What is the number one rule for investing, particularly safe investing? Diversification. You never want to have all your eggs in one basket because if that basket is dropped and all your eggs break, well, no omelet for you. That's easy enough to do with money, whether it's the stock market or crypto. You do your research into sectors or chains and then into particular companies or dApps, and then you spread your money between them as is reasonable for the money that you have and your own investment strategy. But what is the most valuable asset that you have? Your time. Time is the one thing that once spent can't be earned or bought back no matter how hard you try. Time is necessary for everything that you do. So how do you diversify your time to make it work as efficiently, productively, and profitably to you?
Now lets quickly define those last three terms that I used for this context, as they are pretty individual to each person.
When I say efficiently I mean getting things done as, well, efficiently as possible to make more time for you to do different things and for the things you want to do. Productively is just that, getting the most out of your time. Profitably I think is the most variable, for some its more time with their families, for others its more time for movies or games, and for others still its straight up money. But the real question is can you diversify your time> In other words can you make it so that each hour, minute, or second you spend is going towards multiple things?
Now the easy way to diversify is a schedule with multiple activities planned throughout the day, but I want to take it a step deeper with this analogy. I want to be able to diversify my time like training martial arts. When you train in martial arts you are doing multiple things at the same time your training your strength, stamina, reflexes, awareness, hand-eye coordination, balance, and even confidence. So how do we achieve this with time?
Do you have a hobby? How can you make it profitable to you? You could get your family members involved with it and it can be something you do together, you can find a way to monetize it, and you can even do both, now enjoying an activity you like, spending time with family, and making money. Do you want to learn a new skill? Learning new skills that you can use in your life to save money also have a similar profitable effect. Almost everything you do has a way to be diversified to become profitable to you whether that's through sharing, earning, or saving whether it's something you want or have to do. The key to having more time for these things is to complete the other tasks as quickly as possible without having to redo them, efficiency. I have been working on doing this myself and the more I do it the simpler it becomes and it honestly doesn't take much skill in multi-tasking.
Do you have any ways you have found to diversify your time? let me know in the comments so I can try and implement them also!