If Time is Money
Today I had my buddy Paul Long over my place and we were creating keynotes. While defining success, we ende
d up in a rather deep discussion about the value of money and the value of happiness. He asked me what I considered success and i replied with an answer that would suggest that I am shallow. My reason is more competitive than it is shallow.
Most things in life are subjective. Happiness is the most common answer to the question, but that is too subjective. Happiness to a father could be hearing the blissful laughter of his baby daughter’s voice while watching her innocent smile. The happiness of another father could be finding a good vein to shoot up heroin.
While some men find the idea of being a father repulsive. Happiness for them is having no responsibility, disposable income and free weekends. You cannot debate that happiness is subjective.
Worth is also subjective. One man’s trash is another hoarders obsession. Some cherish every birthday card they’ve ever received. Personally, I throw them away immediately. Some think a $6 salad isn’t worth the money, even though it’s for their own health. That same person would put tens of thousands of dollars into restoring a car.
There is only one universal currencies, no matter your race, sex, views, or religion and that’s money. Yes, I understand money can’t buy happiness. Money can’t make you a better swimmer . You see, there is no correlation between money and happiness.
We hear that famous B.I.G quote “More money, more problems”, and I couldn’t disagree more. Actually, “No money, more problems”. Yes people with tons of wealth still have problems but they are less significant problems. When you strip it down, their problems aren’t really problems. You cannot compare the woes yacht maintenance with the hardships of a family standing curbside of the house they were just evicted out of.
We understand that TIME = MONEY. The inverse property will tell you that MONEY = TIME. We better our skills, we invest into ourselves, we obtain degrees and certifications and do everything in our power to validate making our time worth more money. Because all we really have is time and since time is money, your worth is defined by how much you get paid for your time.
(Value = Money), (Money = Time), (Time = Value). Simple math. This has always been my way of thinking.
If we look at money as points, I want have as many points as possible. Granted, I’ve never been a billionaire, but I’m sure the reason why a billionaire would still work 18 hours days isn’t because of money. They are collecting points to stay in the lead. It’s a the drive for power. Its competitiveness.
This is probably why Warren Buffett is worth $39 BILLION and lives in the same house he bought in 1958 for $31,500. He also drives a 8 year old Cadillac. In Forbes magazine, Buffett said, “I’ve never had any desire to have multiple houses and all kind of things and multiple cars”. He did purchase a private jet, not to live a lavish lifestyle, but to safe time. Remember, time = money. Why does he work so hard and invest his money to make more money if he has no intention of spending it? I could only assume he is collecting points.
Maybe everyone is just lying when they say they don’t strongly desire money. Maybe they don’t want to seem shallow. If time is money, then money is time. If you don’t want the most money for you time, your time most not be that valuable. These were my thoughts as Paul left. And I did some thinking.
The three things that made me reconsider:
At the end of my hotel stays, I always have leftover food. I usually walk around the city and give my food to the homeless. In 2015, after a national tournament in Vegas, I set out at 3am walking the streets to find homeless people to give my food to. I found a man on an overpass and gave him a bag of food, he seemed friendly, so I sat on the floor next to him and we chatted. I refer to him as homeless Harry because I can remember his name and I like alliterations.
He was voluntarily homeless, sober for 8 years and was one of the happiest people I’ve ever met. The owner of a shopping plaza let’s him sleep on a patch of grass behind the shopping plaza, (it’s hard to find grass in Vegas) and he giggled with joy telling me about it. I stayed on the overpass talking with him for close to 3 hours. Upon leaving, I thought that guy is living the dream. I may have forgotten his name, but I’ll never forget his contentment.
W’s over M’s
I understand that Michael Jordan took a pay cut to keep certain players on his team. Before he took the pay cut, Jordan was making $31.1 million a season. He took a $30.1 million dollar pay cut to ensure his championship team didn’t disassemble due to the salary cap. That’s a 97% pay cut because to him, winning was better than money.
Passion over paychecks
Teachers don’t teach for the money, they teach because they are passionate about teaching. The men and women serving in the US military has an average annual salary of about $30,000. The US Census Bureau says the the average annual salary of an American is about $50k. With my theory, the members of the military’s time is worth about half of what the average American’s time is worth.
This shows a huge flaw in my theory. I believe the men and women who serve’s time is worth more than the numeric value given in dollars.
I end this without a new theory but with the maturity to be aware my current theory is flawed. Acknowledging when I’m wrong is one of the greatest assets that I have acquired with maturity.
But with all that said, I still want a lot of money 🙂
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