I remember it took me a while to wrap my mind around this one. How could time be more valuable than money?
I remember listening to the late Jim Rohn's CD where he explained it. If you loose some money you can earn it back, but if you waste your time, you can never get it back.
That is why you need to be very careful who and what you spend your precious time on. Make sure that you dedicate most of your time with people who are active in your business and give the remainder of your time to work in groups with people who are not so active.
But also, understand that there is no scarcity of time. I see so many people write themselves off at the age of 35, 40 or 50 by saying things like "oh, it's already too late to start something new" or "oh, I'm too old to learn new things now" etc.
Look at the story of the KFC. Colonel Harland David Sanders started the Kentucky Fried Chicken franchise in his 60's and became a millionaire in his 70's when so many people would have said it's too late to start something new.
Here is a video where I talk a little more about it:
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