Time is the greatest resource we have at our disposal. Yet we complain about not having enough hours in a day to do what we want to do. Why is that? Could it be because we waste our precious hours indulging in mindless chit-chats or browsing social media feeds when we should be doing something else instead? Whatever may be the reason, it’s evident that many people don’t manage their time as well as they should. Certainly not like self-made millionaires, who seem to have figured out the secret of effective time management.
According to Business Insider, self-made millionaires allocate their time differently. They spend more time focusing on personal growth, thinking, and planning future endeavours. They know that only by gaining mastery over time, can they achieve success. Warren Buffett, one of the most successful investors of all time, once said in an interview, “people are going to want your time. It’s the only thing you can’t buy. I can buy anything I want, basically. But I can’t buy time… I better be careful with it.”
This shows how valuable time is and why we need to learn to manage it efficiently. If you are among the ones who want to know how to manage time like self-made millionaires, here are a few tips that can help you do that.
Start your day early
Starting your day early gives you an ample amount of time to plan your day in a way that best suits you. Successful entrepreneurs such as Tim Cook, Richard Branson and Jack Dorsey, all wake up early. Cook starts his day at 3:45 am and gets a head start on emails. Branson gets up at 5 am to exercise and spend time with his family, which puts him in a great frame of mind before he gets down to business. Dorsey wakes up between 5 to 5:30 am to meditate and go for a 5-mile run. Waking up early gives them enough time to focus on their work and partake in activities that brings them inner peace and joy.
Focus more on your personal growth
Developing habits that can help increase your productivity is important if you want to achieve success in life. Millionaires understand this, and hence, dedicate a significant amount of their time to activities that support their personal growth. According to research conducted by Sarah Stanley Fallaw, the author of the book, The Next Millionaire Next Door: Enduring Strategies for Building Wealth, “They (millionaires) spend roughly 5.5 hours a week reading for pleasure and nearly six hours a week exercising compared to the average American, who spends two hours and 2.5 hours on those activities respectively.”
Managing your time like a millionaire refers to adopting effective time management strategies that prioritize productivity, focus, and value-driven activities.
Adopting time management practices similar to those used by successful people can help us become more productive, achieve our goals efficiently, reduce stress, and maintain a healthier work-life balance.
Strategies include setting clear goals, learning to say no, focus more on your personal growth and setting achievable goals.
Effective time management allows for better utilization of each day, leading to increased productivity and accomplishments.
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