Time is money. So why was this on my mind at 2 am in the morning last night? Probably at the realization that I simply had to get some zzzs whether I felt like it or not because I had to be up for work in the am. I had a really great blog topic on the subject of time-management about 2 weeks ago, but I’d gotten so busy with work and finishing the last few chapters of my book that I simply hadn’t found the time to blog. But even as I fight off the sleepiness right now to get this insight out, I realize that I’ve had plenty of time to blog. I’d simply refused to stay up passed midnight to get the writing started. This is a huge mistake for serious bloggers, I’ve come to learn. By the time 6 am would roll around, I’d usually hit the snooze a few times, convinced that there is no point in starting a blog that I don’t have time to finish. And so off to work I’d go, morning after morning– no blog.
Something had to change. Jim Rohn hit it on the head when he said success isn’t built overnight. “Happiness doesn’t come from big pieces of great success, but from small advantages hammered out day by day (Jim Rohn).” In other words it’s kind of like paying off my new car note. The bank knows that I can simply pay the whole loan off early in one payment if I have a really good day– say a $25,000 day for example. But as impressive as this seems to me, paying off the entire loan in one wop, this doesn’t benefit the bank at all. The bank prefers to see me make consistent payments on time over the next 5 years to establish a good line of credit or solid payment history with them, so they can of course extend me another line of credit. Plus the bank would receive a lot more money in compounding interest over 5 years than they would from one balloon payment. Success works in a similar way.
It takes about 5 years to become an overnight success. A major key to my personal growth and transformation was understanding this point. Every day matters. This blog wasn’t written over night, or in the course of one morning. It was hammered out over the course of 3 days, typing a little here, and a little there. I love the story of the tortoise and the hare because it reminds me that slow and steady wins the race; not the fastest runner; not the tallest; not the smartest. It is the one who masters the simple discipline of daily, consistent and steady actions hammered out one day at a time who will eventually win his or her race. When I began to treat my free time as I would discretionary income, I began to magically carve out more hours of my day to invest in my self-development. When one comes to realize that literally every minute of the day counts, they will exercise much more discretion with how they spend their time. This makes this difference between 5 figure salary verses a 6 or 7 figure income.
Successful people spend their time like money. They invest it self-development first, then spend what’s left on pleasure, entertainment or relaxation. Wealthy people invest 30% of their income in their self-development, wise investments and charity, then they spend what’s left on entertainment, shopping or self-indulgence. Unsuccessful people do the opposite. They spend first and invest what’s left, if there is anything left at all. The best way to improve one’s time management skills is to remember that time is literally money. The time you invest in your self development will reduce your learning curve, literally shaving off years off the time it would take reach extraordinary goals. all that time one puts into learning a new skill translates into money as well. Others will pay good money to learn what we have invested our time in if it will mean they can have the same result. Again, time is money.