Saving.
Everyone has different money beliefs shaped from our upbringing, role models and our peers. What’s normal for some people is shocking for others and the subject alone can create a fear for some and enjoyment for others.
I like to look at money through the lens of time. In the classic book The Richest Man in Babylon, one of the main lessons is that “part of all you earn is yours to keep” it’s so true but often forgotten. So how does time relate to money?
Throughout our lives we in effect trade on thing for another. We trade our time for money when we go to work. When we spend, we are spending with dollars, yes. However we are also spending with time… Our time.
So what does this mean for saving? When we save and invest, by definition we are buying back our time. At some future point we are able to choose what we do with this “purchased” time.
Framing it in this way helps when making purchases because we can put a time value on the purchase. This is going to cost me $100, how long do l have to work to earn this same amount? How much of my time will be spent on this purchase?
I’m not saying don’t spend money. If it brings value, absolutely! Go for it. I’m just offering an alternate view point and for me looking at it this way with this mindset helps get me excited to save money and buy back my free time.
” Use money to gain control over your time, because not having control of your time is such a powerful and universal drag on happiness. The ability to do what you want, when you want, with who you want, for as long as you want to, pays the highest dividend that exists in finance. “
Morgan Housel
J.H.Repetto
jhrepetto.com 
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