Money Guy Show How to Buy Back Your Time
32 snips
Mar 21, 2025 Discover how true financial independence goes beyond money; it’s about owning your time. Learn to value your time and understand the critical link between time and money. Explore strategies for building a solid retirement nest egg, even starting with small savings. Hear how incremental savings can dramatically boost your future wealth. Reflect on the trade-offs of life's stages and the importance of cherishing experiences over possessions. Embrace intentional living to align your time and money with what truly brings happiness.
AI Snips
Chapters
Transcript
Episode notes
Time Value of Money
- Money today is worth more than the same amount tomorrow due to inflation and investment potential.
- This is the core concept of the Time Value of Money.
Toilet Paper Inflation
- In 2004, $1 bought three rolls of toilet paper; in 2025, the same amount costs over $3.
- This illustrates how inflation decreases purchasing power over time.
Money Value of Time
- Time has monetary value, and this value changes throughout life.
- Young people are rich in time but poor in money, while older people often experience the reverse.