Today I will demonstrate the wise saying "time is money" from two angles:
From the first angle, I read Dr. Wu Jun's "Insight" before, and this book refreshed me Regarding money, he said that the essence of money is actually a quantitative measurement of the ownership and use rights of various resources, and the resources themselves can be divided into natural resources and human resources, among which human resources include other people’s time. .
What this sentence means is that if you buy a piece of land to build a house, the money you spend will be exchanged for the natural resource of land. The same is true for the possession of human resources. When you spend money to buy a car, in addition to getting back a small amount of natural resources such as steel and rubber, you are actually spending money to buy the time of workers on the production line; when you go to a hot pot restaurant to eat hot pot, the final payment actually includes your The food you order, the environment of the store, and the service and time of the waiter; for another example, if you go to a barber shop to get a haircut, you are actually using your money to buy the barber’s time and service; if you spend money to play games in a game arcade, you have bought The time of engineers in a company like Tencent. Of course, the reason why you get paid every month is because you provide your time to do useful things for everyone, which is the result of commercializing your time resources. Therefore, the amount of money each person has reflects the total amount of social resources (including natural and human resources) he can mobilize in the future. If one person has a deposit of 1 million yuan and another person has a deposit of 10,000 yuan, the natural resources that the former can obtain or the labor time of others that can be used are 100 times that of the latter.
The second perspective is that time is money. The ancients said that "an inch of time is worth an inch of gold." From this, I feel that the underlying logic of human cognition is really timeless. The ancients have long been vaguely aware that time is valuable. value, but in modern times, this understanding has been expanded into systematic financial knowledge. Xiangshuai said that time is a raw material, and financial tools process this raw material and make different products. Finance is all about pricing time. Making decisions about the financial products we buy is essentially buying future values ??at different times.
What this sentence means is that, for example, three people all had 100,000 yuan 10 years ago, but they used different financial products. One of them deposited the money in the bank on a regular basis, and one of them bought After paying a down payment for a house, another person bought Tencent stocks. After 10 years, the wealth of the person who bought Tencent stocks increased 10 times that of the person who put the money in the bank. It's the same 10 years, the same principal of 100,000 yuan, but the results are completely different. The time here is the number of years in the compound interest formula.
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