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What Is Your Time Worth? Are You Investing Your Time or Wasting It?

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Everyone has valuable time on their hands, but sometimes people assume that their time is just valuable and fail to remember that the value of time is measured by how successful you are at living life.

In reality, the value of your life is estimated by how much gets done and how you choose to do so. The value estimate of your time is up to you, and what you choose to do with the 24 hours that we all have every day.

Now, we all have different goals and aspirations, so the value of each one of our times is different, but that doesn’t make your life any less valuable than another’s. All that means is each of us has to choose a personal road that will take us to those goals and aspirations, and how we invest or waste our time getting there is what will determine the value of those goals.

The value of the goal will be obvious by what you are willing to do and how much time you are willing to invest to achieve it. How we invest our time is what will dictate that value, but how do we decide what activities are worth more or worthless?

In the book 7 Habits of Highly Effective People, Stephen Covey makes an analogy about time management comparing it to sand, pebbles, stones and a bucket. He assimilates the first three to actions, and the bucket to a day. How you fit those rocks, pebbles and sand in the bucket is how you will ultimately fit all of your daily activities in one day.

“If you don’t know where you are going, you’ll end up someplace else.” – Yogi Berra

If one does not pay attention to detail, or is unorganized with the order in which these go in the bucket, all three will not fit. There has to be a thought process in which you analyze which of these three goes first, second and then third, so that ultimately you can fit all materials in the bucket.

This can be applied to the day-to-day activities we all carry out, and how we prioritize them to obtain the most value out of our day. See, all of the activities you need to accomplish today are of value, but not all of them are of the same value. It is up to you to figure out which ones add more value to your day, and in the long run to your whole life.

When you assign value to the things you do during your day, you really see what activities are productive, and which ones are a waste of time. So let’s analyze the things you do during a busy day and categorize them amongst Stephen Covey’s sand, pebbles and stones.

SAND: This is pretty much the details of life. The small things that most people have to do, like dishes, laundry, walking the dog, etc. All of these things are a part of life but they will have the least, if any, return in energy or investment.

PEBBLES: These are the activities with the most ROE (Return On Energy), what that means is they take up the most energy, and the Return Of Energy should be the same as what you put in. These activities can vary from exercising, reading, cooking, and so on.

STONES: Now these tasks are the most valuable of the day. These are the things you NEED to invest in: work, family, spirituality, health; Make sure these actions have the highest ROI (Return On Investment) which means whatever you’ve invested in this (time or money) is returned in the same amount if not more.

“Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” – Abraham Lincoln

Once you have categorized your daily activities you can really see what you do during a normal day. The time wasting ones will pop up once they’re written on paper because you will visually become aware of the fact that there really are activities that can take up our time but really have no return in energy or investment.

These activities are of little or no value to you. Don’t think that you cannot have any leisure time or time to relax, but there has to be a balance. Give yourself a limit of time which can be spent doing the minimal things, give yourself a schedule, and stick to it.  

At this point, one important thing to do is to cut out the time wasting activities that will not give you anything in return for your time. Now take a look at your new list, do you now have more time to invest in activities that will bring more ROE or ROI? If you don’t, then it might be time to reevaluate your priorities and see if you are spending your valuable time working towards your goals or wasting it.

If you have successfully found space in your bucket for all three: your sand, your pebbles and your rocks, then you are one step closer to achieving your goals and knowing the value of your time.

Are you investing your time or wasting it? Leave your thoughts below!

Image courtesy of Twenty20.com

Stephen Dela Cruz is a best selling author, speaker and serial entrepreneur who specializes in helping budding entrepreneurs double their income in their first year. He’s built several 7 figure businesses and in his online school, The Mastermind Experience, he shares strategies around time and money management to help beginning entrepreneurs soar. You can see more about Stephen on his website and follow him on his Facebook page.

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The 3 Step Process to Building a Profitable Pitch

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As a communication coach, one of the top questions entrepreneurs ask me is how to deliver a winning pitch to potential investors. They want to know if there’s a magic formula to get an investor to say yes and buy into their dream and their business. (more…)

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The 4 Pillars of Wealth and Abundance

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Have you ever wondered what the formula for a wealthy and abundant life is? Many people have. Lots has been written about the subject of wealth creation and living an abundant life. It was a breaking point in my journey and pursuit of success when I found out that there is a clear path to achieve success in life. Thanks to those who have shared their journey, we can clearly see and follow the principles of prosperity. (more…)

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Here Are 4 Reasons Why You Should Have a Podcast, Youtube Channel or Online Show

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Confidence comes from a place of strong understanding of self. After close to three years on radio, I’ve grown from a shy introvert to a shy introvert with an extrovert persona. When the mic is turned on, I can channel a version of myself that some say is attractive, strong, and of course, confident but it wasn’t always this way.

What I want to share with you is what I discovered on this journey into broadcast that you can apply to your life, your ventures, and your personal development. This doesn’t require any fancy gear. It does require a leap of faith on your part because once you go down the road of media; it can change your life.

1. Perceived Expertise

When you go to a doctor, you expect their knowledge will guide them to a solution to your problems. When you have a show, you become your listeners’ doctor. For all the multiple thousands, maybe millions, of YouTube channels, podcasts, and user-created content in the world, each person that gets behind a mic takes a position on their passion, their opinions, and their themes.

They challenge the status quo for the benefit of their listeners in hopes to entertain and educate. With consistency on your side, those fans place you on a platform and give you permission to influence them.

2. Global Acknowledgement

One of the benefits to increasing confidence is when you receive thank you notes from people you may never meet. The feeling of enriching someone’s life from halfway around the globe, provides validation you’re enhancing someone else’s life with your wisdom and your wit.

The very first time I was told I was making a difference in someone’s life in a country other than my own, I felt like I caused massive impact that transcends my circle of influence. When you experience just how much you can cause impact and it comes back to you, it’ll change your worldview.

“Be grateful for what you have and stop complaining – it bores everybody else, does you no good, and doesn’t solve any problems.” – Zig Ziglar

3. Backed By Numbers

One of the most exciting ways to measure success is to quantify your growth. It’s not enough to just broadcast. Having subscribers and downloads helps to know, numerically, how well you’re doing. Word of caution. This can be a way to set yourself up for distress because of number envy but if you understand what the numbers mean; you can control the narrative of the numbers.

The major number that makes most people smile is 10,000. I’d advise it to be 1. Here’s why. As you grow in your industry, so does your reach. If you learned that the one person that subscribed totally changed for the better because of you, wouldn’t that be worth the effort?

4. Effective Communication

While it’s not talked about much, having a show is documentation. You create a dynamic account of your life, your industry, and the pulse on what’s important simply by having a show. When you find a channel to improve your communication skills, you demand attention and people will listen to you. You become more trusted as a leader and people will follow you once they believe you can lead them to their wants and needs.

“To effectively communicate, we must realize that we are all different in the way we perceive the world and use this understanding as a guide to our communication with others.” – Tony Robbins

These insights have helped many people become leaders and, ultimately, move others to their best selves. It’s worked for me and I hope it works for you. At the end of the day, it’s all about showing up and showing out.

Have you ever thought about having a radio show? If so, what would you talk about? Let us below!

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7 of the Biggest Enemies Stopping You From Success

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Everyone wants to be successful. It is a thing we all wish for. We want to achieve mind-blowing success. However, the road to success is not so easy. And the funniest part is, you are the one to determine whether you become successful or not. (more…)

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