Master Personal Effectiveness with Time Management
Part 5 of 5
The Ultimate Life Hack Everybody Should Know About
Time is life’s most precious commodity; it’s what we do with our time that shapes our future and determines our success.
Learning to value time and spend it wisely will allow you to make great headway in both your personal and professional life and help you work towards becoming part of the top 5% of great achievers.
What Distinguishes The Top 5% from the Rest?
We all have the same amount of time in a day: 24 hours. The top 5% are the people that go above and beyond, take risks, and use their time wisely as they understand that time is extremely limited and extremely valuable.
Instead of spending all of their free time on things that don’t contribute to their future, like watching reality TV or scrolling through social media, they spend their time learning and working towards creating a better life for themselves and their families. Naturally, most people tend to be drawn to the easy option and avoid challenges, change and taking risks for fear of ‘wasting time’ by failing. However, ‘failure’ isn’t wasted time as long as you learn from it.
- “Success is not final, failure is not fatal; it is the courage to continue that counts” Winston Churchill
The vast majority of people don’t treat time like the precious commodity it is, so really, learning to manage your time more effectively becomes such an easy win, placing yourself well on the path to becoming part of the top 5%. Even just spending one extra hour a day on something that contributes to your life will set you apart from the rest.
Why is Now the Time to Master Time Prioritisation?
As we get older, time seems to go quicker and quicker and days, hours, and even minutes begin to feel much shorter, which is why it’s so vital that we start using our time more effectively today. Every minute you begin saving every day from now will significantly add up over the next 5, 10, 20 years. It has a compounding effect.
Throughout the years, countless great world leaders and high achievers have recognised and spoke out about the importance of not wasting time, including:
- Charles Darwin “A man who dares to waste one hour of time has not discovered the value of life.”
- Benjamin Franklin “You may delay, but time will not.”
- T.B. Joshua “Life is too short to waste time on things that have no lasting significance”
How You Can Use Your Time More Effectively
One of the key principles of using your time more effectively is knowing what your time is truly worth.
EHR (Effective Hourly Rate) is a concept that helps you focus your time on the right things. Put simply, your EHR is the maximum value of the work that you can produce per hour and this concept suggests that you should only do tasks that are worth that amount, no less. For example, if your EHR is £5/hour, you’ll likely be doing smaller, shorter, simpler tasks. Whereas if your EHR is £50/hour, you will most likely delegate these smaller tasks so that you can focus on bigger, more high value tasks.
Another key aspect of time management, like we talked about in one of our previous articles, is taking breaks. It’s extremely easy to fall into the trap of trying to work at 100% all of the time which can lead to extreme burnout.
When you learn how to get the most from your time by prioritising the right things, time suddenly becomes life’s biggest hack.
With this, we are hosting a free 45 min webinar at 10:30am on Thursday 22nd July 2021 about how to ‘Master Time Prioritisation with the Time Priority Grid’. This webinar will help you understand what areas of your workload are the most valuable, identify the Value, Immediacy and Effort of tasks, and ultimately enable you to use time more effectively.
To sign up to this free webinar, please click here or click the button at the bottom of this article.
If you have any friends or colleagues who could benefit from reevaluating how they spend their time, be sure to send them this article and a link to our free webinar!
We hope to see you on the webinar and that our ‘Master Personal Effectiveness with Time Management’ article series has helped you get the most out of your time.
Until next time...