NAME:

ID NUMBER:
COURSE CODE: SUS1010
INSTRUCTOR:
TASK: TIME IS MONEY
Introduction
“Time is money” can be explained at times to be time is priceless and precious. Time can be
used to set money value and again, we cannot use the money to get our lost time back. Resulting
to time is more precious than money or any other thing existed in this world. It is the famous
phrase used by the great author “Benjamin Franklin” in his book “Advice to a Young
Tradesman”. It has now become the motivational and encouraging line for lots of people who
want to get the desired success in their life.
In today’s world, everyone is just running behind money, fame, and success. Competition has
arisen in all fields that have influenced all age groups of people and children. Thus, if we want
our children to get succeed in the future life, we should prepare them since their childhood in
such a manner that they understand the value of time and can be able to take benefit from their
important time by doing good things in life.

The importance of time management

Time management is the process of planning and exercising conscious control of the time spent
on specific activities to work smarter than harder. It is a juggling act of various things that help
you increase efficiency and strike a better work-life balance. There are many advantages that
come along with proper management of time. In your professional life, time management can
benefit you in the following ways:

1. Deliver work on time

Allocating specific time period to tasks help you complete them on time. It also helps you
to manage your workload in the most effective way.

2. Provide a better quality of work

As a dedicated person not only to your ow life but not even when employed, you are expected to
provide work of certain quality and standards. With the proper utilization of time
and prioritization of activities, one can easily provide a better quality of work. 
3. More productivity and efficiency

It is no secret that effective time management skills make you more productive and efficient as a
working professional. These skills are helpful in helping you finish tasks as early as possible
without compromising on the quality of work.

4. Improved quality of life

Effective time management skills don’t just benefit your professional life but can also improve
your life outside of the office. If you keep things under control on the professional front, you get
more time to focus on your personal life and relationships

5. More opportunities and career growth

Being punctual with your work will not only increase your effectiveness but will also help you
earn a good reputation at work. When managers and seniors know that you always complete your
tasks on time, it could lead the way for more promotional opportunities at work.

Conclusion
In conclusion, we can just say that time is money and time is priceless, by using it in a proper
manner no one can defeat us at any stage of life. Neither we can buy it nor we can sell it but we
can use it every single moment. The best example of understanding the importance and value of
time is that when we lose money we can get it back by using time but if time is lost we cannot
get it back by using money or any other thing hence should be cautious of our time of value.

Reference
 Franklin, Benjamin. "Advice to a Young Tradesman, (21 July 1748)". Founders
Online. National Archives and Records Administration/University of Virginia Press. Archived
from the original on August 23, 2019. Retrieved November 1, 2019.
 Chayka, Kyle (June 14, 2017). "Time is Money. But that doesn't mean you need to work non-
stop". Pacific Standard. Archived from the original on August 23, 2019. Retrieved November
1, 2019.