A few days ago, I wrote "24 Hours of Training Per Day" - my goal is to gradually build it so that all of my life is spent devoted to the things that are most important and valuable to me.
That doesn't mean having no fun, because fun is important. That doesn't mean no relaxing, because relaxing is important. That doesn't mean no socializing, because socializing is very important.
You know, I don't differentiate between work and play. I think my time is spent in either excellent, good, okay, or bad fashion. If too much of my time is just "okay" or "bad" - I'm doing something wrong.
Creating, enterprising, thinking and planning, and serious exercising and conditioning are all excellent time for me. Socializing, reading, doing maintenance, walking, research, relaxing, and daydreaming are all good. Okay is general-life type stuff or being semi-productive. Bad is submerging my mind entirely - this could be being stuck in a commute/transit without anything I find worth doing (doing business, socializing, listening to audio, or reading while commuting would move the category to excel, good, or okay) - and bad time is giving in to distraction against my will.
Again, that doesn't mean all work and no play. Consciously choosing to play games or socialize or relax isn't distraction, consciously choosing to watch a good movie or program and enjoy it isn't distraction. Giving in to low level crap is distraction. I've got a copy of Conrad's Heart of Darkness in my Kindle for PC reader - choosing and reading that isn't distraction. Researching a new investment (I bought HP stock a few days ago, I think the stock price is under the liquidation price of the assets + patents of the company... disclaimer: don't listen to me about investing because I don't know what the hell I'm talking about, do your own research, etc, etc.) isn't distraction. Surfing the net mindlessly, without choosing to do - distraction. Bad time.