If I still have you after that “uplifting” opening, let’s explore this topic a little bit!
I have been giving some thought to all the fun things I would like to do, and many of those I’m actually doing. Or not doing. To that latter point, I also gave some thought to what my reasons have been for not yet getting to some of the dreams I’ve had.
As I examined this, it began to dawn on me that I might be spending a bit too much time on busywork, errands, or just “getting things done”. Not sure how you might be, but I’m one of those people that is always having a running “to do” list in my mind, in terms of daily tasks and projects. I like the feeling of getting things done, and doing things right. It can be anything from buying groceries, fixing something, taking the kids to the library – you name it.
The thing is, there is a cost to much of this. Let’s say I spend a day on such tasks. Well, let’s remove the library thing, because time with kids is of course precious. But running errands, and doing non-value added tasks, takes up our time. And time is valuable, no matter how it is used.
Let’s think about our best years. If we make the argument that our healthiest, best years as adults would be from the ages of 20 to 60, that’s 40 years of prime time for us. Now, I realize some may not like the age 60 cutoff, but let’s go with it for the sake of this exercise.
When you take these 40 years and multiply it by 365 days per year, that’s 14,400 days (we can ignore that leap year technicality). When you think about it, that’s really not a ton of days. If you waste a day, you’re wasting a precious few that we’re granted. The older we get, the more valuable our time ends up being.
Taken another way, if you take those 40 years and multiply that figure by 12 months/year, you’re looking at 480 peak months. If you waste a month of your life on some job that’s not a fit, or taking your free time and not making the most of it, you’ve lost 1/480 of your prime years of life. Gone, never to be seen again! The clock is ticking on having all those great, super fun life experiences on your “bucket list”.
My point to all this is that our time is so much more valuable than we might realize. Further, given that most of my posts are related to money in one way or another, it’s clear that our time is more valuable than money.
We can often make more money, but we can’t make more time. And actually, when we think about the the relationship between the two, there is a time value of money aspect to consider. The more time we have, the more we can allow compounding to do its magic and make us more money!
Bottom line: Time is such a valuable asset. Let’s use it wisely, and make the most of it!
My Questions for You
Do you ever think about how precious our time really is?
Having said that, do you ever let this knowledge slip by you periodically, and waste time on things that aren’t truly important?
What are your thoughts on the idea that time is really much more valuable than money?