Uploaded August 2019 | Updated September 2026, 2 hours ago
Most people expect economists to talk exclusively about money management and may find it peculiar to come across a video about time management and productivity on One Minute Economics. As explained in this video, however, that is quite shortsighted.
While becoming better at investing the money you already have is great and everything, working on your time management skills or your productivity skills can help you earn more money, leading to a more robust nest egg that you can invest.
For example, progress with respect to the time management and productivity dimensions of your existence might make the difference between going from a $10,000 nest egg this year to a $20,000 one next year, whereas spending the same amount of time and energy becoming better at money management would enable you to earn 6% yearly instead of the 4% you currently do.
Ask yourself this: would you rather make 6% of $10,000 or 4% of $20,000?
The answer should be obvious, as should the fact that as explained through this animation, time management (as well as productivity) can be just as important as money management and as such, understanding the economics behind them is a must.
Most people expect economists to talk exclusively about money management and may find it peculiar to come across a video about time management and productivity on One Minute Economics. As explained in this video, however, that is quite shortsighted.
While becoming better at investing the money you already have is great and everything, working on your time management skills or your productivity skills can help you earn more money, leading to a more robust nest egg that you can invest.
For example, progress with respect to the time management and productivity dimensions of your existence might make the difference between going from a $10,000 nest egg this year to a $20,000 one next year, whereas spending the same amount of time and energy becoming better at money management would enable you to earn 6% yearly instead of the 4% you currently do.
Ask yourself this: would you rather make 6% of $10,000 or 4% of $20,000?
The answer should be obvious, as should the fact that as explained through this animation, time management (as well as productivity) can be just as important as money management and as such, understanding the economics behind them is a must.
