Disclaimer: The Eqbal Ahmad Centre for Public Education (EACPE) encourages critical and independent thinking and believes in a free expression of one’s opinion. However, the views expressed in contributed articles are solely those of their respective authors and do not necessarily reflect the position or policy of the EACPE.
TIME IS THE MOST IMPORTANT ASSET IN THE WORLD.
This is easily known by the simple fact that money can be made whilst time cannot be reversed — despite the best arguments presented by sci-fi oriented physicists to the contrary.
Have you seen the dead rise from their graves and live once more?
Neither have I which proves the point that I am making: money is recoverable, time is certainly not.
Psychology claims that the primary difference between failures and victors in finance is the science of time-management; those who manage their time properly with the help of science, become rich and those who do not become poor.
Success is based on the rational systematization of time, where the correct seconds, minutes and hours are allocated to the most beneficial activity i.e. that which pays the most financial dividends.
In total there are 24 hours in a single day which equates to 1440 minutes.
In my research on the ultrarich I have discovered that the magic number of minutes, which differentiates those who achieve major financial success and those that fail to, is only 240 minutes.
This is the number of minutes which is required on a daily basis for self-investment activities.
Rich people invest these minutes on a daily basis on the following activities:
Education: the rich folks love reading, writing and analyzing articles and books which influences their major financial decision-making; there can be no success without investing in daily reading for a minimum of 25 minutes. This is the fundamental principle in the science of success: read, read and write.
Exercise:whilst the poor were becoming fatter watching television all day, the rich were investing significant minutes in their daily exercise, some exercise for more than an hour on a daily basis, others even more, but many far less. Either way, the habit of exercise is a major indication of your personal inclination to success or failure; those who exercise are inclined to the former and those who do not are inclined to the latter.
Relaxation:the ultrarich do not like to get stressed as this negatively affects their productivity, thought-patterns and physical health. Consequently, they engage in relaxation activities to help with their work; they take long-showers, go for a massage therapy and enjoy travelling abroad on a regular basis.
Planning:the ultrarich love to make detailed plans about their future, with pen on paper; this is a keystone habit of the successful people which is extremely important. Planning allows you to become more focused on your primary purpose; the clear things that help become successful such as things related to your job.
The management of time is the essence of success because success relies on doing activities that are time-based. A man must allocate time to an activity for something, an effect, to occur.
If you do not write a single sentence, how can you write an article?
If you do not work a single day, how can you become successful in a job?
If you do not save a single penny, how can you become rich and wealthy?
Time must be invested in something for it to pay any potential dividends.
In summary, the rich and successful folks take care of their time-based activities in a scientific and measured way, ensuring that the required allocation of time is provided for any meaningful activity whether reading for a minimum of 25 minutes on daily basis, or taking a 1 hour power-walk.
Success is the end-result of a long process of daily decisions where all the seconds and minutes are properly utilized and invested in the most beneficial activities. It is the irrational man, the fool, who thinks that the seconds, minutes and hours do not matter.
Resolve to work harder on saving and investing your time more wisely than you do on your financial assets.
A contributed article by Zalghi Khan