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February 14, 2022

Time is money. But do you really treat it that way?

No matter how much value you acctually attach to it, time is your most precious commodity. But you've been depleting your time account from the day you were born, largely because we tend to overlook many of the things that suck it out of us like a shop vac.

AdTalk about a non-renewable resource.

Although some of us may live longer than others, we can’t stretch time beyond our mortality, says A. Dawn, who blogs thoughtfully on a few different sites. So, you better make sure you're getting your money's worth.

“Think of time as your bank account where you have 876,000 units (or more or less depending on how long you live) deposited for you only once. There is no way you will be able to deposit more units or manipulate your account to inflate your units.”

By the way, here's his generous equation for your time available: 100 years X 365 days = 36,500 days X 24 hours = 876,000 hours ... not all that much when you look at things this way.

Unfortunately, most of us take this valuable resource for granted and keep wasting it until the day we have nothing left.

How so? By driving around in circles to save a few bucks, standing in long lines to get free stuff, or squandering endless hours buying and then returning merchandise, he argues.

Or maybe you're guilty of one of the time wasters on this long list?

How about you? Do you really try to value your time? Are you using it to maximum advantage? Where do you fall down?

By Gordon Powers, MSN Money



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Gordon PowersGordon Powers

A long-time fund company executive, Gordon Powers now heads up the Affinity Group, a financial services consulting firm. Gordon was a personal finance columnist for the Globe & Mail for many years, has taught retirement planning...

Jason BucklandJason Buckland

The modern-day MC Hammer of money, Jason can often be seen spending cash that isn’t his with the efficiency of a Wilt Chamberlain first date. After cutting his teeth as a reporter for the Toronto Sun, he joined the MSN Money team with...