What is the value of time in an economic Depression? How does it help you or hurt you in a business or in your attempts at making money?
Time can hurt you if:
You don’t have enough money to pay your creditors, your bills, your mortgage. Every clock tick just makes it closer to financial ruin.
If you are very ill or dying, time runs out and you don’t have life. That is the ultimate in cashing out of a business- the business of your life!
If you are taking a test, waiting to get home from being deployed in a combat zone, or waiting for a refund check from the Fed or the State. Time crawls and seems to take forever.
Time can help you:
If during the Depression you can go to school, you can use the bad economic times to step outside the ruckus and educate yourself to be in a better position to profit from things when the economy turns around. You can also retrain yourself for hopefully more marketable skills.
If you are in love, you always are looking for more time. Time does fly when you are having fun.
When it comes to investing, you want to look for investments that will do well in bad times. People who are shorting the stock market are doing okay and for the time being, the stock market looks like it is going to be down and possibly going down further. I won’t go on record saying you should short the market because there are rallying moments and you can get clobbered if the market takes off.
As long as there is time, if you are sick, they can find a cure for what ails you or what can manage whatever disease you have. The only exception again is if you have something fatal and are leaving us too soon.
Time is also your ally in a Depression because you can use it to revisit your family, your friends, your hobbies and remember why you were working so freaking hard in the first place. To make your life better for yourself, your friends, your family and so you can have time to enjoy your hobbies.
So isn’t it time that you start thinking about how you value your time?
Be safe, sane, healthy and try and get wealthy.
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Kim Isaac Greenblatt
Time Value In A Depression