There are three things that you should know about time.
1. Time is the most democratically distributed resource that exists. Think about it, every person has exactly the same amount of time available to them. No matter whether that person is powerful or poor, enterprising or idle, or bright or ignorant.
2. Time is an unrecoverable resource. Unlike other resources what makes time truly unique is that it cannot be bought or sold . It cannot be borrowed or stolen. Stocked up or saved. Manufactured, reproduced, or modified. All we can do is make use of it and whether we use it wisely or not, it nethertheless goes on with or without us.
3. Time is more valuable than money. While you can always earn more money you can never earn more time. Yet the vast majority of us tend to think mush more about the use of our money, which is a renewable resource. Than we do about our time which is a non recoverable one and far more precious.
3 Things you should know about Time
What I want to do right now is encourage a healthy obsession with time and to provide you with four actionable ideas that will help you to manage both time and money while creating a massive sense of urgency in you life.
The first has to do with life expectancy. The average US life expectancy is 74 years of age. Now if you cut that down the middle that tells us that middle age is 37 years old. So here’s my question to you. Do you have more yesterdays? OR Do you have more tomorrows? Regardless of which side of 37 you are on. I hope that that fact alone creates a sense of bias toward taking action on your goals.
The second actionable idea deals with simple math. And it focuses in on the value of a minute. How it works is simple. We begin by taking 24 hours we times that by 60 mins and that gives us 1440 minutes a day. Then we take 1440 minutes and we multiply that by 365 days and that gives us a bottom line value of 525,600 minutes a year. Now here’s where the money part comes in. If you get paid $1 per min. That means you will earn $525,600 per year. Now here’s where it really gets interesting. Because we are going to talk about the relationship between time and money. If you earn $25,000 per year. That tells us that your time is worth 5cents per minute. If you earn $50.000 per year that equates to 10c per minute. Yes I am talking about when you are sleeping, when you are walking the dog, when you are going out for dinner, enjoying a picnic with your family, whatever it is you happen to be doing. That is the value of your time.
The next if you earn $100,000 dollars per year. That tells us that your time is worth 19cents per minute. Let’s bump that up and look at the relationship between time and money at $500,000 per year. If you earn $500,000 per year that means that your time is worth 96cents per minute. Now the big number $1,000,000 per year. That comes done to $1.91 per minute.
I shared this with you for one primary reason. You need to know exactly what your time is worth. And there’s no hiding from the math.
To do that, simply divide your current annual income into 525,600 and that will give you your current worth and the value to the minute of your time. You must understand that you don’t get paid for the week, the hour, or the minute. But you do get paid for the value that you bring to each. If you are not happy with what you’re earning then you must focus on leveraging Actionable item number 3, which is focus on the highest and best use of time. This means engaging in opportunities that are likely to produce the greatest net return of time and energy invested. In other words say hello to goal setting, discipline, focus and execution, and say goodbye to excuses, procrastination and unhealthy habits, which devalue your time and financial future.
4rth Thing you should know about Time
Now the fourth and final actionable item is to take the challenge, that is the 100 Day Challenge as you’ll learn how to achieve goals faster than you ever thought possible. You’ll learn how to create more value, maximise your time and ultimately make more money. You’ll learn how to implement a proven repeatable process used by professional athletes and other elite performers to get to the top of their game. And last you will be able to create a performance explosion that will change your life forever. So what are you waiting for, get started now!
