UNDERSTANDING ACCOUNTING TALK 18 Time in Balance Sheets

For many of us 9 to 5 drudges, our only assets (little cash, mortgaged house, car not fully paid, clothes, etc) are non-earning assets. The only earning asset we have is our time, our manhours, for which we get paid and by which we dream to own earning assets in the future (stocks, real property, surplus cash enough for money market placements, etc).

While our time and manhours cannot be placed in the Balance Sheet of our personal financial condition, these are nevertheless earning assets in the truest sense of the word.
Our time and manhours will never qualify as collateral or security for a bank loan. However, note carefully that a loan officer will always ask what we do with our time (i.e. how we are employed) and accordingly decides on how much we are worth and how much can be lent.

Time and manhours should be maximized and optimized, just like any Balance Sheet Asset. The 14 October Post in BIZ CHICKS RULE: WHAT TIME IS IT shows one way of maximizing and optimizing time and manhours.