Why Valuing Time over Money Can Lead to a Happier Life (2024)

As the Chief Operating Officer (COO) for The Business Hyve, I've learned that time is the most valuable asset anyone will ever possess. After working for over 40 years in a variety of corporate roles, I have realized that valuing time over money can lead to a happier life. More than ever, the COVID-19 pandemic has shown us the importance of time in our personal and financial journey. Let's have a brief chat about why time is valuable, how it can lead to a happier life, and what you can do to start valuing time over money.

Time is a Non-Renewable Resource

Unlike money, we can't earn more time. Once it's gone, we can never get it back. Time is limited, and we need to use it wisely. It's crucial to realize that time is more precious than money. We can always earn more money, but we can't get back the time that has passed. One way to start valuing time over money is to prioritize the things that matter to us the most. Spend time with your family, friends, and loved ones. Time spent with them is priceless.

Valuing Time Over Money Improves Mental Health

Emerging research suggests that prioritizing the value of your time is the best way to boost happiness and financial success. Valuing time over money can also do wonders for our mental health. Did you learn while working from home during COVID-19 that time with your family was more valuable than money? By prioritizing time over money, you can reduce stress levels, improve your well-being, and achieve a better work-life balance.

How Valuing Time Over Money Can Help You Build Wealth

When it comes to building wealth, time is a crucial factor. The earlier you start saving and investing, the more time your money has to grow. Time is the most valuable asset in building wealth. However, keep in mind that when times are tough, both time and money can disappear like snow in a furnace. It's essential to have a financial plan in place to cope with emergencies and unexpected challenges.

Strategies to Start Valuing Time Over Money

To start valuing time over money, it's essential to understand how you spend your time. Create a schedule that includes time for both work and leisure activities. Prioritize activities that provide you with joy, meaning, and satisfaction. Get rid of time-wasting activities like social media and TV. Focus on activities that add value to your life. If you're somebody who always puts work first, consider taking a break and spending more time with your family and friends.

Time is the most valuable asset anyone will ever possess. When we start valuing time over money, we can improve our mental health, achieve a better work-life balance, and build wealth. By prioritizing the things that matter to us most and focusing on activities that add value to our lives, we can lead a happier life. The COVID-19 pandemic has taught us the importance of time in our personal and financial journey. It's never too late to start valuing time over money. Take charge of your time, and you might be surprised at the positive impact it can have on your life.