Readers’ Blog

Saving money or saving time?

Popularity 11Viewed 15106 times 2011-12-27 23:20 | saving, money

One day in 1998, I've ever walked across several unfamiliar blocks in Beijing for about 8 hours. Why? Only for saving RMB 10 from taking a taxi.

Nowadays, sometimes, I still did so.

However, let us do a calculation.

Supposed one can earn RMB 10,000 a month. A month has about 4 weeks. Each week has 40 working hours. Then 10,000/160 = RMB 62.5 per hour = RMB 1 per minute.

If you earn RMB 15,000 a month, then it is RMB 1.5 per minute.

(Opinions of the writer in this blog don't represent those of China Daily.)


Passing

Eggs

Flowers

Shake hands
1

Ray

Friends who just made a statement (1 Person)

Like 0 Share
8.03K

Report

Comment Comment (18 comments)

Reply Report dreamlife 2011-12-28 21:03
Once china proverb says: Time is Gold, maybe this article just prove it.....
Reply Report 468259058 2011-12-28 21:20
dreamlife: Once china proverb says: Time is Gold, maybe this article just prove it.....
Thanks, and these words are from my experience.
Reply Report shimy2005 2011-12-29 14:11
   It depends.
RMB 1 per minute is for your working time.  It doesn't value so much in your leisure time.
For example,you may clean your room sometimes.  But we can employ a floater to do  this,while it may cost you RMB15 yuan per hour.  Then your time becomes RMB15 yuan per hour in this case.  Of course,you may think you will clean the room cleaner than the floater.  Then,what about RMB 30 YUAN per hour?  It is much lower than RMB 1 per minute.
Reply Report liuchenxiangwo 2011-12-29 22:00
This is not a formula between money and time.
Reply Report 99266393 2011-12-30 22:11
you are a talent on business
Reply Report 468259058 2011-12-31 07:14
liuchenxiangwo: This is not a formula between money and time.
kind of a forumla.
You may judge how much value is your time with a standard.
A standard could be your salary, your happiness, your ....
Reply Report 468259058 2011-12-31 07:17
99266393: you are a talent on business
Thanks, not as what you said.

Actually, I am poor in oral communication, aural comprehension, memory, relationship management and emergency response in business discussions. And I'm improving my skills.

However, I often deal with numbers. lately, I almost did calculation everyday with excel, calculators, and so on.

Sometimes, I make the "Guess" or the "Judgement" through the numbers' comparison.
Reply Report 468259058 2011-12-31 07:38
shimy2005:    It depends.
RMB 1 per minute is for your working time.  It doesn't value so much in your leisure time.
For example,you may clean your room some ...
Part of your words are right.

in addition:
1. From the persepctive of narrow economics, if you earn RMB 1 million one month, or more, maybe you would employ a 24-hour housekeeper.

2. A day has both the relax hours and the busy hours. Probably you would create more values in busy hours. And we can't apply the value of busy hours as a common value of 24 hours a day.
Reply Report 99266393 2011-12-31 22:40
i am also poor in communication , especially in a noisy surroundings , because i can not keep a clam brain nor consider a good solution , so i am not a businessman , i remember one year i helped my uncle look after his shop , i had confidence to manage it , because i had a gift on math , it just a lilttle case for me .
        but , i was wrong , one day when i saw someone came into the shop , i welcome him or her and asked what he or she wants , they just looked around , then said " what 's the price of this , and how much is that " for many times , when they selected one good , i replied it is XX yuan , but they said " i will buy something else " ,and i have to caculate the price again, sometimes many people came to buy many things togahter at a time ,  i asked them to wait for their turns , and they uaually did not content this , my brain nearly can not work , then errors can not be avoid.
          i really do not like it
Reply Report 468259058 2011-12-31 23:12
99266393: i am also poor in communication , especially in a noisy surroundings , because i can not keep a clam brain nor consider a good solution , so i am not  ...
Communication is far more than memorizing the price.
A guy can sell 100 pairs of shoes in a month.
B guy can sell 200 pairs of shoes in a month.
Probably, B guy has a high skills in communication.
Reply Report 468259058 2011-12-31 23:16
99266393: i am also poor in communication , especially in a noisy surroundings , because i can not keep a clam brain nor consider a good solution , so i am not  ...
communication:
To get as much as possible information from body and oral language.
To grasp the important one such as the possible deadline and feedback quickly.
Be relax when being relax is required.
Be serious when being serious is requried.

And so on.
Reply Report LCSULLA 2012-4-21 16:53
Hehe,
a German Blue Collar Worker can easily waste more money commuting a day then than chinese workers or employees may earn a month then.
Reply Report 605234775 2012-4-24 00:17
sometime you take 1 hour to wark the block ,witch make you happy and relax .
sometime you make  RMB 100 per hour  ,but you lost your health .
so it is no wealth to compare time with many
Reply Report 独舞的蒲公英 2012-5-25 10:52
Life is focuses on the enjoyment, and the money is one part of our life. The most important is happiness.
Reply Report LCSULLA 2012-7-29 18:30
Time is Money.
Reply Report trea08 2012-10-30 14:01
forget about the "time is Money", when you get old enough you might think both time and money means nothing.  I am just pessimistic some time, oh most of the time.
Reply Report KristaChen 2013-8-29 13:46
interesting to read. I like your writing and thinking!

facelist doodle Doodle board

You need to login to comment Login | register


Album

Recent comments

Star blogger

Anming

4124

views

Maierwei

2603

views

财神

4580

views

BACK TO THE TOP
Contact us:Tel: (86)010-84883548, Email: blog@chinadaily.com.cn
Blog announcement:| We reserve the right, and you authorize us, to use content, including words, photos and videos, which you provide to our blog
platform, for non-profit purposes on China Daily media, comprising newspaper, website, iPad and other social media accounts.