Monday, February 20, 2012

Cost Versus Value

Cost versus Value Most of us have heard the saying we know the cost of everything and the value of nothing. We can apply that to many areas of our lives. Sometimes we have paid more money than we have intended when purchasing something but received a lot of value out of the purchase. To value something, is to esteem and put worth on the item. What are you doing that will or will not bring value to your life now and in the future? Small deposits whether, financially or relationally cost us something. We may deposit a small amount of money to save for something in the future. It will cost us a trip out to eat or a little “thingy” we feel we must have, but it is worth it if you are saving for your golden years or you children s college fund. We fail to plan our lives because it cost to much time and is costly to stick to the plans we make. Sometimes it just doesn't feel good. As Dave Ramsey says “children do what feels good, adults devise a plan and follow it.” It may not be just a financial cost, but a time and energy cost as well. We all have 168 hours a week to invest in our lives. Please if someone can find more than that I need to know where! Subtract 40 hours a week for work, say 56 hours a week for sleep. According to Nielsen Co. we watch 28 hours of T.V. A week! That would leave you 44 hours a week left to live. Our time is very valuable! How you spend it will determine what you value and determine what you get in return. When coaching people we set goals and priorities. Just like when making a budget, telling your money what to do, you can do that with your time and invest in things that will bring you value in your life. So what are you doing now that will bring you value down the road? What do you need to eliminate that is costing a lot and not bringing any value? (28 hours a week of television would be something good to eliminate) Is what you are spending your time on going to bring value to your life? Is your work worth spending your life on? Is your money being spent the best way it can be to bring you things of value in your life? Are things in life costing you everything and bringing little value? Remember you are in charge of you, make the necessary changes. Let me know if I can help. Tim West Go West Coaching 2-20-12

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