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How Money Can Ruin a Good Time


Posted by Insightlink on 05/01/15

 Learning to value our time over money is a key ingredient in job satisfaction


Benjamin Franklin is to blame. He is the one who coined the phrase ‘Time equals Money’ and started us all on the never-ending quest to work more to make more. But as so many research projects and real-life awakenings have shown, money can’t buy happiness, yet many of us can’t get past the idea that if we aren’t making money we are wasting our time.
People who work all the time, though, are quite often miserable, which is not just an observation, it is a fact.

In a recent study done at the University of Toronto, researchers found that people who look at their time as money had difficulty enjoying their free or leisure time and are, ‘ more likely to feel impatient when they’re not using it to earn money. And that hurts their ability to derive happiness during leisure activities’. Treating time as money “can actually undermine your well-being,” says Sanford DeVoe, one of two researchers at the University of Toronto’s Rotman School of Management who carried out the study, which is to be published in the Journal of Experimental Social Psychology.


The key finding of their research showed that people who think of their time as money experience time differently.


In terms of job satisfaction, this has important ramifications because we know the most engaged employees exude positive attitudes and have developed skills that allow them to pursue choices that make them happy. An employee who works all the time and is chasing after money will never be happy and, therefore, can never be satisfied or engaged. In our experience, organizations can help by enforcing vacation time, discouraging after-hour emails and not expecting their employees to be available 24/7, as an excellent start to encouraging employees to take a break and enjoy their non-working hours.

As Jim Rohn has said, “Time is more valuable than money. You can get more money but you cannot get more time.”

Original article here: http://www.bakadesuyo.com/2012/02/does-time-equal-money/

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