Your Time is Your Money!

Posted On May 30, 2006 | Written by Emmanuel Oluwatosin

It is quite so unfortunate to note that many people just live with no picture of where they are going or what lies ahead. They exist merely with nothing to show forth for their existence. The only thing they know how to do best is to mark time. This is clearly seen in the way many manage their [tag]time[/tag]. It is worth remembering that a week from now it will be a week from now and what becomes of you after then is determined by how you utilise your time right now. Whether you manage it well or not, either way, you will surely achieve a certain result only that the result might not be what you expected.

Start by reducing some of time’s best enemies. Probably the strongest of those has just two initials “TV”. Is your TV time cutting into your productive time? Take this little test. Estimate how many hours of TV you watched last week. Be honest with yourself. On average, people spend 20 to 30 hours watching TV every week no thanks to movie industry that are being released into the market almost every week. If you reduce that even by a little, you have more time to take the actions that will lead you towards success. What about the time spent just surfing the Internet with no end result? Many times we just sit down behind the computer system wasting away the precious gift of time God has given us. An average person spends most of his/her time online in the chat room chatting with people they know nothing about from Adams. I really wonder what the life of some will turn out to be if Yahoo, Hotmail or most of the chat rooms decide today to shut down their chat rooms. Imagine what our world would have turned out to be if all those hours are converted to doing things that add to our lives. The problem is NOT that there isn’t enough time. Time doesn’t expand. The problem is that many burden themselves with too many irrelevant activities. They always want to take part in even activities that do not necessary demand their attention. You often hear people say that they are busy. But the question is how productive is what they are doing with their time. Don’t confuse being busy with working efficiently – activities can be tension-relieving, not [tag]goal[/tag] achieving. By concentrating on fewer, priorities regularly on a fixed schedule, you can achieve a lot more in less time. [tag]Time management[/tag] is an interesting notion. Though it may not be possible to own or control time, you can manage yourselves in time – your awareness of what you are doing and how you are doing it within the construct of time. You can actually determine what you do with the gift of 24 hours that you get each day from God. You definitely have the ability to influence your experience of time and what you do with your time. What you put your attention on increases, and so it is with your perception of how you use time. It’s all about [tag]focus[/tag]. Focusing your attention is one thing you needs to learn if you indeed want to make the best of your time. Since you cannot focus on everything, you must be selective about what you spend your time on. This means that we must prioritize. The key to success is how you allocate your time to the important ones.

If you want to make good use of your time, you’ve got to know what’s most important and then give it all you’ve got.” ~ Lee Iacocca ~

You have, no doubt, heard the phrase “the time value of money“. It means that a dollar in your hand today is worth more than a dollar in your hand a year from now. Why? Because of what you can do with that dollar over the next year. You can invest that dollar in any business or even in an interest – bearing project and have $1.05 at the end of the year. If you decide to take your money in a year, your [tag]opportunity[/tag] cost (foregone investment) will be five cent. Not to mention what inflation will have done to your purchasing power within the time frame under consideration. Think about how many hours you are losing each time you engage in those irrelevant activities. Apply the same thought process to when you actually ARE working also -maximizing your time. Decide what better use of your time is every time. By having this uppermost in your mind at all times, you can always decide what the best use of your time is. Time is money and money is time. So, spend them wisely.

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