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In this tutorial, Mr. Smart introduces the time management matrix, essential for practicing smart living. The matrix categorizes activities into four quadrants based on their importance and urgency. Importance is linked to personal missions and goals, while urgency pertains to time-sensitive matters, like a ringing phone, which may not align with those goals. The first quadrant includes important and urgent issues, such as crises that require immediate attention to avoid negative consequences, exemplified by an impending important meeting. Understanding these quadrants helps prioritize tasks effectively for better time management.