Time is the coin of your life. It is the only coin you have, and only you can determine how it will be spent. Be careful lest you let other people spend it for you.
~ Carl Sandburg
Time. We can give it, receive it, plan it, take it, spend it, save it, invest it, waste it, kill it, or fill it. We can run out of it, but we can’t stop it. In investing as well as in life, time is an asset. It’s a depreciating asset but it does have some trade-in value.
The clichés surrounding time are too numerous to cover in full and they often contradict each other: Time is priceless. Time is money. Those statements sound contradictory at first, but if you think about it, both say that time has value.
At this time of year, let’s forget for a moment about the time value of investments and concentrate instead on the value of time. Why not give some this holiday season? Give some time to your family, friends, co-workers, and strangers. After all, giving back is a key part of our 10 Steps to Fiscal Fitness and like physical fitness, it feels great.
If time is money, giving it is just as good as any other gift. (Those possessed of the holiday spirit know it’s better.)
Sometimes I forget to value what I have… but cannot predict. Thanks.