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Most of Us Have a Bank Account, but Very Few of Us Keep A “Time Account”

Most of Us Have a Bank Account, but Very Few of Us Keep A “Time Account”

Are you investing your time or spending it? Is this something you have even thought of before? If not, you should. As Roger Hamilton stated in Wink and Grow Rich,

“When you invest your time in yourself, it is time invested on your health, on quality activities that enrich your life. New experiences and greater energy and vitality that make you stronger every day.”

Time is an asset in our life that we should value more than money. Once wasted, we can always earn more money. Yet, time wasted is lost forever. Once we understand the importance of time, wealth seems to follow.

So how do we invest our time? And how can we visualize it?

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We can do this by using a method that was originally developed to calculate an employer’s payroll, a method called Timesheets. However, let’s not look at Timesheets as a simple time card or punch card. Instead, think of them as Productivity Boosters. Think of them as your own personal Life Dashboard. Let’s look at some different types of Timesheets, then we will take a look at how to use them.

Now let’s take a look at how to create your Life Dashboard.

Creating Your Life Dashboard

It doesn’t matter if we are developing a Timesheet for our business or our personal life, we must get better at investing our time. Here is a simple way to use a Timesheet.

1. Pick the tool that suits you

Find an approach that you will stick with.

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Easiest way: Microsoft Excel

Here you can get creative and create your own Timesheet application.

    Toggl

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    This is an easy to use iOS, Android, Linux, or Windows application for tracking time. You can use this app for free or you can upgrade to the Pro version. Some of the free features include: tracking reminders and time, creating a timeline, a team dashboard, a Pomodoro timer, and project management features.

    Timely

    Timely is an app that is great for turning your calendar into a time tracker. It is available on iOS, Apple Watch, Android, and Windows applications. This app is free with a Pro version available as well.

    Everhour

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    Here we have a web-based Timesheet designed for team management. Everhour allows teams to seamlessly integrate project management tools, such as: Asana, Trello, Basecamp, GitHub, JIRA, or Pivotal Tracker. Additionally, you can create custom reports, task dashboards, and watch in real time with a live dashboard. This is a great option if you are looking for a technological upgrade from Excel. Everhour is free to use with a Pro version available for upgrade.
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    2. Use a Timer

    Tasks always appear to be more manageable when we break them into chunks. Similarly, by breaking time into bite-sized chunks, we can accurately track time spent on every activity. Additionally, you must use a timer. If a timer is not built into the app you are using, then you must use a separate timer.

    3. Review your personal data

    Start looking for time traps that are taking away productivity. The only way to identify a time trap is to track your time which is your personal data.

    A Timesheet allows us the ability to visualize how we spend our time. Just as an online banking account allows us the ability to visualize how we spend our money, a Timesheet helps us visualize how we spend our time. We all know that we should invest more of our money. Time is no different. In the end, we are all the product of our choices in life. Using an analogy from Wink and Grow Rich, think of a watering can,

    “The more you sprinkle it, the more you grow. Directions for use: Apply, Rinse, Repeat.”

    Reference

    More by this author

    Dr. Jamie Schwandt

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    Last Updated on March 31, 2020

    How To Break the Procrastination Cycle

    How To Break the Procrastination Cycle

    How often do you find yourself procrastinating? Do you wish you could procrastinate less? We all know how debilitating procrastination can make us feel, and it seems to be a challenge we all share. Procrastination is one of the biggest hindrances to moving forward and doing the things that we want to in life.

    There are many reasons why you might be procrastinating, and sometimes, it is really difficult to pinpoint why. You might be procrastinating because of something related to the past, present, or future (they are all intertwined), or it could be as simple as biological factors. Whatever the reason, most of us follow a cycle when we procrastinate, from the moment we decide to do something to actually getting it done, or in this case, not getting it done.

    The Vicious Procrastination Cycle

    For some reason, it helps to understand that we all go through the same thing, even though we often feel like the only person in the world who struggles with this. Do you resonate with the cycle below?

    1. Feeling Eager and Energized

    This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it!

    2. Apprehension Starts to Come Up

    The beginning stages of optimism are starting to fade. There is still time, but you haven’t done anything yet, and you start to feel uneasy. You realize that you actually have to do something to get it done, and that good intentions are not enough.

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    3. Still No Action

    More time has passed. You still haven’t taken any action and probably have a lot of excuses why. You start to panic a little and wish you had started sooner. Your panic starts to turn into frustration and perhaps even irritability.

    4. Flicker of Hope Left

    You can still make it; there is a little time left and you ponder how you are going to get it done. The rush you get from leaving your task until the last minute gives you a flicker of hope. There is still time; you can do this!

    5. Fading Quickly

    Your hope starts to quickly fade as you try desperately to understand why you just can’t do this. You may feel desperate and have thoughts like, “What is wrong with me?” and “Why do I ALWAYS do this?” You feel discouraged, or perhaps angry and resentful at yourself.

    6. Vow to Yourself

    Once the feeling of anger or disappointment disappears, you most likely swear to yourself that this will never happen again; that this was the last time and next time will be different.

    Does this sound like you? Is the next time different? I understand the devastating effect that procrastination has on many lives, and for some, it is a really serious problem. You also have, on the other hand, those who procrastinate but it doesn’t affect them in any way. You know whether it is affecting you or not and whether it undermines your results.

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    How to Break the Procrastination Cycle

    Unless you break the cycle, you will keep reinforcing it!

    To break the cycle, you need to change the sequence of events. Here is my suggestion on how you can effectively break the vicious cycle you are in!

    1. Feeling Eager and Energized

    This is when you commit to taking a new action or getting something done. You are feeling confident and optimistic that, this time round, you will do it! The first stage is always the same.

    2. Plan

    Thinking alone will not help; you need to plan your actions. I always put my deadlines one or two days in advance because you know Murphy’s Law! Take into consideration everything that you need to do, how long it will take you, and what you will need to get it done, then plan the individual steps.

    3. Resistance

    Just because you planned doesn’t mean that this time is guaranteed to be different. You will most likely still feel the resistance so expect this. This stage is key to identifying why you are procrastinating, so when you feel the resistance, try to identify it immediately.

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    What is causing you to hesitate in this moment? What do you feel?  Write them down if it helps.

    4. Confront Those Feelings

    Once you have identified what could possibly be holding you back, for example, fear of failure, lack of motivation, etc. You need to work on lessening the resistance.

    Ask yourself, “What do I need to do to move forward? What would make it easier?” If you find that you fear something, overcoming that fear is not something that will happen overnight — keep this in mind.

    5. Put Results Before Comfort

    You need to keep moving forward and put results before comfort. Take action, even if it is only for 10 minutes. The key is to break the cycle and not reinforce it. You have more control that you think.

    6. Repeat

    Repeat steps 3-5 until you achieve what you first set out to do.

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    Final Thoughts

    Change doesn’t happen overnight, and if you have some deeper underlying reasons why you procrastinate, it may take longer to finally break the cycle.

    If procrastination is holding you back in life, it is better to deal with it now than to deal with the negative consequences later on. It is not a question of comfort anymore; it is a question of results. What is more important to you?

    Learn more about how to stop procrastinating here: What Is Procrastination and How to Stop It (The Complete Guide)

    Featured photo credit: Luke Chesser via unsplash.com

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