Sunday, September 19, 2010

Time Management and Money

Time is money. Managing time is saving money. If you want to make money, you need to manage your time very carefully and avoid anything which distracts you and takes you away from your primary focus. What time worth varies from persons to person. Every seconds of every day has monetary value, no matter what you are doing. While most people earn $7.25 an hours others earn more depending on the worth placed on time. Knowing how much time to schedule for each job is critical. Time is a resource you must invest it carefully. The bottom line is to start thinking of your time as the precious commodity it is. Time is money - so invest it. Invest it in those areas that produce the most benefit and lead toward living a full and enriched life. Stop just spending time, wasting time, and giving time away. Invest it!

  Thinking of Time as Money
Assign a monetary value to your time, and watch how much less of it you are willing to waste on unimportant stuff. When you are not sure an activity is worthwhile, calculate how much it will cost to do it. Watching TV suddenly becomes very expensive, money that could take you closer to your dream. The choice is yours.  Change the way you manage your time. There are four primary things we can do with money. It can be spent, it can be saved, it can be invested, and it can be given away. Time cannot be saved. It passes by, second by second, 1,460 minutes, each and every day. Once it is gone, you can never get it back. You have only three options for using the time you are given each day. You can spend it, you can give it away, and you can invest it. To spend money means to pay out money or give money for something in return.

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