There are only 24 hours in a day. That’s it. That’s all you and I get. No matter how wealthy you become, you can’t change that.

Time is the most precious commodity you have…..treat it like that, and don’t squander it. One of the nice things about money is that you can always make more of it, but that’s not so with time. If I make an investment that heads south and costs me money, it may bother me, but I don’t dwell on it. I know I can find another investment that will make up what I lost and then some.

Here some advise on the bad deals you do and the ones you pass by. First, understand that some of your best deals will be the ones you don’t do. It’s better to not do a deal than to struggle through a deal with a lot of hassle that ends up costing you money. Second, recognize that you can’t make a bad deal good by hanging on to it. If you’ve made a mistake, get out of the deal—at a loss if you have to—-and move on.

Remember, when time has passed, it’s gone. You can’t get it back. I’ve always thought the phrase “time management” was a misnomer. You can’t manage time—but you can manage yourself in a manner that allows you to be productive and maximize your time and efforts.

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