Yes, time is life. And living is when we can spend time.
I learned about time management some 25 years ago. I did a lot of planning and scheduling (personal and business) time. Then I came to realize this. It is not 'management of time' but 'management of perception' - how to live with the important things in our life.
I think once we know what are really important to us - to our life - we can now see how much time/money/resources we want to spend doing things.
I don't know about you, but I'd rather ;-)