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In this tutorial, Mr. Smart introduces the time management matrix, emphasizing its importance for smart living. He explains that activities can be categorized into four quadrants based on their importance and urgency. Importance relates to personal goals and missions, while urgency refers to immediate time-sensitive issues, like a ringing phone. The first quadrant encompasses important and urgent tasks, such as crises that require immediate attention; neglecting these can lead to significant problems. Mr. Smart encourages viewers to subscribe for more insights on practicing and promoting smart living.