03 June, 2018

How to Invest our time wisely

There is a saying “The person you’ll be in five years from now, depends on the information you feed your mind today”.

After a long day from work, it is understandable to come up with excuses to remain productive. We are all tired. For those who have their own houses or families, this may mean less time after clearing of chores and taking care of kids. Yet, hardly do we find excuses to resist the indulgence of leisure such as gaming or TV shows? It is poor usage of time if our entire spare time are spent on entertainment.

I came across a post on Investorsthink's Instagram as shown below, on how we could less waste our time. Most of the points are pretty obvious yet largely unnoticed or taken lightly.
It will be nice to share and add on my own suggestions.
They say good things must share.

1. Replace TV shows with educational videos
There are many different lessons to be learnt from the Web even on Youtube. The topics range from housing, cooking, finance, travel, fitness and many more. Choosing a suitable topic will be highly dependent on what interests us that will bring value to our lives.

One example of useful sites under investing will be BuffetsBooks.com, with educational videos lined up to teach new investors how to work their money.

2. Read more
As mentioned above, we should at least read 30 minutes daily. These must come in useful information such as blogs, news, articles and books.
Reading manga and comics are not included.

3. Replace music with Podcasts
This is the most useful point among the 4 to myself. We can actually learn during our commute to school or work.
Instead of listening to music and looking up on social media, should it be more productive to listen to global news or podcasts?

My personal favorite business podcasts are Staking Benjamins and Radical Personal Finance.
The Staking Benjamins show is highly recommended given their relaxed and light-hearted tone.
Here is a good list from The College Investor on other investing podcasts that may interest you:

  • The College Investor Audio Show
  • So Money
  • Stacking Benjamins
  • Bigger Pockets Podcast
  • Radical Personal Finance
    (more on their site)

  • I am using the free application Business Podcast 2.0 to listen to these podcasts and it is pretty decent.

    4. Plan your day the night before (Time Management)
    What this is supposed to mean is, plan your events ahead to optimize our time being productive.
    With planning, we avoid taking wasteful breaks that were too long that later leaves us with insufficient time.
    It is the same when we travel overseas, we tend to waste more time and money with last minute plans. When time are lost, we may then need to pay a higher price to get back on track (such as taking expensive express transport).


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