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The Time is Money Myth Debunked

The Time is Money Myth Debunked

Ben Franklin once said that “time is money.” Therefore, you should not go around wasting your time or that of others because it will ultimately cost you money.

Apparently, he was not the only one who felt this way because the slogan went viral, and is now a common principle in the lives of many. There is, however, an issue with this theory: time is not equivalent to money!

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Time and Money Defined

Time is defined as a limited period or interval and has a finite duration. On the other hand, money is defined as any circulating medium of exchange.

Did you notice that time is finite and money continuously circulates? Time holds a much greater value than money due its scarce nature, and there is nothing that you can do to earn more of it once it’s gone.  Money can be replaced in most instances, but you cannot turn back the hands of time.

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If you spend your collegiate years buried in a textbook hoping to earn a 4.0 GPA, you may actually achieve your goal. However, if your reasoning was solely to land a dream job, you may find yourself at a major disadvantage if the employer is seeking well-rounded individuals because you only focused on school and nothing more. It is totally possible to use money to rectify this issue: simply re-enroll in school and get involved in student activities. You may end up being selected for the position, but you will never have the opportunity to relive those four years of your life again.

In some instances, many individuals also equate time to money in the workplace. They calculate how much money is needed to cover their expenses, and immediately come up with an hourly figure along with the number of hours that have to be spent on the job to accomplish this objective. While it is a proven way to ensure that needs are met, it fails to consider the time factor once again.  Salaries vary by job, but the time spent earning wages is indispensable. You can always make up for lost wages in subsequent jobs, but you can’t buy back the years spent with prior employers.

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Some who are self-employed also use a similar equation. An amount that reflects what they would like to be compensated (to cover their needs and wants) for a particular project is assessed, either on an hourly basis or as a flat rate. Instead of making the bottom line your focal point, exert as much energy as possible into your work to ensure that value is added to each client that you are serving. They will more than likely take notice, tip you for your efforts, and refer you to other customers. End result: time well spent and a financial boost to your business.

Formula for Success

In all of these examples, the individuals focused on attaining a desired outcome in a set amount of time. While the end results may have been in their favor, their focus was too narrow.

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Your efforts can definitely earn, and in some situations, lose you money. The good news is that the supply of money is abundant, and with the right actions, you can earn a ton of it.

Unfortunately, this is not the case for time. It is important to understand that no matter how hard you work towards accomplishing objectives, time cannot be purchased. Therefore, you should focus on making the most of each day and living a richer life because once the time lapses, it can never be retrieved.

So, the next time you find yourself thinking about the famous words of Benjamin Franklin, remember that time is not money, and should be used wisely!

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How to Be Productive: 11 Ways to Be Productive and Happy at Once

How to Be Productive: 11 Ways to Be Productive and Happy at Once

A lack of productivity leads to a lack of happiness.

When you can’t see yourself making progress or getting things done, you get anxious and become stressful.

There are also tons of things that contribute to unhappiness here too: Facebook notifications, emails, texts, and chatty co-workers are just a small fraction of the disruptions we’re bombarded with. These “little things” can stack up fast and lead to hampering your happiness and productivity levels.

Learn how to be productive with the 11 tips below and reclaim your everyday productivity and your happiness, once and for all.

1. Be happy now

Life is too short. No matter what you’re doing or where you are, be happy now. Start by finding something to be grateful for; everyone has at least one thing to be grateful for.

Most of the world still has trouble getting access to clean drinking water… yhat means you can even be grateful for that bottle of Aquafina you’ve got on your desk right now.

2. Finish your day before it starts

Proper planning is the secret to peak productivity, and it’s also a good idea to set daily goals. Get yourself a planning tool and prioritize your daily tasks with it.

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Here’s a smart technique on planning and prioritization: How to Prioritize Right in 10 Minutes and Work 10X Faster

3. Celebrate the small wins

Every time you check off a task from your to-do list, you release a “happy chemical” in your brain called dopamine. This gives you the motivation to move forward and do even more.

For example, after I finish writing this article and I’ve crossed it off my list of things to do today, I’ll get a nice burst of “happy chemicals” releasing in my brain. The best part? Zero side effects!

Learn from here: How To Celebrate Small Wins To Achieve Big Goals

4. Leverage like there’s no tomorrow

Look for ways to use the good old 80/20 rule by identifying tasks that you might be able to outsource or leverage out to a virtual assistant.

Stop wasting time doing things that don’t challenge you or ignite your passion. Hire out or automate anything and everything within your means.

Check out this guide to find out how to start to delegate: How to Delegate Work (the Definitive Guide for Successful Leaders)

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5. Recharge your batteries

Figure out how many hours of sleep your body needs and make sure you get it. Take time to stretch, walk, or relax—you’ll be glad you did.

Here’re some simple ways to relax completely and get rid of stress.

6. Become an early riser

This is one of the most underused productivity “hacks” on the planet. Ever since I decided to start waking up at 5am every day, my productivity levels and happiness have gone up dramatically.

Most people aren’t up that early, so no one can bother you or disrupt you from what you want to do. Use this time to exercise, meditate, or to get a head start on your day.

Not sure how to wake up earlier? Here are 11 Ways To Become an Early Riser Like Most Successful People Do.

7. Do work you’re passionate about

Make it your goal to blur the line between work and play by doing more things you’re passionate about. This promotes happiness both inside and outside of the workplace.

Find what you’re passionate about and do it, or learn how to enjoy what you do with these tips: How to Enjoy What You Are Doing No Matter What

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8. Use time blocks

For example, when I wrote this article, I gave myself a one hour time block. This prevents unnecessary dilly-dallying like updating your Facebook status and checking email.

Use an app like Alarmed to keep you on track.  Here’s a snapshot of the app from my iPhone.

    9. Avoid interruptions

    Interruptions are among the biggest barriers to both productivity and happiness. Every time you’re interrupted in the middle of a task your level of productivity takes a hit.

    We’ve all been there: you’re fully immersed in an important project until all of a sudden the workplace chatterbox appears out of nowhere and starts talking about stuff that doesn’t matter. By the time she’s gone, you’ve already forgotten where you were and it takes 30 minutes to get back on track.

    Avoid this by letting people know that you’ve got important work that’s got to be done.

    Learn more about how to stay focus in this guide: How to Focus and Maximize Your Productivity (the Definitive Guide)

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    10. Shut down the digital disruptions

    iPhones, mailbox notifications, twitter, facebook, and everything that pops, slides, or fades in and out of your screen has got to go. Shut them down and focus.

    It’s as easy as turning off the notifications or scheduling only a specific time to check all these notifications and texts.

    11. Measure your success

    Every now and then, it’s a good idea to measure your results and see how things are coming along.

    How’s your progress? Are you pacing in the right direction? Are things getting better? Worse? It’s always a good idea to track your progress regularly.

    With an app like Rescue Time, you can easily keep track of the time you spend throughout the day. It helps you to find out how much time you’re really on-task and so you can review your progress.

      With these 11 effective ways to improve productivity, you will get more things done timely and become happier.

      Start small and take up each suggestion one by one, you can boost your productivity and create your happiness too.

      Featured photo credit: Pexels via pexels.com

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