Time: An Important Asset to Factor Into Your Financial Plan

Time is an asset.

When I look at time and how it runs so effortlessly, I look at something that I need to try to capture and slow down. Time is something that many financial experts do not factor into your life when talking about your plan.

Now, lest I be misunderstood, I am not talking about time for your investments to grow or time to work through your 9 Moves. Rather, I am talking about something more important than those two things: time with your family.

Some of your are probably ready to close your laptops and say “Hey man, I came here to talk about money, not my family” and if that’s your thought, I can tell you first hand that you’re doing it wrong.

People talk about hustle and grind and working 80 hours per week; meanwhile their home life is burning down. I recognize that people don’t have a choice sometimes. It’s either work 80 hours/week or starve, but there are many, many people who are committed to their job first and their family second.

Some experts even tell you to work all these hours to get out of debt faster because it’ll be “worth it” in the long run. Friends, I have a two year old daughter and I know she will only be two for one year. I am not going to work every hour she is awake in the name of her future. I know that without me being there, statistically, her future is less bright.

What do you think is more important? Knocking out your plan one year early, or spending time with your wife and kids while being able to be emotionally and physically present?

I will take the latter, every time.

This is a tough subject for people, though. They want to be intense and get through their debt or their savings goal but let me tell you, if kids are neglected or if your wife/husband is neglected, that money you worked so hard to accumulate will go nowhere.

Balance, my friends. That is what we need to strive to obtain. I work a lot of OT; sometimes over 520 hours/year (10 hours per week). Some weeks it’s 20, others it’s 5. I make sure, though, to come home early at least one day per week and make time with my daughter and wife.

Again, I understand not everyone has the opportunity but if you can do it and it only knocks your plan out a few months to one year: Why wouldn’t you do it?

It’s time you’ll never get back. Use your asset wisely.

My goal for this post is not to shame anyone about how they are spending their time; rather, I want you to evaluate your time and find a proper balance. Once you’ve obtained balance, you will find peace.

Does it take some extra time to check off Moves? Sometimes. But spending your asset of time wisely is something you will never regret.