MONEY, TIME AND VALUE

Time is money.
But have you ever tried putting a value on your time?
Better yet, are you deliberate in how you spend your time?
Rory Vaden, a self-discipline consultant and co-founder of Southwestern Consulting, says very successful people are usually very intentional about how they spend their time.
Successful people understand the “money value of time,” as Vaden put it in an April 2013 column in The Tennessean newspaper of Nashville.
Average people waste a lot of time, and may not even know it.
They look for stuff. They sit in front of the television, not even caring what’s on.
Sometimes we waste time and hate it, such as standing in line, getting stuck in traffic etc. We hate it, yet we rationalize that we “have to do it” to get to something we want. — like show tickets, or getting home from work.
Vaden talks about how people are paid for time in the workplace. One hour of work equals your hourly wage. Everyone can calculate how much he or she gets paid for each hour worked. Yes, even “salaried” folks can figure out what they make per hour.
What’s more difficult for many is figuring out how best to spend each hour of the day. What return will a person get for time spent?
For many, if they analyze time spent, the return on investment may be pretty puny.
You may think television gives you pleasure, but if you spent some of your TV time doing something more productive or worthwhile, you can increase your return on your time investment.
What if you could work full time at your job, and part-time on your fortune? Would you be willing to give up some, say, TV time for a shot at firing your boss? Would you be willing to spend your time away from work on something that will help you grow as a person? If so, check out www.bign.com/pbilodeau. This may enlighten you on a better investment of your time.
Time should not all be about work. Time with family, friends or helping others brings tremendous return on investment. But try taking a week, divide it by hours, and see how you fill those hours. Then, figure the ROI for each hour. You might be surprised at the results. They just might make you a little more deliberate about how you spend each hour.
Rethinking how you spend your time may make you the success you want to be.
Peter

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