Multitasking

Multitaking is an invaluable skill that helps people save countless hours throughout their lives. Many people feel that they can't multitask but they're doing it without even knowing. When someone pops bread into the toaster and pour herself a cup of coffee while she waits for the toast, she's multitasking. When someone is folding his laundry while watching his favourite television show, he's multitasking.

By multitasking you're able to get more done with the same amount of time. Since we're all given the same amount of time (we each get to decide what we do with our 24 hours) if you can be more productive then you'll come out ahead.

Outsourcing

How much is your time worth? Last time we touched on this concept in order to be able to put a dollar amount on your time. Now let's talk about how we can be more efficient with our time (and by extension, our money).

Outsourcing is the idea of hiring somebody to do stuff for you that would have cost you more money  to do. Many companies outsource all the time; why would Apple make its own parts when they can get a company in China to manufacture the parts for a fraction of the cost?

The Clock's Ticking

As the old adage goes, time is money. So it goes without saying that money is time. Did I confuse anybody with that? I'm kind of hoping it did because it will make me feel clever (I know, I'm a bit strange). Anyways, since they are interchangeable, try this little thought experiment next time you go shopping. When considering whether or not to buy something, rather than thinking in terms of how much money it would cost you, think in terms of how much time it would cost you.