Beating Time Competition
The cliché "time is money" will forever remain relevant it literally translates to the fact that time makes you money, but sadly money seldom buys you time and if it is not obvious enough, I'll be happy to buttress it further. Take, for example, a person in a critical condition in the hospital and needing a kidney requires two things: time and money.
The speed at which that money to get that kidney is gotten, will play a role if that person is to live or not. It's also the same with a person who has been exposed to the opportunity of buying a mouth-watering share in a company, now this opportunity wouldn't last forever, because of the race to beat the deadline of Competition.
One of the main reason we should be externally conscious of time is because of Competition. Some of the wealthiest people in the world are the early adopters, or the early birds. They're the ones who firstly discovers lucrative prospects and buys in cheap before it becomes widely sought after.
In the labor market, for example, time plays a huge role in getting people lucrative contacts. When you look at commerce in a country like Nigeria, you'll find business owners to be the most timely set of people, and why is this? Some rich people I personally know are time cautious.
This is majorly because they're dependent on different streams of income to actually stay rich. Being organically rich is dependent on time, this is of course possible with the right effort and efficiency coupled with the right resources. However, being internally timely is important due to the fact that the lifespan of a regular human is limited and uncertain. .
For example, a person who is internally time conscious knows that he'll need to work to save the right amount of money for when he'll no longer be able to work. Some people grow old and broke because they only streamline their lives to take care of the moment. Being time conscious is segmenting priorities accordingly and setting them up to suit a particular duration.
External & Internal Factors
Being Internally conscious of time is recognizing the cues and stages where certain courses of action are required to prevent any sort of catastrophe from happening. An 80-year-old man, for example, who's just starting out with insurance is totally misplaced, and because the timing of that financial decision is wrong.
So time is both reliant on external and internal factor and when people are financially time conscious, this is also a thing. Let us relate this to Crypto. In crypto, timing is everything and this is because decisions to sell, invest, buy or HODL deals with time.
There's the right time to buy and there's the right time to sell, making intricate decisions regarding time in Crypto is instrumental to how far you can definitely go. The market sometimes can be misleading, diverse people are giving out financial advice, but then you're left with your decision as to when go buy, or not to buy.
The difference between people who were made millionaires by Shiba Inu and the people who FOMO'ed and weren't is actually time. So here, I've talked about, time; the duration and time; the right moment. In the former, I vividly expressed the lengthy aspect of time, how it plays a role with determining how people can financially grow.
If they cultivate the right priorities. It absolutely takes time to get to a Level of mastery in a specific art. Knowing about Crypto for example is about the experience which one has gathered overtime. The latter talked about the right moment. This is specifically about being Spot on.
It's a basic financial knowledge that one shouldn't totally buy into a prospect when its prices are already high, but wait till when it reduces in prices. Time specially plays a role in people becoming success or failures and as intricate as it is, not a lot of people still take cognizant of this.
Systems & Time Wastage
For example, most systems are designed to specifically waste the time of people, how is this? Some people work in a place for 30 to 35 years without even harboring any thoughts to change or get somewhere better. In Nigeria, for example, when a job can feed and pay rent, people do not think they have any need to change that job.
As a result of this, they become poorer with time, due to things like inflation. So many people waste a lot of time, doing things that are far less productive, when they could actually do more productive things with even less of a time. This is synonymous with Africans, they're totally swindled with the notion that they have a lot of time.
They fail to reckon with the importance of keeping to time and how life changing it can be. This is why you have a concept called African time. Now what's this exactly? It's centered on being late, or not allowing external forces hasten one's decision-making with regard to time. Truth is, time is proportional to money, because every financial endeavor, requires one to be timely.
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My name is @Josediccus, a young Nigerian entrepreneur who is a Vlogger, A Psychologist, Poet, Sports Writer/Analyst & Personal Finance Coach. I'm using my contents as a process to create shared meaning as well as create expressions through which people on/off hive can relate. I believe content is a process to be enjoyed and relished and I'm up for any collaborations in my field stated above. Cheers
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It reminds me of the people who live day to day. I wonder if it's the lack of financial education and them not understanding how compounding your savings can lead to a much easier time in the future.
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Living day to day can be saddening, especially if one cannot even afford enough to take care of emergencies and unplanned expenses. Its probably lack of Financial education and the means as well.
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Time isn't just money, time is everything. Everything revolves round it, and the perfection of every effort is totally reliant to that circumference.
Productivity and progress is solely based on the ability to operate timely, in that circumference
Of course, I made this very clear. I was just looking at the economic aspect to the usage of time especially in relativity to crypto and finance. It's huge.
African time Is one thing that will forever disgust me. The fact that even when they could get there earlier, they decide to just go late.
Once people realize the value of their time they will make better decisions in every area. Knowing that this particular time will be lost if nothing useful is done within that time is very motivating.
Time wasting is something I can never get used to, when you look at the system, its designed to waste time From the educational system to every other sector in the country its while its translated to people and they don't find anything wrong with it.
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Crazy thing is they think if you do not waste considerable amount of time to get something then it is either not legit or won't last. They assume to get something meaningful you have to use so much time, they even brag about all the time they waste.
This is true, however the life we're currently living with crypto has proven that you don't need to be thorough or undergo stress to eventually get good things in life
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Exactly, Crypto is paving the way.
Time truly is important in our daily lives. Being time conscious is a great trait to have, not only does it show how important time is to you, but it also sets a good example for others to also respect other's time that they took off from their busy schedules.
Couldn't have said it any better.
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Well said @josediccus.
The Nigerian factor especially as it relates to time is a conversation most Nigerians are not ready to have and tell themselves the truth.
I believe the approach people generally have to time, impacts the total outcome of their lives. But a lot of people seem to not know this or choose to ignore it, I guess.
You're spot on, in most cases time well managed gives more room to productivity. I believe this is mostly the reason why many set out to achieve a lot but can only achieve few of the things they actually set out to do. It's a relevant issue especially when it comes to finance.
I concur...
PRECEPTS OF THE LAW OF TIME
– Time is the universal factor of synchronization.
– The velocity of time is instantaneously infinite.
– T(E) = ART [Energy factored by Time equals Art]
A little piece from https://lawoftime.org/education/
It's all about quality not quantity. Time doesn't equal money because they are not interchangeable. You can earn money with your time, but you can't buy your time back. The important principle here is to value are time! Thanks for sharing @josediccus
This is mathematical and theoritical which cannot translate to real life. While money cannot buy time exactly, it can buy you time indirectly. A person who is dying can be saved if the right resources is quickly put in place to revive them. Notice how I make emphasis on "quickly?". Which is of course time relate. You can buy time with money and this is a practical proof to it.
When you understand time is money, you understand compound interest. While this isn't exactly the grain of your article, it is incredible what 10 years at a good return can do.
I do dig the concept of compound interest, its way way awesome and a key to total finacial freedom. Time is indeed money.
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