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Spare time for building money line

(2015-07-24 10:50:38) 下一個

Spare time: exchange happiness for money

(2015-07-25 01:38:36)[編輯][刪除]
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Spare time: exchange happiness for money

[轉載]How Successful People Use Their Spare Time

已有 724 次閱讀 2015-7-22 20:42 |個人分類:生活點滴|係統分類:海外觀察

(For new reader and those who request 好友, please read my 公告 first)

How Successful People Use Their Spare Time

By Mark Ford, founder, The Palm    Beach Research Group

Wednesday, July 22, 2015


 

Jack  and Jill live in the same apartment building and work in the same office.  They

 both wake up at 7 a.m., shower, have breakfast, and get to work by 8  a.m. It is

at this point that their habits diverge.

 From 8 a.m. until 9 a.m. (when the rest of the workers come into the office),  Jill

plans her day and gets to work on a job that is important to her  long-term goals.

 Jack likes to get into work an hour earlier, too, but he prefers to spend the  time

"relaxing into his day" with a cup of coffee and the morning  newspaper.

Jack sees Jill working away and feels sorry for her.

 "We both get credit for getting into work early," he thinks,  "but she has

exchanged happiness for money."

 In his opinion, that makes Jill greedy, foolish, and, ultimately, self-centered…  

 David Niven, a college professor and author of the book, the
100 Simple

Secrets of Successful  People, would half-agree.

 "Yes, Jill is acting out of self-interest," he'd say, "but so  is Jack"…


 Both of them choose to do what they do with their spare time because they  

believe they benefit from it. Jack doesn't like work. Thus, he doesn't want to  

work more than he has to.

 But since he has to work from 9 a.m. to 5 p.m., he figures he might as well  

do a good job during that time. And he does.

 Jill does like to work. And although she doesn't enjoy every single aspect of  

it, she especially enjoys the hour between 8 a.m. and 9 a.m. That's when she 

 plans her day, figures out what she can accomplish, and gets some work

done  on a project that she knows will change her life for the better.

 By 9 o'clock, Jack feels relaxed, but just a little bit sad. In a few  minutes,

the office will be teeming with activity, his inbox will be  overflowing with work,

and the phone will be ringing off its stand.

 Jill actually feels better than she did at 8 o'clock.

 In their use of spare time, Jill is an investor, while Jack is a spender.

 As an investor, Jill works from 8 a.m. to 9 a.m. because it gives her  dividends.

On a short-term basis, she is rewarded by knowing that her day is  set, her inbox

is organized, and she has already done something she cares  about.

 On a medium-term basis, she benefits by enjoying a more orderly day.

And on a  long-term basis, the work she puts in now will provide her with all

sorts of  rewards in the future – higher pay, better work, more responsibility, etc.

 As a spender, Jack is not willing to work that extra hour every morning. He  

would rather use it to "buy" some time that will give him instant  gratification.

Generally speaking, value compounds over time. This is true of  money,

knowledge, and work. 



 Invest 1,000inthestockmarkettoday,andyoucanbeprettysureitwillbeworthabout  2,000 in about eight years (assuming the stock market grows  at its historic 9% rate). The same principle

holds true with work.

 Every hour that you put in today will be worth many times that amount later  on.

The rewards can be extraordinary if you think of them in terms of money.



 Let's say Jack and Jill are both earning 20,000peryearrightnow.Byputtinginanextrahourperdayforafullyear,Jillcanexpecttogetsalaryincreasesthatare,perhaps,20  1,000 raise, hers would be 1,200.Thatmaynotseemlikemuchduringthefirstyear,butbythethirdyear,Jillwillhavejumpeduptoanewlevelamanagementpositionwithasalaryof  40,000.

 If she continues to put in that extra hour per day, she will eventually be  running the business, pulling down 175,000peryear.Meanwhile,thoughJackhasbeenenjoyinghisearlymorninghours,hewillhavehadaveryslowcareerarc.Withanyluck,he  llbeearningabout  55,000 per year as a  junior manager.

 During the 20 years of their respective careers, Jill will have earned a lot  

more money and lived much better in terms of material goods. But Jack does  

not regret his choice.

 After all, he figures that he has enjoyed an hour per day of pleasure – five  

hours per week, 260 hours per year, for 20 years – that Jill gave up. That's  5,000

hours of "fun" that Jill didn't have.

 But now, Jack and Jill are 48, and Jill doesn't have to work anymore. She was  able

to retire with $4 million in the bank. But Jack is forced to continue  working.

 With two kids in college, a mortgage, and so on, he couldn't retire even if  he

wanted to. Every 40-hour week that Jack now works is 40 hours that Jill  can spend

enjoying herself.

 It will take Jill just 120 weeks, less than two and a half years, to catch up  with Jack in terms of the amount of time he spent on personal pleasure all  those years between the hours of 8 and 9 in

the morning.

 And Jill will not only be much richer and freer than Jack, she'll also be  able to

continue enjoying herself… an extra 2,000 hours per year. That is how  successful

people use their spare time.

 Regards,

 Mark Ford

 

Mark  is one of the country's foremost experts on wealth building. He's a serial  

entrepreneur and New York Times best-selling author who has built  hundreds of

businesses... and a huge personal fortune.

 

Note added by the Blogger: I’ll summarize this article by one

sentence: “Use your spare time productively AND enjoyably” 

 which is an advice I practice myself  throughout my life time.

Note I said productively AND enjoyably. For example: practice in

your mind a speech you are about to give while waiting for your

commuting bus AND anticipating the good responses from the

audience; review your investments AND calculating the income

you will derive from it when you retire; plan how you will bond

with your children at the next family reunion; or as suggested

here in this article using the spare time in the morning to plan

your day

 


http://blog.sciencenet.cn/blog-1565-907383.html  此文來自科學網何毓琦博客,轉載請注明出處。
上一篇:Education of a Control Engineer.
 

 

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該博文允許注冊用戶評論 請點擊登錄 評論 (2 個評論)

Spare <wbr>time: <wbr>exchange <wbr>happiness <wbr>for <wbr>money
[2]zhangdaozhen  2015-7-23 00:22
Thanks a lot! I'll try.
Spare <wbr>time: <wbr>exchange <wbr>happiness <wbr>for <wbr>money
[1]zhangdaozhen  2015-7-23 00:05
During the holidays, most of my time reading and watching the article, find historical documents. Harvard University Library of e-books. I have often consult.
博主回複(2015-7-23 00:16)Good for you. But do it also for non-holiday times.
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