«Time is money»”, said Benjamin Franklin age ago.The phrase is repeated nowadays often. But what is the meaning of the phrase?

One interesting research was fulfilled in the Great Britain by Jan Walker, who is a professor of The University of the Great Britain. The professor had been researching some data and phenomena for a long period of time. As a result a formula was worked out. The  formula is written like this:

V=(W((100-t)/100))/C, where:
- is cost per hour,
W- is a wage of a person per hour,
t  - is a tax value ,
C- is local cost of life.

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Using the formula above, we can see that the average cost of minute in the Great Britain equals from 8 to 10 pence (it is about 7.4 roubles). Therefore time is money in fact.

The aim of the investigation, the professor fulfilled, was to teach people to rate high their time. Any time for any task you do has its price. Whatever we do if it requires our personal time it is going to be worth something. Our sleeping time, our cooking time and our work time have their own price we pay up.

 

Awareness of the real cost of each minute of our life should help us to solve one of the most important task of choice whether to spent our time to save money or vice versa. Of course, we can cook our meal (and sometime to save our money), but it is possible to order someone (to save our time). We can take taxi (to save our time) or we can get on bus (to save our money). The right of choice is our native right!

Making the Home Library of Travels up is the choice to save both time and money.

 

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