The prosperity and stability of societies, families and individuals can be predicted by the degree of their savings rate because it indicates their willingness to push their time into the future.
Money is nothing but time rolled up into pieces of paper in your pocket. You gave up your time to get it into your hand. Whatever you do for a living - it took time. You took your time and somebody gave you their money. Then what?
You take your money, which is your time rolled up in your pocket, and give it someone else for their time. Maybe they cooked you a meal. Maybe they made clothes for you. You could have worked all year long and still wouldn't know how to make a suit. Somebody else knew how to do it though.
So with their time they made that suit - you took your money (you traded some of your life for that money) now you're trading some of that money for a piece of their life - and you wear your new suit home.
So money is time. It's a piece of your life concentrated and rolled up. When you give your money or your time, you are actually giving a piece of your yourself.
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Financial Planning, Retirement Planning, Investmenting & Insurance.
Saturday, November 24, 2007
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