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How money works: It’s About Time

April 27, 2012

How money works: It’s about time

Monday, 31 January 2011 03:50 PM Edmund Lao

Time is money. Photo: AttributionNo Derivative Works Some rights reserved by tlindenbaum.

In previous articles, we discussed the rule of 72 and leverage as allies in our financial goals. In this installment, we will discuss our greatest ally in wealth generation: the power of time.

Time is the most neglected treasure in the world. All of us are equally given 24 hours a day and yet the distribution of wealth is unequal. A lot of people always complain about their financial condition. They just fail to recognize that the state they are in now is the result of what they have done before. They failed to make proper use of time.

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