Gary's Blog

Time and Goals

 

 

The Most Valuable Commodity and Why You Must Control It

 

At one point in history salt was a very valuable commodity and it still should be considered valuable today.  Then gold and silver became the medium of exchange and gained value.  Now oil is considered “liquid gold” and its value is rising daily.  Let’s not forget diamonds which are “a girl’s best friend”.

 

However, all of these commodities pail in comparison to the most precious commodity of all, Time. 

 

We each are given the same 24 hours each day.  97% of us waste most of our 24 hours every day.  Perhaps it can be said that we make good use of about 7-8 hours of our allotted time which is the time that we are asleep. 

 

If we knew the secret, we could even make better use of those hours.  More on this later.

 

We spend another 10 to 12 hours, counting driving time, making someone else wealthy.  The rest of our 24 hours are spent eating, usually fast foods aka “junk food” and watching TV or other mind numbing activities.

 

The good news is that we have a choice.  We can choose to be in the “living dead” 97% group or we can choose to live in the wealthy 3% group.

Harvard Business School did a study on the financial status of its students 10 years after graduation and found that:

• As many as 27 percent of them needed financial assistance.
• A whopping 60 percent of them were living paycheck to paycheck.
• A mere 10 percent of them were living comfortably.
• And only 3 percent of them were financially independent.

The study also looked at goal setting and found these interesting correlations:

• The 27 percent that needed financial assistance had absolutely no goal-setting processes in their lives.
• The 60 percent that were living paycheck to paycheck had basic survival goals (such as managing to live paycheck to paycheck).
• The 10 percent that were living comfortably had general goals. They thought they knew where they were going to be in the next five years.
• The 3 percent that were financially independent had written out their goals and the steps required to reach those goals.

 

So use your time wisely.  Organize your time by setting goals.  Make your goals such that they will lead you toward greater success and therefore greater happiness.  Always keep in mind that concentrating only on making money will not bring you happiness or any degree of success.  You must work on all areas of your life.

Gary

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This entry was posted on Sunday, August 24th, 2008 at 4:02 PM and is filed under Living. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.