We spend much of our lives thinking about money: how to earn it, save it, invest it and, eventually, how to spend it. If we lose money, there’s always the possibility of earning it back. Time is different. Each of us is given an unknown amount, and before we know it, a day, an hour or even a moment has passed, time that can never be recovered. Perhaps that makes time the most valuable asset we’ll ever possess, and the one we should be most careful about how we spend.
In Mark Sullivan’s All the Glimmering Stars, I came across a passage that stopped me: “time will seem to slow and expand.” It reminded me of something I wrote years ago in a poem called The Majesty of Time. Perhaps the great paradox of time is that we spend so much of our lives rushing to make the most of it, when slowing down may be what allows us to experience each moment more fully.
Sullivan describes “Rush” as a voice that tells us to keep moving and striving, even when the immediate need to do so has passed. While the circumstances in the novel are vastly different from mine, I recognized something in that voice. For much of my working life, I was always looking toward the next job, the next customer and the next problem that needed solving. Running a business meant there was always something more to do. At the time, I thought I was making the most of my time. Looking back, I sometimes wonder whether I was simply rushing through it.
We do something similar with money. We spend decades accumulating it, often telling ourselves that someday we’ll have enough and then we’ll slow down. We save for retirement so that one day we’ll have the freedom to spend our time as we choose. But there’s an irony in sacrificing too much of today’s time in pursuit of enough money to enjoy tomorrow’s.
Retirement has changed my relationship with time. There are fewer deadlines and fewer reasons to rush. I have more freedom to decide how I spend my days, but I’m also more conscious that the number of those days is finite. The more conscious we become of time running out, the temptation may be to hurry, but perhaps that’s precisely when we should slow down.
When we’re young, money seems scarce and time seems plentiful. As we grow older, we may discover the equation has reversed.
The time we have shouldn’t be taken for granted. Each moment can be treasured and tucked away as a memory, something to look back on as a reflection of a life gone by.
Time also allows us to heal from sadness and defeat. It can help heal a broken heart and repair a damaged soul. We don’t forget our sorrows, but with time we can learn to give them their place without allowing them to crowd out the goodness that remains in life.
And perhaps the best use of our time is to share it with others: to bring joy, love and laughter to those around us. Money can leave an inheritance, but time spent with another person leaves a different kind of legacy: memories of conversations, experiences and ordinary moments that can remain long after we’re gone.
Our time is a valuable asset, so we should treat it with care. Embrace each moment and remember those who made a difference in your life. Money can be earned again. Time cannot.
So walk your life to the end, in the majesty of time.
Andrew-You are a fantastic writer-keep it up!
Thank you Philip for your encouraging words, and thank you for reading my post. It’s much appreciated.
Great post. I would only add that you don’t have to retire to start applying these ideas. I recognized ‘time is short’ when my oldest entered high school and I only had 4 years left, so I loosened the (very tight) purse strings on my wallet and started spending time and money building experiences and trying to deepen my relationship with my kids.
I’ve tried to better adopt the motto ‘Use money, love people’ while recognizing the truth of ‘Youth is wasted on the young, and wealth on the old’.
Mark, that’s an excellent point. We certainly don’t have to wait until retirement to recognize the value of our time. Looking back, I wish I had understood that as clearly as you did when your children were still at home. I spent too many years focused on building a business and providing for my family, sometimes at the expense of simply being present. I like your motto, “Use money, love people.” Money is a tool. The people we share our lives with are what give that tool a purpose. Thanks, Mark.
What a great and meaningful reflection – thank you for another well written post! I hope I can continue to allocate time to helping and encouraging others as I walk through my 70’s and beyond.
jeff
Jeff, thank you for the kind words. I think giving our time to help and encourage others is one of the most meaningful ways we can spend it. We may never fully know the difference we make in someone else’s life, but that time and kindness can stay with them long after the moment has passed. I hope we both have many years ahead to keep doing just that
A very thought-provoking article, Andrew. It’s so true that the relationship between time and money changes for many of us as we age. When we’re young, we work hard to earn money so we can accumulate the trappings of life that are supposed to make us happy. Earning money is the primary goal. I’m now 77, in good health and comfortable financially, but my husband passed away seven years ago, and I would give anything to have been able to spend the rest of our lives together. I have a simpler life now and try to keep active physically and mentally in this twilight of my life. I sometimes look back on events from 30, 40, or 50 years in the past. They don’t seem that long ago, but I can’t imagine that many years in the future. Life can be so short; time is more precious than money.
Jim, thank you. Your words really touched me. Losing Doug gives your thoughts about time a meaning that goes far beyond money. We can spend years building financial security, but in the end, what many of us would give anything to have more of is time with someone we love. I also understand what you mean about looking back 30, 40 or 50 years and wondering how it could possibly have passed so quickly. Those years somehow feel both distant and like yesterday. I’m grateful for your friendship, Jim, and I hope there are many more memories still ahead of us. You’re right, time really is more precious than money.
Andrew,
Obviously, the gift of writing well was not confined within your family to only one member. This article is quite thoughtful and meaningful.
One dramatic difference between time and money is that, unlike money, time cannot be saved for the future.
As I approach my 76th birthday in a few weeks, I’m constantly reminded that while I have plenty of money, my time is limited.
I agree with your comment about the best use of our time…sharing it with the people we love. I also believe time is best used, at any age, in the service of others, and in my retirement, that is what I try to do every day.
Mike, thank you for the very kind words, especially your comment about the writing in our family. That means a great deal to me. I also love your observation that, unlike money, time cannot be saved for the future. We spend our lives learning to save money for another day, but our time has to be spent as it arrives. And I completely agree about service to others. Sharing our time, whether with those we love or with those who simply need us, may ultimately be one of the most meaningful ways we can spend it.
I can’t wait! As a kid it was about my next birthday, or Christmas, or summer vacation. Later in life it was about the weekend, or the Springsteen concert, or the next vacation. At 74 I am acutely aware that the prediction apps have the odds of my living another ten years decreasing a tiny bit every single day. These days when I catch myself thinking “I can’t wait”, I give myself a metaphorical slap upside my head. The future day that brings with it that anticipated event, is no more valuable than every day that leads up to it. Enjoy them all.
Thank you, Andy
Dan, I love this. “I can’t wait” is such an innocent phrase, but you’re right, we can become so focused on what’s coming that we overlook the days that get us there. Those ordinary days are part of our lives too, and no less valuable than the ones we circle on the calendar. At this stage of life, perhaps one of the best things we can do is stop wishing time away and simply enjoy the day we’ve been given. Thanks, Dan.
Andrew, in a recent reply to a post about the need to feel productive, I described spending a few hours standing on a clifftop watching two thresher sharks hunt in the bay near my vacation home. I suggested that my time might not have been “productive” in any conventional sense — but it was manna for my soul.
My relationship with time has changed since retirement. I’ve learned to cherish slow time — the kind that doesn’t produce anything, doesn’t build toward anything, and asks nothing of you but attention. We talk so much about the time value of money in our financial lives. Maybe the time value of time itself matters even more.
Mark, I remember that comment about the thresher sharks, and I think “manna for my soul” describes that kind of time beautifully. Retirement has also taught me that time doesn’t have to be productive to be valuable. Sometimes simply being present and allowing ourselves to slow down may be one of the best ways we can spend it. I especially like your phrase “the time value of time itself.” Perhaps that’s the real return we should be paying more attention to. Thanks, Mark.
Free Newsletter
Arrives weekly.