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.”
Ira Glass Time Management Technique
This American Life‘s Ira Glass talks with Lifehacker about how he works. When asked what his best time-saving shortcut or life hack was, he responded:
I’ve got nothing. Reading other people’s answers to this question on your website today made me realize I live my life like an ape. I eat the same breakfast and lunch everyday, both at my desk. I employ no time-saving tricks at all.
Though come to think of it, I guess my biggest life hack—and this is the very first time I’ve attempted to use the phrase “life hack” in a sentence—is that my wife and I decided to live just a few blocks from where I work. We did this because of our dog. Since I spend at least an hour every night walking the dog, I didn’t want to spend another 60 or 90 minutes a day commuting. I don’t have the time. Like lots of people, I work long hours.