In my previous blog on Managing Your Time, I urged you to look at “time” as you do “money.” I invited you to assign a dollar amount to each work task in your day. By the end of the day, ideally, if you did everything on the list, you’d figuratively earn a day’s pay. If you slacked off instead, it would reflect in your bottom line. In this blog I’m suggesting you think of every minute of your workday as a dollar. Periodically throughout the day, ask yourself: Am I wasting or saving time right now?
Time is more precious than money. There are many similarities: they are limited, have value, and are measurable. If you viewed your time this way, you might be shocked to see how much better you are with your money than you are with your time. The difference between the two is that you can earn money back, but not time.
Consider viewing time spent playing video games, surfing social media, consenting to interruptions, and worrying as “throwing time” out the window. If you “throw out” an average of four hours a day ( 240 minutes) with every minute at $1, it’s $240 lost a day, x 7 days is $1680 a week out the window! Would you throw $1680 out the window every week? Hell, no! If you’re conservative with money, thinking of “time as money” is a great way to think twice before you act.
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