When smart people say something profound, it’s worth spending more time to fully understand it

“Time is Money” Doesn’t Mean What You Think It Means

And why that’s important in business and in your personal life…

Photo by Romain Vignes on Unsplash

“You keep using that word. I do not think it means what you think it means.” — Mandy Patinkin’s Inigo Montoya in the 1987 romantic comedy The Princess Bride

The well-known phrase “time is money” is often attributed to Ben Franklin, who wrote the following in a short essay “Advice to a Young Tradesman” (though the origin of the concept traces back to ancient Greek philosophers):

“…Remember that time is money. He that can earn ten shillings a day by his labour, and goes abroad, or sits idle one half of that day, tho’ he spends but sixpence during his…