousand) Rupees in his account he gets intimation from his bank that he is eligible for a loan of 3 50 000 Rupees and so after his loan gets approved, he has 6,50,000 Rupees in his account.  He decides to pay 3 30 000 to his landlord ( 33000  is his monthly rent and 10 times this amount equals 3 00 000 . In Mumbai a tenant has to pay 10 months rent as security deposit. Yes, one can research room on rent in Churchgate Mumbai and there are nearby areas where one can get a room on rent for this amount that I had mentioned here. Anyone can do research on this   ). With the remaining amount that B  has with him, he wisely invests a portion of this amount into his part-time job (online venture)   and after few months of failure, he starts making decent money- $10 per hour and so he earns $30 as he invests 3 hours into his part-time job which in the case of A would have been wasted and he works Saturday and Sunday and his part-time income fetches him $1300 every month and upon converting this into rupees, he gets 98800 Rupees (at a rate of $1 = 76 INR . More or less B would have 98800 Rupees )  and as this is his revenue generated from a part-time job, this amount is in addition to his fixed salary from his current job. So his take home earning stands at 133800 Rupees and within 5 to 6 months he forecloses his loan and at the end of 4th year, B has  17 00 000   which is 1.7 million in savings as against the savings of 6 40 000 Rupees done by A. So if you do the math you can see B has earned more money than A and savings of B is now 2.65 times higher than A. And at the beginning of 5th year, B makes more  progress as banks become more willing to lend him additional money keeping into mind his excellent repayment history, his savings, his tenure at his job etc.. This allows him to do charity work as well which adds to his goodwill.

So if anyone amongst you has thought that this is not possible by someone in the middle class, I can show you several examples who have risen above their lower-middle-class standards and while there are many examples of people who had decided to invest time and made money from it, one good example is Manoj Dey. He is a YouTube channel creator and he had mentioned that his income from YouTube does equal 1 00 000 Rupees on a monthly basis  or more than that. Not just him but there are quite a few examples 

Now for the last two months, I have been investing my time into productive things such as learning. I have already completed two courses from Cardone University and I have completed Phase 1 of the training program conducted by Tai Lopez.  Prior to March 2020, I have done many training programs as well over different periods of my life and they have added more value. Now I am still in the process of learning many valuable things 

So to summarize successful people have the same amount of time that we have.  But then why is it that they have more success? Because they know how to invest their time. So time is more valuable than money and I really hope that this blog does help you to change your thought process regarding time 

Thank you for reading my blog 

Have a great day 

Regards 

Shiva Krishnan