Time Matters

Somewhere in our lives there is a turning point. The one that has us accept the idea that we are mortal. Somewhere in the future there is an end.

That transition has planning consequences.

The simple assertion of this fact is found in Jack Kornfield’s charming book, Buddha’s Little Instruction Book (1994).  The book is more about the things Buddha should have said than did say, but the points are still valid.  I liked this one:

“The trouble is, you think you have time.”

Anything with a time limit is best accomplished with efficiency. Thus planning.

Planning addresses issues in priority order, with available resources balanced against needs and preferences. Its goal is to accomplish the most with the least. It recognizes time as both a resource and a limit.

When you are immortal, none of that matters. Mañana is a perfectly good strategy if there are an infinite number of tomorrows. You come to learn there are not.

You overcome the mortality limit by building more resources sooner. You apply those resources to the resolution of wants and needs that project into the future. You do it easier by being disciplined.  Build things that will last and give you pleasure.

Each of us may choose our own arrangement of these ideas, but we must recognize the time is short.  The sooner we recognize and deal with that the better.

Don Shaughnessy arranges life insurance for people who understand the value of a life insured estate. He can be reached at The Protectors Group, a large insurance, employee benefits, and investment agency in Peterborough, Ontario.  In previous careers, he has been a partner in a large international public accounting firm, CEO of a software start-up, a partner in an energy management system importer, and briefly in the restaurant business.

Please be in touch if I can help you.  don@moneyfyi.com  866-285-7772

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