 How Do You Invest Time? Money Educational Contest, Minimum 150 words |
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Replies(1 - 9)
| qwertymugg |
 Aug 21 2007, 01:08 PM
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Active Money Maker
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Time, can be considered a finite resource, since we always grumble that there are too many things to do but too little time. Even the world's richest man, bill gates, that has and can have anything in the world faces the problem of the scarcity of time. Since to everyone, there is only 24 hours a day, 7 days a week, 4 weeks in a month and 12 months in a year. As such, there is a need to fully maximize each second of your time, and hence the reason for investing time. We invest time in things that can help us do more with the limited amount of time. We invest time by firstly learning on what to invest on, how to do more with our time, and for purposeful activities.
First and foremost, we invest time on things that help us to know what to invest time on. This may sound ironic, but this statement holds true. Just think of it, people coming to DreamTeamMoney are investing their time and effort so that they know what are the good products and stuff they can invest their future time on. We invest our time on guidebooks, magazines that tell us what niche market should we enter, what type of business makes the most profits. In fact, it is the most common way in which people invest their time on.
Secondly, we invest time so that we can do more with our time in the future. As said in the opening paragraph, time is a limited resource; once it is gone it can never be brought back. Hence, if the little time we spend on improving yourselves and help to make us be more efficient, the time is well spent. Studying is a great example. We study when we are young so that in the future we can make each second count, and fully utilize the limited time that is given to us by finding more effective and efficient ways of completing the same task. Hence, by invest time so that we can do more with it makes it more valuable and you might be able to get more 'time' in the sense that more tasks can be completed within a certain time frame when the relevant knowledge is acquired.
One of the others ways to invest time is that we should always be doing things with a purpose in mind or finding a purpose in the things we are doing. Be it in whatever we do, we must have a reason in doing it. This allows us to forego the initial pleasures and to look at the big picture-delayed gratification. It allows us to look at our situation in a whole new perspective and become more positive. Let me share with you the correct definition of success: success is a day to day progressive realization of your personal, pre-planned, worthwhile goals. To have success, you first must have a goal, and hence a goal is a purpose, which activates our reticular activating system, it gives direction in our life! In fact, in life, the people that succeed are the people that set goals for themselves. The most important reason why people fail is because they didn’t set goals for themselves. Hence it would make sense to spend a little bit of your time finding out your purpose, your goals!
Here are some ways in which time can be invested. I believe that this has been very helpful to all of you and hope that you have a enjoyable time reading this as I did writing it! =) (I’m got the first post! YAY! Haha)
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| Kapperisa |
Aug 21 2007, 04:44 PM
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Invest Time in the Process
Crafting a SBIR proposal with the best chance of winning requires achieving excellence in all aspects of the competition process. This requires investment of adequate time on the part of the competition team. Time (for example) to talk to the customer, to understand the proposal evaluation and award selection process, to develop winning strategies and themes, to assemble highly qualified teams, to construct a logical and air-tight work plan, to develop viable commercialization plans, to conduct multiple critical reviews and reworks of proposal drafts, and more.
Many proposals are submitted without the investment of time needed to deliver a high quality, competitive proposal with a good chance of winning. This may be caused by lack of schedule discipline (running out of time), not appreciating the time required to deliver a high quality proposal (frequently true for newcomers), or a conscious decision to limit the time invested. The result of cutting short time investment in a SBIR competition process is usually consistent - a proposal that does not make it over the competition bar.
How much time investment is enough for an excellent competition process and proposal? It depends on the experience and skills of the competition team, and the amount of "spade" work that needs to be done. Some veteran competitors claim to have prepared winning proposals "overnight" with the help of excerpts from previous proposals and other available documents. This is not a recommended approach. Two or three months of elapsed time and 200 hours of actual working time are more typical for Phase 1 competition processes that lead to high quality winning proposals, especially for newcomers to SBIR competition. Phase 2 competitions generally have more demanding time investment requirements.
Is the time investment required to deliver a high quality proposal "affordable"? Obviously, there are limits to time that can be allocated to any specific competition process. But adequate time is usually available if there is a high level of commitment to the effort. For aggressive and successful entrepreneurs, this frequently means investing nights and weekends. The proper question may be: "Is it affordable NOT to invest adequate time in the proposal."
By working "smart," the time required to deliver a high quality proposal with a good probability of winning can be minimized. Examples of "smart" approaches to SBIR competition include working with a highly qualified team, taking advantage of available mentors, and maintaining schedule discipline throughout the competition process.
Invest the time necessary to submit an excellent proposal the first time, so you don. t have to find additional time to prepare a resubmission!!!
Always invest time researching, learning and understand what you want in life,
You can save alot of time in this way.
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| Wrirway |
Aug 21 2007, 05:09 PM
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How to invest time towards a better career
By learning to manage time more effectively and get things done in small chunks you can improve your career while you work.
Everybody feels incredibly busy these days. What with work, commuting and other responsibilities, it may be hard to imagine where a person can find time to spend developing a better career. How can you go about finding enough time to improve your work situation? The first thing is to pay attention to how you actually use your time right now. After all, it is your time. It belongs to you and you are the one who chooses how to spend it. Consider keeping a time log. Write down what you actually do with your time at work, in the commute and at home. Some experts claim that many people waste as much as two hours every day! How much time do you spend watching TV? If it’s more than an hour or two a day, you may be able to improve your career simply by spending less time on the couch.
Career coaches suggest investing five percent of your time in improving your career. If you base this calculation on a forty-hour workweek, that’s just 2 hours a week. Surely you can manage that! Do a little bit every day, and soon you will find that you are developing habits of thinking about what you need to do next. You may want to keep a new time log on your calendar or PDA. Instead of tracking everything you do with your time, track what you are actually doing to improve your career. This will help you notice patterns that may be helpful and allows you to give yourself credit for your work.
Remember that you are doing this for yourself. You are the only one who can change the way you work with your time, and by doing so, with the way you live your life. There are many excellent time management sites on the Internet, which explain how to develop better time management skills. No matter how much good advice you read, however, it won’t do you any good unless you do the work. Don’t worry that the time you are spending is small. As long as you are regular, it will add up. As you find yourself more inspired, you will want to do more.
An important part of the improvement process is learning to prioritize and set your goals. These goals can be both long and short-term, and you need to review them periodically. The way that you do this can fit your personality and style. Some people will want to develop elaborate plans and array them on a spreadsheet. Others will make a list on a legal pad and highlight it with colored markers for different tasks. There is no right way to do this, as long as you DO this. State your short-term goals in positive language. Make sure that these are small enough to help you recognize that you are making progress, and large enough that the progress gives you a feeling of accomplishment. Be realistic about the goals you set for yourself and avoid areas over which you have no control. Chose areas where you can affect the outcome.
It’s important to develop habits of discipline. It’s just as important to develop a habit of celebration when you have achieved a goal. Obviously this doesn’t mean that you tie one on every time you meet a goal. Perhaps it simply means that you buy yourself a little treat or take a walk in the park. If you celebrate your accomplishments, you will find yourself ready to accomplish more.
For example, you decide that you need to take a class. Your short-term goal is to research cost and location for classes you need to take. Bear in mind that there are many ways to go to school these days. Many communities have adult school classes in the evenings. Colleges feature weekend curriculums, and all kinds of classes are offered online. Actually taking the classes will be your long-term goal. Realistically, if you are taking classes, you may spend more than two hours a week on career improvement, so once again you will need to set long and short-term goals to determine how and when you are going to attend class and do the homework. Perhaps you may celebrate by taking yourself to eat on class nights, buying a nice pen or studying in a pleasant environment such as a coffeehouse.
Another aspect of time management involves keeping abreast of schedules that affect advancement. If you work for a bureaucratic organization, you probably have a structured hierarchy of positions through which you must rise. There may be tests and interviews involved in this process. You will want to create a calendar for yourself so that you can track when opportunities for these tests and interviews open and close. There is nothing more frustrating than discovering you have missed a deadline for an advancement possibility by a day or two because you weren’t aware that it was scheduled.
Where ever you work, consider is what you do with your time while you are there. Are you taking full advantage of available training opportunities? You reap double benefit if you are able to improve your job skills as you do your job. Some employers may actually provide you with free training, but don’t expect them to do so automatically. Remember that your employer expects you to make money for the company. Unless you are doing so, the company is not likely to spend money on you.
However, there is no reason you can’t take every opportunity to learn all the skills available to you in your job. For example, if you use a specialized software program in a limited way, such as data entry, you may be able to use the tutorials or help functions built into the program to learn more about what the program is capable of so that you can use it more effectively. Once your employer realizes that you have intelligence and initiative, the company may see you as an asset worthy of investment.
Become familiar with your personal biological timetable. When is your mind sharpest? Is it first thing in the morning? Do the most difficult work at the time when your mind is working best. This is particularly important if you are taking a class and studying while you are working. You may find that it’s much easier to learn at one time of day than at another. If so, do your studying at that optimum time. You’ll get more done in less time, and feel better about it. This keeps your mind fresh and open to learning. Break your work up into chunks that fit here and there in your day. Read a little at lunch, and review your goals and the material you’ve already studied in the evening before bed. Another trick many people find useful is to double up. If you use the Laundromat, take something to study with you. You may also be able to study while you are doing housework or driving by using tapes or CDs. This is a wonderful way to multitask and makes the best use of time.
Ultimately it’s up to you. If you use your creative and analytic skills to evaluate your situation and see what you need to do you can find ways to put time on your side. Good time management skills can help you set and accomplish goals and move toward the career you really want. There’s one more very important thing you need to make time for – remember to celebrate along the way!
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| kenny |
 Aug 24 2007, 01:34 AM
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Senior Money Maker
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HOW TO INVEST YOUR TIME?
Everyone of us has 24 hours per day, no more no less!!
We always hear "Return On Investment"(ROI) in buisness finance, which simply means maximisation of returns on the invested capital(i.e. money). However in many ways, time is more valuable than money. You will always have the opportunity to make more money, but once time has been spent, it's gone forever. Everything you do is in fact an investment in time. Our primary objective is to maximise returns on our time-investment.When you think of time as a commodity, and all of your actions as investments, it changes the way you approach every day decisions.
We spend time in many activities in our daily life, such as eating, sleeping, singing, swimming, smoking, etc. All these are not necessarily important. But the rationale behind is to invest our time in a manner that perfectly balances each of the activities and create a productive and pleasurable life.
Deciding how to invest your time is a tough task. We have to rely on experience and intuition. However there are a few principals that you can follow in the decision making process.
1. Look for multiple positives
A multiple positive is an activity that generates a positive return in more than one area. Every individual will have different multiple positives, the important thing is finding ones that work for you. A good example of multiple positives is doing exercise while listening to audio books. It helps body and brain. Great for ROI!
2. Avoid multiple negatives
These are activities that detract from multiple areas of life. Take for instance, drinking. Drinks are usually expensive, time spent not productive and you may wake up late on the next day. A poor investment!
3. Utilise the power of compounding
When you invest money you earn interest. Then you start earning interest on the money you earned from interest. Over many years, the effect of compounding will generate a huge final figure. The same concept applies to time. A good example of compounding time might be in stretching. If you want to touch your toes at the age of 35, then at 25 it's a good idea to be stretching regularly and maintaining that level of agility.
No one is going to consider you time valuable until you do it.
If you want to acquire the wealth that will provide the freedom to live your ideal lifestyle, start thinking of every decision as an investment.
To invest your time in the best possible way in order to maximise ROI. You look for multiple positives, avoid multiple negatives and utilise power of compounding.[size=2][size=4]
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| luckyfou |
Sep 6 2007, 01:11 PM
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Junior Money Maker
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How to invest time better.
Everyone has the limited time of 24 hours a day, 7 days a week, 4 weeks a month, and 12 months a year. Everyone can spend their time for anything they like or even sell it for some money, but the time spent or sold cannot be taken back nor be bought again. Here is some strategy how to turn your limited time into unlimited investment potential.
1. Make A System That Works
The most profitable of time investing is make the system that works even without your involvement. Most easiest example is a system that used in a fastfood restaurant McDonalds, McDonalds will run even without the owner. But for some people to make system like McDonalds is not an easy game. They can use their time for learning how to do it or they can pay someone to build the system for them.
2. Use or buy other people’s time
The next is to use other people’s 24 hours a day time. You can use other people’s time and combine it with your time to make a leverage. Let’s work with the number here, for example you have some project that need 24 hours to be completed. You can do that project with your own 24 hours time or you can ask some friend to work with you, let’s say you have 3 friends so the time that used to complete that project is only 6 hours for each person. This is the secret why owner of the big company can make millions of dollars a month for working only 1 or 2 hours a day. The owner have 1000 people work for him for 8 hours a day so it is as good as the owner has 1000 people x 8 hours = 8000 hours of time every day.
3. Take advantage the power of compounding
Even Albert Einstein said “Compounding is the eighth wonder of the world”. Earn the interest from your interest. Let’s say you have decided to save $1000 each month with the interest rate 12% a year, after 10 years your money will become $238,960.85 not $120.000! That’s the power of compounding!
That’s the way to invest your time. Always remember the time that has passed would never come back again. Do your best for your time!
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| Bbjservi |
Sep 7 2007, 10:20 AM
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Junior Money Maker
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How to Invest Time
A unique feature of time is that it is equitably distributed irrespective of colour, race, gender or status. Everybody has 24 hours in one day. The question is, how do I invest this scarce resource called time wisely and profitably? The things that demand my time are divided into the following categories: (1) Work, (2) Studies/Research, (3) Religion/Worship/Meditation and (4) Recreation/family/rest. These things listed above are all activities that continue to take place throughout one's lifetime. One cannot claim to have enough time for each of them in a complete sense. They are also things that demand attention on each passing day. They make demand on our scarce resource of time. Therefore, I divide our 24 hours and invest a portion of the time on each aspect of life for a holistic existence. Yes, one cannot neglect any aspect to the detriment of the other if one wants a balanced healthy life.
For effective and profitable investment of time, I spend 10 hours of the day to work. Here, I will define work as all activities engaged in for the purposes of making a living (i.e. income earning activities). This might be ‘employment, entrepreneurship, freelancing of all kinds, trading, betting etc. As long as the primary purpose for engaging in that activity is to make money, it is work. An average of 10 hours a day is considered a good time allotment for work. (With proper investment I can retire from work before the age of 50 years. Then I can spend more time on leisure.)
Another good way I invest time is in studies and research. By studies and research I mean devoting some time to gain information, knowledge that will help me in my personal development, enhance my business acumen, and improve my interpersonal skills. To succeed in one’s job, business, and relationship; in fact, in every aspect of life one needs information, one needs knowledge and skills. Therefore time spent studying and researching is time well invested. I allocate about 5 hours to this aspect of life.
Before I talk about the final aspect of time investment which has to do with recreation, family and rest, let me briefly say something about investing sometime daily for spiritual development. No matter the religion to which one belongs, even if one claims atheism, one needs to invest time to nourish one’s soul and spirit. As a Christian, I spend time to read the Bible, pray, meditate upon the word of God and sing songs of praise and worship. Time spent in the presence of God is time well invested. It yields peace and soundness of mind as dividends. I give two quality hours for this spiritual exercise.
Now to the final point, ‘which is recreation/family/rest: All work and no play, they say, makes Jackie a dull boy. I have lumped recreation and rest together because they naturally go together. By recreation I mean all that one does to refresh the body. Daily living is tasking and stressing enough. Therefore, your body needs both refreshment and rest. Here refreshment refers to eating and nourishing your body with food and drink. Amusement or entertainment can also be part of it.
The final way I invest time is on rest. The best form of rest we all agree is sleep. Some people are of the opinion that sleep is an unnecessary waste of time. But time spent getting adequate sleep is actually time well invested. It has been scientifically proved that those who are deprived of sleep age faster and therefore die earlier than those who get adequate sleep. So, while taking refreshment or recreation may require about 3 hours daily, sleep requires upwards of 5-7 hours daily. Because I have a lovely family, I build in recreation into my time with my family. You know that time spent with your family yields happy home as return on investment.
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| magdeldinstella |
 Sep 7 2007, 02:48 PM
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Active Money Maker
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Time
What is time?
I have always wondered what the expressions "since the beginning of time and till the end of times" mean?
I have also tried to imagine how was it like before the beginning of time and how it will be after the end of time,,,
That led me to ask myself before everything what time is?
I don't know if there is someone out there to give an accurate logical definition to what we call time,,,
I will try though since it is important to know exactly what time is in order to know how to invest time,,,
Time is the duration in which something takes place,,,
Being a duration,, it is supposed to have a start point and an end,,,
The whole universe have a start point, the creation, and it must have an end. We used to believe it will end some day,,,
Human life too have a start point, the birth, and have an end, the death,,,
This leads me to believe that time is life or better say: the duration of the life of individuals.
And because our lives are limited between the start point,, the birth,, and the end point,, the death, every second that pass in our lives has its own value,, It is simply never comes back,,,
And here lies the value and importance of time.
Time is Life.
Well,, now we know what time is and we know it is important because it is our life but is it possible to invest time?
We know investing is to make money or valuable things grow,,,
We deposit, say,,, 1000$ in bank because after a year or so we withdraw that money with it's interest,, it becomes 1200$ or so,,,
Can we do that with time? Is there some way to make our lives longer or make our days 26 hours and not 24,,,
I wish I could tell You yes but it is simply impossible,,, Still the idea of time investing is still possible,,,
Before I tell how,,, allow me to explain the meaning of the term "Invest":
Invest means better management to the resource or the object being invested.
The return of the investment is not necessarily be tangible and not always money,,,
People that trade in market or deposit in banks get money as their return of investment but governments that invest money in social services get welfare as their return of investment.
Now what do You get when You invest your time?
Well,, it depends on the bank You're going to deposit your time to,,,
If You spend your time in sports, your return will be health.
If You spend your time in knowledge, your return will be success.
And if You spend your time in nonsense, your return will be failure.
Now how to invest your time?
- How much time do You have?
Each day has 24 hours but we need time to sleep(8hours average), time to rest, time to eat and so on,,,
But sure we are not busy all the time,,, there are times that we are free and this is the time that we need to invest,, this is the time we want to manage better so at the end it gets us a nice return,,, If You are serious about making the best use of that time You must know how much spare time do You have and when that time is?
- Where do You want to invest your time?
If You are a student You will sure need to invest most of your time in your studies and will like to give your hobbies or sports some of your time. But if You are not a student you will still like to know about the latest in your field as everyday there's something new in every field and your progress is determined with how much You are updated with it.
Reading is suitable for everyone, also learning a language.
Sports is a must. There are many other things that You can choose from just make sure You're choosing the things that You really like and that suite You, your personality and your needs.
-Planning
After deciding what do You want to do and how much time You can dedicate to it and when that will be,,,
You will then need to plan that time and You are the only one that can do that planning and nobody else can do it for You,,,
But take care not to give something more time that it really deserve or it will get boring, also don't give it less than it needs or it will be useless.
Continuity is a must or You will have to start it over and over again and at the end You will find yourself locked in a loop without achieving anything.
If You get the feeling that You are not achieving much progress, that could be a false feeling just keep going a bit longer and if You still have that same feeling then stop and try to figure out what is wrong. This could be mis-planning or You might have chosen something that doesn't suite You or maybe You didn't choose the right time (like studying when You're tired or so). You might also have chosen the wrong place (like studying in a noisy place) Ask for help if You feel needed !!!
Plans that worked for me(for students):
In school and university I used to study only 3 subjects a day and I never counted languages because they were my favorite and I was talented in them:
1st subject for 2 hours "Usually a very difficult one"
2nd subject for an hour and half "Usually a less difficult subject"
3rd subject for an hour "Usually an easy subject" And I used to study languages or do some sports or go out for a little walk after each subject. This plan have always done the magic for me back then,,,
-Seeing the ROI:Good planning, continuity, sincerity and loving what You do are your secret key to investing your time If You plan your time right and if You really love what You do then You are sure to get a bigger ROI in a shorter period of time,,, and this is what time investing is all about,,, You can't make your day longer but You can manage it in a better way so that You achieve in a single day what You usually achieve in more than that period of time. Also You turn Your spare time into enjoyable time and benefit from it by reading or learning something new that sure will lift You up some more levels from the ones that never think of investing that spare time. -SPORTS, Final word,,,Shall I tell everybody that 15 minutes of sport daily are supposed to keep You healthy and will make You enjoy your full life till the last breath,,, Shall I tell You that every cigarette You smoke makes your life 5 minutes less,,, Will we be wise to invest 15 minutes daily in sports and stop spending on smoke,,, To the Admin:
I know the contest rules and I understand that prizes can't be converted into cash,,,
And I have already had the first prize before, and 3rd prize is not much different,,,
So in case my post qualifies to any prize other than the second prize, I would love to leave it for any other member that You find to deserve it and I will still keep the honor to have participated in the contest in our beloved forum,,,
Thank You
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| John Raven (Admin) |
Sep 15 2007, 01:47 PM
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Administrator
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DTM Educational Contest - Helping you increase your knowledge, income and asset!
Our 6th contest has been very successful!
We had a great contest on the topic:
Previous Contest:
"How do you Invest Time?"
We had lots of beautiful answers.
After a group meeting with our staff and also 5 members who did not participate in the contest, we have found the top 3 answers.
QUOTE The next contest will start now. The Current Contest question: "How do you cut down your Liabilities?" Contest minimum 150 words Please post your answers here: http://www.dreamteammoney.com/index.php?showtopic=33196Closing date will be 7th October 2007. Winners will be notified on 8th October 2007. Each person will be allowed to post 1 reply only. Each post must have a minimum of 150 words. 1st Prize: "Lifetime Supporter Position" worth $98 USD 2nd Prize: $80 E-Gold 3rd Prize: 6 months "Supporter" Paid membership. For possible partnership and suggestions, please send an email to [email protected]Sincerely, DTM Management and Staff Our Mission is to help you make money with the power of the internet. PS: If you have any site/blog, please support us by adding the DTM logo on your site. You can find the html code here: http://www.dreamteammoney.com/ref_banner.php?memid
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| magdeldinstella |
Sep 17 2007, 06:09 PM
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Active Money Maker
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Thank You,,, All DTM Forum Staff,,, All DTM members,,, for honoring me with the first prize,,, 
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