Personal Growth: Time Management

13 August 2010 413 views 29 Comments

When it comes to progressing in your personal life, your career, and your general lifestyle, time management is an important piece. Time management can easily become the difference between a productive day-to-day existence and a completely unproductive day-to-day existence. Time management can be the difference between having quality time to spend with your spouse or kids. Time management can be the difference between being able to launch a second income stream while keeping your regular job or just being stuck in your normal nine-to-five existence.

Needless to say, time management is critically important and is something we should spend a great deal of our energy improving in our lives.

Enemies of Effective Time Management

Television - I recently heard a statistic that the average adult watches nine years of television during their lifespan. That is absolutely insane. Think of what you could accomplish in nine full years – the equivalent of almost 79,000 hours. You could solve some serious problems in that time! Or you could create some serious memories in that time (much better than a funny episode of Seinfeld from 10 years ago). Cut back your television watching drastically. Consider getting rid of it if you’re somewhat radical.
The Internet - While I work online a great deal, the aimless browsing that often comes with being on the internet is a huge time waster. The main culprits? Facebook, ESPN.com, other blogs, etc. but I’d guess that Facebook is most people’s #1 time waster. Get off these websites and start using your time more wisely.
Telephone - This isn’t really a time waster for me, but I know it is for some people. Some people talk for hours on the phone about the smallest, most irrelevant aspects of life. Not to step on anyone’s toes here, but I think females tend to “over-analyze” things on the phone – correct me if I’m wrong. Anyways, get off the phone!
Disorganized Lifestyle - Being disorganized in life is definitely an enemy of time management. While not everyone has a personality that lends itself towards structure, discipline and organization in their lives, everyone who expects to being able to manage their time well needs to have some element of organization and structure in their lives. Otherwise, you will likely manage your time very poorly.

Easy Ways To Improve Your Time Management

Get Organized - This is number one. Get organized in the various areas of your life. This might mean a neater living area, organizing household items, or organizing your business area and desk. Getting organized saves time in the long run and will make you more efficient.
Plan Out Your Days - Similar to the last point, this is essentially organizing your day. Even if you have a million things to do, you should take five minutes and map out what you plan to accomplish and in what order. Create a checklist basically for your day. Then, start knocking them out. You’ll be surprised how energy efficient this is and how much you are able to get done.
Don’t Check Email So Often - This one is from the Four Hour Work Week book. He checks his email twice a day. The alternative which most of us do, including myself, is keep our email open all day and respond every single time an email comes in. This means I stop what I’m doing and respond to email approximately 100 times a day. It’s terribly inefficient. Try the alternative.

What Is Possible

By improving your time management, you might be able to get more done in your life that you actually want to get done. A recent comment in the discussion forums here at 20smoney, somebody mentioned a side income as a pipe dream. The reason for it only being a pipe dream is probably due to lack of time. By improving his time management, maybe the pipe dream becomes a reality?

Time management is something we will always strive to improve over the course of our lives. It’s vital to a productive existence and its vital to a quality work/life balance – both things I desire and you probably do as well. I would never have been able to get this blog off the ground while working a job and having a family all simultaneously had I not implemented some level of effective time management – and I have major improvements to go still!

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# 13 September 2010 at 4:56 pm

Alevinos said:

Disorganized Lifestyle is my big problem. I will follow your day, thank you

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# 4 July 2011 at 1:17 pm

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I agree with you,
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# 3 October 2011 at 8:25 am

Rich said:

Interesting. I would say my main problem is checking e-mails all the time and spending too much time on Facebook haha

9 years watching TV, that sounds like a huge waste of your life.

Cheers!

# 4 October 2011 at 8:14 pm

Anita said:

Yeah, people instead of live, they waste their lives in these virtual worlds. Of course, nowadays it is almost impossible to survive without internet, etc but this doesn't mean that you need to be stuck in it for hours and hours.

Nice article!

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Thesis On The Economy

My view is that the American economy has major structural issues that will prevent it from legitimate real growth in the years ahead. Because of structural problems, politicians will react with political responses which will only do more harm and lead to inflation. Government cannot and will not fix the economic issues that are structural in nature. Only a liquidation of bad investment and market-based allocation of capital and resources into productive areas of the economy can get the economy growing again and thus lead to real job creation.

Thesis On Investing

Stock markets are unlikely to generate the return going forward that most investors expect. Buying and holding the broad market is not a wise strategy considering real economic growth over the next 30 years will likely look very different than the previous 30 years. I believe in stock picking and an emphasis on Dividend Stocks. I also believe the markets are manipulated to a certain degree via Wall Street schemes like high frequency trading and Federal Reserve easy monetary policy. It's important to factor in currency devaluation when determining real rate of return in stocks. I disagree with most mainstream investment advice in that you should passively invest in the broad market - this form of investing seeks to benefit Wall Street not you.

Thesis On Income

A tough economic environment means it is difficult for the masses looking to do nothing more than be an employee. To prosper in this environment you have to be creative, innovative and willing to compete and work harder than your neighbor. I believe we're increasingly moving towards a time where more people work multiple jobs and make a living in a number of different ways - increasingly moving away from the era where a man works for a single company for an entire career. I believe in working hard to generate multiple streams of income and often discuss ways to make money online. I document on this blog the income I make with various websites and online businesses.

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