Alain Guillot Show | Personal Finance And Entrepreneurship

080 Daniel S. Hamermesh; Spending Time: The Most Valuable Resource

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http://www.alainguillot.com/daniel-hamermesh/ ‎ We heard it all the time: Time is money, but is it? Professor Hamermesh, argues that as we become wealthier, we have more money, but we don't have more time, so money plentiful while time is not, which means that time is a lot more valuable than money. If we compare our income with the income of our grandparents, we are earning about 3 times as much, but don't have 3 times as many hours. According to Professor Hamermesh,, rich people would be a lot more stress about how they spend their time that not rich people. The reason is that they have so many options that it becomes stressful to make a decision. The average person spends their time doing three major things. Sleeping Working for pay Watching TV Some ways in which rich people spend their time? They watch less TV They sleep less They work more They spend their money and time on experiences, many of those experiences are expensive. Men watch more tv than women 2.5 to 3 hour more. In the US men watch abou