Pay Yourself First and Do It With Time

If you have ever tried to save money for retirement, you might be familiar with the “pay yourself first” strategy. This approach recommends that people take the first portion of their pay check and set it aside for savings. The rationale behind this strategy is that we have so many opportunities to spend money that relying on leftovers at the end of a month will lead to little savings or none at all. While this approach works for money, does it work for time?

In his book Four Thousand Weeks: Time Management for Mortals, author Oliver Burkeman argues that many people spend their limited time on this earth doing things the feel they need to do, not what they want to do. As David Allen has long pointed out there is always more to do than we can ever do. If a person want to accomplish the things that matter most to them, their time must be preserved for those things. As he writes:

If you try to find time for your most valued activities by first dealing with all the other important demands on your time, in the hope that there’ll be some left over at the end, you’ll be disappointed. So if a certain activity really maters to you – a creative project, say, through it could just as easily be nurturing a relationship, or activism in the service of some cause – the only way to be sure it will happen is to do some if it today, no matter how little, no matter how many other genuinely big rocks may be begging for your attention. (pg 74)

Four Thousand Weeks

Now reflect on this question: what project or cause in your life do you want to give more attention to on a daily basis?

Once you know what it is dedicate a sacred time period each day to do it. Whether it is an hour in the morning to write that novel, or your lunch hour to attend a Toastmasters meeting to work on your public speaking, or even two nights a week to make phone calls to raise money for your favorite charity, these priorities only happen when you block off the time to do it.

So, how much time to do you want to pay yourself first?

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