Most people look at their bank accounts with great attention and assess how much money they have to spend, to invest, and to give away… But, they don’t look at their time the same way, and end up wasting this incredibly valuable resource. In fact, time is much more valuable than money because you can use your time to make money, but you can’t use money to purchase more time.
Time is the great equalizer… Each day has only 24 hours - nobody has any more than anyone else. Everyone, from poets to presidents, fills those hours, one after the other, until they are all filled up. Every single minute is unique, and once gone, can never be regained.
When you look at someone who has accomplished a lot, you can be pretty sure that he or she has spent considerable amounts of time mastering the required skills, filling hours upon hours with hard work. There are those who look at others’ accomplishments and say, “I had that idea, “ or “I could have done that.” But ideas are cheap and intentions are just that. If you don’t invest the time needed to achieve those goals then all you have are empty ambitions.
People often say, “I don’t have the time to…” Fill in the blank with whatever you like: exercise, make dinner, write a book, start a company, run for political office. What makes these people think that they have less time than anyone else? Of course they don’t. We all have the same 24 hours in each day and make real decisions about how we spend them. If you really want to get in shape, then carve out time to exercise. If you want to write a book, then pick up a pen and do it. And, if you want to run for president, then get started. It isn’t going to happen if you plan your day around your favorite TV shows or spend hours updating your Facebook page. These are entertaining distractions that eat up your irreplaceable time.
I teach a course on creativity and innovation at Stanford University. During a workshop on how to brainstorm I often give the following prompt: There aren’t enough hours in a day. Come up with creative solutions to this dilemma. The brainstorming results in a an endless list of solutions – from the practical to the preposterous – demonstrating that there are lots of ways to extract more from each hour, each day, and each year. Some of the most interesting solutions involve figuring out how to do two things at once. I know many people who have successfully incorporated this approach into their own lives.
For instance, I met a woman named Audrey Carlson several years ago who was struggling to figure out how to spend time with her friends and take care of her growing family. She started a group called “Chop and Chat.” Every Sunday six friends got together to cook at a member’s home. Each member brought the ingredients to make a different recipe that was then split into six portions. Members took home six different main courses for the week. Chop and Chat was an inventive way for the women to cook together, socialize, and prepare meals for their families.
Another example is venture capitalist Fern Mandelbaum. You would assume that meetings with Fern take place in her office… and you’d be wrong. Fern is an avid athlete and her meetings take place on hiking paths. Everyone who knows Fern knows to wear walking shoes and carry a bottle of water to their meetings in anticipation of a strenuous hike. Fern finds that this strategy is a great way to get to know each entrepreneur while also getting exercise.
There is an oft-quoted saying that "time is money." You can interpret this to mean that time is a valuable currency. In fact, each day another 24 hours is deposited into each of our “bank accounts.” We get a choice about how to spend these hours. We decide how much we spend right away, how much gets invested for the future, and how much we give away. The worst choice is to waste these hours by letting them slip away.
It is almost noon, and I have 12 more hours to invest today!
Tina Seelig is the author of What I Wish I Knew When I Was 20, published by HarperCollins.
Meaning of time
Time means the progress of events, and also the way in which this progress of events is measured (using hours, days, years and so on).
Time can be measured objectively using clocks or the movement of the seasons, for instance. These concepts of time tell us when to get up to go to work, when to meet with friends when we have said that we will meet them at 5pm and when to start planting seeds or harvesting.
Thus, time can also mean the point in time to which a person is referring. For example, in the question ‘what’s the time?’, the speaker is asking about a specific point in time – a specific moment in the ongoing progress of events.
Time is a word with a Germanic origin. The old English and Germanic words ‘tide’ and ‘tima’ both mean time. However, they also mean tide (as in the tides of the sea). There is something significant about this definition. It encapsulates how, just as the tides of the sea continue moving in a way that is observable and measurable, so to do events continue progressing in a way that is observable and measurable. So, in sum, time refers to:
- The progression of events.
- The way of measuring the progression of events using hours, seconds, years and so on.
- Specific moments in time, such as three o’clock or January 2nd.
- Metaphorically, via etymologically cognate words, the tide like motion of history and life.
- A specific space of time (for instance, a lifetime or the time allowed for an exam).
Importance and value of time
Time once past cannot be brought back by any means and it is important to understand the value of time. Time is money. There goes a proverb , “Time and tide wait for none“.
Time is invaluable. In-fact, time is more valuable than money. Time is very valuable partly for the reason that we are all only allotted a certain amount of time in our lives, and so we need to make sure that we use it wisely. Nothing can stop the flow of time. Time once past cannot be brought back by any means.
However, some people do not realize the value of time and spend it unwisely. Instead of focusing on important tasks at hand, they waste their time, thinking that they would make up the loss in the future. They should realize that many of the future troubles can be avoided by taking prompt action in a timely manner. The famous proverb, “a stitch in time saves nine“, also highlights the importance of sorting out problem at early stage.
Importance of Time-management for success: Time-management always remains the critical success factor. If anybody wastes his childhood, he will not be able to acquire and build up character in future and will suffer all consequences. Similarly, if a student neglects his studies from day-to-day, no amount of hard labor before the examination will get him through. Time-management is a good habit and lays the foundation of a success in future.
Punctuality and Timeliness: A person who understands the importance of time practices punctuality in life. A punctual person, who uses his time cautiously, becomes successful in life. If we look around we will see that the successful people in all spheres of life made proper use of every moment of their time. The most prosperous nations too are those that do not waste any moment.
A person who is not punctual finds it difficult to finish his own duties. If he is not able to perform his duties, then it may incurs the displeasure of others. In the military field delay by a few minutes may change the destiny of a nation.
Courtesy: Being on time, and being aware of what time it is, ensures that we will not turn up late for our appointments. This is very important if we want to treat other people with politeness and respect. Their time is valuable, just like ours is, and we should not cause them to waste it.
Future is unseen: It is true that nobody can accurately forecast the future. There are many things that are beyond the control of human-beings. The economy and financial situation of countries are fast changing.
Though the future is unseen, man can work hard today to increase the probability of a better future. People should use their time properly. We should try our best to avoid the habit of indolence and begin to do our jobs in time. It will surely brighten our future.
Value of time during emergency situations: The weather condition always remains uncertain. There remains the risk of natural calamities. To tackle the situation of natural calamities, the government and other organizations are coming up with “Disaster Management and Recovery Plans”. During the times of emergency, the disaster recovery teams are expected to act fast without wasting a single minute.
Money Value of Time
The “money value of time” means how much money we can make in a given time. Alternatively, it can mean the subjective monetary value that we place on our time.
These two things may not be equivalent. The money value of time can be set by an employer. Or, it can be set by another individual.
There is a common proverb used to express this idea. It is: time is money.
Reasons Why Time Has a Monetary Value.
- We would often exchange money to get more time.
- We often exchange our time for money (e.g. when we are at work).
- The more efficiently we work, the more money we can make.
- Interest on our savings will only accrue over time.
- On the stock market, shares can rise or fall in value in very short spaces of time.
- Many jobs are paid per hour or per year, thus assigning a clear monetary value to time.
- When we buy a watch or another timepiece, we may be said to be placing a monetary value on the ability to tell the time.
Conclusion: It is crucial to do as much good as we can in a lifetime. A person who understands the importance of time work in an efficient manner. The more efficiently we act, the more time we will have left over for future projects. If we look all around important events of history, we will see that all successful people of history made the best use of time. The prosperous people of the world are very conscious about the value of time. Hence, we should never waste our time and try to make the best use of it.
Contributors: (1) Anurag, (2) Laura
Compiled by editor.
Category: Essays, Paragraphs and Articles, Important India