Why Buying Back Your Time Creates More Wealth Than Saving Money
- Akash Damodaran
- Jun 19
- 2 min read
When I first moved into our previous condo unit in Toronto, people thought I was insane.
“$3000 a month? For rent?”
We’re not just talking about other fellow immigrants,
we’re talking about veteran Torontonians too looking at me like I’d lost my marbles.
They weren’t wrong to ask.
On paper, it looked reckless.
But here’s what they didn’t see.
That rent didn’t just buy me a place to live.
It bought me time.
No two-hour commute. No endless cleaning.
No distractions pulling me away from the work that actually moved my life forward.
Here’s something that most people ignore:
Spending on convenience is how you buy back time.
Time is the only thing that compounds faster than money.
When I stopped cooking every meal and started ordering ready-to-eat meals,
people said I was being lazy.
But those two extra hours a day became the hours I used to grow UNI Media and build Mané Coffee alongside my day job.
(It’s been a few years since I’ve cooked and I don’t intend on starting anytime soon either 🙂)
The rent didn’t slow me down.
It forced me to level up.
Because when your lifestyle gets expensive, your mindset either expands or collapses.
Mine expanded… BIG TIME!
Thriving isn’t about spending recklessly.
It’s about spending intentionally to create leverage.
Leverage is the only thing that will give you exponential upside and results.
So here’s a thought experiment for the week:
Look at where your time leaks are.
Ask, “What can I delegate, automate, or pay for that frees me to focus on growth?”
Then do it without guilt.
I know the above aren’t easy to do. I used to think it was BS.
But some time well spent thinking, will get you started on the first step.
That’s all you need!
And once you taste that level of freedom(and value, in return), there’s no going back!
Remember that your goal isn’t to just save money.
It’s to build a life that gives you time to create more of it.
PS: I go deeper into this idea in my video “Why Toronto Being Expensive Was the Best Thing That Happened to Me.”