Do you have a balance between the time you commit to work and the time you consider to be free – that time that you totally control? Most folks are not very good at creating that balance. Perhaps looking at the issue logically can help.
What is value? For this discussion, let’s say value is something that creates happiness and joy, but also has a monetary component. At this point, let’s say work will create zero value except for the necessary compensation to subsist.
So, why don’t we just quit work and enjoy all the available time? It’s a bit more complicated. The income created from work can be equated to the value of your free time. Monetary currency creates the opportunities to enjoy life by traveling, dining out, buying nice things, and so on. On the other hand, it makes no sense to only work, and not have time to enjoy your life. Do you have lots of toys and no time to enjoy them? There has to be a balance between work and play.
Let’s look at a few concepts from an economics perspective:
First, there is only so much time in each day. The more you work, the less time you have available for play.
Second, since time is finite, it has tremendous value. If you work a lot, your free time becomes a more scarce resource and even more valuable.
Third is the concept of “Opportunity Cost – the basic relationship between scarcity and choice.” It’s the price you pay for the choices you make. That price can be monetary, or somewhat intangible.
How does this work in the real world? Most salary folks have few opportunities to increase income and only work as much as needed to survive. It’s assumed that the number of hours worked is fixed. When you shift that perspective to one that allows the number of hours worked to vary, many factors begin to change. If you work less, your free time is of less value. If you have more free time, you can always find things to do. If you wind up having to work more, however, you may have issues.
When the amount of our free time declines in this fixed income example, the value of that free time increases. At the same moment, the value of time worked is incrementally reduced. You are essentially working more hours for the same compensation and have less free time to enjoy as you see fit.
What does this have to do with aviation, you ask? Well, consider how you manage your time – whether you’re at work or play. Do you need to travel? How do you manage to get where you need to be. Do you drive? Do you walk? Do you travel on the commercial airlines?
Enter the General Aviation aircraft – consider it a time machine. By utilizing a GA aircraft for travel, you can substantially reduce the amount of time it takes to move from one location to another. The time you save can be used to increase business productivity, or reapplied to your personal free time. Associated travel cost can be reduced, as well.
The time you add to your personal life might be priceless. You can still have a full day of meetings and be home for dinner with your family, or the ball game with the kids. You can maximize your time in the office or with clients, and still get away for the long weekend at the coast.
GA aircraft have been around for many years and come in all shapes and sizes. They can be utilized for business or pleasure. They have been designed to be efficient and economical. Current aircraft being produced today utilize the most modern production means available and are equipped with space age electronics.
What is your free time worth? Is it worth a ride in a time machine? If so, regain control of your time and give us a call. We operate several time machines. I’m sure we have just the right one for you!
Steve Wiley
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