Is relation between time and money inversely proportional?
There are different ways to find financial solutions. To avoid experiencing any financial failures keep a track of how frequently you spend money and in what kind of activities. Ask yourself are you spending too much money on shopping, buying groceries, buying gadgets that you do not need, paying for expensive subscriptions etc. Instead, you use the money wisely. For example, you could use the money to further your education or learn some new skills which in return will help you generate more income. It is important to develop a habit of being thrifty. Borrowing money is a bad habit and can lead you to some massive financial debts in the future. Avoid borrowing and if borrowing is not absolutely avoidable, for example when your first home, in that case, make sure to borrow the minimum amount. First, assess your needs against your wants. Do you really need to borrow a lot of money to buy an expensive home? Do not borrow beyond your means; only borrow money to an extent that you are able to pay back your debts easily without causing yourself extreme stress and health risks. Time and money both are precious assets and it is up to us to decide to use them wisely. Also, we need to decide how we get the task at hand done in the best way given that we have both money and time in our hand. Time and money both are mutable, they have a flow, and it is often possible to interchange one with the other. Thus for all practical purposes, time and money are inversely proportional. Knowing this basic fact allows people to do what they do best. For instance, if I had more time on my hand I would personally do the laundry, grocery, cooking, gardening and so forth. However, if I am hard pressed for time and have sufficient money I would definitely hire a proficient person to do the work on my behalf. In this way, I would free up my time to do things I love the most. When you experience financial security you will be fulfilled. You will experience much personal joy and be able to live a life that does full justice to your talents, dreams, and aspirations. Your continuous effort to be thrifty will help you achieve a sense of joy and...
Read MoreFour Ways To Increase Income And Save Money
It always helps to earn more in very easy ways which will increase your income and give you freedom. There are many ways to increase your income and this article lists four such ways to give you a brief idea on the numerous easy ways in which you could boost your income. Start a side business such as a cottage industry:You may have a talent which you could use to make extra money. You could bake cookies, make pickles, knit sweaters to add to your income. If you are artistic then your could sell your home made products such as jewellery or other artwork and sell it on eBay or other arts and crafts fairs. Depending on your talent, time and ability to sell you could make extra income. Rent out a spare room of your house: If you have a spare room and do not mind the intrusion of a stranger you could make significantly more money by making the best of your property especially if you live in a busy area such as near a railway station. You could keep a tenant or other paying guests who stay for a short time. Rent out your garage or parking space: If you live in a crowded area allowing someone to park in your garage or parking space could earn you extra cash without putting in much effort while making the best use of your property. You could rent your parking space as a storeroom to store goods. Baby Sitting, pet and plant sitting: Adult baby sitters can earn up to $8 an hour and if you can build a good reputation for your self you could earn an extra income. However you must be willing to handle a noisy or ill child. Pet or plant sitting is also called house- sitting wherein you have to maintain the house and look after their plants and pets for a few months provided you have no criminal record. FOUR WAYS TO SAVE MONEY: Do not use credit cards: Credit cards make you poor as research has shown that you spend 12% more while using a credit card. The safest way is to use cash. Avoid Restaurants: Even though it is alright to dine out once in a while, making a habit of it can burn a hole in your pocket. Eating out at restaurants cost four times more than cooking at home which is even more exorbitant at fancy restaurants. To save money and yet have a nice time invite all your friends home for a party and let everyone bring a dish which will be more fun and cost you only a small amount. Become a vegetarian for a part of the week : Since meat is expensive eating vegetarian dishes two or three days a week can reduce your grocery bill. Wash your garments in cold water: This will save on electricity bills and make your clothes last longer. There are many more ways to increase your income and save money. You could start...
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