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The Value of Time and How to Manage Time Effectively
You can never get time back, since it is a non-renewable resource.
It seems that most people do not think about looking at time this way. People tend to realize the significance of managing time wisely (when trying to accomplish goals and valuing every minute and second of it) only when they start viewing time as a non-renewable resource. When it comes to time, there is a direct correlation between supply and demand, as with any other resource. When there is an abundance of time, it is easily wasted. Equally, when there is a scarcity of the resource, or in this case, time, it becomes essential to manage it more effectively.
How can time be managed more effectively? It is essential for individuals to change their perspective, first of all. Each day contains a specific number of hours, minutes and seconds for accomplishing the goals and completing tasks. As most people know, when working under a tight deadline, every minute or hour has to be treated as a valuable resource, which has to be utilized efficiently to meet a specific goal and cannot be wasted on any non-essential tasks. The time resource is non-renewable as each moment or hour that is gone will never be replenished.
When resources become scarce, it is vital to closely monitor how they are utilized and whether any of the resource is wasted. We can use drought, as an example here: certain activities have to be eliminated or their use has to be significantly reduced, such as taking long showers, washing cars, watering lawns, etc. Scarce activities get the most use of the resources available. Based on this analogy, the individuals studying time management will learn to analyze and monitor their own scarce supply of this precious resource and how to use it more efficiently.
Everyone can benefit with knowing more about scarcity of time and time as a precious resource when they think they are bored or have nothing to do! If you learned something new about the value of time, efficiency, and time management in this article, you might want to spend more time on research to find out how you can utilize this knowledge to create extra hours in your day and have more free time in your daily life.