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