Time is money is a much easier way to explain the concept of opportunity cost, because time is a valuable source, so its better to do things as quickly as possible. Alternatively, spent time and money on those things that gets result we are looking for.
Time is money but no money can return your TIME. So, time is more valuable than money because it seems moral to save time above one’s own, and such parsimony is excused by consideration for others, one is straight forward. Be selective on whom you are spending time because wasted time is more than wasted money. Basically, Time is what we want most but what we use worst. Money is replaceable but your time is not, Don’t let anyone waste it. It’s said that ” If a man who dares to waste one hour of time has not discovered the value of life.” Everyday is a bank account, and time is our currency, no one is rich or no one is poor, we all have got 24 hours each.
Its famous words by Steve Jobs ~ ” Your time is limited so don’t waste it living someone else’s life.” The price of anything is amount of life you exchange for it. If you want your children to turn out well then spend twice as much time with them and half as much money. Happiness increases when shared, and you need time to be happy, and money has the ability to provide happiness, only if you have time, else its USELESS.
So, aptly said, TIME IS MONEY !