I was reading one of such inspiring and motivating articles by a friend on chain. It was really one good read. It helped to boost my current focus on the long term. In the midst of it I grabbed one statement he made; ‘compounding time’.
I know where many of us will be heading this primary statement to, it is about compounding an asset so a better dividend can be gotten overtime.
It has proven a game changer for many. I have seen him in the process grow his stakes; a clear proof that it really did work out even for him. Something else worth noting about his growth is a character he mentioned. Maybe it does not make sense for others yet it is a good one. He talked about waking up early as a habit.
Extra time is and will remain a hedge, I have personally had to rearrange my sleeping and waking time in the process. It is something I kick-started from the last one.
It has not been easy to keep yet I know overtime it will become easier. Last month and this month has been choked up with so many incoming activities that even stretch into my sleeping time anyway and it is not allowing me to get the right hours out and in.
This month is already more stretching than last. I feel I will be able to be more disciplined from next month. Nevertheless, I still keep the alarm at that early wake up and most times do off after a ring to get an extra. Only a pity it mostly results in 2 hours.
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This article will be focused more on ‘compounding time’ as a time advantage aside from financial growth which is still part of its advantage. So what does it mean to compound time? First, let me just explain my experience waking up early these few days. Ok, I have had extra time in the process. It helps in better decision making and meeting up with chores.
There is a big difference between meeting up with something and meeting it up with extra time to your advantage. It affects your mental situation. One of the reasons we get ALL the strange illnesses is that we overwork ourselves to meet up deadlines. So yes, one can say compounding time is also compounding good health.
I talked about sound decision making. It has been one of those things that makes me pull out some unnecessary expenses. Let's say I got to the office an hour late.
This can be a big deal, first we are not running an economy of stable light. Assuming there was general electricity 2 to 3 hours before I arrived. It is likely there might be some delays in giving it back. What then happens?
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cost calculation plus assumptions analysis will come to play out here. Should I make that expense on petrol or should I wait? How long will they possibly be holding on to it?
Most times I get it right or wrong. Buying petrol at such a high price per liter is a loss at that moment. Failing to meet up with that workload makes work much more difficult for us to push out the next day.
Another thing to consider is investment habits. Have you ever made Rush hour market decisions? How did it end up? It is one of the flaws of not taking advantage of time.
As I earlier said, extra time means a lot. One wrong decision can deter a whole financial portfolio. I have been there before, entering when the big bags are leaving and you get hit big time.
To conclude, let me add, the idea of compounded time is having enough time to your advantage. Beyond just financial portfolio building, it enters into enough time to fit in activities like rest. Let's say for instance, you do wake up by 5:AM instead of your usual 6:AM.
It means you have given yourself an extra 7 hours free time to make the most of the week. You could spend it reading or doing some research to better your life. That old time saying is still very fresh I guess; ‘time is precious’.
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