Time value of time

Time is the most invaluable asset. Everyone has only 24 hrs and I mean everyone. No one has found a way to reverse it and no one to my knowledge has got it back. Every other thing including money can be lost and earned again, but not time.

‘Time value of money’ is frequently taught in business schools and implies your money today is more valuable than tomorrow. This is primarily because of inflation and this is why it is so essential that we invest our money in assets that beat inflation.​​

‘Time value of time’ is a concept that, while so much more important, is rarely talked about. Your time today is so much more valuable than your time tomorrow. Aging is the key determinant. As you age, your health, your energy and your capability to work all declines. That’s why I always ask people not to keep their FIRE time horizon more than 20 years in duration.

What will you do with all the money when you are 65/70? Go to hospitals and take pills for 3 different diseases? Plan to be financially free as early as possible or to the latest by the age of 55.