A Meaningful Life

12 Mar, 2003

Trade in Time Not Money

Posted by: Marc In: MoneyManagement| TimeManagement


Generally when you are in business you think about trading in terms of money. The reality however is that it’s time your are trading. You buy time, you sell time. You buy and sell it to do things or build things. For example you need to sell a car. It can be quantified in time just as much as it can be in dollars. The salesman spends 8 hours on average selling a car at $20 per hour pay say. You, being the Dealer Principal could have sold the car yourself but then you would have to hire someone into your role at $40 per hour. So you bought time at $20 rather than $40. So time in this case is the primary trading commodity and money is merely the quantitative realisation of time well traded. Trade in time and money will follow.

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  • Farhan Rehman: Interesting... It's often been said that the clutter in ones physical space, be it work, or home, is a reflection of the cluttered thoughts in ones m
  • Marc: Thanks Leah, definitely a bottom 10 in Spelling Weekly magazine!
  • Leah Maclean: Congratulations Marc!!! You Grant and, as you so elloquently put it, your team desearve this accolade. Saasu not only has a great product but you als

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I'm a dad with 3 kids and an amazing wife. Founded Saasu.com where I also blog about business and online accounting. Prior to that I was Director of Principal Finance Trading at Deutsche Bank Sydney. Follow me at Twitter, Facebook, LinkedIn and Flickr

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