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3 Ways to Discover the Value of Both Your Time and Your Money
Expert advice on finding the value of your money and your most precious asset, your time
It’s true that time is money and money is time. But what does this mean for your everyday life? These valuable resources go hand in hand and have the power to grow together or compete for attention. The way you choose to let them interact in your daily decisions, both big and small, can help you find financial and holistic wellness.
There’s a basic principle called the time value of money (TVM) that’s important to consider when making financial decisions. The concept illustrates the idea that money you have today is worth more than the same amount you could have at any point in the future, due to its potential to earn interest. Conversely, you can think of your time in a similar way. By investing time in activities that bring you fulfillment, you can create more monetary and overall value in your life. Having a satisfying job and making money creates purpose and a means to enjoy life more fully.
