Well what does time mean in this context? Patience? Foresight?

I've actually spent the morning journaling on the value of having a long time perspective. So initially I thought the author was saying something to that effect.

But the other translation leaves out time altogether! So honestly I don't know what he was trying to say. I guess it's just some archaic idiom for luck?

It may be perfectly clear to you. For me (a non-native speaker) reading the first verse required a significant focus and I still didn't get what the author meant (only the general vibes).

The second verse was immediately clear.