The document discusses people's extensive use of social media, averaging 2 to 9 hours per day spent on platforms like YouTube, Facebook, and Snapchat. This amounts to over 5 years of a person's lifetime spent on social media. However, if this time was spent more wisely, it could make people more productive, wealthy, and lead more compelling lives. The document provides tips for how to transform social media time into an enriching experience, such as setting limits on time spent and curating social media feeds to focus on priorities.