Quote:
Originally Posted by Grant-53
Time is money. How you value your time may be based on labor rates or some other alternative costs. The real analysis comes into play when comparing modes of transportation. Do I drive my car, ride a motorcycle, take public transportation, ride a bicycle, or walk? One retired executive doing many speaking engagements around the country found that a twin engine aircraft was the most economical form of travel given the value of his time. A streamlined bicycle is the most efficient energy wise but may not be fast enough for a trip more than 25 miles. A car pool of four people is more efficient than a motorcycle if trip time is the same. Buses are very efficient but not at all convenient most places. When possible I use a bus and take my bike on with me to solo commute.
|
Yep, TIME IS MONEY.
Ben Franklin knew it and said it. But what could a centuries-old fuddy-duddy like him possibly know? He was never a president, but unlike all the others who were presidents, (with the exception of Alexander Hamilton) his face is on the largest currency note we have.
Some folks have more time on their hands than they know what to do with. That's one perspective. Not everyone is retired or out of work. Others are busy being productive and never seem to have enough time.
Sometimes I drive fast, and sometimes I drive slow. It depends on the situation, whether it is economically advantageous or not.
But every time old Ben shows up in my wallet, I smile. 