Time Is Money, Time Is Life, Therefore Money = Life
Spend your money wisely.
How much is your time worth?
Each one of us sells ourselves every working day of our lives, you sell little bits of your life to your employer every day you go to work. How much is your life worth?
The most basic economy is a barter economy, this is where I can take the milk my cow produces, (costing me lots of time and energy to prepare, care for and manage) and then barter it to you for some of the corn you grew last season, (which also cost you in time and effort) I then have what I wanted, and you have what you wanted. I don’t need to grow corn since I can turn my labor into milk from my cow, and then turn that milk into corn by trading to you. This system works only when you have something I need and I have something that you need, but what happens when you don’t need or want the milk? Perhaps you want a new rake instead?
So I take my milk down the street to the blacksmith instead and trade him the milk for the rake, and then the rake for the corn I need….. you see the problem of-course. This system has major limitations because I can never be sure I can turn my product or service into the things I need efficiently, so the market comes up with one step in-between. That step is money.
Money is simply abstract time/labor, you might not realize it, but we are still very much using the same kind of transactions as a barter economy, but what we are doing is using a sort of universal labor credit (the currency we use to make transactions) to facilitate those trades.
I still work hard to care for my dairy farm, I still expend time, energy and labor, and in return my cow gives milk which is a commodity that I can use to get other things or services with. I sell the milk to the market (anyone who wants it) and get money in return. This money is an abstract representation of my labor. It is a portion of my life and energy made into something I can hold in my hand. Money is abstract time, money is your life.
Every dollar you earn is a little bit of your life that you have sold to someone else, it is your life energy made into small paper bits that you trade with other people to get what you want, and for them to get what they want. The more money you have, the more life you have. Think about this:
If I want to build a house, I can do it 2 ways: I can either expend a great deal of time and effort and do it all myself, (very difficult in modern times because of various restrictioans, but lets imagine it on a more primitive scale) or I can have that same house built with the money I have accumulated over time, (my savings) since that money is my time turned into a tradable item, I am really just using my own time to build that house. I choose to hire a crew of workers to build it, but since they are selling me their time for bits of my own time that I have saved up, it serves the same purpose. My house gets built by the expenditure of my own life and energy.
Money is life. Perhaps not your own, since you can inherit money, or perhaps come into a windfall of wealth, but fundamentally the money in your bank account is time, and the debt you have, is a debt of time.
Spend your time wisely.