The time is the life of the servant, it was said by a poet

“…and the time is the most precious thing that you can have concern for preserving–and I see that it is the easiest thing which can be wasted”

Ibn al-Qayyim (may Allaah have mercy upon him) said:

“The wasting of time is more severe than death. That is because the matter of death cuts you off from the worldly life whereas the wasting of time cuts you off from Allaah”

The time is the capital of your wealth. That is because your life which Allaah has decreed for you, He wants that you attain with it the honor of the Deen and the bliss of the hereafter. Therefore if you waste it, the reality of your worldly life will be wasted as well as your hereafter being plundered. There is no (worldly) loss greater upon the servant than the wasting of his time.

The prophet said (what means):

“Take advantage of 5 things before 5 things overcome you:

  1. Take advantage of your youth before your old age.
  2. Take advantage of your health before your sickness.
  3. Take advantage of of you life before your death.
  4. Take advantage of your richness before you poverty, and
  5. Take advantage of your free time before becoming preoccupied.”
    [Narrated by al-Haakim on the authority of Ibn Abbaas.]

So the question stands,

is the wasting of these prize possessions to be considered from the happiness of the Muslim? Therefore with the time the Muslim has the ability to capitalize off of everything that has been mentioned in the hadeeth….

This was taken from “Tahdheerul-Bashar min Usoolish-Sharr” of The Noble Shaykh Muhammad bin Abdillaah al-Imaam (may Allaah preserve him) Page #57-58, Daarul-Aathaar.

May Allaah benefit you all with that which has been mentioned, Aameen.

Abu Yusuf Khaleefah.
http://31097.multiply.com/journal/item/2/From_The_Foundations_of_Evils