Connect with us

Success Advice

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

Published

on

time

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

Advertisement
1 Comment

1 Comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Success Advice

How AI Shook Up My Business and Made Me a Market Leader

AI is becoming the biggest disruptor across most service-based industries

Published

on

ai in business
Image Credit: Midjourney

Change is an intimidating prospect for many, especially when it disrupts our established ways of working and living. Yet, within every challenge lies the seed of opportunity. (more…)

Continue Reading

Success Advice

The Crucial Part You’re Missing in Your Goal Setting Process

When it comes to goal-setting the highest indicator of success is your execution rate

Published

on

goal setting
Image Credit: Midjourney

When it comes to goal-setting the highest indicator of success is your execution rate. It has been said that a goal without a plan is a dream; and so it’s no wonder we’re told to write down our visions and make them plain. (more…)

Continue Reading

Success Advice

How to Build Character That Guarantees Lasting Success

Your character is what sets you apart from others

Published

on

building character
Image Credit: Midjourney

It is easy to get caught up in the idea that success is solely based on one’s abilities and talents. While it is true that having skills and talent can take you far in life, it is ultimately your character that determines how long you stay at the top.  (more…)

Continue Reading

Success Advice

6 Powerful Tips to Supercharge Your Small Online Business

Success within the online business community is certainly no easy task.

Published

on

how to grow an online business
Image Credit: Midjourney

Success within the online business community is certainly no easy task. This achievement will require time, patience, insight, and the ability to grow from mistakes that will inevitably be made. However, the end result is undoubtedly worth the effort.
(more…)

Continue Reading

Trending