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Manage Your Time Like You Manage Your Money, Then You Can Work Much More Productively

Manage Your Time Like You Manage Your Money, Then You Can Work Much More Productively

When it comes to time management most of us try to be efficient by getting tasks done quickly or focusing on the short-term benefits. Everyone has 24 hours in their day but how well do we utilise these hours? A better way of engaging our time management effectively is to look to the long-term rather than what we can achieve in the short-term.

Budget control is all about saving our money now in order to invest and assist us in the long-term. To utilise our time, and learn how to be more productive, we need to apply this concept to our time management and create a better and more efficient way to invest our hours so that we reap the benefits later on.

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Time Assets vs Time Debts

James Clear describes the concepts of time assets and time debts. Just like assets and debts are applied to our finances, they can be applied to the way we manage our time to increase or decrease our ability to prioritise skills, create time and our overall productivity.

Time assets are the actions we take that impact our time positively in the future – in other words, the choices we make today that will save us time further down the line. Setting up automation systems to send reminders or publish blog posts is an example of investing time now to save time later on. Putting extra time and effort into covering all bases in an instruction document will save you annoyances and time explaining things down the line when your employees don’t fully understand it.

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Time debts are the actions we do that will rob us of time in the future, much like a financial debt. A common example of this are emails. For each email we send out, we assume that we will receive an email back at some point that will need answering. Therefore, the more emails we spend sending out, the more time we are taking away from ourselves in the future. It seems productive at the time because we feel accomplished for emptying our inbox, but we don’t think about the inbox filling up again the next day.

Make sure the tasks you do today are saving you time in the long-run. Don’t just think in terms of what you need to complete in the coming work day and ticking off your to-do list because that will eventually become never ending and repetitive. It may feel like you’re being productive, but you’re not necessarily investing in that pot of free time you’ll acquire later.

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How To Be More Productive Using Time Assets

There are many ways you can subtly implement time assets into your daily work life. Sit down and think of ways you can streamline your daily tasks. Are there ways you could do them differently?

  • Set up automation systems that send out emails, updates, blog posts, articles.
  • Set up scheduling systems that take out a lot of the back and forth dealings with colleagues and clients.
  • Make use of money tracking apps such as EasyCost to translate your work tasks into monetary terms so as to decide what you plan to do will lead to time debts or not.

At the end of the day, we all want to learn how to be more productive and so we must think of time assets as a system that takes away unnecessary work and works for us as an invisible assistant. If you constantly fill your day with time debts then no matter how productive you are or how hard you work, it’ll be the same every day.

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So when it comes to your 24 hours, be smart and use those time assets to create more time, productivity and efficiency in your work life!

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Jenny Marchal

Freelance Writer

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Last Updated on November 13, 2018

Do You Want to Know the Secret to Living a Fulfilling Life?

Do You Want to Know the Secret to Living a Fulfilling Life?

Don’t we all want to live a full, happy and satisfied life? For some of us, it need not be a long life as long as it’s been a fulfilling life of achievements, happiness and no regrets. But, how many of us actually go on to experience that entirely? It sometimes sounds more like a pipe dream–a fantasy rather than reality.

And then you’ll also get comments from some, saying that this ‘fulfilling life’ is only possible if you’re so rich that you don’t have to care about working, paying the bills or providing for your family. While there is some truth to that, I’m happy to say that financial freedom isn’t the only answer to living a fulfilling life.

Living a Fulfilling Life is Within Reach

Anyone can pursue a life of fullness, and it all starts with the willingness to learn. How many years has it been since you last attended a class in school? If you’re well into your adult years as a working professional, chances are it’s been a while. Do you remember the times where you had to wake up for early morning lectures? Or the times where you were rushing through a paper or project? And, of course there were the endless exams that you had to cram for.

As a young college student, I remember looking forward to the time when I would finally be done with school! No more homework, no more grades to worry about, no more stress! The learning was finally done and I could enter the working world.

Not so much!

Now that I’ve finally entered the working world, there are moments where I do wish to be a student again; it seemed less stressful then!

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There is simply so much out there that I still need to learn and experience. Yet I find myself pressed for time. With family commitments, my business and my own social life to juggle, I’ve had to keep on finding for new ways to learn and absorb new information efficiently. Over the years, I’ve found that by learning new skills and knowledge, I was able to find answers and solutions to my problems, which allowed me to achieve a greater sense of fulfillment.

Learning Never Ends

The truth is, learning never ends. Generally speaking, it is true that a formal education and the resulting qualifications are important in securing good jobs; jobs that allow you to excel, earn more and perhaps become more successful in our chosen career. But going to school is only one type of learning. All throughout your life, you’re learning in many ways. All these experiences shape and grow you into the person that you are today.

There are many opportunities to further your knowledge and develop the skills you need throughout life. Knowledge can be acquired and skill-sets can be developed anywhere. However, lifelong learning is about creating and maintaining a positive attitude to learning both for personal and professional development.

Many people overlook the fact that learning can take place anywhere and in many forms. Most would tend to think of learning as the years spent in a learning institute, which occurs mostly in their younger days. And once you go out into the working world, your ‘learning’ ends.

This is not how it has to be–in fact, lifelong learning is a gift that keeps on giving.

The Importance of Lifelong Learning

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Why is it important to become a lifelong learner?

A lifelong learner is motivated to learn and develop because they want to; it is a deliberate and voluntary act. Lifelong learning can enhance our understanding of the world around us, provide us with more and better opportunities, and improve our quality of life.

You’ll Remain Relevant in the Workplace

With advancements in society today, the human life expectancy continues to increase, which means more people are also retiring at a later age. So no matter what stage of life you’re in, being a lifelong learner brings its own rewards. It means we can get more personal satisfaction from our lives and jobs as we understand more about who we are and what we do.

This can lead to better results and a more rewarding working day in turn. Whether it’s for advancing your career, a personal interest or wanting to pursue new dreams, learning automatically pushes you forward towards progress and enhances your wellbeing.

You’ll Increase Your Earning Potential

From a financial point of view, a more highly skilled and knowledgeable worker is an asset to any company. This also leads to faster promotion with associated salary increases.

Someone who can offer more expertise will be of more value not just to employers but also to customers. Expertise is also, often, a key quality of an effective leader.

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And since you’ll constantly be accumulating knowledge, you’ll have an edge on those who don’t value lifelong learning and can’t bring as much to the table. Your extra knowledge will translate into transferable skills, which means you’ll always be primed to blow the competition out of the water.

Learning Gives You Options

Of course, one of the most rewarding reasons for continuous learning, is that it gives you options! Successfully changing career path in mid-life and spending time informally developing expertise is more common than ever, especially during rapidly changing market conditions.

Whatever your age, it’s never too late to start fresh in life. When you start educating yourself and exposing yourself to new knowledge and information, you widen your opportunities. This will allow you to do more than what you may currently be doing, or give you a way out if you’re not happy or fulfilled with where you’re at now.

Our economy is shifting increasingly towards short-term and part-time contracts with more flexible work-patterns. We have to adapt to changes going on in the work-world, make more of ourselves by stepping out of our comfort zones, and break the false ideas about our potential and how we believe life is going.

Gain More with Cornerstone Skills

You may be well into your career, but feel like somehow, something is still missing. Or maybe you’re not entirely happy with where you’re at in your career path and feel it’s time to reflect and perhaps do something new. Or you might be thinking of retiring soon, and thinking about next steps after retirement.

The learning never needs to stop!

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This can be your chance to go after a dream or interest that you’ve always had (but never had the opportunity, or time, to pursue). This could finally be the time for you to create the change that you know you should have made ages ago.

Why not take the first step to learn about 7 important Cornerstone Skills, which will help take your life to the next stage?

Whatever situation you’re in, having these 7 Cornerstone Skills will no doubt equip you to tackle the challenges of life much more efficiently. Don’t let age, your limitations or a comfort zone stop you from seeking greater rewards and self-improvement.

Transformation and change is in your hands–you have the power to make big things happen, and we can help teach you the skills. Don’t let life pass you by! It’s time to pursue a fulfilling and happy life.

Featured photo credit: Artem Bali via unsplash.com

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