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The 7 Best Ways to Invest Your Time

“Life-Extending” Time

Proactively invest your time in your health by eating well, exercising regularly, getting plenty of sleep, and regularly seeing your doctors. 

Make sure you also invest in the other markers of well-being: emotional, mental, and spiritual health.

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The 7 Best Ways to Invest Your Time

The 7 Best Ways to Invest Your Time

https://www.themuse.com/advice/the-7-best-ways-to-invest-your-time

themuse.com

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Key Ideas

“Foundation-Building” Time

If you’re spending more time putting out fires than building the right foundations, you’ll never get out ahead of your to-do list.

Spend time building relationships, identifying opportunities, time for prevention and planning.

“Do-Nothing” Time

Investing in do-nothing time will help us slow down and experience a different pace of life, in which time’s value is not measured by its productivity.

“System-Creating” Time

Investing some up-front time in creating better, more organized systems will reap you lots of time in the long run.

For example, put a key hook by the door so that you don’t spend five minutes every morning hunting for your keys.

“Cushion” Time

Building in lots of cushion time in your schedule and preventing being always in a hurry is a great investment in yourself and in the quality of life of those around you.

Because being in a rush may be preventing you from being the kind of person you want to be—the kind to stop and help someone in need.

“Savoring” Time

It requires slowing down and taking time to really look at the colors of the leaves, or eating slowly to enjoy the texture of a bite.

Investing time in savoring all the unique sensorial moments of your day will guarantee your moments don’t flash by in a dull blur.

“Time Assessment” Time

Take time to evaluate how you invest your time. A good system could include:

  • 15 minutes/week to review your past week’s schedule.
  • One hour/month of quiet time with a journal to assess the past season.
  • One day/year of time alone or with a friend or partner assessing the past year.

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Time is not money
Time is not money

Even if these two share some connections, time isn't money. Time is energy, money is a thing. And they each have power over our lives.

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Disrupting the time-money relationship

Investing and passive income disrupt the time-money relationship.

To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.

The best investing strategy
  • Make as much money as you can
  • Keep your expenses low
  • Invest the difference
  • The more you invest, the faster your money will compound and bring you more money
  • Sit back and earn money with no effort. You are no longer trading your time for money.

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Be Proactive

Reactive people believe the world is happening to them. They focus on things that are in their circle of concern, but not in their circle of influence.

Proactive people recognize th...

Begin with the End in Mind

Start with a clear destination to determine your steps. Identify your values and live by them.

  • Visualize in detail your own funeral. What are they saying about how you lived your life, and your relationships? What do you want them to say? Change your priorities accordingly.
  • Break down different roles in your life - whether professional, personal or in a community. List 3-5 goals you want to achieve for each. 
  • Define what scares you and write down exactly how you'll handle it.
Go after your goals

Prioritize your day-to-day actions based on what is most important, not what is most urgent.

Be disciplined to follow these actions regardless of how you feel at any given moment. Maintain a primary focus on relationships and results, and a secondary focus on time.

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Investing

... is the trading of your money today for a lot more money in the future. It is a high yield over the long term.

What happens to your money

Banks don’t like to give away their money. That mindset is reflected in the interest rates of checking and savings accounts of 0,5% and 0.9% avg. annual interest respectively.

When you deposit your money in the bank, the bank turns around and invests that money at 7% a year or more. After they collect their profit, they give a tiny shaving of it to you.

Portfolio and Diversification
  • Your portfolio reflects your long-term wealth building investment strategy – not the short term. It includes everything you own. Your retirement accounts, your investment accounts, even your home are types of investments.
  • Diversification is a way to describe owning multiple types of investment assets. Diversification is smart because you both protect yourself from failure and position yourself to take advantage of multiple robust methods for building wealth.

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