Knowing the Time Value of Money
All over the world, there are so many ethnic groups and all of these groups and beliefs affect the way people value time in connection or with regards to money. Knowing the time value of money now more than ever has become very important because the more time you waste in doing unnecessary stuff means you are losing lots and lots of money. No famous or wealthy person got to the top without respecting the value of money in connection with time. Today, many people work on hourly and daily basis which means money value is continuing to increase.
Knowing the money value where time is concerned helps you to plan your steps perfectly and also ensures that you have only the best where your finance is concerned. The difference between some literates and illiterates is the fact that they know and appreciate the time value of money because they have not only learnt it from school but have also experienced it in their daily lives and have seen how it has affected the lives of people around them both positively and negatively. No one can compare the value of money to any material thing in this world which is why without money things go bad.
In every phase of life, money is needed to ensure that all things are done to perfection. Today, one cannot have a decent education without money unless through full time scholarships. Whenever you see a rich business man or woman, all you should know is that they valued their money by keeping appointments. Nevertheless, it will surprise you to know that there are some affluent people who do not value their time like they should but still time waits for no man so if you want to carve a respectable niche for yourself in life and make more money then make time your friend.