Time and Money Equation

This exchange tends to happen more frequently as we get older. We still need money, but we often start to value time more. We care about time spent with family. We care about time spent with friends. We care about time spent doing the things we love. So we hand over the money and count ourselves lucky. We have the money that gives us the time with the people we care about, doing the things we love.
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Carl Richards is a financial planner in Park City, Utah, and is the director of investor education at the BAM Alliance. His book, “The Behavior Gap,” was published in 2012. His sketches are archived on the Your Money page.