Time: Your Most Precious Resource

John-Morgan / Foter.com / CC BY

Look around your house or your business. Look at all your stuff. How valuable is it? Add up all the assets you own? How valuable is it all?

The most valuable asset you have is not any of that stuff or all of that stuff added together. The most valuable asset you have is your time. Each of us is given the same amount of time each day – 24 hours. The richest people, the most successful people, the most influential people – all have the same 24 hours a day that you and I have.

Leonardo da Vinci, Oprah Winfrey, Andrew Carnegie, Bill Gates… they all have or had the same amount of time each day as you do.

How many days do we have? We do not know. We only know that it is a fixed number. We all have a limited amount of time in a day, in a week and in a life time to do what we want to do, to accomplish what we want to accomplish.

You cannot buy, steal, borrow or create more time. We are all given the same amount of time each day for however many days we will have on this earth. It is therefore vital that we learn to use that time and manage that time as effectively as we can.

That is what this series, Time: Your Most Precious Resource is about. We will look at what others have taught about time management and how to use our time most effectively.

Effective Time Management

It is more important to manage your time effectively than to simply manage your time. You can create the most detailed schedule of how you use your time. You can manage it hour by hour or minute by minute, but if you are using that time effectively all that management of your time is meaningless.

By effective I mean that your time must be organized so that you are most productive. Productive does not here mean the use of time that will produce the most income, wealth or money, necessarily. It can mean that. Being productive to earn more is a part of good time management. But it is not all there is.

Effective Time management means organizing how you use your time so as to meet all your needs in a balanced life. It means organizing time to eat a proper diet, get enough sleep, further your education, nurture your relationships, do your job, be creative, get sufficient recreation to recharge your batteries and meet your spiritual needs.

Time management is certainly in part about how you organize your day, week and month. It is about schedules and appointments. But all that time organization is merely a set of tools to help you effectively manage time to get the most out of life.

In the coming months we will explore how to lead this balanced life while managing one’s time to achieve the most.

Wishing you well,

Daniel R. Murphy
Educating people for building wealth, adapting to a changing future and personal development.