
Quite often I hear the remark "Time is Money" tossed around in conversation when people are having time management challenges. Usually it is followed by a bunch of nodding heads and agreements.
What I don't hear are any solutions to the problems or challenges being presented. I know time is money, but I'd prefer to change the phrase a little to read "Time is money well spent."
What's the difference? That's easy. If you spend your money wisely, you will have more time.
Now what does that mean? That's a little harder. I have always been, and will continue to be someone who opts to spend more for fast and easy, because my time is valuable. I can't figure out the people who choose to do it (what ever "it" is) the hard way just because it is cheaper. Let's face it, if you have to invest a lot more time, isn't it ultimately more expensive?
So, say my time is worth $100 per hour. If I spend 1 hour a day nurturing my social networks, I am investing $3,000 per month in that activity. If my social networking isn't bringing in on average the equivalent of $3,000 per month, then I'd say that time is money poorly spent.
Now, if I spend 1 hour pre-scheduling social networking posts for an entire month, and reduce my time down to 30 minutes per day, my investment would be only $1,600 as compared to me spending an hour a day, which equates to $3,000. That is money well spent.