Have you heard the admonishment that “Time is Money?”

It is an old saying that exhorts us to make best use of our daily actions in order to reap financial rewards. Taken to heart, it would also imply that being productive will increase the amount of money we acquire. Is there truth to this conclusion?

Tiago Forte believes that there are similarities between productivity practices and budgeting. In an article on his website, Tiago shares thirteen parallels that define successful application of both skills. The first one has to do with aligning with a deeper purpose.

“What do I want my money to do for me?” Everything else depends on the answer: if you value freedom and autonomy, your decisions will look very different from someone who values security and stability.

It’s likewise very valuable to ask yourself, “What do I want my work to do for me?” Besides the obvious answer of “provide a paycheck,” the conclusion you come to has profound implications for where, when, and how you work.

If you value creativity and self-expression, but an ever greater proportion of your to do list is filled with administrative tasks, you will eventually experience dissatisfaction and burnout, regardless of how many hours you work or how much it pays.

Another parallel he shares has to do with shifting our thinking. Tiago believes we should let go of what “should be” and honestly accept what is actually happening.

There is a deeply seated human tendency, when things aren’t going how we believe they “should go,” to simply deny reality. We can make up justifications, rationalizations, and excuses effortlessly, and maintain them even when the impact on our health, happiness, and relationships becomes unbearable.

Simply knowing what is happening is half the battle when it comes to money or productivity. Getting a hold on the “current state” requires letting go of the lenses and stories we use to buffer reality and protect our ego. This is why making a comprehensive Project List is so powerful – it lays out the current state of affairs in objective detail, allowing us to make fully informed decisions.

Learn about the other eleven parallels by reading the rest of the article.