Go back

Time Is Money Is A Very Expensive Lie

14m 9s

Time Is Money Is A Very Expensive Lie

The podcast challenges the adage "time is money," arguing that time is far more valuable. Believing otherwise causes people to waste time saving small sums, like driving extra miles for cheaper gas or clipping coupons, instead of using that time to generate greater income or value. The host references a biblical verse about "redeeming the time," interpreting it as buying back, rescuing from loss, and improving opportunities with time, given life's finite and difficult nature. He advises listeners to prioritize time over money by using money to outsource time-consuming tasks (e.g., lawn care, cleaning) and investing the saved time in learning skills that create wealth. This shift in mindset—valuing time infinitely more than money—leads to both increased time and financial abundance, whereas the reverse results in scarcity. The message emphasizes living with urgency, focusing on meaningful experiences, and not being enslaved by money.

Transcription

2426 Words, 12521 Characters

English
Welcome to the Boss Moose Podcast. I'm Myrngold. On this podcast you're going to learn business optimization success secrets from a million dollar round table and learn how to scale your business from wherever it is exponentially in just four moves. Enjoy the podcast. Hey there you're about to discover one of the most expensive lies you've ever heard in your life and it's a lie that we've all heard and one that we've probably all told but we didn't know that it was a lie and that lies this. We've all heard it time is money time is money time is money time is money time is money time is money I submit to you that time is not money time is infinitely more valuable than money if you believe that time is money it's going to cause you to make a bunch of mistakes first mistake believing time is money is going to cost you is going to cause you to waste a whole lot of time trying to save a little bit of money. And so we've all seen the people who drive you know 15 miles out of the way to save three cents on a gallon of gas right or or we will will spend and I'm not saying I'm not saying this is wrong I'm not saying it's wrong I'm just saying it's just not true right so what people will do is they'll spend three hours cutting out coupons. They'll save some money on whatever they're saving money on it and that there's nothing wrong with that but if they had used that same three hours they very likely to do something to create some value for somebody they very likely could have made three four five six seven or eight or nine or ten times more than the amount of money they saved on coupons. When we believe that time is money then we begin to value we begin to value money more than we value time how can we tell if we value money more than we value time well if you are like the average person in the us of a you probably sell a whole bunch of your time or a little bit of somebody else's money and that is the greatest expense of the time is money lie here's the scripture says I'm going to I'm fact I'm going to read it to you to an Ephesians chapter five verse number 15. See the Ewok circumspecally not as fools but as wise redeeming the time because the days are evil now says wherefore see walk walk you circumspecly now that circumspecly is not a word that I use in my everyday language right and so what happens is when we're reading the Bible when we come across a word and we don't really know what it means I think the best thing for us to do instead of being in a hurry to get through that passage we should stop and look up the word. And so that word circumspecally it just means wisely so it's saying work see that you walk circumspecly not as and as wise so walk wisely as a wise person and not as a fool how how do I walk wisely as somebody who's wise and not a fool I do that by redeeming the time now this is the fun part what is the word redeeming the word redeeming this passage if you go look it up in the Greek here's what it means it means to buy back or to buy up so I'm supposed to buy back my time or buy up my time that's the first definition you know dictionaries give you multiple definitions right so the next definition is to rescue it from loss so I'm supposed to buy back my time buy up my time rescue my time from loss and the third definition is improve opportunity. That's interesting I never like I'm going church my whole life I never heard anybody teach you on buy back your time rescue it from loss and improve your opportunity but that's exactly what that verse means when it says redeeming the time because the days are evil it says you don't be a don't be a fool be a wise person and then walk carry yourself as a wise person by buying back your time rescuing it from loss and improving your opportunity why because the days are evil that is not talking about like evil like we're in the last day and they're evil but even though we're in the last days and they're evil it's not talking about evil like the devil is evil it's not talking about evil like wickedness and sin and unrighteousness is evil it's talking about like evil the word evil in that verse go look it up for yourself you don't have to take my word for it it means difficult in nature so in other words it's hard life is hard so scriptures telling me to buy back walk like a wise person not like a fool buying back my time rescuing it from loss and improve your opportunity. loss and improving my opportunity. That sounds very different than how most people live their lives. See, because we learn the lie that time is money, here's what we do. We value money, more than we value time. We put too high of a value on money. And so what we do, and we don't put a high enough value on time, because we don't understand the relationship between time and money, and we think time is money, so if time is money, then they're equal. Right? Because they're not equal. Because I submit to you, there's somebody said to you, I'll tell you what, I'll give you $400 million today. How many of you want that deal, right? I'll take that deal, except for there's one caveat, you have to end your life. Now who wants that deal? Nobody wants it. So you already know that your life is worth more than $400 million. But you don't treat it like it's worth more than $400 million, because you waste a lot of time trying to save a little bit of money when you should be using that time to buy back that time, when you should be using your money to buy back your time instead you're using time to buy back money. We're doing the exact opposite of what the scripture says and wondering why our life isn't working. So like I know for me, I understand the value of time, at least to some degree, because time is the stuff that life is made of and when it's over it's a wrap. This is not, like we are not in a Mario Brothers console, we don't get another life. So we have to act like we're expiring, we have to act like we're evaporating, we have to act like we're eventually going to go away and we have to like live life with a sense of urgency. And so, so when we understand that this is not the truth time is the money, that's not the truth and this is, this is more, I'm going to do it in a different color just because it'll make it easier to separate. This is more true time is greater than money. When you, like if you, if you like start to buy into this belief that time is greater than money, here's what's going to happen. You're going to start doing things to redeem your time. Just redeeming again, buy back, rescue from loss, improve your opportunity. So see we think we're being frugal and we are with money, but we're being wasteful with time. Like we're, we're, we're, we're being frugal with money and then we're being proud to go with time. Being frugal with money and then we're just throwing our time away. It doesn't make any sense. So, so you buy back your time by leveraging your money. What does that mean? It means pick something in your life that takes a lot of time. Maybe it's cutting your grass. Maybe it's fixing your car. Maybe it's washing your car. Maybe it's cleaning your house. Maybe it's preparing your food. Pick one thing in your life that takes you a lot of time and then pay somebody else to do that thing. Pace somebody to cut your grass or to clean your pool or to cut, or to clean your house or to cook your food. Pace somebody else to do that and then take the time that you used to do, you used to do that and use it to learn a new skill. That's how you buy back your time. Like there are so many things that I didn't know, like when I was broke I didn't realize it was my lack of skills. It was cost to be unfortunate. So, I remember when I was poor, I thought me being poor had something to do with me being a victim of circumstance had nothing to do with it. I was poor because I didn't have the skills to create wealth. How many of you all track it? And by the way, just like you and don't think, "Oh, but that's so hard. It's not harder than learning how to walk." You've got that one down, not harder than learning how to ride a bicycle. You got that one down, not harder than learning how to use a computer or a phone or drive a car. You got that down. And so what happens is we buy into all these trusses that aren't true. They're basically sophisticated lives. And we wonder why our life isn't working in that area. Time is not money. Start placing more value. I mean, you start valuing time. Start valuing time more than you value money. And what you'll do, eventually you'll get to the place where you'll spend as much money as necessary to buy back the rest of your life. See, here's the real equation. Time is infinitely greater than money. That's the real equation. And when we begin to value time infinitely more than we value money, we will start having more money and more time. But if you keep valuing money more than you value time, what's going to happen is you're going to keep having less time and less money. And so don't buy the lie. It costs too much. I know. I get it, you're good at fixing your car. I'm good at fixing cars too, but I'm not going to do it. I get it. You think cutting the grass is therapeutic. I get that. You know why? You know it's really therapeutic, especially here in Florida? Sitting in your house, drinking a tall glass of ice water, watching somebody else cut your grass. Now that's really therapeutic. See, when you begin to value your time, your time becomes more valuable. See, here's the problem. We want other people to value our time, and we don't even value it. Can I get a witness, right? And so what we have to do is we have to start looking at this equation the right way, understand that because because my life is expiring, I've got to act and live with a sense of urgency. It's interesting to me when I'm driving here in Florida, especially more than any other place I think maybe I've ever driven. People drive like they think they're going to live to be 900, and they do it across all lanes because they think you're also going to live to be 900. And it's just, it's maddening. People just do it about through life. Like it doesn't matter that they're going to die. So many people quantify the quality of their life by how many years of experience they have doing a thing. Well, I've got 40 years of experience driving this forklift. I got bad news for you, but you don't have 40 years of experience driving a forklift because you don't take that long to learn how to drive one. You got about two weeks of experience repeated over a 40-year time period. That's not the same thing. And I submit to you that the quality of your life should not be measured by the number of years of experience you have doing a thing, but the quality of your life is truly measured by the number of experiences you put in those years. And especially putting more experiences in those years with the people that you love the most and for the causes that you care about the most. But most of us can't because we are a slave to money because we value money more than we value time. There are a lot of business owners, there are a lot of business owners whose businesses can't thrive because they want to take advantage of the people who work for them because they value the money more than they value the time. And so they want good people, but they're unwilling to pay what good people are willing to work for. Well, and then I personally, I really believe fast pay makes fast friends. Like I hated it when I worked for people and I felt like after working all week like a three-legged mule in a hell storm that I had to go big for my check. Hated that. So let's start doing this. Let's start realizing that our lives are going to count for far more when we live like this. Instead of like this. It'll change your life for the rest of your life. Time is not money. Time is infinitely more valuable than money. And when you start treating it like that, you'll end up with more time and more money. Myering Golden here, I want to thank you for taking time to listen to the Boss Moons podcast. Congratulations. In advance for the success you are about to have. If you'd like to know more about books, resources, opportunities, or make more offers, challenges, links for all of those are in the description. I hope that sometime in the very near future that I get to meet you face to face, knows the knows, to toes to toes. So I can say thank you and congratulations. Stay blessed by the best. I look forward to meeting you real soon.

Podcast Summary

Key Points:

  1. The common saying "time is money" is a misleading lie; time is infinitely more valuable than money.
  2. Believing time equals money leads to wasting time to save small amounts of money, undervaluing time, and missing opportunities to create greater value.
  3. The biblical concept of "redeeming the time" means wisely buying back, rescuing from loss, and improving opportunities with time, especially since life is finite and days are difficult.
  4. To succeed, one should use money to buy back time (e.g., outsourcing tasks) and invest freed time in learning new skills to create wealth and improve life quality.
  5. Valuing time over money ultimately leads to having more of both, whereas prioritizing money results in less time and less money.

Summary:

The podcast challenges the adage "time is money," arguing that time is far more valuable. Believing otherwise causes people to waste time saving small sums, like driving extra miles for cheaper gas or clipping coupons, instead of using that time to generate greater income or value. The host references a biblical verse about "redeeming the time," interpreting it as buying back, rescuing from loss, and improving opportunities with time, given life's finite and difficult nature.

, lawn care, cleaning) and investing the saved time in learning skills that create wealth. This shift in mindset—valuing time infinitely more than money—leads to both increased time and financial abundance, whereas the reverse results in scarcity. The message emphasizes living with urgency, focusing on meaningful experiences, and not being enslaved by money.

FAQs

The lie is that 'time is money.' The speaker argues that time is infinitely more valuable than money, and believing otherwise leads to poor decisions.

It leads people to prioritize saving small amounts of money over using time productively, such as driving far for cheap gas or spending hours on coupons instead of creating value.

It means to buy back, rescue from loss, or improve opportunity with your time, as advised in Ephesians 5:15-16, to live wisely rather than foolishly.

By using money to buy back time, such as paying others for time-consuming tasks, and then using that freed time to learn new skills or create value.

Because time is the substance of life and is finite; valuing it more leads to having both more time and more money, while the opposite results in less of both.

Identify a time-consuming activity in your life, like cleaning or yard work, pay someone else to do it, and use the saved time to develop skills that can generate income.

Chat with AI

Loading...

Pro features

Go deeper with this episode

Unlock creator-grade tools that turn any transcript into show notes and subtitle files.