Why I’d Rather Have Time Than Money

A couple of days ago I received an email from Gary Ryan Blair who is known as the “goals guy”.  He also has a program that is starting soon called the 100 Day Challenge. In his promotions for the 100 Day Challenge he sent several emails with videos that he has produced and put on You Tube. One in particular caught my attention.

In the video he discusses time versus money. Which is worth more, time or money? Most people, perhaps, may say money is worth more. After all, everyone has the same amount of time but not everyone has the same amount of money. But let’s take a closer look at time as described in the video.


  • cannot be borrowed or stolen
  • cannot be stocked up or saved
  • cannot be manufactured
  • cannot be reproduced
  • cannot be modified

All you can do is make use of time. Whether we use it wisely or not, time goes on with or without us. Time is more valuable than money. While you can always earn more money you cannot ever earn more time. Money is a renewable resource while time is not recoverable.

I have a Post-it note stuck to my monitor that has the number 274 on it. Why 274? This is a reminder that 274 is the amount in dollars that I would have to make every day, in order to make six figures a year or $100,000. Why $100,000? I could have made it less. I could have made a goal of $50,000, but why not shoot for the moon? I am retired after all so any amount of extra money would be great.

And just how am I supposed to make this six-figure income? I guess I could go back to work in some capacity, but then this is just trading dollars for time. I could put my name out on several sites as a writer for hire, a webmaster or possibly a graphic designer etc. etc., but then again this is trading dollars for time.

The tagline on my header on this site says “In pursuit of passive income”. So what is passive income? My definition of passive income may be different than your definition. The Internal Revenue Service categorizes income into three broad types. Active or earned income, passive income, and portfolio income. It defines passive income as only coming from two sources: rental activity or trade or business activities in which you do not materially participate.

Some examples of passive income are:

  • earnings from a business that does not require direct involvement from the owner or merchant
  • rent from property
  • royalties from publishing a book or from licensing patent or other form of intellectual property such as computer software product
  • earnings from Internet advertisements or websites
  • dividend and interest income from owning securities such as stocks and bonds


I do not have a business that does not require direct involvement from me. I have tried the rental property route and found I could not say no and the only passive part about having rental property is when the check (if it does) comes in. I haven’t written a book, licensed a patent or developed any software (yet). So this leaves me with web sites and earnings from my investment portfolio. I have my investment portfolio under the watchful eye (I hope) of a financial advisor.

So this leaves me with Internet websites - which I have a passion for.

You don’t get paid for the week, the day, the hour or the minute but you do get paid for the value you bring to each. You need to focus   on the highest and best use of time. This means engaging only in activities that are most likely to produce the greatest net return in time and energy invested. Say goodbye to unhealthy habits, procrastination and excuses that devalue the achievement of your goals.

After viewing this video I have changed my view of my goal. I don’t want to just measure how much I make a day. I am striving for passive income which means I don’t want to base it on a daily basis or how much I make each hour. I need to measure it by the minute so that I will appreciate what each minute is worth.  So what is each minute worth.

Well there are:

  • 24 hours in a day
  • 60 minutes in an hour
  • 60 minutes X 24 hours = 1,440 minutes in a day
  • 365 days X 1,440 minutes = 525,600 minutes per year

So if my goal is $100,000 a year then one minute of my time (no matter if I am sleeping, eating or being productive) is worth 100,000 divided by 525,600 minutes or 19 cents per minute. 19 cents a minute sounds a lot more attainable than $274 per day. To figure your money goal in minutes just divide the amount by 525,600.  So what’s your goal? How much a minute are you striving for?

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  1. Lynne Ivatt on April 1, 2013 at 5:42 am

    Great article I hadn’t thought about things from the time perspective.

    “You need to focus on the highest and best use of time.” I think this is key.

    Thank you 🙂


    • Skip on April 1, 2013 at 9:13 am

      Hi Lynne!

      I struggle everyday with focusing on the activities that are most likely to produce the greatest results. It is so easy to skip the harder tasks that will move me forward for the easy tasks that can easily be checked off but do not move me forward. Thanks for visiting and your input and hope to see you back here.

      To Your Further Success,