Time is All We Have: 3 Ways to Increase Return on Investment | Erin Falconer

Do not squander time for that is the stuff life is made of.– Benjamin Franklin

Return on investment (ROI) is a term you hear frequently, usually in relation to business and finance. The goal (obviously) is to maximize return on the money you invest. The implications of this concept go much deeper when you start to think of time as your primary investment rather than money. Everything you do is an investment of time. When you watch television, you’re making an investment in entertainment. If you watch a show that sucks, you’ve made a bad investment and receive a poor return for your time.

In many ways time is more valuable than money. You’ll always have the opportunity to make more money, but once time has been spent it’s gone forever. When you think of time as a commodity, and all of your actions as investments, it changes the way you approach every day decisions.

We spend time in many different ways: working, eating, sleep, exercise, entertainment, etc. All of these things are important. When we start investing too heavily in one area and not enough in another we create problems for ourselves. The key is investing our time in a manner that perfectly balances each of these areas and forms a productive and pleasurable life.

Deciding how to invest our time is a formidable task. Unlike business, there are no percentages or spreadsheets to reference. We have to rely on experience and intuition. I’m far from a master at this, but these are a few principals I use to guide my decision making.

1. Look for Multiple Positives

A multiple positive is an activity that generates a positive return in more than one area. These are great for ROI because they multiply returns and incur fewer losses. One of my best multiple positives is working on this website. It’s something that I find extremely entertaining, it contributes to a small (but steadily growing) stream of income, and it develops skills that I’ll be able to use the rest of my life like writing, web design, and networking.

Every individual will have different multiple positives, the important part is finding ones that work for you. A multiple positive for a software developer might be working on open source or a personal project. It can even be as simple as playing basketball, a fun game that’s also great exercise. The key to finding multiple positives is finding areas where different positive actions intersect. If I can find a way to get paid to eat delicious food I’ll be golden.

2. Avoid Multiple Negatives

Multiple negatives are the same as multiple positives, except the complete opposite. These are activities that detract from multiple areas of life. One of my favorite weaknesses is going out drinking. This hurts me in three ways: the time spent isn’t productive, drinks are expensive, and the effect of staying up late and being hungover usually ruins the following day. If I don’t have a good time, this is basically the worst possible scenario.

I’m not saying you should never go out and have a good time. To be happy we need socialization and excitement. My point is that we should always try to minimize the negative impact of our actions. I try to do this by minimizing the amount I drink and only going out when I know it will be enjoyable. Often we get caught in a pattern of poor investment. Over time, the benefits fade away and what remains is mostly negative, but we keep doing it out of habit. This can be avoided by periodically analyzing our behavior. Is it still a good investment, or is it time to make a change?

3. Utilize the Power of Compounding

I’m sure that everyone reading this understands the power of compound interest. When you invest money you earn interest. Then you start earning interest on the money you earned from interest. Over many years this continues to compound and eventually leads to a very large sum of money. The same concept applies to time. If you invest time by working hard when you’re young, you put yourself in a position to succeed that will continue compounding for the rest of your life. If you waste time when you’re young, you can’t make up for it later because you’ve lost the opportunity to utilize the power compounding.

Many people my age fail to realize this, in fact I didn’t, or at least I didn’t act on it, until fairly recently. The primary reason is that we’re trapped in the childish mindset. As a child, your only responsibility is entertaining yourself. You needn’t worry about investing your time because Mommy and Daddy are there to take care of you and they’re usually happy as long as you stay out of trouble. These days many young adults ride the childish mindset straight through college. After graduation we’re expected to adopt the adult mindset (and the responsibility of investing our time) instantaneously. A lot of people don’t get it, and every year they waste, trying to extend the college days, is an opportunity that can never be replaced.

Many people think their time isn’t valuable when they aren’t working, so they throw it away on activities that have a poor return on investment and don’t build for the future. The truth is, no one else is going to consider your time valuable until you do. If you want to acquire the wealth that will provide the freedom to live your ideal lifestyle, start thinking of every decision as an investment. Nothing is insignificant.

One mental model that can help you make better decisions is imagining that your life is a corporation and you’re the only employee. If you were the CEO of John Doe Incorporated, and were obliged to maximize profit on behalf of investors, what would you make yourself do? You’ll find that this sort of analysis simplifies many decisions and increases return on investment.
Thought provoking?  I think so.  Let me know what you think below.
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Compassion in action! | NTD Television 10

This will warm the cockles of your heart: well, it certainly did mine!
Enjoy, and let me know what you think below!
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A Compelling ‘Why’ | Denis Waitley

"I have a suitcase for you. In that suitcase there is $1 million in cash. The suitcase is sitting in a building that is about an hour’s drive from where you are now.

"Here is the deal: All you have to do is get to this building in the next two hours. If you get there before the end of the two hours, I will hand you the suitcase, and you will be a million dollars richer.

"There is one catch, however. If you are even one second late, our deal is off, and you will not get a dime. No exceptions! With that in mind, what time would you like to leave?"

Most people would respond to that scenario by saying that they would leave right now. Wouldn’t you?

So off you go. You jump into your car and start driving for the building. You are excited and are already starting to plan how you are going to spend your million dollars. Then, suddenly, the traffic comes to a complete stop. You turn on the radio and find that there has been a series of freak accidents between you and the building and there is no way to get there!

Now what would you do? Would you give up and go back home? Or would you get out of your car and walk, run, hire a helicopter, or find some other way of getting to the building on time?

Now let’s suppose for a minute that you are driving to an appointment at your dentist’s office. The traffic again comes to a stop. Amazingly, there have been freak accidents between you and your dentist’s office. What would you do then? Probably give up, go home, and reschedule!

What is the difference between these two situations? It all comes down to why. If the why is big enough, the how is usually not a problem. This compelling why is connected to your personal objectives, mission statement, or magnificent obsessions. It is the basis of your motivational support beam. Truly motivated people are able to identify and tap into the power of a compelling why in everything they do.

Source: The Psychology of Motivation by Denis Waitley

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Short and sweet, but incredibly powerful.  Let me know what you think below!

The Universe Loves Grateful People | Louise L. Hay

"Every thought we think and every word we speak is creating our future." 
Interview from never-before-seen footage from the making of the film on Louise L. Hay
"You Can Heal Your Life" (2009).
"What am I thinking?"  "Only good lies before me."
"The Universe loves gratitude."
"... little miracles start to happen."
Isn't she brilliant?  Let me know what you think below.
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Neuroscience Reveals How Gratitude Literally Changes Your Brain to be Happier | The Power of Ideas

We often hear about the power of gratitude for creating a more positive and happy mental state. But did you know that gratitude literally transforms your brain?

According to UCLA’s Mindfulness Awareness Research Center, regularly expressing gratitude literally changes the molecular structure of the brain, keeps the gray matter functioning, and makes us healthier and happier.

When you feel happiness, the central nervous system is affected. You are more peaceful, less reactive, and less resistant. And gratitude is the most effective practice for stimulating feelings of happiness.

In this article we’ll share some of the research demonstrating that gratitude makes you happier, followed by some practical steps you can take to positively transform the molecular structure of the brain.

Studies of gratitude making you happier

In one study of gratitude, conducted by Robert A. Emmons at the University of California at Davis and his colleague Mike McCullough at the University of Miami, randomly assigned participants were given one of three tasks. The participants kept a journal each week, with one group describing things they were grateful for, another describing what’s hassling them and the other keeping track of neutral events. After ten weeks, the participants in the gratitude group felt 25 percent better than the other groups, and had exercised an average of 1.5 hours more.

In a later study by Emmons with a similar set up, participants completing gratitude exercises each day offered other people in their lives more emotional support than those in other groups.

Another study on gratitude was conducted with adults suffering from congenital and adult-onset neuromuscular disorders (NMDs), with the majority of people having post-polio syndrome (PPS). 

Compared to those not jotting down what they’re grateful for every night, participants that did express gratitude felt more refreshed each day upon wakening. They also felt more connected with others than did participants in the group not expressing gratitude.

A fourth study didn’t require a gratitude journal, but looked at the amount of gratitude people showed in their daily lives. In this study, a group of Chinese researchers found that higher levels of gratitude were associated with better sleep, and also with lower levels of anxiety and depression.

Better sleep, with less anxiety and depression. Some compelling reasons to express gratitude more regularly.

Three simple steps to becoming more grateful

If you’ve only got time to say one prayer today, make it the simple words of “thank you.”

This is worth keeping in mind as you go about figuring out your daily practices and routines.

Here are three practical steps you can take to infusing routines of gratitude into your life.

1) Keep a daily journal of three things you are thankful for. This works well first thing in the morning, or just before you go to bed.

2) Make it a practice to tell a spouse, partner or friend something you appreciate about them every day.

3) Look in the mirror when you are brushing your teeth, and think about something you have done well recently or something you like about yourself.

Please let me know what you think below.

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Dealing With Anger, Resistance And Pessimism | Eckhart Tolle

Eckhart Tolle discusses the decisive shift from identifying with a feeling and simply observing it in your energy field. 

The real change comes from becoming aware of whatever is happening inside you... The anger is no longer you: the anger is anger, and you are the awareness.  You know it, you see it, you feel it, and there it is."

https://www.eckharttollenow.com

It's so great to get practical help on how to deal with anger.  Let me know know what you think below.

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How to Motivate Yourself: 3 Steps Backed By Science | Eric Barker

You make goals… but then you procrastinate.

You write a to-do list… but then you don’t follow through.

And this happens again and again and again. Seriously, what’s the problem?

Why are we so good at thinking of what to do but so terrible at actually doing those things?

The problem is you’re skipping an essential step. Here’s what it is…

The Mistake Every Productivity System Makes

Productivity systems rarely take emotions into account. And feelings are a fundamental and unavoidable part of why humans do what they do.

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We can’t ignore our emotions. Because of the way our brains are structured, when thought and feelings compete, feelings almost always win.

And we can’t fight our feelings. Research shows this just makes them stronger.

"…when experimental subjects are told of an unhappy event, but then instructed to try not to feel sad about it, they end up feeling worse than people who are informed of the event, but given no instructions about how to feel. In another study, when patients who were suffering from panic disorders listened to relaxation tapes, their hearts beat faster than patients who listened to audiobooks with no explicitly ‘relaxing’ content. Bereaved people who make the most effort to avoid feeling grief, research suggests, take the longest to recover from their loss. Our efforts at mental suppression fail in the sexual arena, too: people instructed not to think about sex exhibit greater arousal, as measured by the electrical conductivity of their skin, than those not instructed to suppress such thoughts.

So what does the unavoidable power of feelings mean for motivation?

In their book Switch, Chip and Dan Heath say that emotions are an essential part of executing any plan:

"Focus on emotions. Knowing something isn’t enough to cause change. Make people (or yourself) feel something.

We need to think to plan but we need to feel to act.

So if you’ve got the thinking part out of the way – how do you rile up those emotions and get things done? Here are three steps:

1) Get Positive

When do we procrastinate the most? When we’re in a bad mood.

So procrastination is a mood-management technique, albeit (like eating or taking drugs) a shortsighted one. But we’re most prone to it when we think it will actually help… Well, far and away the most procrastination occurred among the bad-mood students who believed their mood could be changed and who had access to fun distractions.

Meanwhile, research shows happiness increases productivity and makes you more successful.

What does the military teach recruits in order to mentally toughen them up? No, it’s not hand-to-hand combat.

It’s optimism. So how do you get optimistic if you’re not feeling it?

Monitor the progress you’re making and celebrate it. Harvard’s Teresa Amabile‘s research found that nothing is more motivating than progress.

"This pattern is what we call the progress principle: of all the positive events that influence inner work life, the single most powerful is progress in meaningful work; of all the negative events, the single most powerful is the opposite of progress—setbacks in the work. We consider this to be a fundamental management principle: facilitating progress is the most effective way for managers to influence inner work life.

(More on how to get happier here.)

Okay, so negativity isn’t making you procrastinate and holding you back. But what’s going to drive you forward?

2) Get Rewarded

Rewards feel good. Penalties feel bad. And that’s why they both can work well for motivating you.

Research shows that rewards are responsible for three-quarters of why you do things.

Via The 100 Simple Secrets of Successful People:

"Researchers find that perceived self-interest, the rewards one believes are at stake, is the most significant factor in predicting dedication and satisfaction toward work. It accounts for about 75 percent of personal motivation toward accomplishment. – Dickinson 1999

So treat yourself whenever you complete something on your to-do list. (Yes, this is how you train a dog but it will work for you too.)

Having trouble finding a reward awesome enough to get you off your butt? Try a “commitment device” instead:

Give your friend $100. If you get a task done by 5PM, you get your $100 back. If you don’t complete it, you lose the $100.

Your to-do list just got very emotional.

So you’re feeling positive and there are rewards (or penalties) in place. What else do you need? How about nagging, compliments and guilt?

3) Get Peer Pressure

Research shows peer pressure helps kids more than it hurts them.

(And face it, you’re still a big kid, you just have to pretend to be an adult most of the time — and it’s exhausting.)

Surround yourself with people you want to be and it’s far less taxing to do what you should be doing.

Via Charles Duhigg’s excellent book The Power of Habit: Why We Do What We Do in Life and Business:

"When people join groups where change seems possible, the potential for that change to occur becomes more real.

The Longevity Project, which studied over 1000 people from youth to death had this to say:

"The groups you associate with often determine the type of person you become. For people who want improved health, association with other healthy people is usually the strongest and most direct path of change.

And the research on friendship confirms this. From my interview with Carlin Flora, author of Friendfluence:

"Research shows over time, you develop the eating habits, health habits and even career aspirations of those around you. If you’re in a group of people who have really high goals for themselves you’ll take on that same sense of seriousness.

(More on the science of friendship here.)

So we’ve got all three methods going for us. How do we wrap this all together and get started?

Sum Up

Got today’s to-do list? Great. That means the most rational thing to do now isstop being rational. Get those emotions going:

1. Get Positive
2. Get Rewarded
3. Get Peer Pressure

You can do this. In fact, believing you can do this is actually the first step.

What’s one of the main things that stops people from becoming happier? Happiness isn’t part of how they see themselves so it’s harder to change.

Think of yourself as a motivated, productive person. Research shows how people feel about themselves has a huge effect on success.

"For most people studied, the first step toward improving their job performance had nothing to do with the job itself but instead with improving how they felt about themselves. In fact, for eight in ten people, self-image matters more in how they rate their job performance than does their actual job performance. – Gribble 2000

Still unsure if you’ll be able to beat the procrastination demon? Then skip right to #3, peer pressure.

Forward this post to at least two friends and start holding each other accountable.

Now you’ve got something outside of yourself that’s watching and motivating you. And everything is easier — and more fun — with friends.

So what do you think?  Let me know below!

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