Our checkbook balance tells us how much money we have to spend, invest and give away. But we don’t have a checkbook for our time. I suppose you could say that our lifespan is the ultimate checkbook balance. When we’re out of time… uh, well, you get the idea.
When we’re out of money, we can draw from our time account and make some more money. Not so with time. You can’t directly use money to earn more time. Bankruptcy takes on a whole new meaning.
Time vs. Money
According to a recent study from Cornell University and the University of Michigan, age can make a vast difference in how we balance time and money. The study surveyed 1,000 students and adults about how they view that balance.
Three-quarters of adults preferred to make less money with a job that allowed them to get 7.5 hours of sleep each night.
Students on the other hand (nearly 70%) would rather forego a full-night’s sleep for a position that paid more money.
The study also posed the question whether they would rather have a short commute with a higher rent, or a longer commute with a lower rent. One hypothetical apartment had a lower rent with a 45-minute drive to work. The other apartment costs twice as much, but only 10 minutes from work. The apartments were identical in every other way.
Almost two-thirds of those surveyed chose the cheaper apartment with the longer drive.
Interesting. In each case, the respondents are trading time for money, or money for time. I suppose you could rationalize that even though you spend an hour and a half each day on the road, you can surely make that time up elsewhere. If you’re a young student, time is not as critical. As you age, your time currency becomes more critical.
Can we generate more time?
Not exactly. But we can wring more efficiency out of our ever-depreciating time balance sheet with an increase in productivity. If we wisely use our time to garner our material needs—let’s say we’re able to spend considerably less time doing so—then we have actually gained time for more important pursuits. More accurately, we are able to put some more time into a time “savings” account.
Bottom line? It’s advisable that one doesn’t expend large amounts of time in order to acquire more money. Remember, money is a renewable resource. Time is not.
I welcome your comments.
So how do you take advantage of the power of the Internet to make your mark? The facts are unavoidable. I’ve compile a bunch of stats that drive it all home. If you are involved in a home-based, direct-selling or network marketing business, you simply can’t ignore the fact that online is where it’s happening!
The beauty of it all is that it’s available to you at little or no cost. Take a look:
Email
While not the newest channel, email can still be a provocative, effective way to reach out to prospects, customers and colleagues. It’s an excellent way to engage your audience, nurture leads and promote interaction. Email allows you to target more efficiently.
According to the Pew Internet and American Life Project, 92% of adult U.S. Internet users send or read email. Two-thirds of them do so as a part of their typical day.
Email continues to be just another “arrow in your quiver” when it comes to a powerful online strategy.
Social Media — The new kid on the block
Experian states in their 2011 Social Media Consumer Trend and Benchmark Report that there are 91% of online adults that access social media in a typical month. That’s 129 million individuals!
And a Pew Research Center study on the Internet & American Life Project reports that 65% of adults on the Internet use a social networking site. Anybody who markets themselves should take heed. Social media connects people like nothing before in the history of commerce. The big daddy in this arena is Facebook. Add to that Twitter and Google+ and you have a robust community that awaits you!
According to the Nielsen Social Media Report Q32011, nearly four out of five active Internet users are visiting social network sites and blogs. Americans are spending more time on Facebook than they do any other U.S. website.
And according to the Pew Research Center’s Internet & American Life Project, 28% of all American adults use mobile or social location-based services of some kind. This continued growth and popularity of social media in 2011 has a direct impact on how businesses and individuals communicate and expand their influence.
An interesting note: The Performics 2011 Social Shopping Study reports that men more frequently check out product info, reviews, discover product availability and get store information using social networks and shopping sites. Women, on the other hand, are on top when it comes to deals, coupons and specials.
Online Video
Video has arrived and growing! According to the comScore Video Matrix, more than 184 million U.S. Internet users have viewed online video content in October of 2011. They logged in an average of 21.1 hours per viewer. That’s amazing!
No surprise, according to the report, in October of 2011, YouTube ranked as the top online video content source with nearly 21 billion (with a capital B) videos viewed. Included in that stat is 161 million unique viewers. Facebook came in second with nearly 60 million viewer. All told, that’s more than 42 billion videos viewed, with an average viewer watching more that 21 hours of video! Also amazing.
The other trend in online video is personalization. It’s not just creating a single video and broadcasting it to thousands. Using a single template, create videos targeting individuals… include a unique, personal message that will resonate deeply.
So where to from here?
The facts are clear. Explore, dig in and incorporate the many online tools and services available to you to help build and expand your business! I welcome your comments and suggestions.
Usually it’s better to listen than to speak. Mainly because there just might be others that have something more interesting and thought-provoking to say than what might spill out of my mouth. Along those lines, I’ve collected a bunch of quotes from people throughout the ages that might make you stop and think. Perhaps even reassess your positions on things. Go ahead, give it a read and take these words of wisdom to heart.
On creativity and determination:
What exactly is creativity? Most of us would say we don’t have an ounce of creativity in our bones. I don’t believe that’s true. Creativity doesn’t always mean the ability to paint, write, act or perform a song. It can present itself in many ways—how we raise our children, manage our employees or cook a meal.
So what’s the secret to a creative mind? Countless folks over the years have chimed in the subject.
Charles Mingus:
“Creativity is more than just being different. Anybody can plan weird; that’s easy. What’s hard is to be as simple as Bach. Making the simple, awesomely simple, that’s creativity.”
One of the most important figures in twentieth century American music, Charles Mingus was a virtuoso bass player, accomplished pianist, bandleader and composer. More on Mingus…
George Patton:
“If everyone is thinking alike, then somebody isn’t thinking.”
One of the most complicated military men of all time, General George Smith Patton, Jr. was known for carrying pistols with ivory handles and his intemperate manner, and is regarded as one of the most successful United States field commanders of any war. He continually strove to train his troops to the highest standard of excellence. More on Patton…
Frank Capra:
“A hunch is creativity trying to tell you something.”
Capra was the creative force behind major award-winning films during the 1930s and 1940s. His rags-to-riches story, having worked his way through college, has led film historians like Ian Freer to consider Capra the “American dream personified.” More on Capra…
Albert Einstein:
“The secret to creativity is knowing how to hide your sources.”
Today, the practical applications of Einstein’s theories include the development of the television, remote control devices, automatic door openers, lasers, and DVD-players. Recognized as TIME magazine’s “Person of the Century” in 1999, Einstein’s intellect, coupled his strong passion for social justice and dedication to pacifism, left the world with infinite knowledge and pioneering moral leadership. More on Einstein…
John F. Kennedy:
“A man may die, nations may rise and fall, but an idea lives on.”
As the years have gone by and other presidents have written their chapters in history, John Kennedy’s brief time in office (1961-1963) stands out in people’s memories for his leadership, personality, and accomplishments. More on Kennedy…
Isaac Bashevis Singer:
“The wastebasket is a writer’s best friend.”
Isaac Bashevis Singer was a Polish Jewish American author noted for his short stories. He was one of the leading figures in the Yiddish literary movement, and received the Nobel Prize in Literature in 1978. He is also well known for his memoir of his life, A Day Of Pleasure. More on Singer…
On optimism vs. pessimism:
How we view life has a direct impact on how our lives turn out. You don’t need a degree in psychology or philosophy to understand that. I’ve known my fair share of people that aren’t very happy who also coincidentally have a dark view of the world around them. It’s what you make of it that matters.
Winston Churchill:
“A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty.”
Sir Winston Churchill was a British Conservative politician and statesman known for his leadership of the United Kingdom during the Second World War. He is widely regarded as one of the greatest wartime leaders of the century and served as Prime Minister twice (1940–45 and 1951–55). More on Churchill…
Twyla Tharp:
“Optimism with some experience behind it is much more energizing than plain old experience with a certain degree of cynicism.”
Since the early 1960s, Twyla Tharp has choreographed more than one hundred thirty-five dances, five Hollywood movies, directed and choreographed four Broadway shows. More on Tharp…
Harold Wilson:
“I’m an optimist, but an optimist who carries a raincoat.”
Harold Wilson was a British Labour MP and Leader of the Labour Party. He was twice Prime Minister of the United Kingdom during the 1960s and 1970s, winning four general elections. He is the most recent British Prime Minister to have served non-consecutive terms. More on Wilson…
On heart vs. reason:
If we lead with our heart, it’s really important that it be tethered with a fair amount of consideration from our head. There are always unintended consequences attached to our actions. It takes a bit of reason and thought to temper our passions.
Theodore Roosevelt:
“I think there is only one quality worse than hardness of heart and that is softness of head.“
Teddy Roosevelt is mostly remembered as the 26th President of the United States, but this astonishingly multifaceted man was a great many other things as well, such as Vice President, Governor of New York, Assistant Secretary of the Navy and Colonel of the Rough Riders. More on Roosevelt…
Galileo Galilei:
“Where the senses fail us, reason must step in.”
Galileo Galilei (1564-1642) was an Italian scientist who supported Copernicanism, the idea that earth orbits the sun. For doing so, he was tried during the Roman Inquisition, found “suspect of heresy” and spent the rest of his life under house arrest. His findings changed our world view for all time. More on Galileo…
Thomas Jefferson:
“Errors of opinion may be tolerated where reason is left free to combat it.”
Thomas Jefferson was an author of the Declaration of Independence and the Statute of Virginia for Religious Freedom, third president of the United States, and founder of the University of Virginia. He voiced the aspirations of a new America as no other individual of his era. As public official, historian, philosopher, and plantation owner, he served his country for over five decades. More on Jefferson…
Benjamin Franklin:
“If passion drives you, let reason hold the reins.”
Benjamin Franklin was extremely important in the history of the move from thirteen individual colonies to one unified nation. His actions as elder statesman and diplomat helped ensure independence. His scientific and literary achievements helped him earn respect at home and abroad. While in England, he also received honorary degrees from St. Andrews and Oxford. His significance cannot be understated. More on Franklin…
Henry Ford:
“Thinking is the hardest work there is, which is probably the reason why so few engage in it.”
Henry Ford was a prominent American industrialist, the founder of the Ford Motor Company, and sponsor of the development of the assembly line technique of mass production. His introduction of the Model T automobile revolutionized transportation and American industry. As owner of the Ford Motor Company, he became one of the richest and best-known people in the world. More on Ford…
Voltaire:
“Prejudices are what fools use for reason.”
After being exiled from France due to his writing, Voltaire came back only to again flee Paris after another uproar. He is best known for his tome, Candide (1759), a satire on philosophical optimism. He also took an interest in any cases of injustice, especially resulting from religious prejudice. More on Voltaire…
Hope you found these inspiring and enjoyable. I did. Just thought I’d share. I welcome your comments and your favorites quotes. BTW: There will be a follow-up post with some more words of wisdom.
Some people with too much time on their hands are claiming, according to the ancient Mayan calendar, that the world will end on December 21, 2012. It appears that the exact time of day is somewhat in dispute (so much for synchronizing our watches). This news kind of puts a smudge on my “Things to Do in 2013” checklist.
But my overwhelming sense of optimism tells me that there’s a bright side to this whole issue. So I’ve assembled a short list of short-term New Year’s resolutions for 2012 that will help us all cope with the impending doom. Pay it heed and you might be able to reduce your stress levels. And save a few bucks in the process.
These aren’t in any particular order of importance (except maybe number 10):
1. Let your subscription to People magazine expire.
You no longer need to worry about Brad and Angelina, who’s wearing what at the Oscars, who will be the sexiest man of 2012 or the next celeb contestants on Dancing with the Stars.
2. Go ahead, eat that second dessert.
Gain a few pounds. Who cares? And while you’re at it, cancel your gym membership.
3. Avoid “Early Bird” registration for next year’s company convention.
You’re just wasting your money. Don’t let them pressure you with the “big savings” pitch. Remember, you won’t be going.
4. Don’t return those two library books.
You can easily avoid that busybody librarian at your local branch for a few months.
5. Fire your tax accountant.
He’s going to cost you just so you can save some dough on your taxes. What for? For the first time in decades you won’t be paying any taxes.
6. Don’t vote in November.
Your vote will mean even less this election.
7. Leave your Christmas lights up after New Year’s.
Be the neighborhood renegade. Laugh in the face of your Homeowners’ Association.
8. Stop stressing over your next parole hearing.
It’s a lot of worrying for nothing.
9. Party like there’s no tomorrow!
Uh… because there isn’t going to be a tomorrow. You can fund your partying by cashing out your IRA and 401k accounts. And while you’re at it, why not do the same with your life insurance?
10. OR YOU COULD DO THIS:
Don’t let some primitive pre-Columbian civilization shape your destiny. Just because some old calendar ends doesn’t mean we all perish. We’re rational human beings after all (at least most of us). Don’t let a little Mayan negativity get you down.
Do you remember the story of Chicken Little from your childhood? It seems that after she gets hit on the head by a falling acorn, Chicken Little runs around frantically declaring that “the sky is falling, the sky is falling!” The story follows her and her pals Henny Penny, Cocky Locky, Ducky Lucky, Turkey Lurkey and Goosey Loosey on a very frenzied—and fateful—journey.
Let’s not be like Chicken Little, Henny Penny, Cocky Locky, Ducky Lucky, Turkey Lurkey or Goosey Loosey. The sky isn’t falling. Instead, let’s make 2012 a banner year… and 2013 even better! Take on the day. Besides if the end is near, there’s not much we can do to change it.
Be talkin’ to ya this time next year.
If you work for yourself, finding enough time to get everything done is job one. But unless there’s somebody out there offering extra hours on sale, we’re stuck with making the best of what we have—24 per day. That’s why it’s important to make the most of them. I’ve compiled a short list of tips to do just that (not in any particular order):
1. Get enough sleep
I know I sound like your mother, but you need to get a good night’s rest. We don’t really have all 24 hours in the day to be more productive. Six to eight of them should be dedicated to a refueling of our bodies. While we’re not really accomplishing anything specific during that time, we’re actually prepping ourselves for the next 16 hours. So get up refreshed and the day goes down much easier.
2. Outline your day
When I write, I typically start with an outline. It creates a roadmap of where it’s going to take me. But an outline is much different than the garden-variety “To-Do” list—which is just a random set of things I might want to say. An outline allows me to break topics down, eliminate those that are not important and put the most critical in the right order. From there, writing the piece is merely filling out the details. Lo and behold, when I’m done there’s actually some cohesiveness to my thoughts (however, some would argue whether I exhibit any cohesiveness whatsoever!).
Do the same for your daily outline. If you outline what is REALISTIC to get done, you can prioritize them, delete the superfluous and optimize how you go about executing them. Don’t overfill your day with stuff to do. Not only will you not get through them all, you’ll end each day a little more flustered. The solution? Allocate REALISTIC blocks of time for each. Once you’ve done that you might realize you’ve exceeded your daily allotment of hours and you can trim your outline appropriately.
3. Unmultitask
I happen to be one of those people who needs to focus on whatever I’m working on without interruption. If I’m distracted, it takes me a long time to get back into the “zone.” Distractions really throw a wrench into the gears. I’m sure others are the same whether they want to admit it or not. So I recommend that you stay on task. Don’t be so quick to dig into your emails, check your Facebook page or answer every phone call as it comes in. Bundle those activities as an item on your daily outline. Take a break later in the day to do them. That’s when you can return calls. Check your emails. Have a little fun with Twitter and Facebook. But don’t get carried away. Stay faithful to your time allotment.
4. Progress vs. perfection
While perfection is a truly admirable trait, few of us fully attain it. And its pursuit can be a real obstacle to getting things done. That doesn’t mean you don’t do your best work. Just don’t let it get in the way of forward motion.
Instead, get to work and make some progress. “Get ‘er done” as Larry the Cable Guy says. As you move through your outline, you’ll find things will start to fall into place. You will always have time to go back later and fine tune (at least you can get closer to perfection). Just keep your eyes on the road, do your best and things miraculously get done.
5. Take a break
All work and no play… Well, you know the rest. Your brain needs a breather. As you plow through your outline, take a few times to give it a rest. Do something fun. Watch a dumb TV show. Take the dog for a walk. New oxygen molecules will magically creep into your skull and provide a fresh new start when you get back to it.
That’s it. Five simple, yet effective tips to make your day a little more productive. You may not be able to squeeze more hours into your day, but you can certainly make those you have more rewarding.
If you have some of your own, let me know and I’ll share them here.