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Managing Time Like Money

I've really been thinking a lot about future vs. present, ever since reading The Time Paradox. Do you live every day like it's your last, do you save everything for the future, or do you find a happy medium?

One of the conclusions that I've come to, which might be blatantly obvious to everyone but me, is that time management should be exactly like money management. It's the same problem: how do you use a finite resource throughout your whole life for maximum benefit?

Thinking of time like money rules out the extreme ends of the spectrum. We all know what it looks like when someone spends every dollar they get as soon as it's dropped into their hands, and none of us envy that person (although some imitate him). Saving everything and never spending any money isn't that great of an idea, either. What's the point of having money if it gets buried next to you?

Past, Present, Future

There's this new-age idea that we should all be completely in the present at all times, ignoring the past and the future. Some people go so far as to parrot phrases like "the present is the only thing that really exists", or "live every day like it's your last!". I disagree. I think that there's value in considering all three time periods, as long as they're looked at differently. The problem is that most people treat them in the same way.

Past

Take the past. Most people look at the past as something that could somehow be changed if they wished hard enough. They don't actually believe that, but they act like it, saying things like, "If only I had _____". A better way to see the past is like a series of completed experiments. Everything, from before you were born until the moment you read the previous sentence is now set in stone and cannot be changed. The value we can get from this is to learn from our mistakes, failures, and pure observation.

It's possible to live in the past, to rehash things that happened and associate their greatness or tragedy with the present. We are the product of nothing but the past, but on the other hand the past is only a series of experiments. We aren't bound to make the same mistakes, and we aren't guaranteed the same successes, especially if we can't emotionally distance ourselves from what has happened, and rationally extract all of the available lessons from it.