Vince Reed argues that time is more valuable than money and illustrates this with a lawn-mowing example: doing a task yourself (scissors), using a tool (lawnmower), or outsourcing (gardener) all achieve the same result, but outsourcing can be far better if your time can be spent earning money. He quantifies the trade-off by comparing three hours spent mowing (worth $100/hour → $300 foregone) to the cost of hiring help, framing this as a decision pattern common to successful people.
You could go out there and you could literally cut your grass with scissors. May take you a couple years to do, but it's possible. You could go out there and you could use the lawnmower and cut grass, or you can get a gardener to do it for you. Now, they all will accomplish the exact same things. Some things will allow you to do certain things faster. And if you understand that time is way more valuable than money, you'll realize that option three is a lot better for you, especially if you want to become a millionaire. Well, how much do you value your time? Let's say that in those three hours, you were worth $100 for the three hours that you spent. So you could either spend three hours out there mowing your lawn or for every hour you could have made $100, that would have been $300 for what you spent out there basically cutting your own grass. These are the differences in terms of the decisions that I've noticed that successful people make.
