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Welcome to Before Breakfast, a production of IHeart Radio.

Good morning. This is Laura.

Welcome to the Before Breakfast podcast.

Today's tip is to remember that almost every activity or project involves a little bit of planning or administrative time.

There's really nothing wrong with that, but it is important to recognize this tax on your time, so you can organize your life efficiently.

This episode is first airing on April 15th, which has historically been Tax Day in the United States,

the day when people's tax returns from the previous year are due.

I know a great many people file earlier if they are expecting a refund.

A great many other folks file a six-month extension.

But April 15th is at least the day people are most likely to think about paying taxes.

I think a lot of us can hold two thoughts in mind simultaneously.

First, that taxes are necessary, to pay for an orderly society with schools and roads and

emergency responders. That's all good. Second, we don't want to pay more than we need to.

So we take advantage of things like tax-advantaged retirement accounts.

And it turns out that we pay a tax of sorts with our time, too.

Any project you undertake is going to have some planning or administrative component.

If you take a vacation, someone needs to plan it and purchase tickets and find a dog sitter and things like that.

Even if you outsource a lot of the logistics by hiring a travel agent, You'll want to talk to that person about what you

like in your budget and things like that. Plus, you have to find that person. Every work project

involves at least a few meetings or filing reports or making presentations. Again, there's

nothing wrong with this tax. Taxes are necessary. But, once you

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