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Last Updated on December 15, 2017

Are You Using Time Differently In The Knowledge Economy?

Are You Using Time Differently In The Knowledge Economy?

The saying used to be that “time is money,” with the thinking going that putting in more time will guarantee good results. A common example of this is the 10,000 hour idea put forth by Malcolm Gladwell and others. In short: if you want to master something, you need 10,000 hours of repetition at it. This would directly tie “time” (the hours) to “success” (mastery), but unfortunately, the 10,000 hour theory has been debunked by many.

Here’s a micro example: sometimes, a person will study for days and days (time) for a test, then do poorly (no success) on the test. How is this possible?

It is because results and success have less to do with time, and more to do with how productively you’re using the time — namely, how much attention you’re giving to receiving information and applying it appropriately.

The history of time

In the then agriculture-driven economy, time management wasn’t so important. Most people spent their days farming or tending to animals. Why would anything really need to be tracked, per se?

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Soon, the Industrial Revolution moved more people off farms and into factories. Now there was a reason to track time. The evolution of the 40 hour work week (around the mid-1920s) made time a huge commodity. Time was, essentially, the new money. To get paid your hourly wages (actual money), you had to track time. Your value was quite literally tied to the hours you put in.

    The current economy has been described often as “The Knowledge Economy.” It’s much less about the number of hours put in (although people still work a lot), and much more about the amount of knowledge you can acquire and transform into something better.

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      The problem: many management approaches still are focused on the time side. Consider the idea of “seat time.” Most places in the first world are WiFi-enabled, so many Knowledge Economy workers can work from anywhere. They can access emails and files via the cloud. But lots of bosses are obsessed with “seat time,” or seeing the employees physically in a place near them. It doesn’t make sense, but it’s rooted in the “time is money” economy.

      Right now, many companies are focused more on employees being in a specific place for a specific period of time, instead of how to increase focus, energy, and delivery of high-impact tasks. And what’s worse: the “time is money” attitude stresses out employees majorly.

      Manage your energy and attention, not your time

      For as long as we can predict, time will continue to tick on at the same rate, but what actually fluctuates on a day-to-day basis is how much energy and attention you have — in the Knowledge Economy, that’s what makes or breaks how productive you are, and more important, it’s something you can actually control.

      Time is a necessity of work and of nature, but as far as productivity is concerned, it should merely be the backdrop against which you work.

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      Consider the sheer idea of the 9-to-5 workday. Today, when productivity is about what you accomplish and not how much you produce, a nine-to-five workday makes as much sense as diligently tracking your time out on the farm. After all, what if your Biological Prime Time falls when you’re not working, and you have the most energy from 6 to 9 a.m., or from 7 to 11 p.m.? Or what if you have trouble focusing because you’re trying to multitask on a million things at once? Or what if you’re constantly bombarded by distractions and interruptions?

      People — all workers — are different. And if the goal is productive output, we need to understand and respect that.

      When we schedule time for something, what we’re actually doing is simply deciding when we will invest our attention and energy into the task. That’s where time management should fit into the productivity equation. Managing your time becomes important only after you understand how much energy and focus you will have throughout the day and define what you want to accomplish.

      It’s much less about the time involved, and much more about the output.

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        So how can we work less and get more? 

        If your workplace has flexible working hours, make use of that. Have enough rest and come in ready to work so that you are at your optimum performance. During the day, take short breaks to disconnect. The optimal human ratio for work is 52 minutes on, 17 minutes off. 

        Schedule, but schedule differently: I schedule my entire day, and I’ve found that doing so makes me incredibly productive—especially when I form a strong intention about what I’m going to get done. But I only ever plan out my day after I account for how much attention and energy I will have, and most important, what I intend to accomplish.

        Consider “focus days” where your entire focus is high-level, big projects and new learning. Block your calendar out so no one can throw meetings on it and stir up distractions.

        Remember that the goal of the Knowledge Economy is different from the goal of the initial Industrial Economy. Now your time needs to be productive, not just a set amount of hours, so move towards that.

        Featured photo credit: http://www.theindependentbd.com/printversion/details/73926 via theindependentbd.com

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        Brian Lee

        Chief of Product Management at Lifehack

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        Last Updated on October 17, 2018

        7 Natural (And Highly Effective) Ways to Improve Memory

        7 Natural (And Highly Effective) Ways to Improve Memory

        How is your memory? Is your cognitive function as strong as you’d like it to be?

        If not, then you’re definitely going to be interested in the memory improvement tips I’ll be sharing with you in this article.

        Despite what you might think – or have been told – improving your ability to recall information is certainly possible. You just need to know the right ways to do it. (Don’t worry, as you won’t need to make any significant lifestyle changes.)

        So how to improve memory? Let’s dive straight into the first of seven easy ways to improve your memory significantly.

        1. Meditate

        We live in a world of non-stop, 24/7 information. It’s like a waterfall that’s endlessly pouring news, data, facts and figures into our conscious minds.

        Unfortunately, our brains are not designed to absorb this tremendous amount of information. It’s no wonder then, that most people struggle to remember information and recall things.

        Even if you believe you have a good memory and are comfortable with multi-tasking, you’ll also be aware that there’s only so much information your brain can process at one time. And research suggests that the more information and distractions, the harder it is for you to transfer information to your long-term memory.[1]

        Fortunately, meditation can help you out.

        Even if you just meditate for 10 minutes per day, you’ll boost your ability to focus, which in turn, will make it easier for you to remember important facts.

        If you need help in shifting into a meditative state, I recommend trying an app like Headspace – which can assist you to achieve this in a convenient and structured way.

        And don’t forget, meditation doesn’t just have to be closing your eyes and sitting in a lotus position. Some people prefer to simply take a short walk in nature. This clears and calms their mind, and still provides the all-important boost to their focus.

        2. Get plenty of sleep

        If you’re sleep deprived or have not been sleeping well, then I’m guessing you’re not remembering well either. This is because sleep and memory are intimately connected.

        If you have a busy life and regularly find yourself not getting enough sleep, then this will negatively impact your cognitive abilities – including your memory.

        How much sleep should you be getting?

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        Well, according to the National Sleep Foundation, you need a minimum of seven to nine hours of sleep per night. If you get this amount of sleep regularly, then within just a few days, you’ll see a tangible improvement to your ability to remember and recall things.

        Now, I’ll be honest with you, maintaining a proper sleep cycle is not always easy (especially when the latest Netflix series has just been released!). But if you care about improving your short-term and long-term ability to remember things, then it’s critical that you try to get at least the recommended amount of sleep every night.

        Are there ways to hack the sleep cycle?

        Yes, there are.

        Try these three things:

        • Have a fixed bedtime (preferably before 10pm)
        • Don’t eat too late
        • Make sure your bedroom is as dark as possible

        Sleeping is a precious activity. It regenerates your body, clears your mind, and helps with the storing and retrieval of information.

        However, don’t sleep just yet, as I want to tell you about another great way to increase memory…

        3. Challenge your brain

        When was the last time you challenged your brain?

        I don’t mean challenged in the sense of overeating or undersleeping. I’m referring to stretching your mental capabilities through things like crossword puzzles, Sudoku and memory games.

        To expand your memory bank, and to make your recall razor-sharp, you need to continually challenge your brain.

        Feedback from Lifehack readers such as yourself, has suggested that brain training apps are a super-effective way of doing this. Used regularly, these apps can enhance your focus, attention span, problem-thinking ability and memory.

        There are hundreds of these apps available (most of them for free), but I recommend starting out with one of the big three:

        • Peak (Android/iOS, free, 10 million+ downloads)
        • Lumosity (Android/iOS, free, 10 million+ downloads)
        • Elevate (Android/iOS, free, 5 million+ downloads)

        If you normally spend a chunk of your week playing computer games, then instead of shooting and killing your enemies, why not let some of them live – while you put your attention into boosting your brain power!

        Challenging your brain will strengthen your neural pathways and enhance your mental abilities. But don’t just take my word for it, try one of the apps above and see the positive benefits for yourself.

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        4. Take more breaks

        When I think back to my days as a budding entrepreneur, I distinctively remember working all the hours under the sun – and many under the moon too!

        At that time, I believed that breaks were for the weak, and to become wealthy and successful, I needed to shed blood, sweat and tears.

        However, I was wrong.

        Taking regular breaks is the best way to keep yourself productive, creative and alive to opportunities. It’s also the best way to learn new information.

        Let me explain.

        Typically, when studying lots of new information, most people will spend hours reading it – in an attempt to learn and remember the content as quickly as possible. Unfortunately, they’ve overlooked something.

        Namely, extended study sessions are rarely a good thing, as your ability to retain information naturally declines after a certain period of time.

        It’s similar to physical exercise. You wouldn’t attempt to train vigorously for four hours in a row. Instead, you’d take regular breaks to give your lungs, heart and muscles adequate time to recover. Failing to do this will result in muscle cramps and overexertion.

        It’s the same with your brain. If you overload it with information, you’ll suffer from mental fatigue.

        What’s the answer?

        Make sure you take regular breaks when learning new information. I recommend at least a 10-minute break every hour. (You may also want to take a look at the Pomodoro Method.)

        If you don’t want to be as regimented as that, then take breaks as soon as you find yourself losing the ability to focus on the new material. Your brain will thank you – and your learning aptitude will move up a level.

        5. Learn a new skill

        I love this quote, as it’s 100% true – but frequently overlooked:

        “Learning never exhausts the mind.” – Leonardo da Vinci

        From my experience of helping to develop the careers of dozens of Lifehack employees, I can definitively say that participating in meaningful and purposeful activities stimulates the mind. It also reduces stress and enhances health and well-being.

        Let me give you an example of this:

        Imagine you work for a global financial institution in one of their call centers. You take over 100 calls a day – many of them complaints. When you started the job a few months back, you were excited to be in full-time employment and working for a household name.

        Unfortunately, your initial enthusiasm quickly turned into frustration.

        The endless complaint calls began to take their toll on you. And the supervisors irritated you too, as they were far too interested in micro-managing you – rather than letting you work in your own way.

        Now, in the story above, the ending could be that you put up with a job you didn’t like, and led a dull and frustrated working life for years and years. However, an alternative ending is this: you channeled your dissatisfaction in to learning a new skill (computer coding). It took you a year or two to get up to speed, but it allowed you to successfully upgrade your career – and the ongoing learning made the call centre job much more bearable.

        Clearly, learning new skills gives you impetus, focus and something to aim for. Your brain loves to learn, and you should tap into this by always seeking our new information. And when learning becomes a habit, you’ll find your ability to remember and recall things effortlessly, becomes a habit too.

        6. Start working out

        If you’re not already working out regularly, then here’s another reason to do so:

        Exercising for 20-30 minutes three times a week will improve your long-term memory.

        Regular exercise increases blood flow in your body and supplies the brain with extra oxygen and nutrients. And a well-nourished brain is a well-functioning brain!

        “But I just don’t have the time?,” I hear you say.

        Not a problem.

        A research has shown that a daily burst of 60 seconds of high-intensity exercise, offered many of the benefits of the longer exercise routines.[2] So, if you’re short on time – now you know what to do.

        Interested in getting started?

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        Here are five different ways that will help you work out:

        • Join a gym
        • Join a sports team
        • Buy a bike
        • Take up hiking
        • Dance to your favorite music

        7. Eat healthier foods

        I’m sure you’ve heard the expression: “You are what you eat.”

        This applies to your brain too.

        The food that you eat helps determine your brain’s capacity to store and recall information. A poor diet (think junk food + soda!) harms not just your physical health, but your mental health too.

        Fortunately, there are several foods that are especially good for your brain and your memory. These include: blueberries, celery and dark chocolate. But anything high in antioxidants will have a positive effect on your brain and memory.

        Conversely, highly-processed foods and those loaded with sugar will have a negative impact on your memory. This is due to them providing insufficient nutrients for your brain – leading you to easily suffer from mental fatigue.

        Want to be mentally healthy? Then eat and drink an abundance of these for brain health:

        • Turmeric – helps new brain cells grown
        • Broccoli – protects the brain against damage
        • Nuts – improves memory
        • Green tea – enhances brain performance, memory and focus[3]
        • Fish oilfish oil supplements can increase your brain power

        Here’re more brain food options that improve memory!

        Final thoughts

        I sincerely hope these seven memory boosting ways that I’ve covered in this article will be of help to you.

        You don’t need to implement them all. I suggest just trying the ones that appeal to you.

        But, if you’re serious about dramatically improving your memory, then make a start right now on adopting one or more of the ways I’ve suggested. I’m confident you won’t regret it.

        Featured photo credit: Eric Ward via unsplash.com

        Reference

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