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Invest or spend?

Tags: money

When you saw the title did you immediately think of money? I believe most in our Money conscious society would. What I’m going to talk about can relate to money but in the fore front of my mind is time.

“There are 86,400 seconds in a day. It’s up to YOU to decide what to do with them” – Jim Valvano

There are so many quotes I could have used but the one above clearly shows that each of us has 86,400 seconds every single day to either invest or spend. We all have the same number of seconds, it is what we do with them that matters.

Are you investing or spending your time?

Have you asked yourself that question? Have you broken your time down to see where it all goes? If you do you’ll be surprised at how much time your’re spending on minor things.

Let’s say you break your day down and you’re spending 3 hours a day watching television. What would happen if you invested 2 hours of that time getting closer to your goals? Over two weeks that’s 28 hours, over a day worth of time! Would you like an extra day? I know I would.

If you do that everyday for a year you will have invested 30 days into getting closer to your goals. That’s a month worth of time, let me ask you another question. How would you like 13 months in a year?

Do you see how it’s what we do with our time that matters? How we invest it rather than spend it on activities that don’t bring us any closer to our goals or maybe even move us away.

Brian Tracy has an excellent, simple and easy to read book on time management and getting more important things done. It’s definitely worth a read, check it out –
Eat That Frog!: Get More of the Important Things Done – Today!

Let’s talk about money!

When I used to be employed most people had too much month at the end of the money and I still hear people saying the same thing. They haven’t got enough or they need more are typical complaints.

If you have that mindset the first thing I suggest, is to look at what you do have. How much money do you have coming in each month? And, how can you invest it more wisely?

In the book, The Richest Man in Babylon, George S.Clason suggests saving 10% of your income for investments. This could be a house, shares or bonds etc. This way you are not spending all you earn.

I’ve kept this section on money shorter than the time section for this simple reason;

“Time is more valuable than money. You can get more money but you cannot get more time” – Jim Rohn

Suggested Resources

The books I’ve suggested above are books that I’ve taken at least 3 points of value from, I hope they help you at least as much as me and hopefully more.

Time management

Eat That Frog!: Get More of the Important Things Done – Today! by Brian Tracy

Money management
The Richest Man in Babylon by George S.Clason

Thanks again!!!

Once again I’d like to thank you for reading my post and I hope you’ve taken at least 3 points of value. I’d love to hear from you please leave a comment or send me an email.

See you soon and have a great day.

Joe




This post first appeared on Joe Hinchliffe – Become The Person You Were Born, please read the originial post: here

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