So Parkinson’s Law states that “work expands so as to fill the time available for its completion.“
The more time you have on your hands, the longer it takes you to do something.
I find this to be so true…like on a day off, I don’t find myself typically getting any more done than on a regular work day.
But what is true for time, also seems to apply to money.
And while you may get more or better quality for your extra bucks, you still don’t have a lot in net savings.
Thus in line with Conspicuous Consumption, we spend more on luxury goods when we have more money and we spend more of our leisure time on doing the same basic set of activities when we have more time to spend.
Either way, more time and money often means more wasting of each, with people finding it extraordinarily difficult to save when they have (too) much of either.
Perhaps, that why the big time hip hop artist, Kanye West recently tweeted about being $53 million in debt.
Or why Benjamin Franklin said, “If you want something done, ask a busy person.”
Your personal decision is what you end up spending your extra time and money on.
The only real difference with time and money is that money you can put in the bank, but time passes whether you are busy or not.
Perhaps the best investment for both is to spend on education, experiences, on loved ones, and on helping others.
(Source Photo: here with attribution to Parg)