Warren Buffett once said on time management, “The rich invest in time; the poor invest in money.”
Buffett is currently the fourth richest men in the world. He can buy practically anything he wants to, and more than nearly everyone else could ever dream of.
Nevertheless there’s one thing that even Warren Buffett cannot buy, and that is time.
Here’s a brief transcript from a Charlie Rose interview:
Warren Buffett: I mean I can buy anything I want basically, but I can’t buy time.
Charlie Rose: And so to have time is the most precious thing you can have?
Warren Buffett: Yes, I better be careful with it. There is no way I will be able to buy more time.
Charlie Rose: And living in Omaha makes that easy?
Warren Buffett: That makes it a lot easier. I, for 50 whatever, well for 54 years I spent five minutes going each way now. Just imagine that was a half an hour each way. You know. I know the words to a lot more songs and that’s about it.
Charlie Rose: It adds up. Doesn’t it?
Warren Buffett: It really adds up. Now if you’re doing an hour a day difference coming and going that’s two and a half percent of the person’s work week. That means 40 years you’re talking about a year.
An undisciplined mind will find every reason to do what should not be done and every excuse not to do what should be done. Warren Buffett once said, “The difference between successful people and very successful people is that very successful people say ‘no’ to almost everything.”