Meaning of the word "time is money" in English

What does "time is money" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

time is money

US /taɪm ɪz ˈmʌn.i/
UK /taɪm ɪz ˈmʌn.i/
"time is money" picture

Idiom

used to emphasize that time is a valuable resource and that wasting it results in a loss of money or opportunity

Example:
I can't wait any longer; time is money.
Please get straight to the point because time is money.