Quoted from Scott's Entrepreneurs Blog which I found very interesting to know:-

Have you ever wondered why some people seem to get rich easily, while others are destined for a life of financial struggle?

Is the difference found in their education, intelligence, skills, timing, work habits, contacts, luck, or their choice of jobs, businesses, or investments?

Is there a "money and success blueprint" out there?

There is some great discussion in response, but one reply in particular made me stop and think. One person put forth the following hypothesis:

1.Time is money

2. Knowledge is power

Physics says “Power = Work / Time”

so...

Knowledge = Work / Money

and therefore...

Money = Work / Knowledge

Well this didn't set well with me. This leads to the conclusion that the more you know, the less money you make, and that the only way to get rich is via hard work. This is simply not true empirically.

My hypothesis goes more like this:

Money = Work * Knowledge

This just makes sense. Either knowledge or work increases the money you make. If either of them approaches zero, though, so does your income.

So let's go with this for now. We'll also take the law of physics as a given, so that gives us...

Money = Power * Time * Knowledge

This rings very true. Money is power and knowledge applied over time.

So one of the original hypotheses -- those popular maxims -- must be wrong. Let's check them...

If Knowledge = Power, then...

Money = Knowledge² * Time
or

Money = Power² * Time

Possibly, but not obviously true. If we accept that it's impossible to have power without knowledge or knowledge without power, then I supposed it works. Let's test the other hypothesis though...

If Time = Money, then...

Power * Knowledge = 1

This implies that the more you know, the less powerful you are, and the more powerful you are, the less you know. It is again empirically obvious that this is simply not the case.

Therefore, I must conclude that in fact, time does not equal money!

Whew, that's a relief! :-)

 

Quoting from [Elisha]:

very interesting.

Quoting from [Elisha]:

Dear Elisha,

Very interesting reasoning!

We have been told that time is money when we were very young so that we must cherish time and make efficient use of it. In fact, that saying is  not a truth and it just works as a motivation for us.

 

 

Quoting from [Jana2008]:

We have been told that time is money when we were very young so that we must cherish time and make efficient use of it. In fact, that saying is not a truth and it just works as a motivation for us.

Yeah~ So now i got the conclusion of Time does not equal to Money....

But i can't figure out what's the new equation

If Time =/= Money, So Time = ? and Money = ?

I am still looking for an answer...

Quoting from [Elisha]:

Quoting from [Jana2008]:


We have been told that time is money when we were very young so that we must cherish time and make efficient use of it. In fact, that saying is not a truth and it just works as a motivation for us.

 

 

Yeah~ So now i got the conclusion of Time does not equal to Money....


But i can't figure out what's the new equation


If Time =/= Money, So Time = ? and Money = ?


I am still looking for an answer...

That's quite interesting

Quoting from [Elisha]:

Quoting from [Jana2008]:


We have been told that time is money when we were very young so that we must cherish time and make efficient use of it. In fact, that saying is not a truth and it just works as a motivation for us.

 

 

Yeah~ So now i got the conclusion of Time does not equal to Money....


But i can't figure out what's the new equation


If Time =/= Money, So Time = ? and Money = ?


I am still looking for an answer...

Dear Elisha,


I have gone through your whole reasoning, well I must say that time is not equal to money. Time is more precious then money.


Money once spend can be earned again but.. Time spend can not be re earned.

Quoting from [Elisha]:

Quoting from [Jana2008]:


We have been told that time is money when we were very young so that we must cherish time and make efficient use of it. In fact, that saying is not a truth and it just works as a motivation for us.

 

 

Yeah~ So now i got the conclusion of Time does not equal to Money....


But i can't figure out what's the new equation


If Time =/= Money, So Time = ? and Money = ?


I am still looking for an answer...

Dear Elisha,

Time is not equal with money. Time is more precious than money

Money is wordly things .

Golden Sayings of The Buddha  :

Everything is impermanent 

All conditioned things are impermanent. When one sees this in wisdom, then one becomes dispassionate towards the painful.