|
|
Like this article? PLEASE +1 it! |
|
Time Is Money
Written by: Tom LemanskiArticle Overview: Could time be among the scarcest of all our resources? More so than money? Why don't we act accordingly?
![]() |
Free Download - Five Resounding Reasons to Review Your Strategic Plan By Tom Lemanski |
Time Is Money
The old adage: Time is money. We all say it. What does that really mean? Many of us are paid on the basis of the amount of time that we put in. However over the long term, the rate we are paid for our time is based on the value and efficiency of what we accomplish. Mastering the use of time is the means to the end of acquiring money.
Could time be among the scarcest of all our resources? More so than money? The US Dollar is an elastic entity. The Federal Reserve is printing currency as you read this. No one is producing more hours for your day. It is up to you to make the most of it with the choices you make.
With both time and money, you choose to either spend it or invest it.
Spending, with either commodity, involves using up what you have.
Investing involves committing some of that resource with an expectation of a return.
Are you finishing each day, week or month in the red? Or in the black?
If time is among our scarcest resources, why do so many find it so difficult to invest it?
Money is tangible. Time can not be touched, felt or seen. Time's intangibility makes it difficult for us to realize when we haven't invested it. The result is that we habitually spend it on today at the expense of tomorrow.
Most of us know the proven principals for mastering your use of time.
- Prioritize your activities based on importance on a daily basis.
- To maximize your productivity, you should work toward completing your urgent/important/critical tasks each day.
Are you ready to begin developing more productive habits to manage this precious resource? How can you expect to build a prosperous tomorrow, if you haven't worked on it today? When will you begin to establish more productive habits for investing in your agenda rather than spending your time on the priorities of others?
Related Articles
Article Tags: time is money, time management
|
About the Author: Tom Lemanski RSS for Tom's articles - Visit Tom's website Tom Lemanski is President of Vista Development, a strategic development firm in metropolitan Chicago Illinois. As a Business Catalyst and Executive Coach, Tom works with executives in growth orientated organizations to help them to overcome their internal obstacles to growth and achievement. He has recently launched a new site Executive Talent Assessments with new resources for making more informed hiring and promotion decisions. Follow Tom on Twitter Click here to visit Tom's website The Customer Isnt Always Right Cutting Edge Leadership from Ancient Greece Time Is Money A Lesson in Higher Level Communication from an 800 Pound Gorilla Order Takers vs Influencers |
Related Forum Posts
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
You Have A Website What Now
How to Set Sales Goals that Work
Making the Most of Your Trade Show Experience
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.



