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How to Gain More Time Like Making Money

How to Gain More Time Like Making Money

Time is finite. Each of us on this planet are here only temporarily. It’s important to use time wisely, yet it is easy to get caught up spending your time doing things that don’t really matter.  Most people act in ways that are only sustainable if we had an infinite amount of time.  But we don’t.

Imagine you were able to save $10 per day, and let it build. After a year you will have accumulated $3,650. Equally, if you were able to save 10 minutes of a day to be reused later, by the end of the year, you would have saved 60 hours.

What would you choose?

Most would go with the money. It’s understandable. Humans like tangible rewards.

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However, money by its nature is salvageable. If you lose money, you may have the opportunity to make it back again. But time is different. Once an hour passes, you lose that hour forever. What many people often forget is that those accumulated 60 hours can become something far more valuable than $3,650.  To truly value our time, we must convert it into something tangible in our minds.

Money Is Tangible but Time Is Not?

Our lives are a series of experiences.  Everything we pursue is, at the end of the day, aimed at creating positive meaning out of these experiences.  Everyone wants to have more enjoyable experiences than unenjoyable ones, and want the same for those they care about.

But what is the currency that you must trade to have these experiences?

That currency is time.  Everything is just a means to this end.  Without time to spend, everything else is meaningless. You can be a billionaire, but if you had only 1 hour to experience its value, those billions are suddenly not worth so much.

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We are generally much more conscious of how we gain and lose money.  For example, if you dropped $100 on the floor, I’m pretty sure you would immediately turn around and pick it up.  On the other hand, if you wasted 100 minutes doing nothing, it might barely register.

Although we know that time is limited, we often think and act as if it is not. It’s obvious that treating your finances in this way, like having a $100 budget but spending as if it was $10,000, would soon get you bankrupt.  Treating time like this is far more damaging.

“Life is what happens to you while you are busy making other plans”

– John Lennon

The reason that money seems so tangible is because dollar figures are attached to everything around us.  It helps us to assign relative value between things.  But it can be the same for time.

The Only Way to Measure the Value of Time

A day will always be 24 hours. There will always be 60 minutes in an hour, and there will always be 60 seconds to a minute. Some lives are longer, some are shorter, but let’s assume you’re lucky and get around 70-80 years.   How many of these years are the prime of your youth, or in good health?  How many of these years are just short windows in time that you have with your loved ones?  Instead of just considering time as a quantity spent in minutes or hours, how we spend it is more important.  Your quality of life is basically defined by the quality of your time.  And you should also look at it from more than one dimension. For example, ask yourself these questions.

  • How many hours in a day do you spend being angry, anxious, dissatisfied, or unhappy?
  • How much time do you spend actually connecting with a loved one as opposed to just being in the same room as them?
  • How much time do you plan for improving yourself each day, or each week?
  • How many hours of your life do you spend doing things you don’t enjoy for reasons that you don’t really understand?
  • We sleep on average 6-8 hours a night, but how many hours are quality rest?  How many, then.. are just wasted lying in bed?

If these are typical questions that you regularly take actions to address, then you’re well on your way to being in charge of the quality of your life.  If you don’t, then it’s a great time to get started.

I’m not suggesting to quit your job, and spend everyday however you like. That is unreasonable and unrealistic. However, there are countless choices that you make everyday about how you think about things and what you decide to focus on.  You’re constantly making these choices whether you’re aware of them or not.  If you take charge by being consciously aware of these choices, you can gain countless  hours, days, and even years of meaningful time spent.  Everyone has the same 24 hours a day, but you can take control over more of this time than you think.

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The first step is to make quality time a true value in your life, and not just a cliche.

Your quality of life is basically defined by the quality of your time.

What if you could take small actions during the day that vastly improved the quality of your sleep?  Or boost your productivity and energy through the day by investing in a 20 minute nap.  How about spending time connecting more deeply with friends and loved ones in the short time you have with them?  These are only the tip of the iceberg in an encyclopaedia of ways to increase the quality of your time, which is one of our core values at Lifehack.  You can find out more about how to make the most of your time here: Time Merchant.

Some of the greatest regrets we have in life are those valuable moments lost because of how we chose to spend our time.  Imagine the millions we would pay to be able to go back in time to respend those moments, or to make different choices. So make the choice to truly value your time.  While you’re still alive and breathing, it’s never too late!

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Featured photo credit: Picjumbo via picjumbo.com

More by this author

Leon Ho

Founder & CEO of Lifehack

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Last Updated on November 26, 2020

Too Much On Your Plate? 7 Ways to Tackle It

Too Much On Your Plate? 7 Ways to Tackle It

Do you ever feel like you’re crossing off tasks from your never-ending “to-do” list and yet get to the end of your day feeling like you didn’t make significant progress?

Your new marketing plan takes a backseat. The much needed “you time” is put off until next week. The exciting new idea you’ve been working on can wait until life gets less hectic.

You have too much on your plate but unsure of what to do. In a world where we value the pursuit of more—ideas, tasks, actions—what if you were able to shift to valuing less, putting your energy towards what really matters?

There is a way, one where you take control back. Here, you identify what matters most. You make deletion a habit. You leave the cult of busy and value priorities instead of random actions.

In this article, you’re going to learn how to manage the feeling that you always have too much on your plate. Most importantly, you’ll get your mental sanity back while being able to make progress on what matters to you.

1. Delete the Clutter—Literally

As you read this, there is physical, mental, and emotional clutter that is robbing you of precious energy from what really matters. This manifests itself in myriad ways.

Your workspace makes it impossible to focus. Your calendar has recurring meetings that expired months ago. You haven’t had that one conversation that keeps you anxious. In other words, your next level of growth starts with subtraction.

We tend to overestimate how much we can get done while underestimating the amount of time and energy things will take. Researchers call this the “planning” fallacy.[1] The result is that in trying to do too much, we fall short every time.

Instead, start by deleting something today:

  • Donate old clothes.
  • Clear the clutter in your home office.
  • Tell your college friends in the text message thread that you’re going to be away for a while.
  • Scan your calendar for any worn-out obligations that are consuming your precious time, energy, and attention.

While many productivity experts will stack new actions, habits, and routines to your schedule, you’re going to do the opposite. By deleting things out of your life, you create some much-needed breathing room. With this newfound perspective, you can now identify what matters.

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2. Identify Your “Big 3” Priorities

We tend to overvalue new ideas, projects, and initiatives because they provide a tantalizing dopamine hit of possibility. Not being able to set your priorities straight results in having too much on your plate.

  • The new marketing campaign is a can’t miss for doubling profits.
  • The collaboration with someone we admire has unlimited potential.
  • The new podcast we’re launching will turn us into our industry’s top expert.

Right?

Well, not always. Due to the planning fallacy we mentioned above, we often say yes to way too much at once, which means we scatter our limited energy and focus across too many domains.

Instead, take a minimalist approach to your life, career, and business. In any given quarter or “season,” pick one, two, or three main priorities.  These are typically not urgent, yet vitally important projects that move the needle in a significant way. They are not half-hearted tasks, random initiatives, or “fake work”. They are connected to your bigger goals and matter to you.

If you’re having trouble identifying your “Big 3,” write down at least 15-20 possibilities that could be one. Then, take a step back, and highlight the most important ones.

Going forward, you’ll now be able to filter your decision-making by asking a question—will this next task, meeting, action serve one of those priorities?

Granted, not everything you do all day will. But this alone will help you with making better and faster decisions, establishing boundaries, and taking control back of what matters. When you do, you’ll start winning your day with daily, consistent action.

3. Win the Day With 1% Progress

The conventional wisdom of personal growth and self-help have sold you a false myth—the illusion that every day must be a rousing success. Hopped up on motivation, it’s easy to buy into this narrative and yet, sustained success is about consistent action steps compounded over long periods of time.

Enter the 1% rule, which operates under the Japanese philosophy of Kaizen—defined as steady, continuous improvement. Using this rule, you’ll make daily progress a habit and tap into the number one human motivator.

Research by Harvard professor Teresa Amabile and psychologist Steven Kramer dove into why people stay motivated at work. In analyzing 12,000 diary entries where they tracked their emotional state various times a day, they came to one conclusion—it’s not money, it’s not security, and it’s not approval. Progress is more important than anything else.[2]

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To harness what is called the progress principle’, break down the priorities from step two into the smallest possible action.

For example:

  • Instead of “create a marketing plan”, start with the first step—brainstorm marketing ideas for twenty minutes.
  • Instead of “launch website”, choose to complete a draft of your About Me page.
  • Instead of “grow the business”, choose to make three extra sales calls on any given week.

Progress triggers dopamine in the brain, which makes motivation surge, and the cycle repeats itself. One percent today and tomorrow start to accumulate, and incremental growth turns into exponential. To make this a consistent practice, you’re going to lower the bar to get started.

4. Lower the Bar to Get Started

We’ve all found ourselves staring at a blank cursor at the local coffee shop, primed to do important work, and then realized that 55 minutes went by and we got nothing done.

Why? Getting started is always the hardest part, and it’s much harder when you have too much on your plate. Whether that’s your workout routine or working on your priorities, resistance is always highest right before you start.

Borrowing the term from how chemical compounds change at different thresholds, psychologists call this term “activation energy”.[3]

This is a fancy way of saying the energy it takes for you to go from thinking about doing something to doing it. The higher the volume of the task, the longer the wait to get started or, in many cases, we put it off entirely.

Instead, you’re going to play a trick on yourself:

  • Instead of a 45-minute time-block, commit to doing 10 minutes.
  • Instead of a 3-mile run, commit to two loops around the block.
  • Instead of cleaning your home, commit to getting the closet done.

By lowering the bar, you’ll take the pressure off yourself. And, as you’ll notice, once you’ve started, it’s much easy to keep going.

5. Double Your Rate of Saying No

No decision you make is ever in a vacuum. The coffee meeting you agreed to early in the morning means you said “no” to your morning workout. We tend to say yes freely without thinking about the consequences until we’re stuck at a networking mixer or Zoom catch-up we don’t want to be in.

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However, the most important word you can use in the pursuit of taking stuff off your plate is “no.”

Here are two questions to ask yourself when receiving a request or opportunity are:

  • If this was tomorrow morning, would I still say yes? We tend to say yes to anything that is a few weeks or months out.
  • If I say yes to this, what am I saying no to, and is it worth it? This simple question allows you to be aware of the cost.

Saying no creates instant clarity. It deletes “open loops” in our heads and honors some much-needed boundaries. Most importantly, it gives you the time, energy, and bandwidth to pour yourself into your priorities.

Of course, this does not mean you will neglect parts of your life you enjoy. Rather, you will do so with discernment. Otherwise, you will say “yes” to anyone and everyone at your expense.

Instead, say “yes” to yourself first. Say yes to your goals. Say yes to your priorities. Say yes to your creative time before you agree to someone else’s needs and agendas.

6. Leave the Cult of Busy

The cult of busy consumes your precious energy and thrives on making you a card-carrying member who pays their dues with exhaustion, scattered progress, and burnout. Busyness has become a societal badge of honor—a ‘tell’ to let others know you’re important. It’s as if having too much on your plate is a good thing.

However, is busy actually working? On a long enough timeline, busy leads to overwhelm, distraction, and a lot of social media scrolling. To leave the cult of busyness is a courageous act, and it starts with your language.

Research has shown that language provides a look into our beliefs. If we believe we are always busy and don’t have enough time, it’s easy to procrastinate and self-sabotage on what matters.

Next time you want to tell the world how busy you are and how hectic life seems to be, catch yourself. Shift your language, use words like prioritized, focused, committed—and watch how these shift your emotional state.

7. Celebrate Wins Every Day

You’re the worst person in the world to recognize your growth. It’s a bold statement, but I can say that with confidence because I am, too. We all are. We are masters at focusing on what’s not working and the “gap” between today’s reality and our future selves.

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Furthermore, we often discount the goals we worked hard to attain. We brush them off once we’ve achieved them and quickly move onto the next.

It’s time to take control back and celebrate at least three wins every day. These are not about grand moments, it’s about the small ways you showed up. This is essential to helping yourself when you have too much on your plate.

If you want to unlock this even further, identify the ‘ingredient of success’ for your win.

For example:

  • Your win was to show up for your early morning workout, the ingredient is discipline.
  • Your win was to have a tough conversation with someone, the ingredient is honesty.
  • Your win was to publish something before you felt ready, the ingredient is courage.

Why does this matter?

Celebrating small wins has been shown to amplify motivation in our personal and professional lives.[4] By writing these down, you’ll recognize the places where you are growing and are already accumulating the ingredients of your next success.

It’s Time to Take Stuff Off Your Plate

We’ve all felt like we have too much on our plate at some point—and things seem to be getting worse, not better. There are more tasks to do. There are more social media platforms to post and comment on. More inputs are competing for our attention that never seem to end.

The reality is that unless you take control of this now, it will only get worse. But it doesn’t have to be this way.

  • You can delete clutter every day.
  • You can get clear on your priorities.
  • You can choose to leave the cult of busy.

Once you do, you’ll start to value less, not more. You’ll accumulate winning days more often. You’ll learn how to set boundaries and recognize a distraction disguised as a shiny opportunity.

Best of all, you’ll get to the end of your days knowing you are moving forward in your life and business. During these times, nothing could be more important or relevant.

More Tips to Help You End Overwhelm

Featured photo credit: Tetiana SHYSHKINA via unsplash.com

Reference

[1] Journal of Personality and Social Psychology: Exploring the “Planning Fallacy”: Why People Underestimate Their Task Completion Times
[2] Harvard Business Review: The Power of Small Wins
[3] Psychology Today: Activation Energy: How It Keeps Happiness at a Distance
[4] Harvard Business Review: The Power of Small Wins

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