Which is more time or money

Time or money - what is more important to you?

Time that we invest in work is paid for. We don't get any money for time that we allow ourselves. On the contrary: free time costs money. Firstly because we spend some when we go to a restaurant or go to the cinema. Second, because of the opportunity costs: we don't work in our free time, so we miss out on earnings. So, as a rule, the more money we want, the more we have to work and the less time we have. If you want more free time, you lose your earnings.

Nevertheless, two thirds of the participants in our short survey are certain that more time is more important to them than more money. Well that was a very general question, that's clear. But it shows a tendency that other surveys confirm: Money is no longer as important to us as a good work-life balance, time for yourself, family and self-fulfillment. Work is no longer our life.

The personnel consultancy Rochus Mummert surveyed more than 1,000 employees in Germany and found something similar: 43 percent of employees in Germany can imagine working part-time and foregoing money. A third of managers would be willing to forego money if they had more free time. According to the study, however, these wishes are still not heard by many companies.

 

Why is time becoming more and more important to us?

We can save money, but not time. We always know how much money we have left - but not how much time we still have. We also get used to material things. Porsche and Villa do not give us lasting happiness - nor does a higher standard of living make us happy in the long term. Time for yourself or for the family, on the other hand, brings us moments of happiness several times over. We live on the memories of what we have experienced for a long time to come. But time is a scarce raw material in our society, in which everyone tries to become even better at everything: even more educated, fitter, richer or more successful.

 

What does this mean for the world of work?

IT / engineering freelancers have an advantage here because they already live a flexible working model. But it is also clear that some customers have further optimization potential. More and more employees, whether internal or external, want more flexible working hours and conditions. You would like to have the option of working part-time for a certain period of time. They want to be able to reconcile family, self-fulfillment and work better - because they don't want to do without any of them.

It is also clear that if you have no money, you have an abundance of time, but you cannot benefit from it. He cannot use it - he also lacks recognition and the opportunity to achieve a certain standard of living and status. The trend towards “better time than money” shows that the benchmark for a successful life has changed. Not those who own a villa and Porsche have “made it”. But the one who is in balance, who sees meaning in the things he does. Who can get enough money from his work, has time for family and friends and does not allow himself to be stressed by the omnipresent pressure to optimize.