Time.... the great equalizer.
Each of us has 24 hours in a day, and 7 days in a week.
How are you going to use that time in the most optimal way?
I am ng to show you a time management principle, that will profoundly change
the way you relate to time.
In order make the most out of life, you have to realize that time is valuable,
very valuable.
Let's quantify it, put a number to it, in order to make it tangible and realistic.
25 Euro is the average gross salary across Europe, that's about 30 US dollars, per hour.
Let's use that number as an opportunity cost number.
Instead of doing what you are currently doing, you could be making 25 Euro's per hour.
I am going to show you 3 areas with 3 examples each of how to apply
this very realistic time management principle.
If you work in the corporate world, are you ever involved in conference calls?
And wondering why so many people are on the call that don't have anything to add, or why
the call is taking so long and people keep making the same point over and over again?
If you invite 10 people for a conference call at 25 Euro per hour,
that's 250 Euro's per hour.
Can you do it with fewer people, only those that really have an impact on the topic?
Can you do it with a clear agenda in half the time?
You greatly improve everybody's efficiency in the workday!
Do you commute to work every day, standing in traffic for an hour every morning
and every afternoon?
That's 50 Euro's right there, that you could be spending more wisely.
Is there a way where you could work more from home?
Or drive during the off-peak hours?
Would be better for you, and better for the company!
Are you a director level person, making 50 Euro's per hour, and doing tasks that somebody
that makes 20 Euro's per hour could be doing?
You should be delegating more, and creating value for you and the company!
Ironing!
This is an average skill and low enjoyment task for me.
I am happy to outsource it at 15 Euro's per hour, and use my time more productively.
Complaining!
It drains the energy out of you, as well as your audience.
It's a complete waste of time, at 25 Euro's per hour.
If you don't like a situation, try to change it, accept it, or move away from it.
All else is madness.
Exercise!
Healthy, relaxing and well worth your time.
I have seen people trying to save money on their gym subscription, and move to a gym
in the next town, forgetting that their travel time is also valuable.
"I was tired last night, so I ended up watching TV for 3 hours, but it wasn't very interesting".
What a waste of time!
3 hours down the drain at 25 Euro's per hour, that's 75 Euro's.
You could have gone to bed early, to wake up refreshed and ready to go for the new day!
"I don't have any interests or hobbies anyway, so my time is not valuable, and the opportunity
cost story does not apply."
If that is the case, you have a much more fundamental problem than just time management!
You need to figure out what the meaning and purpose is of your life....
This book is a good place to start: the seven habits of highly effective people.
"If I constantly remind myself that my time is valuable, that time is money, and I put
a number on everything that I do, doesn't life become rigid and not very spontaneous?".
Well, maybe!
But if you want to lead a rich and fulfilling life, you have to plan ahead, so buy your
concert and theatre tickets way in advance, and maximize the joy of anticipation.
The key to effective time management is to realize that your time is valuable, and to actually
put a number to it, to make it tangible.
If you have shown you ways of applying this in business life, private life, and I have
shown you how to crush excuses.
I ask you three things in return: if you liked this, please share the video with your friends,
subscribe to my YouTube channel, and get in touch if you want to adapt any of this material
to a training course in your company.