People who invest their money wisely are usually more successful than those who spend money carelessly. The same goes for people with time; those who invest their time are far more successful than those who spend it carelessly. However, the danger with spending time is forgetting that it cannot be refunded, earned or won on a Lottery ticket. Once it’s spent, it’s gone.
Mature people know they shouldn’t be careless with money. They won’t buy things they can’t afford to pay on a credit card, live in places where the rent exceeds their paycheque or gamble large amounts of money they can’t afford to lose. Mature people understand money is valuable and needs to be taken seriously as the impact of losing it can be devastating.
Most people get this concept when it comes to money.
Very few, however, understand this concept when it comes to time.
Time is more valuable than money. You can get more money, but you cannot get more time.– Jim Rohn
Time is the irreplaceable currency you’re paying with every second. You can’t work overtime to gain any time back, nor can you take up a second job to earn a little extra or ask the bank for a loan.
People are far more flippant with their time than their money than time, despite the latter being irreversible in its transactions. While people know it would be foolish and potentially dangerous to invest their money into things which won’t create a profitable return, they mindlessly spend their time into wasteful activities which offer little or no personal return.
You have 168 hours a week at your disposal, with an average of 2,400 minutes to yourself within that period. Yet the time you invest in social media, Netflix, bad relationships, unfulfilling jobs, unhealthy dietary and lifestyle choices never gives you as much value as you put in. But you’re so willing to throw your time away into activities and lifestyle choices which aren’t the best for you in the long-term because you consider your time as something to ‘spend’ rather than ‘invest in’.
Successful people realise there is no such thing as ‘free time’. All of your time comes at a price, and you can invest it wisely. It’s not as though you shouldn’t have any leisures in life or stop doing things you enjoy, but you should always consider what impact certain activities will have before you invest time into it.
You can watch Netflix in the evening, but you can make your investment worthwhile by not watching as much or by tailoring your television time match your personal, professional or educational ambitions.
Invest Time as you would Money
You would never risk putting all your money into one stock or gamble all your life savings on red. Risking all your money in one go would not only be a financial waste, but it would also symbolise many wasted opportunities.
The same philosophy applies to time. You shouldn’t put all your time into supporting another’s dreams and ambitions and neglect your own. Nor should you put all your energy into your career to the detriment of your health.
Diversify where you invest your time by first eliminating all distractions and then identify what you want to spend your time on, personally and professionally. Once you’ve identified where you should invest your time, categorise these items into urgent and important tasks and manage them accordingly.
People find focusing and narrowing their lives down tricky because there is so much they can do with their time. There are four aspects of your life in which time manifests itself: discussion, action, thought and distraction.
Life may be short, but it’s not as short as you think. Stop allowing your anxiety to paralyse you and embrace what you can do one step at a time. You may want to become a professional singer as well as a successful entrepreneur, but to be successful in either of these fields requires dedication and focus. Efficiently managing your time means being selective in the short-term to accumulate more skills and experiences in the long-term.
Not engaging in senseless social media fights or reading trashy news articles helps you protect your time. Also, ceasing to hang out with friends who don’t inspire you or indulging in unhealthy lifestyle habits will help you channel the emotional energy necessary to manage the time you have efficiently.
You have the time to do everything you want to in life provided you invest your time wisely.