One Minute Economics: The Economics Behind Time Management and Productivity Explained in One Minute
Most people expect economists to talk exclusively about money management and may find it peculiar to come across a video about time management and productivity on One Minute Economics. As explained in this video, however, that is quite shortsighted.
While becoming better at investing the money you already have is great and everything, working on your time management skills or your productivity skills can help you earn more money, leading to a more robust nest egg that you can invest.
For example, progress with respect to the time management and productivity dimensions of your existence might make the difference between going from a $10,000 nest egg this year to a $20,000 one next year, whereas spending the same amount of time and energy becoming better at money management would enable you to earn 6% yearly instead of the 4% you currently do.
Ask yourself this: would you rather make 6% of $10,000 or 4% of $20,000?
The answer should be obvious, as should the fact that as explained through this animation, time management (as well as productivity) can be just as important as money management and as such, understanding the economics behind them is a must.
Additional Info
- Read full article on: One Minute Economics
Leave a comment
Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.
Disclaimer: As a news and information platform, also aggregate headlines from other sites, and republish small text snippets and images. We always link to original content on other sites, and thus follow a 'Fair Use' policy. For further content, we take great care to only publish original material, but since part of the content is user generated, we cannot guarantee this 100%. If you believe we violate this policy in any particular case, please contact us and we'll take appropriate action immediately.
Our main goal is to make crypto grow by making news and information more accessible for the masses.
Our main goal is to make crypto grow by making news and information more accessible for the masses.