The generalized method of time and transfer con- stants is introduced. It can be used to determine the transfer function to the desired level of accuracy in terms of time and transfer constants of first-order systems using exclusively low frequency calculations. This method can be used to determine the poles and zeros of circuits with both inductors and capacitors. An inductive proof of this generalized method is given which subsumes special cases, such as methods of zero- and infinite-value time constants. Several important and useful corollaries of this method are discussed and several examples are analyzed.