The New Savage Number: How Much Money Do You Really Need to Retire?

Chapter 2. TIME IS MONEY

There's never a perfect time to think about your financial future. I doubt that anyone gets in the mood to do financial planning, unlike being ready for food, or sex, or sleep! But procrastination is the enemy of success, especially when it comes to investing. So here's a little incentive to get you in the mood for money!

In recent years, we've all become more aware that both time and money are running out. That makes our use of time even more precious. Knowing that these precious resources are finite should be an incentive to take an immediate and realistic look at your financial plan.

There will never be enough time to do all the things you want to do, to make all the money you want to make, to enjoy all the things life has to offer. The secret is to make use of the time you have, starting right this minute.

Time is money. If you're like most people, you feel you don't have enough of either. And you're probably right. But if you were asked to choose between the two, your answer would be revealing. If you choose time, it means you've reached the point in life where realities change. You understand this simple truth: Time can buy you money, but no amount of money can buy you time.

And that understanding colors the way you look at your future. Time has become a finite commodity. The issue now is to make the most of time and to make sure you have the money to do that, even though you will never know how much time you have left. The challenge is not to count the ...