Updated: April 20, 2019
What is time? Does it really exist in nature or is it just an invention of man? I remember my Physics professor telling our class that time can be considered as the fourth dimension.
I sometimes think about these questions when I’m ruminating in my room and waiting for sleep to come. But recently, I’ve come to realize that regardless of how we perceive time, the fact remains that we live in a society that revolves around it.
Everyday, each one of us is given 24 hours. How we spend it can determine and subsequently cause how we will use our time in the future.
If we decide not to go to work today, then we could expect pending jobs at the office tomorrow. If we choose to watch television instead of working out our schedule, then we might not properly accomplish our tasks for the day ahead.
I consider time as a neutral entity, which means that it can be our friend or our enemy. Our personal perception determines which side it is at.
Try to evaluate your beliefs and discover how time relates to your life, specifically in your finances. Is time making your money grow, or is it slowly devaluating its worth?
If you want time to work on your side, then consider these practical tips on how to make it an ally to your financial success.
Give your activities higher financial value
I’ve recently discovered another way to save gas. While driving around the city, I would look and take mental notes of the gasoline prices of fuel stations that I pass by.
I’m often surprised at how much the prices would differ in several areas and I would always discover places where fuel is relatively cheaper. By doing this simple activity, I’ve converted my financially idle time (driving) into a money saving activity.
Manage your activities so you could accomplish more
I do a lot of freelance work. If I don’t keep a schedule of everything that I need to do, I might forget an important appointment which could mean a loss of financial opportunity.
Thus, it is important that I always update and write down a ToDo list so that I could effectively manage my time. Consequently, by employing this habit, I also lessen doing low-value activities and achieve more personal goals.
Time gives value to relationships
I was recently caught in bad traffic while on my way to the bank. I was worried that I might not make it on time. So I called up the manager and asked if they could wait for me and she said that it was not a problem.
I arrived 15 minutes after business hours but with her assistance, I was still able to do my banking.
Why did the manager agreed to my request? Maybe because oftentimes, rather than silently waiting for my turn in line, I would usually approach the manager and engage her in a conversation.
I believe that by spending time with people, we increase our value to them. Always spend time not only with your family and friends, but also with clients, suppliers, and other professional contacts.
The trend is your friend
I used to do day trading in the Philippine Stock Market before I became a long-term stock investor. The reason for my conversion is because I realized that time becomes a better ally when I invest for the long haul.
By investing in stocks with general upward trends, I am more confident that my money will grow through time.
Likewise, I’ve discovered that almost all great accomplishments in history took time. Overnight success and instant wealth seldom happen in real life.
So if we want to achieve our financial goals, then we must be willing to be patient and make time our ally.