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Time Management: ROI of Seconds

Time Management: ROI of Seconds

ROI… Return on Investment! A term so common and popular in terms of money! Every one of us is usually so careful with where we invest what we earn, with what we can get in return of investing our hard earned money. Here is a question I would like you to ponder upon:

What if a genie were to appear in front of you and offer you an amount of Rs 15,77,66,400/- tax free! Yes, that is right. An amount of Rupees Fifteen Crore Seventy Six Lakhs Eighty Thousand! The only catch is, before you take this money, you got to tell the genie for sure, what you are going to do with it and how you are going to spend it, and you have to then do exactly the same! Here are other points to consider:
(a) the areas in which you spend/invest the money much be specific, i.e. you can’t just say invest and spend – you have to say where and in what
(b) the entire money can be used up in only 3 things – not 2 and not 4, just 3!
(c) you have to say exactly how much of the money you are going to spend for each of the 3 things – either in percentages or in actual amounts

What will you do with the money? Pause here before continuing to read, think for a minute, or more, and write the same down! Be honest with yourself.
What did you write??? Are you sure that is how

Now, let us re-look at the situation. Do you need a genie to come and give you this money? Doesn’t each and every one of us already have it??? How so, you may ask? I don’t see that amount anywhere in my bank accounts, you may ask? Sure, you do not see it in any bank, because it is not yet in form of the money we are used to dealing with in day to day life.

It is however, with each one of yes in yet another form, “time”. Yes, Rs 15,77,66,400/- is right here with us in the form of “time”. Take the next 5 years of your life: that amounts to 1826 days (taking into account one leap year of 366 days): this is 1826*24*60*60 = 157766400 seconds. Thus Rs 15,77,66,400/- is the next 157766400 seconds of your life, i.e. the next 5 years of your life!

Now, revisit the 3 choices that you made. Ask yourself, “If at the end of the next 5 years of my life, the above are the only 3 accomplishments that I would achieve, would I be happy and satisfied?” If your answer is YES, then Congratulations! According to various researches conducted, you come under that lucky 3% of individuals who work on tasks that are in tandem to their goals!

If your answer is NO, then consider this, “Why is it, that when it comes to money, we choose to acquire things with it that we would not value over time?” The reason is very simple. We value time and money in different ways! It is time that we started to value time as money, in fact in today’s scenario, much more than money.

We invest money. We also invest time! We get returns on our money investments. We also get returns on our time investments? The very same ROI (Return on Investment) matrix that applies to money, also applies to time (refer matrix below)!

You can do tasks that need high investment of time with low returns – example, watch hours of television endlessly, surf the internet aimlessly, gossip, and so on. These tasks are time wasters and in order to lead a successful life, we ought to learn to reduce the time we spend on these.

You can do tasks that need high investment of time with high returns – example, register and study a part time course related to career, training programs, reading books, taking vacations with family, and so on. These tasks take time, however, can offer fantastic benefits in our goals and relationships in life, we ought to learn to make time to work on these consistently.

You can do tasks that need low investment of time with low returns – example, having a quick cup of coffee in the midst of work, checking email or facebook, etc every hour, and so on. These tasks do not have much benefit, however, also, do not create any loss.

You can do tasks that need low investment of time and high returns – example, exercising for 15 minutes every day, spending quality 30 minutes with family daily, and so on. These tasks take little time, however the benefits can be profound and long lasting, we ought to learn to find more of these to do every day.

Know your low investment high return tasks, and work on them!
You have the power!

—————————————-
Revathi Turaga is an International Trainer & Inspirational Speaker
http://www.revathionline.com

Published in ‘The Hans India’ newspaper on 22nd July 2011

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July 25, 2011 - Posted by | The Hans India Newspaper, Training and Learning | , , , , , , , , ,

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