Do you want to become more effective? Do you want to use your time effectively?
I’d like to give you just one key principle on how to use time effectively. I believe that using this principle can make a big difference in your life.
The principle is opportunity cost.
You see, it’s easy to assume that time is a renewable resource. You might think that there is still tomorrow to do what you are supposed to do. But the fact is, time is not a renewable resource. Once it’s gone, it’s gone forever.
So how can we better appreciate the value of time?
Well, I believe that thinking in terms of opportunity cost is a good answer. It’s based on the fact that when you use your time for something, you miss the opportunity to use it for something else. The value of that “something else” is the cost that you have to pay.
With this concept in mind, it’s simple to see whether you use your time effectively. You use your time effectively when the value of what you do is greater…
This is only a snippet of a Self Improvement article written by Donald Latumahina
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