Time Value of Money
This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…
What is “Time Value of Money”?
“They always say time changes things, but you actually have to change them yourself.” — Andy Warhol, artist
Key Points:
- A dollar today is worth more than a dollar tomorrow. Calculating the Time Value of Money is a way of making choices when dealing with Opportunity Costs.
- The more profitable options you have to invest that dollar, the more valuable it is.
- Time Value of Money can help you determine which options to choose and how much you should spend, given the alternatives.
Questions for Consideration:
- How can you use the Time Value of Money to make decisions about where to invest your resources?
- How can you take advantage of the Time Value of Money to make wise investments?
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