"Time is money", is a famous phrase from when the factory system started. It had to do with machines being able to craft a product and that meant revenue. Every hour of the machines working costs you money, the more products they craft in that hour means you take in more money. Simple, right?
"Time is priceless" should be embedded in our system by now, but it hasn't quite caught on just yet. Just like with ecosystems, now we understand what waste really means. And waste only really happens with that which is limited.
Time is NOT money. You can get money back if you loose it, you can ask for a loan, you cannot get time back, you cannot borrow time. Even if you have all the money in the world, or if you worked hard and a benefactor gave it to you for free, you should not spend that money in any way that would force you to splurge your time. You can do far more if you have little money but invest your time.
Therefore wasting time can be defined as whenever you are doing something that is not part of you passion, or will not get you closer to your personal fulfillment. People kid themselves all the time whenever they waste time, they claim there are things like unintended consequences that will help you in the future. Of course everything you do has unintended consequences! But betting on them is like buying a lottery ticket, you can't bet all your future on it, you'd better start building your myth. Because it is very different if the unintended consequences come from the myth...
You should take everyday as an opportunity to design, to work, to keep getting your message through, to avoid getting rusty and more importantly, all of these add up towards building the mythology that will allow you to build a tribe.
Money and connections can build a factory any day. Factories are not only boring and so last century, but have become an economically challenged business. And worst of all, they make you waste your time. If you want to build a factory, keep on networking the old fashion way: more connections are better. When the latest we have learned from the tribe model is that fewer, yet tighter connections are far better: they are built from work&passion-up, they get you in touch with who you need, they allow you to go forward, fast.