How Much is Your Time Worth?

Brent Pittman —  11/21/2011

Defend your time with a plan!

Time. There is something about time that is both awesome and dreadful. Time is finite. Time is limiting and both freeing. Time is money. Time is is precious. Time is_____.

How much is your time worth? Every person on earth is given the same amount of time each year: 12 months, 365 days, 8760 hours, 525,600 minutes, 31,536,000 seconds. This is a lot of time to either invest or waste.

“We are salad people in the future and Cheetos people in the moment”- Chip and Dan Heath

I hope you invest your time in areas of your life that matter. Invest in your spiritual life, family, career, giving, and into your goals and dreams. Invest and plan your time or time will pass you by. We all know this in theory, but do we actually practice this belief?

Time. Have you ever wondered how some people are so successful? They spend their time wisely. They wake up early and go to bed late. Their hours are spent purposefully and on their daily goals. Those who are successful invest and budget their time.

Successful people also know how to say “NO”. This is also known as Time Management.

Do you ever wonder how your friend gets so much done? Are you in awe of them? You can accomplish the same amount since you’ve been given the same 24 hours.

What if someone did an audit on your daily schedule. Does your time reflect what your goals and values are?

If your goal is writing a book, how many hours a day do you spend writing? If your goal is being a great teacher, how many hours do you spend learning and teaching?

When my wife and I were both in graduate school, we had an excel sheet of our time and how almost every hour was to be spent. If we didn’t budget our time, then there were areas of our life that would be missing.

For example, we budgeted a date night each week and time to be together. We planned so I could see my wife without a book or computer screen between us. I value my family, so I budgeted time with her.

What do you value? How much could you accomplish if you budgeted you time?

(Photo by Alex Eylar)

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Brent is a financial coach and writer looking for the perfect donut. He believes personal finance should be both fun and accessible to anyone willing to learn.