The Money Value of Time


Even if you’re not particularly familiar with the wide world of finance, you’ve probably heard mention of the “time value of money”. This is the foundational idea that a dollar received today is not the same as a dollar received a year/decade/century from now. You may relate to that concept in any number of ways (say, in terms of the familiar notions of inflation or interest or opportunity cost), but I’m guessing you don’t dispute the idea itself: that the constructs of money and time are inextricably linked.

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On this, we agree.

Recently, I remembered a moment from my days in Purgatory that wasn’t so much a harbinger as an explicit directive about things to come. Sure, the boss figure in this story (for whose protection names and timelines are omitted) didn’t intend to tell me to quit my job, but – well, you’ll see…

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