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Alma 37:6-7 reads,

"Now ye may suppose that this is foolishness in me; but behold I say unto you that by small and simple things are great things brought to pass;...and the Lord God doth work by means to bring about his great and eternal purposes; and by very small means the Lord...bringeth about the salvation of many souls."

I've spent a great deal of time in the scriptures of late, and have the recurring witness that our lives have purpose.  It is of the most urgent nature that we, personally, develop purpose for our lives. We have been commanded to seek perfection, and our pathway thereunto is more directed when it is concretely purposeful.  Why compel to find a purpose early in life?  Peters and Waterman suggested, and I concur, that

"We find it compelling that so many thinkers from so many fields agree on the dominating need of human beings to find meaning and transcend mundane things. . . . So strong is the need for meaning, in fact, that most people will yield a fair degree of latitude or freedom to institutions that give it to them." [Thomas L. Peters and Robert H. Waterman, Jr., In Search of Excellence (New York: Harper and Row, 1982), pp. 76–77]

How do we allocate our time?  In what activities do we consistently engage?  What of our passions, pleasures, and happinesses?  If we indeed yield a fair degree of latitude or freedom to institutions that lend meaning, and our time is bejeweled in preciousness, we must find meaning quickly to save the wasting of our time.