People always feel that they have very little free time, that time has somehow become very scarce, and that they are always looking for more of it.

"Wasting time is wrong." "Time is money." These statements surround our ears.

But behavioral scientist Ashley Whillans' new book "Time Smart: How to Reclaim Your Time and Live a Happier Life," tells us to let go of the hackneyed idea that time is money. Time is more valuable than money.

In her book, she writes that focusing on money leads to dissatisfaction, not fulfillment.

There is a body of evidence that shows that people who feel they have enough time and control over their schedules experience more happiness, less stress, and better health, are less likely to get divorced, and are more likely to choose satisfying work.

Pursuing money for happiness may bring you more money, but not necessarily more happiness.

As time passes, this process may make you less happy as you begin to compare yourself to richer people and you have less time than before.

Time is not money, it's happiness.

Money is concrete and tangible, we can easily perceive how much $100 is worth. We will always want to have more money in the future.

But time is abstract, hard to quantify, and it's hard for us to spontaneously realize what we would do with more of it.

We underestimate time because we don't consider small losses of leisure time the way we calculate small financial losses.

Being a young worker in today's world is not easy. Many are saddled with student loans and many jobs are precarious.

Not to say that focusing on a career is wrong, but many people go a little overboard in this area.

We must make wise choices in our lives to ensure that our entire lives are not bogged down with productivity or overly focused on financial rewards.

We neglect other elements of our lives that may bring fulfillment or give us meaning.

If you can't balance time and money in your life, the best time to address that issue is in the present moment and tomorrow may not come.

People nowadays slice up their leisure time into bite-sized chunks of time through behaviors like working, texting, and endlessly scrolling through social media, which makes leisure time less enjoyable.

Perhaps we should think about how we can spend more time on building better social relationships, fitness, hobbies, and volunteering.