What are you doing with your time?

In economics, the principle of scarcity says we have a limited amount of time and resources.  What are you doing with yours? 

Consider Person 1 and Person 2.  Both work at the same day job that they don’t love.  Both claim to want to own their own business some day.

Person 1’s Typical Week Day

• 8-5: Work
• 5-6 PM: Happy Hour
• 6ish-7.30:Catching up on Twitter, Facebook and Gchat
• 7.30-8.30: Gym
• 8.30-10: Favorite shows
• 10.30: Read magazines
• 11.00: Bed

Person 2’s Typical Week Day

• 5.30 AM: Post article you wrote last night, check google alerts, read and comment on relevant articles in your niche, read Peter Shankman‘s HARO and respond to relevant PR leads, check and respond to overnight Tweets, update blog’s Facebook fan page, respond to emails you may have missed yesterday, check out search.twitter.com, make sure you are following people back that started following you.
• 7.15 AM: Walk dog.
• Work 8-5 (while monitoring the online world and listening to podcasts in your niche while doing your work)
• 5.30-6: Dog Park.
• 6.30-7.30: Mandatory work out or networking event.
• 7.30: Put favorite show on in background while doing a few things things in bullet point one, schedule weekend consulting/speaking gigs, write a guest posts and/or article for your blog.
• 9.00pm: Have a meeting with another blogger, author or entrepreneur to see how you can collaborate on projects and grow your businesses, via Skype.
• 9.30pm: Get really excited and “work” some more.
• 11pm: Format and schedule posts, send emails, repeat relevant steps in bullet one.
• Midnight: Reluctantly get some zzz’s.

Person 1 is content.  Person 2 is really really happy.

Fast foward 5 years.  What are your predictions for Person 1 and Person 2?

Time flies- even when you are not having fun. Make the best of yours.