A LESSON FROM BENJAMIN FRANKLIN
Our three most precious commodities:
1) Time
2) Money
3) Personal Productivity (energy)
Do you jump out of bed each morning with a plan, feeling excited about what lies ahead for your day? Or do you watch the clock hands tick by and wonder where all that time goes?
It is all too easy to feel that if we are not busy working on some project or urgent thing to do, we are wasting time.
How we perceive time has a mighty effect on our priorities. If we have a high priority on money for instance, then we will be driven to be more productive to try and use our time as effectively as possible in keeping with the phrase ‘time is money’.
What is the price tag on time?
If we live by the above phrase, then we will indeed be giving currency to time. How does that affect our confidence and self-value? This can lead to rating our self-worth by how productive we perceive that we are. This can have some real negative implications for us:
If I earn $100 per day and you earn $1000, then I must be worth 90% less than you are. If I take this mindset on, then I will feel inferior and lose productivity, and change the way in which I feel about myself.
If we live on the premise that ‘time is money’ then we put the caregiver who gives up their job to look after a loved one, or a mother or person with a disability that stops them from earning greater financial income on the bottom of the pile, while an arrogant, high-flying executive who makes money at the expense of others at the top of the pile. Does this sound like a social value system that you would like to support?
If time is not money then what is it?
In a sense, Ben Franklin had it right when he associated time with currency; he just chose the wrong one. You see, the value of money is tiny compared to the value of time, even though making a living does require that we spend some of our valuable time in that pursuit.
When we spend our valuable time we should view it as something that far exceeds the worth of money. Yes, it takes a certain amount of money to care for our material needs and wants, but that is just one, small aspect of life.
And this brings us to the real point of this article.
Time is the currency of life.
Some will argue that time is a concept created by man and that it really doesn’t exist. All I can say to that is – what happens to your life when you run out of time? See my point? We only have so much of this valuable commodity and when it’s gone all the money in the world can’t buy you more.
Here’s where a proper view of productivity can help. If our level of productivity allows us to care for our material needs while only spending half as much time doing so, then from a practical standpoint, we have actually gained a lot of time for other pursuits. In fact, isn’t that what’s behind the intellectual draw toward increased productivity? In a nutshell, more money in less time means more time doing what we want.
Keep your balance and avoid the traps.
The real challenge here is to use increased productivity in a balanced way so we reap the benefits and avoid the pitfalls. Creating greater earning potential so we can spend more time doing other things will likely require a period of focus and dedication. Once our efforts begin to pay off we need to avoid the following traps.
- Getting obsessed with earning more and more.
- Allowing super productivity to become an obsession.
- Forgetting why we chose this course to begin with.
- Slipping into the ‘time is money’ mindset.
- Enslaving ourselves by continually increasing our spending.
- Thinking that more income changes our worth as a person.
- Endlessly trading the currency of life for mere money.