HOW MUCH TIME IS IN YOUR WALLET?

By
Education & Training with Performance Development Strategies

What would you do if you just received a large monetary inheritance? Would make an extravagant expenditure, invest it, or pay down debt? When you get time do you approach it in the same manner? It is true that you will get more out of the time you have when you learn to get more out of your life. What do you want? What are your values? What do you believe and what are your priorities? The answer to these questions will determine how you spend your day. In order to get more out of you time, you need to know what you want to get out of it.

There is a difference between spending time and investing time. According to Webster to spend is to use up, exhaust, or consume. In other words, if you spend you have no return. On the other hand, when you invest you do so with the expectation of obtaining a result which could include a satisfaction, income, achievement, or the like.

Many of us spend far more than we invest. Most of us spend large amounts of time engaged in frivolous activities that are distractions to achieving our goals. We need to value time like we value money.

Without goals and purpose, we can spend too much time doing things that seem urgent rather than those that are really important. As a result, many unimportant tasks get done in a timely manner while important activities get quickly done under crisis conditions. Understanding your priorities and values is the first step to time management.

Take a proactive approach to time management rather than a reactive approach. When you react to every interruption and every email as it dings on your computer you are not in control of events. Here is how to get control. Analyze incoming requests and put them into one of four quadrants according to the template below.

 

Activities

 Notice that the horizontal axis is labeled important and not important and the vertical axis is labeled urgent and not urgent.

Quadrant 1 is high priority. Activities that are both important and urgent go here.

We can plan most effectively in Quadrant 2. Yet we underutilize this quadrant because we spend too much time in Quadrant 3 (urgent and not important) and in Quadrant 4 (not urgent and not important).

In general, you should complete activities and projects in Quadrants 1 and 2 first. Ask yourself whether this task is important and do I really need to do this task? The task is important if it helps you achieve one of your goals. Sometimes, however, the task may not be as important as other activities. Avoid those things that are urgent but not important. They are time wasters.

Allocate your time in a way that will contribute to the achievement of your goals and mirror your values in life. Invest your time wisely and you will reap significant rewards in your life.  For a similar post on our web site see IS YOUR TIME AN EXPENSE OR AN INVESTMENT?

Are you ready to take control of your business by taking control of your time?

Contact us to learn more

or call 914-953-4458.

 

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Sally K. & David L. Hanson 06/03/2019 03:18 AM
  2. Roy Kelley 06/25/2019 01:00 AM
Topic:
ActiveRain Community
Location:
New York Westchester County
Groups:
Coaching and Mentoring
Tags:
time management for realtors
time management strategies

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Rainmaker
1,202,778
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

HI Grant Schneider - What a great title! It draws the reader in.  Of course, the topic is more important and we really need to be efficient in our time. Great explanation of the topic. 

My phrase is time stealers.  It helps me stay efficient. 

Jun 03, 2019 01:05 PM #16
Rainmaker
1,595,426
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

Perhaps it was the influence of The Great Depression but my father thought nothing was more important then making money Grant Schneider . We were well off and I appreciated it but as I became an adult I saw how warped his values were. I decided way before my children were born that I would never let work over shadow family. I've invested well and my children are fantastic proof to that statement.

Jun 03, 2019 01:43 PM #17
Ambassador
3,844,244
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Grant- what an excellent post!  We don't realize it but we all waste a lot of time doing things that may not be the best investment in our time. Just cleaning out my email box can be that which is why I try to do it when there's nothing else that I could do. 

Jun 03, 2019 06:08 PM #18
Rainmaker
1,900,588
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Will - yes but unlike money it can't be replaced.

Michael - yes, it is always in flux.  The chart guides us to utilize time wisely.

Marte - absolutely.  I agree with that.

Ron and Alexandra - that work life balance is absolutely essential.

Sheri - we really need to hold those time stealers at bay.

Bob - I think that those who grew up in the depression had a very very strong desire to never again be without money.

Kathy - we just can't get away from those time wasters.

Jun 03, 2019 08:08 PM #19
Rainer
514,981
Sham Reddy CRS
H E R Realty, Dayton, OH - Dayton, OH
CRS

Great advice!

Allocate your time in a way that will contribute to the achievement of your goals and mirror your values in life. Invest your time wisely and you will reap significant rewards in your life.

Jun 04, 2019 03:53 AM #20
Rainmaker
619,624
Carla Freund
Keller Williams Preferred Realty - Raleigh, NC
Raleigh - Cary Triangle Real Estate 919-602-8489

Thank you for this additional tool! Have an amazing week!

Jun 04, 2019 07:32 AM #21
Rainmaker
1,900,588
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Sham - like everything investing time pays dividends.

Carla  - glad you like it.

Jun 04, 2019 08:46 AM #22
Rainmaker
4,068,464
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, great thoughts today, and we definitely must invest time in our business to ensure ongoing transactions.

Jun 04, 2019 09:57 AM #23
Ambassador
3,784,482
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Grant time is worth much more than money, but yet we do not treat it that way.  If we did we would be a lot more productive.

Jun 04, 2019 11:13 AM #24
Rainmaker
1,496,282
Beth Atalay
Cam Realty and Property Management - Clermont, FL
Cam Realty of Clermont FL

Hi Grant Schneider, whatever our hourly rate equates to based on our income, we're giving away that much money when time is wasted.

Jun 04, 2019 04:13 PM #25
Rainer
4,727
Ian Ruzow
Oak Tree Development Group - Lancaster, PA
Ian Ruzow is principal and co-founder of Oak Tree

thanks for sharing!

Jun 05, 2019 04:13 AM #26
Rainmaker
373,112
M.C. Dwyer
Century 21 Showcase REALTORs - Felton, CA
Santa Cruz Mountains Property Specialist

Interestingly, we all get refreshed with the same amount of new time each day.     Thanks for illustrating one way to look at time with the   " urgent / important " quadrant.   

I have a much different sense of what I want to accomplish with my time after surviving cancer.     To really up the ante, consider what you would do with your time if this was your last day / week....

Jun 05, 2019 07:51 AM #27
Ambassador
3,969,047
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Grant:

I really like this analogy - it makes so much sense! And that graphic is a helpful way to think about what we need to do, and to also realize how we likely are wasting time on things that are not important. Bookmarked. 

Jeff

Jun 05, 2019 08:01 AM #28
Rainmaker
166,260
John Henry
John Henry Masterworks Design International, Inc. - Orlando, FL
Residential Architect, Luxury Custom Home Design

Hello Grant, you have hit upon the most important aspect of our lives: TIME MANAGEMENT.  I like how you distinguish investing and spending time.  Hits the button.  I used to push this idea aside, then 15 years went by~~~~!!!!!  acckkk!!

Thank you very much.

 

Jun 05, 2019 09:44 AM #29
Rainmaker
511,699
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I think about this more and more as I get older.  I limit my ..lounging on the sofa and watching TV time to the later evening and try to spend more time outside now that the weather is nice--till it gets too hot!

Jun 05, 2019 09:55 AM #30
Rainmaker
1,900,588
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Joan - we must invest.  It is not unlimited

George - and unlike money it is limited.

Beth - that is an excellent point.  Monetize it.

Ian - thank you.

M. C. - thank is a very important way to consider it.

Jeff - thanks for bookmarking it.

John - and unfortunately you can't get the 15 years back.

Mary - you know, we do think about it more as we get older.

Jun 05, 2019 01:02 PM #31
Rainmaker
743,321
Jane Chaulklin-Schott
TEAMCONNECT REALTY - (407) 394-9766 - Orlando, FL
TeamConnect Luxury Homes - Orlando, Florida, 32836

Grant Schneider, after reading today's post, I must make certain not to miss your posts.  Fantastic info and advice - TIME MANAGEMENT ` - How Much Time is in your Wallet?!? 

Jun 12, 2019 03:19 PM #32
Rainmaker
870,553
Elyse Berman, PA
Best Connections Realty, Inc. - Boca Raton, FL
Boca Raton FL (561) 716-7824 CRS, ABR, GRI,ePR

Good morning Grant Schneider .  This is great advice.  Once time is gone, it can never be gotten back.  It's easy to get off track with all the disruptions we have today.  I like the idea of your 4 quadrants.

Jun 13, 2019 03:36 AM #33
Rainmaker
210,832
Renae Bolton
Marketing 4 Realtors - Garfield Heights, OH
I'm your Professional Real Estate Marketing VA!

I started using that box method to categorize and prioritize my tasks a few years ago. It did wonders for my productivity and organization!

Jun 13, 2019 11:59 AM #34
Rainmaker
4,068,464
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Grant, I start every day with my list of things to do, most important on top.  It works! 

Jul 12, 2019 10:37 AM #35
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