It’s being said that time is the only thing which is fairly distributed. Because everybody has 24 hours a day, no matter if you’re poor or rich.
While this is true in theory, in reality people with enough money can pay others to do their daily chores and have more time for enjoyable things.
Good news! You can buy yourself some time, too – even if your’re no big-ass millionaire. The key is to do nothing which is more time-consuming than a more expensive alternative if the financial advantage is not greater than the income you could make in the time-difference.
Complicated? Here’s an example:
Let’s say you want to have a new Song in your iTunes music library. You will have at least two alternatives: Buying it in iTunes or download it from somewhere (maybe YouTube) and import it into your library. Certainly you will face legal issues with the second alternative, but we will leave these aside for now.
Search the song in iTunes, click “buy”, done.
Price: Depends on the song, maybe 2 bucks
Time spend: 1 minute
Search the song on YouTube, download, convert the video-file to mp3, import the mp3-file to iTunes, fix messed-up track-informations, find out there is no album-cover-pic, search the web for the album-cover-pic, download the pic and pair it to your new track in iTunes.
Time spend: 10 minutes
Now we will take a look at your hourly income. For the ease of calculation let’s say it is 30 bucks. This would mean 0.5 per minute or 1 every two minutes.
If you compare our alternatives from above you will see that the second option would have saved you two bucks, but you would have had to spend nine more minutes. An unprofitable decision if taken, because in the same time you could have earned 4.5 bucks!
This is why I always buy my music in iTunes. I pay 2 bucks and enjoy the nine saved minutes. And because I will get a high quality music file. And I do not face legal issues. And I support the artist.
Think about the time-consuming tasks in your life. Could you outsource them to somebody else?