BUDGET YOUR TIME AND MONEY

                                                  FINANCIAL RESOURCES

               ANDREW CARNEGIE HIS ENTIRE LIFE BY A STRICT BUDGET THAT COVERED BOTH HIS TIME AND HIS FINANCIAL RESOURCES. HIS ACHIEVEMENTS QUALIFIED HIM TO SPEAK AS AN AUTHORITY ON THIS SUBJECT, FOR AMERICA HAS NEVER PRODUCED A MAN WHO MADE BETTER USE OF HIS OPPORTUNITIES UNER THE AMERICAN WAY OF LIFE THAN DID HE.

              ECONOMIC AND SOCIAL CONDITIONS HAVE CHANGED GREATELY SINCE MR. CARNEGIE'S DAY, BUT THE PRINCIPLES OF PERSONAL ACHIEVEMENT HAVE NOT CHANGED. THEY ARE THE SAME TODAY AS THEY WERE WHEN HE WAS WORKING HIS WAY UP FROM THE BOTTOM TO AN ENVIABLE POSITION, AND THEY SERVE AS EFFECTIVELY TODAY AS THEY DID WHEN HE WAS BUILDING HIS CAREER.

                HILL : MR. CARNEGIE, YOU HAVE NAMED THE BUDGETING OF TIME AS ONE OF THE ESSENTIALS FOR INDIVIDUAL ACHIEVEMENT. WILL YOU INDICATE WHAT METHODS ONE SHOULD ADOPT TO MAKE THE BEST USE OF HIS TIME?

                CARNEGIE : EVERY SUCCESSFUL PERSON PLANS HIS LIFE AS CAREFULLY AS SUCCESSFUL BUSINESS MAN PLANS HIS BUSINESS. HE BEGINS BY ADOPTING A DEFINITE MAJOR PURPOSE, AND THE FOLLOWS THROUGH BY DEVOTING A DEFINITE PROPORTION OF HIS TIME TO ATTAINING THE OBJECT OF THAT PURPOSE.

                HILL : WHAT PROPORTION OF ONE'S TIME SHOULD BE DEVOTED TO THE ATTAINMENT OF HIS MAJOR PURPOSE?

               CARNEGIE : TO BEGIN WITH LET US RECOGNIZE THAT THE AVERAGE PERSON COMES INTO THE WORLD WITH NOTHING BUT TIME AS AN ASSET!

                EACH PERSON HAS TWENTY-FOUR HOURS OF TIME EACH DAY- NO MORE, NO LESS.

           WHEN A PERSON REACHES THE AGE OF PERSONAL RESPONSIBILITY HE SHOULD DIVIDE HIS TIME INTO THREE PERIODS, (1) EIGHT HOUR FOR SLEEP, (2) EIGHT HOURS FOR WORK, (3) EIGHT HOURS FOR RECREATION. SOME PEOPLE, PERHAPS A MAJORITY OF THEM, FIND IT NECESSARY TO WORK TEN HOURS PER DAY IN ORDER TO MAINTAIN THE PRESENT STANDARD OF LIVING,  WHILE THEY DEVOTE BUT SIX HOURS PER DAY TO RECREATION. THE AVERAGE PERSON CANNOT GET ALONG ON LESS THAN EIGHT HOURS OF SLEEP.

                                    

                        HILL : WHICH OF THESE THREE PERIODS OF THE DAY DO YOU CONSIDER TO BE THE MOST IMPORTANT?

                        CARNEGIE : THAT DEPENDS ALTOGETHER ON WHAT YOU CONSIDER TO BE IMPORTANT. SOUND HEALTH DEMANDS AT LEAST EIGHT HOURS OF SLEEP. AN EVERAGE LIVING, UNDER OUR PRESENT STANDARD OF LIVING, DEMANDS AT LEAST EIGHT TO TEN HOURS A DAY FOR WORK. THIS LEAVES FROM SIX TO EIGHT HOURS A DAY OF FREE TIME WHICH ONE MAY USE AS HE PLEASES, AND I WOULD SAY THAT IT IS THE MOST IMPORTANT PERIOD OF THE DAY, AS FAR AS PERSONAL ACHIEVEMENT IS CONCERNED, BECAUSE IT PROVIDES ONE WITH AN OPPORTUNITY TO ACQUIRE ADDITIONAL EDUCATION, PLAN NEW MEANS OF RENDERING SERVICE, AND CREATE GOOD WILL.

                        HILL : WHAT ABOUT THE PERSON WHO USES THIS PERIOD FOR NONE OF THESE PURPOSES, BUT DEVOTES IT ENTIRELY TO PERSONAL PLEASURE WHICH IN NO WAY BRINGS HIM ADDITIONAL INFLUENCES OR FRIENDS?

                      CARNEGIE : THAT PERSON WHO USES HIS FREE TIME IN THIS MANNER WILL NEVER BE A SUCCESS IN ANYTHING, EXCEPT BY SOME RARE STROKE OF GOOD FORTUNR WHICH FAVORS HIM WITHOUT HIS OWN EFFORTS.

                      THE SLEEP PERIOD PRODUCES NO RESULTS EXCEPT THAT OF MAINTAINING SOUND HEALTH. THEREFORE ONE CAN TAKE NO LIBERTIES WITH IT, AND IT HOLDS NO SEED OF OPPORTUNITY FOR SELF-PROMOTION, OR FOR THE ACCUMULATION OF MATERIAL THINGS.

                    THE WORK PERIOD REQUIRES ALL OF ONE'S THOUGHTS AND EFFORTS FOR SPECIFIC DUTIES. THEREFORE IT HOLDS BUT SLIGHT OPPORTUNITIES FOR EXTRA EFFOT, ALTHOUGH ONE MAY SO USE IT AS TO LAY THE FOUNDATION FOR OPPORTUNITIES BY MODIFYING THE QUALITY AND THE QUANTITY OF THE WORK HE PERFORMS.

                     THE MORE SUCCESSFUL PEOPLE COMBINE THEIR FREE-TIME WITH THEIR WORK-TIME, BY DEVOTING ALL OF IT TO SOME SORT OF ACTION WHICH AIDS THEM IN ATAINING THE OBJECT OF THEIR MAJOR PURPOSE. THUS, THEY WORK ABOUT TWO-THIRDS OF THEIR TIME AND SLEEP  THE OTHER THIRD.

HILL : BUT, ISN'T IT NECESSARY FOR A MAN TO TAKE TIME OFF FOR RECREATION AND PLAYIF HE IS TO MAINTAIN SOUND HEALTH?

 

CARNEGIE : YES, SOUND HEALTH DEMANDS A CHANGE OF PHYSICAL AND MENTAL HABITS, BUT SUCCESSFUL PEOPLE HAVE LEARNED HOW TO MAKE THESE CHANGES BY SO ARRANGING PEOPLE HAVE LEANRNED HOW TO MAKE THESE CHANGES BY SO ARRANGING THEIR WORK-TIME AND THEIR FREE-TIME THAT THE FREE-TIME PROVIDES RECRETION ALONG LINES THAT CONTRIBUTE TO AND HARMONIZE WITH THE DUTIES THEY PERFORM DURING THEIR WORK-TIME.

HILL : I SEE WHAT YOU MEAN. A MAN MAY SO USE HIS FREE-TIME THAT IS BRINGS HIM OPPORTUNITIES DEFINITELY RELATED TO HIS WORK, SUCH AS ASSOCIATION WITH PEOPLE WHO CAN BE OF BENEFIT TO HIM IN CONNECTION WITH THE ATTAINMENT OF HIS MAJOR PURPOSE, ALTHOUGH HIS RELATIONSHIP WITH THEM MAY BE ENTIRELY OF A SOCIAL NATURE FORM WHICH HE GET HIS RECRETION.

CARNEGIE : THAT'S  THE IDEA, PRECISELY! BUT, YOU SHOULD RECOGNIZE THE FACT THAT MOST PEOPLE DO NOT SPEND THEIR FREE-TIME IN THIS MANNER. THEY USE IT FOR EXCITEMENT, WHICH TOO OFTEN THEY MISTAKE FOR PLEASURE, AND FOR ASSOCIATION WITH PEOPLE WHO INFLUENCE THEM BY DESTRUCTIVE HABITS, SUCH AS DRINKING AND GAMBLING, OR PEOPLE WHO INFLUENCE THEM BY JUST PLAIN LAZINESS.

                WHILE ONE'S FREE-TIME MAY BE PROPERLY CALLED "OPPORTUNITY-TIME, IT USUALLY PROVES TO BE ONE'S MISFORTUNE-TIME, FOR IT IS DURING THIS PERIOD THAT MOST PEOPLE ACQUIRE NEGATIVE HABITS WHICH VITALLY AFFECT THEIR WORK-TIME. SUCH HABITS, FOR EXAMPLE, AS CUTTING INTO THEIR SLEEP-TIME AND THEREBY REDUCING THE EFFICIENCY OF THEIR WORK-TIME AS WELL AS IMPAIRING THEIR PHYSICAL HEALTH.

                         

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