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I am having a time of my life, what does it mean?
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A friend of mine used this phrase some days back. And was wondering what doesn't mean to be having a time?

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I think the phrase "I am having a time of my life" means that a person is having a moment for himself/herself. This could be in a way of reflecting about something or perhaps having a moment of freedom and solitude. This is what I understand about this but you can correct me if I'm wrong.

The other way to put this into perspective is by phrasing it as: I am having the time of my life. This phrase now means that a person is having a very memorable moment of his or her life--something that he/she would consider one of the best. For instance, when a person tells you, "I hope you had the time of your life." It basically means that he/she is hoping that you have enjoyed whatever it is that you did and that you consider that as one of the best experiences you've ever had.

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Yes. It is the meaning enjoy the life. Thanks for your answer. 
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This phrase is always associated with one enjoying life at the moment.it could be about a good job,having money or being in a very jolly mode at that time.This is a phrase about anything that will gladdens the mind and I think people should always experience this to live better.

Your friend is letting you know that he or she is in a better place and as such having the very fun life they have only imagined or fantasizes about Unfortunately, this life is always fleeting it doesn't last but it okay because that's life for us,it runs in circles and endless too,that's why it good to take advantage of all moment because once it goes away it might never be back.So let your friend take out ample time and enjoy the time of the life now.There shouldn't be any hindrances.
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It means that someone is going through a very positive time in their life for whatever reason, a time that will always be memorable, and hopefully all of us will be able to look back and remember a time when they were very happy and having an exciting time. If only it could be like this all the time but if we didn't go through bad times too we would have nothing to compare those good times to.

If I could pick out a time in my life where everything was wonderful I think it would be the birth of my daughter. She was born a few days before Christmas and I got out of hospital on Christmas Eve. It was a magical time for me and although some people may not have found it exciting, to me it was the best feeling in the world and I could not have wished for anything better. For others it could be a new romance, new job or maybe a great holiday, but whatever the reason I think we all have times that we treasure and look back on with great fondness,
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If you friend had said "I'm having the time of my life", I would say he meant that moment was one of the best things that has ever happened to him. Like that moment would be a very memorable one and it is all he ever wished for. Enjoyment and pleasure at it's peak.
Now since the letter "a" is replaced "the", I can easily say that he meant he is having a moment or a phase all by himself perhaps in isolation. It can also mean that he's going through some trying times in his life, a short phase that usually passes just like how people day "midlife crisis."

Perhaps again it can depend on the context in which your friend used it. I admit that using the former is very much common in conversations and it pops up every now and then than the latter.
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If you say that you have a life, you mean that you have interest and activities, particularly outside your work, which makes your life enjoyable and worthwhile. 

" Have the time of Your life " means to enjoy yourself very much. 
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I am having a time of my life means the person is going through something very spectacular or a new experience fill with fun.  Some new experience can be so loving that to convey the meaning it is simple put in the statement ''time of my life', example is going on cruise ship or travelling to a beautiful country. 
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To me I think it means a person is having good time or enjoying their selves after having a hectic or tedious life full of working and hustles. 
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Well , I would like to say my views on it . basically I would describe it has : The best moment you have ever had in your life
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According to me, I will have a time to do good things to all persons who had harmed me. The good deeds will make them feel bad of their bad activities.
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Happiness is the best medicine for someone to wear every day with no problem to think that felt of disgusting and disappointment or sadness. When someone says, "I am having the time of my life," they have a lot of time to themselves like the feeling of happiness, spend for something that they felt free.
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It means that you are having fun and enjoying yourself. You feel like you are living your best life and taking advantage of the opportunities that come your way.
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That means that you're enjoying your life to the highest life! It's used all around the world to indicate that your life is full of happiness and joy! If your having the time of your life WOOHOO!
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Having time for my life means doing something constructive and beneficial to ones Life and that will help him/her in future life.
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Some people believe that time is a mother that creates opportunities for us as we pass by her every day. Others believe that time is a mother that leads us to God every day. either way, it's a pretty involved process and can be pretty confusing!
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If someone says they are having the time of their life, it means they are enjoying themselves immensely and having a great time.
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