RE: Kaizen
Jul 28, 2017 · 2 min read

Your Most Important Possession

Some might tell you that their most important possession is their phone, laptop, or car keys. While these are useful, they are not the most important.

The most limited resource you have of all. Your time.

If you are like most people, you are trading your time for money. The result is what you end up doing with your “free” time. Are you taking care of your body? Are you using your time wisely, spending it with family, enjoying your book, or quietly sipping your tea?

It is a man-made concept, this time, but what must be realized is that time is finite. We do not live forever, so make the most of it.

Be mindful of your time.

Money can be made or earned back, but never your time. In this respect, health is also a limited resource as it relates to time. Old age catches up to us, and eventually death. If you are working hourly for someone, how are you managing your money? Do you spend it carefully, planning for it, and accounting for every penny? Are you investing it into something that will provide you with more money so you don’t have to continue to trade your time?

Each of those dollars represent your life and how you spend your time and money is critical to your future success.

There are five economic concepts to keep in mind here:

  1. Time value of money: your dollar is worth more today than tomorrow
  2. Compounding Principle: make the interest work
  3. 80/20 rule: 80% of the time you spent is wasted on trivial things, so find the 20% of the things that provide you with the most value
  4. Opportunity cost: time spent on one thing is time you cannot spend on another activity. Use this knowledge to your advantage and apply 80/20
  5. Time is money, but money is not time: you can have all the money in the world, but you cannot buy more time

If you love life, don’t waste time, for time is what life is made up of.

Bruce Lee

Paradoxically, seek to find moments worth losing track of time for.

For time well-wasted, is time well-spent.

RE: Kaizen

Written by

Real estate agent. Business owner. Traveler. Talk to me about investing, businesses, psychology, growth-hacking, and life.

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