If we want to save or invest more within current resources, it means we must forego something.
If we want to save or invest more within current resources, it means we must forego something. PHOTO | FILE | NATION MEDIA GROUP

Let’s say you buy a new phone. What do you immediately stop doing? You stop using the old one. You transfer all data to the new one and the old phone goes into a drawer or is given to somebody.

When we want to add something new into our lives, we have to be ready to release the old, instead of simply piling up things and expecting the impossible. We need to follow this same principle with our time and money to be able to see a difference this coming year.

Let’s start with how you use your time. In our Centonomy classes, we do a session on the time value of money. One of the exercises we make people do is calculate how much time they spend on things like social media, TV, over sleeping, entertainment, traffic (and recovery from related activities) and so forth.

These are activities that are not related to work and spending quality time with people who are important to you. If you spend four hours a day on these types of activities, it adds up to two whole months per year. You can achieve a lot in that time or even just a portion of it.

In a New Year many people want to make certain moves like learn to run a business, work towards a promotion, save or invest more, be healthier, take a course, build networks, etc. This doesn’t happen if we don’t consciously decide to spend less time…