Creating a Time Budget
"Time is more important than money"- my belief
I really believe that time is more valuable than money. I can convert time into money by working. Similarly I can never convert money into time by hiring someone else to do something that I need to do instead of me.
But, to me, a loss of money can be replaced by working harder and smarter. The same analogy does not work for time. No matter what i do I can not get time back.
With this in mind, I do believe that when we work on an idea we need to create a time budget. If you have 2 hours per week then in a year(assuming two weeks off) you have 100 hours. Ten hours a week translate into 500 hours in a year. And 20 hours per week translates into 1000 hours per year.
The math is simple but there is a big difference to committing to a 1000 hour project vs. a 100 hour project. The 1000 hour time budget would give you adequate time to "put a dent in the universe" and your idea.
Today's question is:
"Do you create time budgets?
"Time is more important than money"- my belief
I really believe that time is more valuable than money. I can convert time into money by working. Similarly I can never convert money into time by hiring someone else to do something that I need to do instead of me.
But, to me, a loss of money can be replaced by working harder and smarter. The same analogy does not work for time. No matter what i do I can not get time back.
With this in mind, I do believe that when we work on an idea we need to create a time budget. If you have 2 hours per week then in a year(assuming two weeks off) you have 100 hours. Ten hours a week translate into 500 hours in a year. And 20 hours per week translates into 1000 hours per year.
The math is simple but there is a big difference to committing to a 1000 hour project vs. a 100 hour project. The 1000 hour time budget would give you adequate time to "put a dent in the universe" and your idea.
Today's question is:
"Do you create time budgets?
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