Investing means investing time, not people or assets. The object you invest in doesn’t generate money; time does. Failing to understand the role and principles of time in business and investment is a waste of energy. Because time is invisible, we often overlook it or fail to recognize its impact and role. This world is driven by probability. When dealing with probability, the first thing to consider is the invisible nature of time. Ignoring this fact leads to waste and inefficiency without us even realizing the damage. - Joseph’s “just my thoughts”
One characteristic of the wealthy individuals I have met so far is that they complete their work on time, rather than merely finishing tasks by the deadline. Being on time for a task involves calculating the necessary amount of time in advance based on the task’s size and nature, then striving to complete it within that timeframe. In contrast, finishing work at the last minute means postponing tasks until the deadline looms. The habit of delaying work is referred to as ‘ procrastination ’ in psychology; it’s associated with perfectionism or the tendency to derive greater satisfaction from concentrating energy on tasks as the deadline approaches. Anxiety underlies this behavior, and it proves to be entirely counterproductive in any case. - Joseph’s “just my thoughts”