Sunday Firesides: You Don’t Have the Time, Not to Take the Time

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We talk about time a lot in terms of economics. We talk about our attention and how we spend time.

We think that we are being frugal and prudent when we decide there is not enough time to complete a certain task.

In many cases we can be terrible spendthrifts.

We don't realize that everything we own is a loan. The interest that accrues on these loans can be a hundred times worse if we do not pay them back.

You may not have the time to thoroughly check your new product. . . How will you deal with angry customers, returns and damage to your PR that follow its recall?

You may be too busy to socialize in a way that will keep your depression at bay. . . How much can you accomplish if you are unable to get up in the morning?

You may not be able to get out and exercise every day because you are too busy at work. . . How will you get yourself out of a hole you create when you are in the hospital after a heartattack?

You may not be able to fit in date nights or trips for just mom and dad. . . How will you manage to attend sessions of marriage counselling? . . Separation can be emotionally draining and bandwidth-sucking. . . Meetings with a divorce attorney?

It may seem that you do not have the time to devote to important relationships and activities in your life. Flip a few more pages in your ledger to check the numbers. There isn't time enough in the world for you to regret it when the debt collectors call.

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