What to do with...
All of us at times think about what would be the best way to get the most out of the available resources xyz. In fact, at other times we make a subconscious decision on xyz based on our value system or past experience where we had made a thoughtful choice.
Still doesn't sound familiar? Let's define xyz. XYZ is all the resources a person has got - Time, Energy and Money. Most of our actions use a combination of these - be it me writing this article or you reading this article. We obviously had numerous other options to utilize our resources - check facebook, have a walk, watch a movie, go shopping, go earning.. to name a few obvious ones. On what basis do we decide what action is the best for us? How to make the best use of time, energy and money - assuming we have a limited supply of it, although they can be exchanged for each other e.g. time and energy can be exchanged for money (i.e. the work we do for our living). Had these not been limited, we won't be making statements like I wish I had time for myself/ family/ gym etc. or I wish I had money to buy the latest iPhone/ Ferrari or I wish I had enough energy to go for a walk/ read a book after dinner or climb Mt. Everest.
The below picture tries to explain how we struggle for these three throughout our lives.
The question "what's the best utilization" can be divided into 3 parts - what's best for me in short term/ in medium term or in long term. More often than we realize, there exists a trade-off among these three. What sounds like a good choice in short term could be a disastrous one for long-term or vice-a-versa.
Let see what are the likely choices when we prioritize one of these 3 time frames-
1. Short-term happiness: When we spend (time, money and energy) on activities that give us instant happiness. The characteristic being that they have immediate effect but have little long term impact - apart from may be creating a few good memories. A few classic examples can be - watching a Salman Khan movie, binge eating, drinking alcohol, doing drugs, playing online games (candy-crush, counter-strike, anyone?), going on a world-trip/vacation, going out for a lavish dinner/party/concert or even social service or charity (while expecting nothing in return apart from the instant feel-good). None of these activities is expected to "benefit" you in future - the happiness dies the moment you are done with them. In fact, in long term you might even regret making those choices.
2. Medium-term happiness: When we spend on things with an objective to get happiness over a period of time, though the rate of that happiness may diminish over time and the value of the item too will decrease with time. Examples would include - buying the latest gadgets (smartphone, laptop, gaming console), a new car, a wardrobe makeover. These things will give you happiness over a period of time while you use them (or show them off!) but won't last for long or the happiness resulting from them will go down to negligible - does the 55-inch TV you bought two year ago give you the same happiness it gave when you installed it?
3. Long-term happiness: These are the decisions made while contemplating a distant future, needless to say by compromising on short-term and medium-term happiness - Retirement funds, a house/land which is likely to appreciate in value, activities aimed at making ourselves healthier, fitter or wiser over time (gym, walks, yoga, dieting - if we leave apart the enjoyment part if any).
Type 1 may be labeled as Indulgence/ Enjoyment or Experience, type-2 as Consumption or Things and type-3 as Investment.
While you focus on one, you might lose on the other. In other words - you may want to enjoy today and suffer tomorrow or suffer today with a hope to enjoy tomorrow.
Not surprisingly, most of us don't want to miss on any of the three time frames and strive for a "balance". But is there an ideal mix of the three? Can someone (say, a spiritual guide) find it for us? I don't think so, and on top of that the "optimal mix" is highly dependent on what you "think" is important for "you". Go contemplate, find your optimal mix and make a little more conscious choices in everyday life to align them with your optimal mix. Good luck!
Don't forget to leave your own thoughts below.