#YourCareer : How Taking Control Of Time Will Make You Successful And Happier.

We always hear people lecture us—usually our bosses and parents—that “time is money”. Time is an incredibly valuable finite resource. While you can get more money, we can’t create more time.  

Going into the new year and decade, it’s important to think about how you can maximize your time to fast-track your career. Just think about how quickly the last ten years flew by. When we reach the year 2030, you’d love to look back and relish all your amazing accomplishments. One of the best and smartest ways to achieve long-term success is to take active, thoughtful control of your time. Instead of squandering it mindlessly, you need to leverage time to your best advantage.

Most people lament that they are overwhelmed with work, responsibilities, family obligations and annoying chores. It doesn’t help matters that society makes it too easy for us to get distracted from our goals. Social media sucks us into scrolling endlessly through our Facebook, Twitter and Instagram feeds, binge watching shows and movies on Netflix and engaging in other time-wasting activities.

You should develop a cost-benefit analysis of how you spend your time. If you can earn more money doing what you do best—your job and profession—compared to spending a lot of time doing tasks yourself, than it’s prudent to outsource the chores. This includes things like fixing leaky plumbing, electrical work, food shopping and house cleaning. The time spent on these tasks takes away precious time that you could be enhancing your career or spending it with your family. The chores should be delegated to others. The time spent on your career will return massive dividends.

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You also need to consider the dollar value of your time. Think of how much each minute, hour and day is worth to you. Contemplate what activities would result in furthering your career. For instance, if you are an attorney and bill out hourly rates ranging from $200 to $500, it’s a waste of your time, energy and money to mow your own lawn, shovel snow from your sidewalks and clean your home.  Put a price tag on your time and things will become more clear.

At first blush, this sounds arrogant and elitist. After digesting the concept, it’s simply practical. A landscaper may charge you about $50 bucks a month to take care of your lawn and a high school kid will happily take $30 dollars to shovel your driveway. While they are doing these chores, you can bill an extra few thousand dollars. You also avoid blowing out your back, slipping on the ice and doing a poor job on pruning the shrubs. You’re far better off allocating projects out to others and using the time to grow your career.

It’s also important to say ‘no’ to people. There are so many daily requests made of us at work and socially that takes up too much time without any benefits or upside. It seems harsh to do, but you need to protect your time from the intrusions of others. The more you allow people to consume your time and energy, the less you have to devote toward your career and life. This does not entail being mean or rude. When a friend asks you to help them move, you’re better off chipping in for a professional mover than schlep a couch and bed up five floors of a winding, narrow staircase.

According to Harvard Business School professor, Ashley Whillans, its smart and prudent to spend money to eliminate the stresses of repetitive chores. Your money buys you the precious commodity of time. Whillans emphasizes the happiness that is derived from the time taken back by not having to engage in certain tasks that you don’t like and are not good at.

In a TED Talk, Whillans says that “using money to buy ourselves out of negative experiences,” such as mundane and monotonous housekeeping and laundry is essential to de-stressing. She takes the concept further by asserting that it’s worth paying more money in rent or a home purchase closer to work as the time saved in commuting is invaluable. Her research shows that “buying time” leads to greater happiness and cuts down on the daily stress of life.

The concept may make some people feel guilty and uncomfortable. We’re always told to save money and do things ourselves. There is a little discomfort with paying people to deliver our  food, fold our laundry, drive us places and do all the unpleasant tasks. Instead, Whillans says to focus on all the value you have with the extra time saved, which will lead to greater happiness.

By taking control of time, it will make you more successful in your career and happier in your life.

 

Forbes.com | December 26, 2019  | Jack Kelly