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Why Your Time is Just as Important as a Billionaire's

Posted on Saturday, October 10, 2015 at 10:22PM by Registered CommenterLon Langston | Comments Off

This morning I had the opportunity to talk to a class of MBA students. I am the Executive in Residence at the College of Business at Clayton State University. A part of that gig is guest lecturing in business classes. My talk this morning was about innovative thinking, but that’s a subject for a future post.

After my talk, several of the students thanked me for my time. I was impressed. These are not undergraduate kids; they are masters students. They are adults, with jobs. And still, I was impressed, because most people, kids and adults alike, do not value time.

My time is important to me, so I appreciate that the students thanked me for it. I also hope they realize that their time is as important to them as mine is to me. In fact, their time is as important to them as Tim Cook’s is to him (CEO of Apple) or as Larry Page’s is to him (CEO of Google’s parent company, Alphabet).

None of us, no matter how rich or powerful, has control over the number of minutes we spend on this earth. It is true that people who have certain beliefs and behaviors live longer, still, any one of us could get killed by a falling meteorite (or whatever), at any moment. And besides, life expectancy numbers are just averages. Your results may vary.

Compare time to money. Thomas P. Murphy said, “Minutes are worth more than money. Spend them wisely.” The vast majority of billionaires are self-made. So, in one lifetime, they went from little money to staggering wealth. They had an exponential increase in net worth. No matter how well you or I eat, exercise and live, we cannot create an exponential increase in life expectancy. We cannot increase our age at death from 78 years to 7800 years. Time is much more valuable than money.