#1 Psychology In Time And Money

in psychology •  6 years ago 

Hello, Folks!

When a moment comes in your life to carry out some estimate about the important thing in your life then you need to know that something is wrong. The wrong I mean is there is either something needs your attention or you miss out something.

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Early hour of today I began to look into my time and the thought resulted in one big point which brought me to this thought, does the time I'm spending on what I do really worth it? What's the value of my time if I need to calculate it hourly?

To you, my friend, do you know what an hour worth in value in your life? If you don't then sit tight and listen to this mind-blowing information. All uses of time are not equal therefore my one-hour value review is totally different to yours but there are factors that connect all together.

If you are one of the people that spend most of there time doing profitable work you will definitely make money. If you are someone that spend your time investing in other people's lives you will definitely build relationships. If you are someone that works more on the impactful project you will definitely contribute to the society. If you want all this, the determining factor is how you spend and value your time.

Oh yes, you want all that I listed above but it's not possible to have all at the same time, what you need to understand is how to effectively manage the tradeoffs which you know you are facing on daily basis.

The best way to know who you spend your time is by you knowing the worth of that time.

What's the worth of your time?

I remembered some months ago I bought a phone and I started having an issue with the battery in which I tried to search online for a new battery for the phone and I was given 10$ to get the new battery. After the click on the order, I discovered that $35 shipping fee was attached making $45 and I ask myself if battery worth is $10 and shipping fee is $35 I need to do some reasoning with estimation.

I turn down the shipping fee and enter the market for search and discovered that I can get the battery for $15. I ask what's the price, it's $10 but base on their profit it's $15. Another moment of thought, yes I bought the battery but my reasoning continues...

The distance of the market from my house is 1hr 30mins, I say to myself if $35 is the shipping fee and the distance from my house to market is just 1hr 30mins, does my 1hr 30mins worth $35? Friends talk to me...

When you place value on what you do and write out what you get, it will determine your next step of action. How many of us do this calculation on every action? Samest you are guilty too...

If you have an inner gauge of what your time worth you will manage your time well and also value your time...

This is just preamble... I will continue this mind-blowing in my next post... Thanks for following.

Kindly Vote For @wls-africa, @met.witness, @yensesa-witness for witness Here


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Nice post! I certainly agree that it would be beneficial for all of us to increase our thinking about the value of our time and that it would certainly profit most of us financially. However, certain things have an emotional value that succeed our perception of money such as spending time with people we love. Most people do not think "Damn I am losing 30$ while visiting my grandmother for an hour" and it is good that way. Time is certainly valuable and almost all of us could use their time more wisely and efficiently in a financial matter. But you should never forget to cherish certain moments that no money in the world can buy you!
Have a nice day!

Great comment... Thanks man

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Excellent article, @samest! I just followed you.

Thanks for your comment

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