Last Updated on September 5, 2022

List of 10 reasons why time management is very important in our life


Many people often say that time is gold. Truth be told, that statement simply isn’t true. Time is much more valuable than gold. No commodity or amount of money can buy any one time in this world. It’s the only thing that’s constant for everyone. However, many people still fail to see the importance of time. Whether it’s running a business, reaching your career goals, or saving money, time is of utmost importance.

Here are 10 reasons why time is important in our life.

1. It is our most valuable asset

Time is something that’s given to us equally.

This means that everyone has 24 hours a day.

It all depends on us how we spend those hours.

We might have different priorities, responsibilities, and goals in life.

However, time is the only thing that levels it out for us.

We dictate how we use our time.

Thus, we should know the things we should and shouldn’t spend time on.

This is where the importance of time management comes in.

Time isn’t an unlimited resource.

If we truly want to make the most of the time we have, we need to know how to manage it well.

If we do it right, we can surely improve our quality of life, earn money, and form long-lasting relationships.

No other commodity in the world can do this for us.

2. Lost time cannot be found again

To better appreciate the value of time, we should remember that you can’t take it back once time passes.

Apart from the fact that it is finite, we should remember that it’s irretrievable.

Once you chose to spend your time in a particular activity, you can’t take it back.

That time will be gone, and you’re left to decide what you would do at present and in the future.

This is what makes time so valuable.

No amount of money or power in this world can bring us back the time we already lost.

An example is when one of our loved ones die.

Unfortunately, once they pass away, there’s not much left for us to do.

We can only wish that we could’ve spent more time with them.

But wishing won’t make that come true because lost time is perpetually lost.

3. It can generate money

If you are an investor, you’re already aware of the importance of time in making money.

Time, not so much money, is compounding interest’s best tool.

Even if they invest small, investors who start early end up reaping high rewards by the time of their retirement.

Sometimes, they even earn more than those who invest a lot of money but later in life.

This is one of the best instances that show time’s importance in building your wealth.


Successful people who have become billionaires and tycoons give high importance to time.

Most of these people practice highly effective time management tools and strategies.

These are all crucial in their success in their respective fields and businesses.

There are many advantages of time management in business.

One of the benefits of time management is it alleviates your stress, helps you get more focused, allows you to become more efficient, helps avoid procrastination, and so many more.

When we know how to handle our time wisely, we can help propel our career or business growth.

These are the reasons why time is highly valuable – for any type of person.

This idea is exactly why time is important than money.

Time can generate money, but money can’t generate time.

4. It creates memories and experiences

We can’t argue that time is important in creating memories for us.

For instance, you may choose to spend your time celebrating a birthday with family and friends instead of going to a club or bar.

This time you chose to spend with your loved ones enabled you to create memories with them.

It’s something you wouldn’t have made had you chosen to do something else that day.

You can also spend your time traveling, which will create plenty of fun and lasting experiences.

Instead of working, you may also opt to travel instead, meet more people, and learn a new language.

Furthermore, you can also choose to spend your time alone.

Many people find joy and comfort in being alone.

All of the experiences and memories are possible because of time.

Because of these, you can easily visualize the value of time in our life.

If we know how to use it well, we have more opportunities to create memories and experiences alone or with the ones we love.

5. It allows us to cultivate relationships

Time is highly important in building and maintaining strong life relationships.

If you’re unsure, how can time management help you in your life, here is the reason how?

Imagine you have a 9-5 job. Perhaps you only have 3-4 hours to spare on weekdays.

You have to choose whether to stay in or go out with friends.

However, you always choose to stay in and have some popcorn in front of the TV. Imagine you do this for years.

Before you know it, you are 40 and have no romantic relationship.

If that’s your conscious choice, it’s perfectly fine.

However, some people don’t understand how time can greatly impact their relationships and their lives.

It also goes the same when you are currently involved in a romantic relationship.

If you don’t set aside time for your loved one, he or she will most likely feel unwanted and unappreciated.

Thus, it could pose problems for your relationships and potentially end it.

Another example is choosing to spend time with family.

When you’re young, you want to explore and go out to have fun with your friends.

There is nothing wrong with that.

However, later on in life, you will probably realize and wish you had spent more time with your family.

The list goes on and on.

Time greatly impacts people’s relationships.

Thus, it is up to us if we use it to cultivate our relationships or have other, more important priorities.

6. It allows us to grow

The best thing about time is that it’s completely ours.

We can do whatever we want with it.

With time, we can grow as a person.

We can utilize our time to improve ourselves.

We can attend a public speaking class or a cooking class to help us gain more valuable knowledge.

Furthermore, time also applies to raise children, cultivating and growing trees, taking care of animals, etc.

Time allows us to grow.

There are some things that we need to wait for so we can see the results.

7. No one knows exactly how much time we have left

One of the trickiest things about time is that no one knows how much we have in this life.

It might sound morbid or scary.

However, we could all use this to appreciate the value of time in our life deeply.

With this in mind, we get to live our life like it’s our last day.

However, this doesn’t mean being rash with our decisions or not carefully calculating risks.

It calls for us to do more with the time given to us.

Instead of moping around or feeling lazy, we should remember the importance of time.

Then, we can motivate ourselves to be productive and hardworking.

Moreover, this mindset also helps us appreciate our loved ones more.

Most people only see the value of time when it’s already lost.

Not a lot of people actively value time because most of us think it is infinite.

However, knowing that our time is only limited will help us make better decisions.

It will also help us prioritize our goals in life more effectively.

8. It is the best teacher

Experience is the best teacher.

But to gain experience in your life, you need time.

Even when we were young, the time allowed us to learn all of the basic skills we now use every day.

This includes potty training, language, walking, and other skills.

If our caregivers hadn’t spent their time to teach us these things, we wouldn’t be where we are right now.

During our school life, time was valuable in helping us increase our knowledge and skills.

Time taught us the importance of punctuality, attendance, friendship, and teamwork.

Through time, we learned the necessary knowledge that helped us now.

In adulthood, we realize that time teaches us a lot of things.

It teaches us patience, hard work, and resilience, among many other things.

Time also proves valuable, even in simple things.

Just a simple example is with our groceries.

How often do we find ourselves throwing out a can of fruit because it’s way past the expiry date?

If only we had more time, then we wouldn’t be wasting our money.

When paying our bills, we also realize how important money is.

24 hours of delay could mean us paying late fees, which cost us a lot of money.

Thus, we know better next time to settle our bills early, so we won’t have to pay the fees.

9. A wasted time comes with consequences

If we take a look at the importance of time, we might not think about how wasted time can put us at a great disadvantage.

For example, coming in late for an exam means you will have less time to answer the questions.

Thus, it puts you at a disadvantage because you would have to answer as quickly as possible.

You could get stressed and, in effect, unable to focus on the exam.

Thus, in this scenario, wasted time costs you your grade.

In another example, in business or work, imagine you have a deadline to meet.

You need to ship out 10 boxes of your product in 24 hours.

However, because you don’t manage time well, you were unable to prepare the shipments.

Thereafter, you lose your customer and, in effect, lose revenue.

In your personal life, wasted time also equates to consequences.

According to studies, adults spend almost half of their day on the screen.

This includes phones, laptops, and televisions.

Imagine if people would cut down their viewing time into half and use the time to build a skill or learn a language.

At the end of the year, people would end up with a new set of skills that could further their careers.

Furthermore, it could also elevate their quality of life.

These scenarios all show us how wasting your time can lead to dire consequences.

Although we might think that we’ve got plenty of time, we should remember that some things are time-bound.

This concept should help us understand the value of time more.

It applies to many other aspects of our life, as well.

10. Time poorly spent is a life poorly spent

At the end of our lives, we might or might not have regrets.

For those who have regrets, they will mostly wish they had done more.

And often, people regret things that they didn’t do, instead of things that they did.

We all want to live healthy, joyful, and fulfilling lives.

Thus, we should understand that it’s important to spend our precious hours on important things.

We should avoid taking our time for granted and doing meaningless things.

After all, we don’t want to be 80 and wishing we had more time.

Luckily, we can avoid this.

Knowing our priorities in life and managing our time well are keys to a well-lived life.


With our increasingly busy lives, time is becoming and seeming to be scarcer than ever.

However, some people still can’t grasp the importance of time.

Not many people know how to manage their time wisely.

Thus, in effect, they lose a valuable amount of time – something they can’t get back.

Therefore, it should be or a goal to educate ourselves about the importance of time and how to manage it properly.

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