We have all heard the phrase, “Time is money.” Many people equate that strictly with the idea of making more money. Let’s take another look at this simple phrase.

Think about balancing your time and money for the optimal benefits to you. Aim to achieve the goals that are the most valuable to you. Applying this integrated view may open up some new options you had not thought of before.

Grab a notepad and jot down your schedule for the next day or for the upcoming week. Think about the time you have and the finances you have and determine whether these two things are moving you forward the way you would like.

Think about some of the dreams you hold and start using your time and money to make the dreams a reality.

Where do you want to be in one year or five years? Would you like to be free of credit card debt? Do you want to travel the world? Would you like to have a set amount for retirement? How can you change some of your habits to move the resources you have to make these dreams part of your overall plan?

Can you make time to get a second job or to invest in yourself with additional education to stay valuable? Do you need to adjust your work schedule to make time for family activities and obligations of parenthood? Can you set aside money today for a better life tomorrow? Do you really need to pay a monthly fee for a storage unit as a “vacation home” for all your extra stuff?

This process is all about finding the balance and value that makes YOUR life meaningful. And the most powerful part of this exercise is that you choose and you implement – it is your choice!

As you decide what you really want, write it down. Project a time frame and you have a goal.

You have now set intentions for what you value most in your life. Quiet all the negative voices or thoughts in your head. Use this plan to start making change.

Will you get there instantly? Probably not.

Will you have to make changes or readjust your plan? Probably so – life happens!

Take 15 minutes right now and think about your goals.

Here’s a great quote from the Dalai Lama to get started: “There are only two days in the year that nothing can be done. One is called yesterday and the other is called tomorrow, so TODAY is the right time to love, believe and mostly live.”

Being intentional and being in the moment are beneficial tools for creating value and living an abundant life. Be present this week and live fully!