How you value your time is how you value your life

 

Photo by Marcelo Matarazzo on Unsplash

Pretend Your Time is Worth $1,000/Hour and You’ll Become 100x More Productive

How you value your time is how you value your life

“Pretend your time is worth $1,000/hr. Would you spend five of them doing extra work for free? Would you waste one on being angry?” –Niklas Göke

You have very few hours here on on this earth.

Still, many people waste much of their time on pointless, low-quality activities that don’t help them reach their true goals — their mission.

The truth is, most people value their time at far, far less than it’s worth.

They say yes to things they have no business doing. They give away their talents, attention, and effort to others who take, take, take.

They spend hours watching low-quality television and social media when they should be productive and effective.

See, many people could be making a fortune (if they used their time well)…but instead, they give away their time in unproductive ways that leave them broke, unhappy, and stuck.

But what if you placed a high value on your time?

How would that change you? Your life? Your family? Your future?

Imagine that an hour of your time is worth $1,000.

What would your life look like?

What people would you stop putting up with?

What problems would you stop wasting time on?

What things would you stop — and start — doing?

Your results would be incredible. You’d become exponentially more productive, focused, and effective.

“Most people have no clue what they are doing with their time but still complain that they don’t have enough.” -Grant Cardone, NYT best-selling author

“Busyness” Isn’t a Badge of Honor; It’s a Sign of Weakness

“Being busy is a form of mental laziness.” -Tim Ferriss

It takes discipline to not become “busy.”

If you let it, your world and the people around you will take all your time. Your time is not unlike your paycheck; if you don’t budget for things, you’ll have nothing left over by the end of the month.

This is how lives are wasted — by doing thankless work for ungrateful takers that didn’t deserve your time in the first place.

We’re all busy — with work, our families, our friends. It’s not bad to be “busy.” But in the words of best-selling author Jeff Goins:

The most successful people I know are not busy. They’re focused.

Are you focused, making tangible action steps towards what truly matters?

…Or are you just “busy?”

When you’re busy, you are on autopilot. You can’t see the hours slipping away, time you’ll never get back.

Wrote the ancient philosopher Seneca:

“Indeed the state of all who are preoccupied is wretched, but the most wretched are those who are toiling not even at their own preoccupations…If such people want to know how short their lives are, let them reflect how small a portion is their own.”

Who’s in charge of your time?

You?

Or everyone else?

Photo by rawpixel on Unsplash

Busyness and Stress Are the Enemy

“People are unhappy in large part because they are confused about what is valuable.” -William Irvine

Most people prize “being busy.” They proclaim it with pride, as if it’s a badge of honor.

But for most people, this “busyness” is nothing more than distraction and procrastination from what really matters. They just like feeling busy.

Said author Benjamin Hardy, “Most people lack the confidence to go big. They prefer the dopamine boost of getting lots done, even if they aren’t making any progress.

For world-class performers, busyness and stress are the enemy. They’re a sign you’re off-track. It means you’ve been lazy and undisciplined, and have let too many unimportant tasks take you away from what really matters.

“Being busy is a form of mental laziness.” -Tim Ferriss

Bestselling author Jeff Goins once wrote, “The most successful people I know are not busy. They’re focused.” Extremely successful people don’t tolerate busywork or distraction. They have crystal clear vision on their goals, and do what they need to do to get there, every single day.

In his landmark book Deep Work, Cal Newport recounts some choice insights on how to develop insanely productive results through removing all distraction and entering flow states:

“Busyness and exhaustion should be your enemy. If you’re chronically stressed and up late working, you’re doing something wrong. Do less. But do what you do with complete, hard focus. Then when you’re done be done, and go enjoy the rest of your day.”

Deep work means absolutely not tolerating distractions and producing monumental quality and quantity in a very short time. This is how you can complete far more with focused efforts than unfocused efforts with far more time.

Do you want incredible productivity?

Then cultivate extreme focus with whatever you do.

If you don’t manage your time, it will manage you.

“When you have less time available for work, you have to make better choices about what to work on (and what not to).” -Tim Metz

As You Think, So You Are

“As a man thinketh, so is he. As he continues to think, so he remains.” -James Allen

You teach people how to treat you.

If you let people know your time is free and low-valued, people will treat it as such.

But if you teach people that your time is expensive, important, and valuable, then people will respond in kind.

What you think is what you become. If you think your time is worth a few bucks an hour, that you’ll begin to act like it. You’ll find yourself saying “yes” to meaningless, pointless obligations.

But if, in your heart, you know your time is valuable…

People will recognize that.

People will respect that.

People will treat you differently.

Wrote author William Irvine:

“People are unhappy in large part because they are confused about what is valuable.”

Photo by Ben White on Unsplash

If you don’t treat yourself and your time with respect, you will become unhappy, resentful, and tired. Your body and mind long for mastery and freedom; you can’t have those things if your time is cheap and easily taken.

You become what you are.

You attract what you look for.

Back in my early days of writing, I didn’t think I was much of a writer. So I spent a lot of time on low-quality activities, like begging other low-tier/no-name bloggers to let me write guest posts.

No one responded to me. I rarely was invited to write. I think people could see how little I valued myself, and didn’t want to promote my message. I don’t even blame them.

Years later, I finally began seeing my time as very important. I began saying “no” to almost everything. I had a mission, and I became unwilling to fill my valuable time with things that wouldn’t help me achieve my goal.

I turned down high-paying, exciting, interesting opportunities…because they weren’t the right fit. In the end, they were all wasting time I needed to focus on my mission.

As you think, so you are.

Treat your time as a valuable commodity, and people will begin to treat it like that, too.

You Can Do Amazing Things, But Only If You Have Time to Do Them

“The difference between successful people and really successful people is that really successful people say no to almost everything.” -Warren Buffet

You probably need to say “no” more.

Every time you say yes to something, it means you’re saying “no” to a dozen other opportunities. The world’s most successful and extraordinary people say no to almost everything, but yes to a few things.

Those few things determine their career, legacy, and livelihood.

Warren Buffet, investor extraordinaire and a net worth of over $70 billion dollars, has said that for every hundred opportunities he is given, he might say yes to 1–2 of them.

Really successful people say no to most things, because most things won’t get them to where they truly want to be.

Steve Jobs also shared this mentality. Decades ago, Jobs was quoted:

“People think focus means saying yes to the thing you’ve got to focus on. But that’s not what it means at all. It means saying no to the hundred other good ideas that there are. You have to pick carefully. I’m actually as proud of the things we haven’t done as the things I have done. Innovation is saying no to 1,000 things.”

This process of weeding out the merely “good” for the truly great opportunities is easier when you value your time at $1,000/hour. Anything you can honestly justify doing for $1,000/hour is probably a good thing.

In Conclusion

“Living in frenzy is a sign we’ve squandered too much.” -Niklas Goke

In reality, a lot of people are living a frenzied, busy life. They wear their business as a badge of honor, and brag about their full schedules.

Frankly, most people prefer the little dopamine boost of checking boxes on a to-do list than actually getting important work done.

How do you value your time?

Take stock of the things you did this week. How many of them were worthy of $1,000/hour?

How many activities were a true waste of time?

Value your time at what it deserves to be. The higher the value, the more important and productive work you’ll do — and the less trivial and mindless tasks you’ll get caught in.

START-UP – How to end the busy-brag

Stop that 80-hour hustle

How to end the busy-brag and take back your freedom

Originally published on JOTFORM.COM

“Entrepreneurs are willing to work 80 hours a week to avoid working 40 hours a week.”

Maybe you’ve already seen this quote from serial entrepreneur and Shark Tank star Lori Greiner. If not, I bet you’ve heard a version of it.

Startup founders are infamous for busy-bragging. Sometimes it even feels like a competition:

Who can work the longest? Who can sacrifice the most? Who will sleep at the office and go a full week without natural light?

Yes, starting a business is hard work, and Greiner’s dedication has clearly paid off (she’s created over 700 products and holds 120 patents).

But the “willingness” she describes is really about freedom.

Whether they’re chasing a big idea or solving a real problem, most founders also want to call the shots; to make their own money, set their own hours, and to create something they care about.

So, why are we all trying to outwork each other?

I don’t believe in the 24/7 hustle-and-grind. It’s not productive. And it’s starting to kill us.

I also know first-hand that starting a business is not easy. I’ve been on a 12-year entrepreneurial journey, slowly building JotForm into a global company with 3.7 million users and 110 employees.

So, where is the balance? How can you fulfill your vision without sacrificing yourself?

Instead of logging more hours, the answer is to make the most of the hours you work.

If you’re smart about time management, you might be amazed by how much you can achieve in a sane, focused week.

Here are five strategies that help me to avoid overwork — even when there’s always more to do.

1. Minimize your active projects

Time management is attention management. Controlling your work is a matter of focus, not creating a crazy-strict schedule.

When you focus your attention, you maximize your time, which increases your motivation. It’s a productive cycle that feels really, really good.

Take me, for example. At any given time, I have no more than three core goalsor active projects. That’s it. I say “no” to everything else. I delegate or save any outside tasks for later.

You can also try a more sophisticated approach. For example, in a recent Fast Company articleGoogle for Work director Thomas Davies describes the problem with most time management strategies:

“Managing time starts from the premise that your workload is going to be what it’s going to be, and the best you can do is keep it ‘manageable.’ But what if you could design your work day instead?”

Davies decided to create a new strategy. He divided his work responsibilities into four quadrants: people development, business operations, transactional tasks, and representative tasks.

Then, he slotted every task into one of the four quadrants.

Once he had a high-level view of what actually occupied his time, he could decide what mattered most — and what made him feel most energized. Now, he tries to maximize his work in those “high-value” quadrants.

If this method speaks to you, give it a try. As Davies explains, you’ll soon realize that not all tasks are created equal. Armed with that knowledge, you can be mindful of where to dedicate your attention.

No matter how you choose your focus areas, make an active choice. Then be ruthless about eliminating distractions.

2. Monotask, don’t multitask

Establishing core priorities will narrow your focus.

You also need to perform just one task at a time. That’s because, as Phyllis Korkki writes in the New York Times, multitasking is a biological impossibility:

“Your brain may delude itself into thinking that it has more capacity than it really does, but it’s really working extra hard to handle multiple thoughts at once when you are switching back and forth between tasks.

Your ability to get things done depends on how well you can focus on one task at a time, whether it’s for five minutes or an hour.”

To create a monotasking environment, Korkki suggests that you remove all temptations — even if that means installing anti-distraction programs like Freedom or FocusMe.

Also, use just one screen. Work in set chunks of time, and if you lose focus, get up and walk around.

You can also try the popular Pomodoro Technique, which breaks the day into 25-minute, highly focused intervals, followed by a five-minute break.

After four intervals or “pomodoros,” you take a 15-minute break — ideally away from all screens and mobile devices.

3. Cut back on meetings

Meetings have become a contentious topic in entrepreneurial circles.

Tesla founder Elon Musk recently told his staff to “walk out of a meeting or drop off a call as soon as it’s obvious you aren’t adding value.”

And Basecamp’s Jason Fried says “it’s hard to come up with a bigger waste of money, time, or attention than status meetings.”

Some meetings are critical, but many are not. Unless the meeting can remove a roadblock or it’s essential for team cohesion, find another way.

Send an email and follow up later. Say “no” and protect your time. You’ll be helping colleagues and co-workers to regain their focus, too.

I’m honored to receive a lot of requests for coffee and casual get-to-know-you meetings. I mentor some young entrepreneurs, but I politely decline everything from speaking invitations to networking events as well.

I wish I had time to accommodate everyone, but I just don’t. I have to draw a firm boundary — and you should as well.

4. Make quick decisions

I recently wrote about how every decision you make is wrong and shared strategies on how to make better decisions.

As I mentioned, hording decisions creates stress. When your mind is buzzing with many different choices — from what to eat for lunch to which job candidate to hire — it’s almost impossible to have a productive workday.

Now, imagine your brain is a white board. Every time you make a decision, you’re wiping off more scribbles. Soon, it’s clear and ready for creative thought.

When it comes to decision-making, speed is the goal here. There are very few decisions that can’t be made quickly. I know that goes against conventional wisdom, but give it a try.

If you’ve already gathered enough information, combine that data with your personal instincts and make a choice — now.

Don’t have enough data? Then forget the decision and gather what you need.

Once you have the right information, make your choice and move on. Repeat as needed.

5. Make the most of your work time — then step away

Vacations and downtime are essential for success. There’s just no way around it.

You can hustle with the best of them, but at some point, your body is going to say “no.”

The mind will rebel, too. You’ll be less analytical, way less creative, and your emotions will eventually overrule all logical thoughts.

I’m currently spending the summer in Izmir, Turkey. We have a small office here. It’s also a beautiful city by the sparkling Aegean Sea. So, I’m going to work four-day weeks and explore the nearby beach towns with my family.

I realize this is a great privilege — and I know you might have a few more questions:

1 — Don’t you feel pressure to show your face in the office — i.e. do you worry that your team will lose morale and slack off if you’re not there?

Honestly? I’m just not concerned about it. I guess some employees might slip into “relaxation” mode if I’m not in the office, but I also know that our teams love their work.

They’re knee-deep in meaningful projects, and I have great respect for what they contribute to JotForm.

I encourage our employees to take time off, too. If you don’t take vacations, you’ll burn out and eventually produce less.

As the CEO, my job is to ensure our teams are motivated and they don’t hit roadblocks. Our employees won’t function well if they don’t take care of themselves.

2 — How on earth can I ease up when I’m just launching or growing my business?

I promise it’s not impossible. Even during the early days of my company, my wife and I took three months off to travel across Europe.

It’s a matter of planning and sticking to your priorities.

For example, if you’re working IN your business, it doesn’t function without you. When you work ON your business, you can develop systems and processes that let you step away.

You build a company that doesn’t break if you’re not answering every email or performing every single task. Even as a solopreneur, you can plan to hit pause — if it matters to you.

I know the details can be tricky, and this is a far easier proposition with an online business. But ultimately, life isn’t all about work.

I don’t know about you, but I don’t to want to work, work, work, and then retire for a couple years before I die. I want to enjoy my life and my freedom — which is also why I bootstrapped my business in the first place.

So, be strategic.

Ask for help.

Develop systems and safety nets that allow you to step away, even for a short time.

You and your business will be so much better for it. Soon, you won’t even dream about using the word “hustle.”