why time is money

Opportunity Cost: Every moment spent on one activity means sacrificing another potential opportunity. For example, an hour spent scrolling social media could have been used to learn a skill or earn income.

Productivity: In business, time directly translates to output. Wasted time reduces efficiency, while optimized time boosts profitability. Companies pay employees for their time, emphasizing its monetary value.

Investment: Time invested in education, relationships, or health yields long-term returns, much like financial investments. Delayed gratification (e.g., studying) often leads to greater future earnings.

Scarcity: Like money, time is limited. A billionaire and a laborer both have 24 hours daily, but how they use it determines their financial outcomes.

Deadlines: Missed timelines incur costs—late deliveries, expired deals, or delayed projects reduce revenue. Punctuality saves money.

Benjamin Franklin’s adage, “Lost time is never found again,” underscores this principle. In Nigeria’s fast-paced economy, where hustling is vital, time management separates success from stagnation. Whether in Lagos’ markets or corporate offices, those who respect time’s value thrive.