Comments on: Exploring the Connection Between Time and Money

By: Mike Sty

Mike Sty — Thu, 30 Oct 2008 17:30:58 +0000

“Putting it off means you have to waste focus, time, and energy remembering the task. You’re far better off just doing it right now.”

I never thought about it that way. That’s somehow mind-blowing to me.

By: Maria | Never the Same River Twice

Maria | Never the Same River Twice — Thu, 30 Oct 2008 14:54:01 +0000

For the month of November, I've set a goal to use the first hour of my workday in a very focused, efficient way. I stole that idea from this video. I do agree that if you can do a better job at work without spending additional time there, that's a good thing. However, I figured out that often the reward for being an excellent worker isn't worth the extra time required! So, don't put in a lot of extra effort if you aren't going to be compensated adequately for it.

By: Rich

Rich — Thu, 30 Oct 2008 14:12:21 +0000

I have for a long time considered time and money to be equivalent (on a sliding scale, depending on what the value of your time is). Life is riddled with opportunities to exchange one for the other with various exchange rates.

There is one *crucial* difference, though. You can always make more money, but you can never make more time.

By: Payroll Guy

Payroll Guy — Thu, 30 Oct 2008 13:07:31 +0000

My advise, turn off the TV. It’s hard to do because it can be mesmerizing. I saw recently the average adult spends over 2 hrs a day glued to the TV. You could write a novel in 6 months utilizing that time. The big point: we all have the same amount of time in each day, the difference in achievement is largely due to how we use that 24 hrs. Don’t waste your life doing unimportant things. Eagles do not catch flies!

By: Writer's Coin

Writer's Coin — Thu, 30 Oct 2008 12:01:28 +0000

If people realized all the things that can come of doing things more efficiently, they would get on the bandwagon right away. And you’re spot on to include “at work” and “at home.” When you can do things more efficiently and quickly (and still at a higher quality) at work, then you’ve got it made. You can start new initiatives, polish them up good, and present them to your boss. Make your boss look good and he should eventually reward you. Especially in this market, it’s not enough to be a “good worker,” you have to be an “above and beyond worker.”

By: Nate

Nate — Thu, 30 Oct 2008 06:53:13 +0000

I’ve enjoyed your posts about time and money for a while. Getting Things done is phenomenal and I’ve been using it all throughout 2008 to reach my goal of being more productive. Maybe I’ll skim the other books you recommend.

Library here I come

By: sbt

sbt — Thu, 30 Oct 2008 03:15:09 +0000

Benjamin Franklin said, “Time is money.” Something to think about.

By: Emily

Emily — Thu, 30 Oct 2008 02:47:25 +0000

I love this post. I am so distracted all the time with emails coming in, various freelance projects to do, IMs from friends, family phone calls, etc. — I feel like I am just not as productive as I should be. Time definitely is money. I have started carrying a small notepad in my purse so I can jot things down when I think of them — that way I go to the store and already have my grocery list and don’t impulse shop as much, and I waste less time on freelance work because I already jotted some of my thoughts down when I got an inspiration while out and about.

By: A Dawn Jornal

A Dawn Jornal — Wed, 29 Oct 2008 22:57:40 +0000

I always carry a small notebook and a pen with me. I am lot more productive since I started jotting down my thoughts in this notebook. … Regarding connection between Time and Money – just read Your Money or Your Life to get a clear cut conception on this. I have summarized this book and the connection between time and money in my book review: http://adawnjournal.com/2008/10/16/your-money-or-your-life-a-dawn-journal-book-review/
Cheers,
A Dawn Journal
http://www.adawnjournal.com

By: Anna

Anna — Wed, 29 Oct 2008 22:02:44 +0000

Gretchen, you are a wise woman. Filling every single moment with obvious profitability is counterproductive. We need down time to allow our minds to function in a healthful manner (which is ultimately fruitful, anyway).

Trent, I think you touched on this point in your section about using time for personally important matters.

By: Gretchen

Gretchen — Wed, 29 Oct 2008 21:12:41 +0000

That extra half-hour that I find can be used for one of my favorite activities: staring at the wall. I love to just sit and think. Probably 75% of my best ideas come to me during my thinking time. Ideas on how to save money, how to make money, how to make my life better or easier, etc. Sometimes I write lists during this time and other times I just stare. I know it sounds weird but I guess it is kind of like meditation except that I allow the thoughts to come and go as they please. This makes my brain focus on what is worrying it most at the moment and often I can solve that worry with some think time.

By: Flea

Flea — Wed, 29 Oct 2008 20:42:20 +0000

You have to be careful when do something to save money. There comes a point of diminishing returns because your tiem IS money. For exmaple don’t do something that takes 5 hours to save 5 bucks….

Totally agree with the if some takes two minutes DO IT now and get it over with.

By: MMO gold

MMO gold — Wed, 29 Oct 2008 20:10:14 +0000

Good article man. Time is money. And with the extra time you can make some extra cash.

By: Ryan McLean

Ryan McLean — Wed, 29 Oct 2008 20:07:56 +0000

Managing your time wisely is a very good way to save time and have extra time to do more things. Thanks for the info and tips. I can’t wait for the next article.