Einstein’s Theory of Special Relativity would be a good start. The “speed” of time for you, and the, “speed” of time for me would be different if we were traveling at vastly different velocities.
Also “time” here on Earth, and “time” on a planet, orbiting a star, in some distant galaxy thousands of light years away are different, as what happens in either system is in no way causaly linked to the other.
When it comes to the question you are asking, I don’t think there is a simplified version that would reflect on the reality. It’s just bloody complicated regardless.
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