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In this tutorial, Mr. Smart introduces the time management matrix, emphasizing its importance for smart living. The matrix divides activities into four quadrants based on their importance and urgency. Importance is linked to personal goals and missions, while urgency pertains to immediate time demands, such as a ringing phone. The first quadrant consists of urgent and important tasks that require immediate attention, like preparing for an important meeting. Understanding and effectively using this matrix is essential for managing time wisely and achieving personal objectives. To learn more about smart living, viewers are encouraged to subscribe to Mr. Smart's channel.