as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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explain why the phrase 'time is money' is meaningful.
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the phrase “time is money” is meaningful because it is an expression of how valuable time is. we can never get back time once it has passed, so it's important to use our time wisely and efficiently. every minute of our time is valuable, as it corresponds with a potential opportunity or task that we could be working on or undertaking. using our time wisely and efficiently is a key component in maximizing productivity, and thus money, in our lives.
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