Time is money, Money comes from productivity, which means, productivity should be done with time in mind. A work that needs to be done within 1 hour shouldnt be given 1 day which would result in complete wastage of time, money and energy. If you have got anything at all to do with production, that comes with a deadline for delivery to the client, without a bit of time management things would be a lot difficult, and your costs will go above what you actually charge your client in manpower and other resource consumption, and you naturally cant bill your client for your lack of time management.

After college, you start your real career. Though you consider as choosing the streem in college is the beginning of your career, the college is timebound. The real career begins when you start working. The job industry is highly risky, if you dont give yourself sufficient developments and improvemtns, you would become stagnant, and you will find that you are not moving ahead in the ladder. You need to set your career goals properly if you want to see yourself climbing up the ladder and dont want to be seen overtaken by your former collegues.

A man has to do few things in his own life. Settle down, buy a few cars, one or 2 houses, invest some money here and there, build a fund for kids education, and plan your retirement. If you dont plan these things, life would be hell, and your kids would loose a lot. You should manage your life, plan things and do some personal goal setting and make sure that you do live happily ever after, and that your kids prosper after you, ahd make sure that they do get what they deserve when they are growing up before they become independent.