The document discusses how people spend their time on average over a 70 year lifespan. It estimates that the average person spends 25 years sleeping, 8 years in education, 6 years resting or ill, 7 years on holidays and recreation, 5 years commuting, and 4 years eating. This only leaves 2 years for effective work. It then discusses various myths and culprits of wasting time, such as procrastination, distractions, poor planning, and interruptions. Finally, it provides tips for effective time management, including prioritizing tasks, starting important tasks immediately, reducing meeting time, developing time management skills, and learning to say no.