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We all waste a lot of time. It’s hard not to -- we work too hard, we’re tired, and sometimes our minds wander and we get distracted.
But, according to powerful figures like Bill Gates and Warren Buffett, the secret to success is to channel our energy toward the most productive past times and hobbies and stopping activities “with low returns” – the more time we waste, the less time we have for what really matters.
As Warren Buffett famously said, "It's the
only thing you can't buy. I mean, I can buy anything I want, basically, but I
can't buy time."
A 2009
study from the University of Adelaide's School of Psychology
found that people are "far less willing to keep many options open"
when some have bigger rewards than others. And that’s an important
message. Look at Bill Gates and Warren Buffett – they have learned to give up
some activities to focus on the ones that are more rewarding.
"I stopped listening to music and watching
TV in my 20s. It sounds extreme, but I did it because I thought they would just
distract me from thinking about software," the billionaire wrote in a blog
post.
Buffett does not like distractions either, in fact, he
doesn’t even have a computer in his office! By using a flip phone, he limits
internet distractions. We don’t’ quite want to go THERE though…
Ultimately it’s not about being all work and no
play, being productive can be fun, it just shouldn’t waste time or distract
from your goals. For example Buffett likes to play bridge. "It's got to
be the best intellectual exercise out there," he claims. "You're
seeing new situations every ten minutes. Bridge is about weighing gain-loss
ratios. You're doing calculations all the time."
In the end, it’s all about moderation and
knowing that the more time you spend on what doesn’t matter, the less time you
will have for what does. Plan accordingly.
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