Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved1 Introduction Success in life and money is a direct function of how well you plan and manage your time. Time will become more important each year as you age & mature. Time is a precious commodity young people take for granted. Personal time management is essential to your financial wellbeing.

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved2 Objectives Define Life Expectancy You should be able to do the following after completing this lesson. Discuss how the concept of Life Expectancy is used Define Productive, Semi-Productive and Non-Productive Time Explain why everyone will experience all categories of time Describe what Productivity is Estimate how much time you will spend working Explain what happens to your Life Expectancy as you get older Explain who uses the concept of life expectancy

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Life Expectancy How long you can expect to live based on your current age Life Expectancy Example Why you might want to use a life expectancy range in your planning How your life expectancy can be expressed in different units Why life expectancy is important to achieving your goals In this section, you will learn: What happens to your life expectancy as you get older You will run the following Interactive Example

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – What is productivity? Why productivity has become so popular Some common examples of productivity In this section, you will learn: How time is categorized Why companies want to be more productive What the term “productivity” means How you can make your life more productive

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Productive time In this section, you will learn: The definition of Productive Time How Productive time differs from Semi-productive time In which life phase the majority of Productive time occurs What is unique about Productive Time How Productive time differs from Non-productive time

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Semi-productive Time In this section, you will learn: The definition of Semi-productive time How Semi-productive time is different from Productive time Typical Semi-productive time activities How much of an adult’s life is semi-productive time Why Semi-productive time is important What you couldn’t do without Semi-productive time

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Non-productive Time In this section, you will learn: The definition of Non-productive time Examples of Non-productive time Typical Day Example How much of your time is Non-productive Can you eliminate all Non-productive time Do people over or under-estimate their Non-productive time You will run the following Interactive Example

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Importance of time In this section, you will learn: Who determines how you will spend your time Time Spent Working Exercise What your personal & financial success depends on Whether you can eliminate any of the categories of time You will run the following Interactive Exercise: What your goal concerning time should be How much of your life will be spent as Productive time How much of your Work Phase is actually spent working

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved – Not Enough Productive Time In this section, you will learn: What happens if you don’t have enough Productive time What options are available when you need additional money What you might have to do to get paid more How you can earn additional money Work Additional Hours Example You will run the following Interactive Example: How to reduce the amount you spend What is unique about working overtime

Lesson 2.2 The Importance of Time February 1, 2011Copyright © … REMTECH, inc … All Rights Reserved10 Discussion Topics Why is Time considered a precious commodity? What is the connection between Time management and financial wellbeing? You should be able to discuss the following questions after completing this lesson!