It is a poor mindset(literally) when you relate how expensive something should be based

on time. Learning a valuable skill from someone who's worth $500/hr doesn't cost you $500/hr,
it either allows you to become worth a certain % of that value, or to free your time to make up
that value by doing things you're good at.
Time is more valuable than money. ... But, they don't look at their time the same way,
and end up wasting this incredibly valuable resource. In fact, time is much more valuable than
money because you can use your time to make money, but you can't use money to purchase
more time.
“Time is money” is a much easier way to explain the concept of Opportunity cost —
because time is money! It means time is a valuable resource (because our time in this world is
finite), so it's better to do things as quickly as possible.
In the Philippines, it's called “Filipino time.” Filipino time means being minutes to hours
late compared to the standard time. It's like having our own clock, albeit aware that the right
time is the World Standard Time. In our defense, not all Filipinos are usually late.
Importance and value of time
Time once past cannot be brought back by any means and it is important to understand the
value of time. Time is money. There goes a proverb , “Time and tide wait for none“.
Time is invaluable. In-fact, time is more valuable than money. Time is very valuable
partly for the reason that we are all only allotted a certain amount of time in our lives, and so we
need to make sure that we use it wisely. Nothing can stop the flow of time. Time once past
cannot be brought back by any means.
However, some people do not realize the value of time and spend it unwisely. Instead of
focusing on important tasks at hand, they waste their time, thinking that they would make up the
loss in the future. They should realize that many of the future troubles can be avoided by taking
prompt action in a timely manner. The famous proverb, “a stitch in time saves nine“, also
highlights the importance of sorting out problem at early stage.
Importance of Time-management for success: Time-management always remains
the critical success factor. If anybody wastes his childhood, he will not be able to acquire and
build up character in future and will suffer all consequences. Similarly, if a student neglects his
studies from day-to-day, no amount of hard labor before the examination will get him through.
Time-management is a good habit and lays the foundation of a success in future.
Punctuality and Timeliness: A person who understands the importance of time
practices punctuality in life. A punctual person, who uses his time cautiously, becomes
successful in life. If we look around we will see that the successful people in all spheres of life
made proper use of every moment of their time. The most prosperous nations too are those that
do not waste any moment.
A person who is not punctual finds it difficult to finish his own duties. If he is not able to
perform his duties, then it may incurs the displeasure of others. In the military field delay by a
few minutes may change the destiny of a nation.
Courtesy: Being on time, and being aware of what time it is, ensures that we will not
turn up late for our appointments. This is very important if we want to treat other people with
politeness and respect. Their time is valuable, just like ours is, and we should not cause them to
waste it.
Future is unseen: It is true that nobody can accurately forecast the future. There are
many things that are beyond the control of human-beings. The economy and financial situation
of countries are fast changing.
Though the future is unseen, man can work hard today to increase the probability of a
better future. People should use their time properly. We should try our best to avoid the habit of
indolence and begin to do our jobs in time. It will surely brighten our future.
Value of time during emergency situations: The weather condition always remains uncertain.
There remains the risk of natural calamities. To tackle the situation of natural calamities, the
government and other organizations are coming up with “Disaster Management and Recovery
Plans”. During the times of emergency, the disaster recovery teams are expected to act fast
without wasting a single minute.
Money Value of Time
The “money value of time” means how much money we can make in a given
time. Alternatively, it can mean the subjective monetary value that we place on our time.
These two things may not be equivalent. The money value of time can be set by an
employer. Or, it can be set by another individual.
There is a common proverb used to express this idea. It is: time is money.

Reasons Why Time Has a Monetary Value.

1. We would often exchange money to get more time.
2. We often exchange our time for money (e.g. when we are at work).
3. The more efficiently we work, the more money we can make.
 4. Interest on our savings will only accrue over time.
5. On the stock market, shares can rise or fall in value in very short spaces of time.
6. Many jobs are paid per hour or per year, thus assigning a clear monetary value to time.
7. When we buy a watch or another timepiece, we may be said to be placing a monetary
value on the ability to tell the time.
Conclusion: It is crucial to do as much good as we can in a lifetime. A person who understands
the importance of time work in an efficient manner. The more efficiently we act, the more time
we will have left over for future projects. If we look all around important events of history, we will
see that all successful people of history made the best use of time. The prosperous people of
the world are very conscious about the value of time. Hence, we should never waste our time
and try to make the best use of it.

Why Filipino Time is Contagious

Filipino Time can also be incredibly contagious, and a simple situation shows how. Let’s say a
head of an organization needs to meet with some of his members regularly at 1:20 pm every
Tuesday. Since the head does not want his time wasted, he would rather let his members get to
the meeting place first and wait for him. Over time, his members know he usually comes late, so
they have no reason to be punctual either. As such, instead of meeting at 1:20 pm every day,
they usually start their meetings at 1:30 pm already, because everyone has gotten used to being
late.

Filipino Time in Philippine Companies

This lack of punctuality isn’t just exhibited by Filipino people, but it is also exhibited by companies
from one of our biggest industries — the aviation industry. Our two major airlines, Philippine
Airlines and Cebu Pacific, have both been notorious for the high percentage of delayed flights
they have. According to Manila International Airport Authority (MIAA) General Manager Jose
Angel Honrado, the month of January 2015 had a staggering 103 delayed flights in a day on
average. There doesn’t seem to be any action being done to reverse this lack of punctuality by
airlines either, and these are circumstances we have come to tolerate whenever we have to fly
on local airlines.- by Brian Tan

What is the advantages of time management?

Good time management allows you to accomplish more in a shorter period of time, which leads
to more free time, which lets you take advantage of learning opportunities, lowers your stress,
and helps you focus, which leads to more career success. Each benefit of time management
improves another aspect of your life.

Life Benefits of Time Management:

Time management is nothing but a process to manage the time effectively with accordance to
your work. It does not require great effort but a proper planning.
Some of the top benefits of time management process are,
 Low stress
 More productivity
 Lesser rework
 Less friction and issues
 More free time
 No wasting of time
 Great opportunities
 Allot your time in other things
 Low effort
 Gain reputation
Common Time Management Mistakes:
Time mangement if done in a proper manner can turn out to be very useful. But if you are not
able to do it rightly then it can effect your whole planning and work.
Some of the top time management mistakes are,
 Not having a To-Do List
 Taking Too Much
 Being very “Busy”
 No Personal Goals
 Procrastination
 Multitasking
 Failing to handle Distractions
 No Breaks in between
 Ineffective task Scheduling
 Not Prioritizing

Importance of Time Management in Students Life:

Time management is important not only for professionals but also for every one. Even students
need to know how to manage their time to use it effectively.
Some of the reasons why time management is important for students are,
 Help them develop responsibility
 Can lead to effective learning
 Helps in management of money
 Good efficiency gains
 Makes you ready for the world outside.

Causes for Poor Time Management:

The best thing that you can acquire with proper time management is efficiency. The time
management process is mainly based on 3 principles. They are
 Being proactive
 Begin with the end in mind
 Execute your priorities
The major causes for poor time managing process,
 Absentmindedness
 Failing to focus on priorities
 Ineffective delegation
 Lower energy depression
 Being reactive rather proactive
 Communicate with oither without a vision/plan
 Procrastination
 Disorganization

Advantages or Benefits of Time Management:

The time management activity is not that which requires extra skills. The only need is of some
knowledge as how to and be dedicated to implementing a schedule. And it’s even more
essential to balance day to day activities for better result and even success.

The implemented change never being an easy task, it becomes little more persistent when you
understand the benefits. It will bring you a positive response.
The benefit of time management is not just important for development of the career. It has
significant impact on one’s personal life. A wise scheduling decision is involved and leads to
self-discipline as there are many advantages of punctuality.

1. Reduction in stress level:

The reduction in stress level is main content of time management. If you follow time
management properly then you will get better result. Even you can relax yourself while enjoying
your work. Stress leads to spoiling of work schedule and disturbed work schedule can never
provide best results. The result will come undoubtedly but no one can say it will be best or
worst.

2. Provides focus on the task:

The time management skills initially provides relief from stress and later helps you in focusing
your target and performance in the task. A focused person becomes successful in less time as
compared to those who do more struggle for getting their target in life. The people always desire
to have successful and enjoyable life and that can be obtained by keeping a focused view about
everything and every step.

3. Decrease procrastination:
There is much duration in life and it also brings fluctuation. The particular point in adopting time
management is the ability to predict the results and control the situations. Managing time isn’t
something that requires extra skills, the only need is to have some knowledge about how to and
be dedicated to implement it within your day to day activities.

4. Gain self-confidence:
Self-confidence plays a vital role in human life and self-confident people always have better life
than dependent persons. The feel usually comes when you plan your work properly and take
decisions on time for betterment. “Time management never takes your time, rather provides you
extra time.” A person can do anything with confidence and self trust leads a human being to the
next level.

5. A way to the goal:

Everybody has a desire to achieve his/her goal in life and dream to get a relaxing future after
attaining target. Managing time allots you time where it has the most impact. Time management
system allows every human to spend time on the things that matter most to them. In this
process, time management has a positive aspect to perform and people consider the scheduling
a better option.

6. Challenge your productivity:

The capacity of everybody is similar just only habits differentiate in results. The people who
score 100 out of 100 are also human not robots, the thing is that they follow their dreams. The
condition turns turtle with your determination when you are planning for your next meeting as all
the tasks are listed in to-do list. You can use priorities while setting up the task execution
sequence.

Productivity is a challenge to face, as the process of productivity puts human being on the
heels. It’s a race which has to be won by all not by any single. In short, it is a great thing to
adopt but also demands the capacity to handle the pressure.
7. Have an instinct for achievement:
Achievement of a task is different whereas bang a series of success is totally different task. A
series of success falls in our kitty only then, when we make our efforts in a predefined way.
Discipline and self-improvement are mandatory.

The communication tools available in variety support, synchronous as fixing meeting time in
form of web conferencing and asynchronous with no fixed time to contribute as discussion
board in form of interaction. The achievement comes with hardworking and dedicated behavior.
Everyone has to adopt time management if they desire to have the taste of success.

8. Time to relax and do recreational activities:

Recreation in this era of rush is a blessing and everybody wants it but only few can grab it.
Never miss any event. No need to worry about missing events as workday is scheduled with
reminders and alerts for urgent events. The blessed ones are those who do work on time and
adopt a time table in their life to do day-to-day chaos.

The relaxed life gives motivation to human being and put them on the way of success. The
recreational activities also give family life a boost. People feel more connected to their families.
The one and the only thing to keep in mind is relations need time and love to boom.

9. Financial Soundness:
The success brings financial benefits with itself. A human is always financially sound if he/ she
have planned his/ her life properly and they maintain a time table of their personal and
professional life.

The lifelong learning experience promotes the empowerment of individuals with the knowledge.
They can research and find information. The interpretation in it with sharing provides students
opportunities to get network connectivity. A global community of interesting people.

10. Become Healthy:

The health is a blessing for human and it can be achieved by proper maintenance. Time
management is also helpful in making human life healthy; as if a person will adopt scheduling in
his life then he will definitely save sometime for doing exercise and other health related works.
So, he/ she will become healthy definitely. Once you have decided to plan your time, you have
to discipline yourself and work on self-improvement with health as a key factor.
Disadvantages of Time Management:
The first fall, while you are managing your time, is one area of your life which leaves an impact
on the other areas. To avoid any compromising situation just understand that learning about
time management theory is mainly implementing a change in lifestyle. In other words, there is a
need for coherent values adoption for effective time management.

It can be pretty hard for someone who doesn’t embrace punctuality and value time. There are
very few downsides to time management. The main disadvantages of management is that more
consumption of time in making up plans is taken. It can make human life mechanical too.

1. Non-clear Objectives:
The productive behavior is definitely one of the main goals in time management. Sometimes, it
leads to non-clear objectives which usually struck people for worse. An unaware person doesn’t
know what to do? If you are not being able to do better management of workload, you will get
more struck in non-done tasks in no time.

2. Mismanagement:
Organized results to less rework and mistakes but excess organizing craze leaves a person in
blunder. The items, details, and instructions are if forgotten then leads to extra work and a
blame of mismanagement. A person has to do a task more times if he forgets something. It will
lead to fatigue and it happens because of predictive behavior.

3. Can’t say “no”:

You might have forgotten an appointment, or missed deadline and all happened because of
working on others task as saying ‘no’ will be tough for you. Such crazy situations incline life
friction. You can avoid creating such problems by planning and preparing exactly. No body can
create more time but it can be used in better way by managing time undoubtedly. It’s always
better to keep back because people simply can’t say no to anyone.

4. Obstacles:
Simple actions like shifting commute or getting a work done early, produce more issues in life.
The time management leads you towards an obstacle. When you know what you need to do,
you hate wasting time in idle activities and that leads to disputes and disturbances. Instead of
thinking what to do next, concentrate on steps ahead of work, as anything can go wrong. The
people face many problems due to it.

5. Inactivity:
The common misconception makes time management an extra effort. To the contrary, proper
time management makes a human life easier and inactive. If things are asking for less effort
than the usual time, then the consumption of time leads to dullness.

Manage time for improving life, as time management is all about spending time in right places,
and on the right things but sometime the obsession for doing right makes your life stagnant.

6. Load of different works at one time:

When you work according to time management, then sometimes in over confidence you take
too many tasks in hand. That particular condition leaves you in total blunder. The people keep
too much expectations from you just because of your flaunting behavior and at last you feel a
load of work on your shoulders. And such confusion creates a mismanagement situation.
7. Fatigue and stress become part of life:
Fatigue and stress is common problem that leads you to a tired phase. The tiredness leads a
human being to irritate and fed up of life. They also feel demoralized because they again and
again think about their unsuccessful attempt of adopting time management in their life. They
consider their unsuccessful attempt as halt in their way and leave interest in all things.

Majority of people make themselves prone to diseases. The proper planning is not a cup of tea
of all. The first and last thing only adopts those skills which give you relaxation from hardships of
hectic life instead of putting you deeper.

8. No time for recreation:

Recreation vanishes from those people’s life, who get involved in time management more than
their personal skills. They waste most of their time in doing planning instead of taking action.

Intellectuals usually define, action speaks louder than words. And those people can never
become successful who spend their money and time in planning. Recreation has become a
need of today’s life. If someone is not doing it then life of these people becomes a burden on
them and they led their life in stagnant way.

All in all, time management methods can directly reduce a level of stress. The process will help
to get fewer surprises, less tight deadlines and some rushing events from task-to-task and
place-to-place.

Being productive can be a goal orientation for one and it can be done by adopting time
management. It provides aware of what is needed to do with ability to better manage workload.
It makes a human being organized and predicted results can be achieved with less rework and
mistakes. Time can’t be increased but can be managed.

Time management makes human successful and they can enjoy their life easily. Most of the
successful people define that the schedule making process undoubtedly leads to professional
even as personal success.