If you had a bank that credited your account each morning with $86,400—with no balance carried from day to day—what would you do? How would you spend your money? Well, you do have such a bank…time.
Every morning, time credits you with 86,400 seconds to use for whatever purpose you choose. Every night it rules off as “lost” whatever you have failed to use toward good purposes. It carries over no balances and allows no overdrafts. You can’t hoard it, save it, store it, loan it, or invest it. You can only use it.
Here’s a story that drives the point home.
Arthur Berry was described by Time as “the slickest second-story man in the East,” truly one of the most famous jewel thieves of all times. In his years of crime, he committed as many as 150 burglaries and stole jewels valued between $5 and $10 million. He seldom robbed from anyone not listed in the Social Register and often did his work in a tuxedo. On an occasion or two, when caught in the act of a crime by a victim, he charmed his way out of being reported to the police.
Like most people who engage in a life of crime, he was eventually caught, convicted and served 25 years in prison for his crimes. Following his release, he worked as a counterman in a roadside restaurant on the East Coast for $50 a week.
A newspaper reporter found him and interviewed him about his life. After telling about the thrilling episodes of his life he came to the conclusion of the interview saying, “I am not good at morals. But early in my life I was intelligent and clever, and I got along well with people. I think I could have made something of my life, but I didn’t. So when you write the story of my life, when you tell people about all the burglaries, don’t leave out the biggest one of all…Don’t just tell them I robbed Jesse Livermore, the Wall Street baron or the cousin of the king of England. You tell them Arthur Berry robbed Arthur Berry.”