Are you spending, investing or wasting your time?

When you begin to think of your time as an asset (like money) you begin to think differently about how you are using it. Try to apply common money terminology to determine if we are making the best use of yours.

First a major distinction. You can always get more money (or any other resource for that matter). But you can never get any more time. You get what you get and that’s it.

Invest…Spend….Waste

We tend to use the term “spend” when we think about how we use our time. But that’s not quite true.

For example, you can “invest” your time by finding ways to do things faster or eliminating unnecessary steps. The result isn’t more time, but you do have more available for other things.

Here’s a quote from Ayn Rand’s Atlas Shrugged that sums it up nicely: