But, money is a tool we amass and preserve but at times we can lose sight of why we want money in the first place. Money facilitates our wants and needs. Doing well enables you to give back financially which, for many people, is important.
The concept of time is elusive because, well, it stands still for no man. Beyond time being an arbitrary number derived from the Earth’s axial rotation and orbital revolution around the sun, it is also the life currency that you can never regain after “spending” it.
Study Shows Time Is The Most Valuable Commodity .
A commodity is any useful or valuable thing, especially something that is bought and sold. Grain, coffee, and precious metals are all commodities . The word commodity is usually used in an economic context, as in importing commodities from other countries or trading in the stocks and commodities markets.
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Traditional examples of commodities include grains, gold, beef, oil , and natural gas .
Jim Rohn – “Time is more valuable than money.
Time is also the commodity that is most often wasted by people. With tangible commodities (money, food, gold, etc.), if we lose it, we can acquire and gain more at a later date. It’s impossible to replace time which we have wasted away today. Time is forever lost.
We are taught from a young age to see money as our most precious resource. We are led to believe that we can make up for any of our shortcomings just by spending money. While money is a very useful resource; time is the most important thing a man can spend.
You have the ability to save money, to share stocks, to rent a house, and to lend a hand, but you cannot implement any of these actions with time . One can only SPEND it. So once it’s been used; it’s gone. This is why time is the only nonrenewable resource, and the only thing we can never get back.
The business value of data is unquestionable. The Economist went so far, last year, as to claim thatdata has overtaken oil as the world’s most valuable The business value of data is unquestionable. The Economist went so far, last year, as to claim that data has overtaken oil as the world’s most valuable commodity .
Commodity money is money whose value comes from a commodity of which it is made. Examples of commodities that have been used as media of exchange include gold, silver, copper, salt, peppercorns, tea, decorated belts, shells, alcohol, cigarettes, silk, candy, nails, cocoa beans, cowries and barley.
Agricultural Commodities Soft commodities like Coffee and Cocoa are among the most traded and consumed goods in the world.
Easy access to large, almost unlimited, numbers of people has turned us into commodities . For all but the superstars among us, it has, per the definition, rendered humans widely available and interchangeable.
The market price of a commodity that is quoted in the news is often the market futures price for that respective commodity . The futures price is different than the spot price or cash price , which is the actual price of the commodity that one would pay for it today.
A commodity is a basic good used in commerce that is interchangeable with other goods of the same type. Commodities are most often used as inputs in the production of other goods or services.