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| Pathways Advisory Group, Inc. Jeff Karst, Associate Planner |
In finance, we often talk about the Time Value of Money. The basic premise is that a dollar today is
worth much more than a dollar in 10 years.
What about the Time Value of Time?
Is your time more valuable today than it will be in 10 years? We tend to value “today” more than
“tomorrow”.
How much is your time worth?
It’s a question I ask myself constantly.
Outside of work, I consider my time in two different
ways. One: The time after work, before my daughters go to sleep is the
most valuable to me. It’s priceless! There is not much else I would rather do than
spend that time with my daughters. Two:
After my girls go to sleep, that’s the time for TV, home
improvement, or whatever else. That time
doesn’t have as much value. I can spend
that time doing most anything. (Weekends
are a whole different story.)
When is your time most valuable to you? Is it spending time with your family? Shopping with your friends? Dinner with your spouse? Whatever it is, I encourage you to focus on
that time. Those are the moments to
capture.
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