Category Archives: Art of Living

Blogger Carla Kay White reflects on how she “found time” by transforming her mindset about being overwhelmed.

… it occurred to me that I’m feeling overwhelmed because that’s precisely the message I’m putting out in the world. I repeat it all day long in different forms “I have no time…” or “I wish I could, but I’m busy…” or “gotta rush…”

But what would happen if I simply told myself, “I have all the time in the world”?

I repeated this to myself anytime I felt rushed. Someone stopped me to chat, I had time. Working late, no problem. Caught behind a slow driver, I chilled and enjoyed the view. In the end it actually worked. I created time.

By sending out a new message “I have time” I’m relaxing, finding a new rhythm and living in the moment. I’m focusing on one thing at a time instead of ten different things. As a result, I get more accomplished, do a better job, and truly do have more time.

So if you constantly feel overwhelmed, ask yourself — are you really? Or is it just a conditional thought that you repeated so often to yourself, you believe it and live it? Just maybe you too can magically create time through your thoughts.

How to Create More Time

The feeling of being overwhelmed is primarily a lack of sense of priority over what we need to do. Follow my three-step process for better time management.

• Time Logging: Follow this simple exercise to develop an idea of how you spend time currently.
• Time Analysis: Tally up your time logs, analyze how you actually use your time, and recognize non-productive tasks and activities.
• Time Budgeting: Follow this simple process to list your life’s values and priorities. Then, create a time budget to help you center your actions on the truly important aspects of your life and career.

Recommended Reading

• Don’t let ‘perfect’ be the enemy of ‘done’
• Overcoming procrastination: the “10-minute dash” technique to get a task going
• Make your weekends feel longer

***See other articles related to time management, managing priorities, effectiveness, personal organization, getting things done, execution, work-life balance

“Success in investing doesn’t correlate with I.Q. once you’re above the level of 25. Once you have ordinary intelligence, what you need is the temperament to control the urges that get other people into trouble in investing.”
* Warren Buffett

I have invested in stock markets since I was sixteen. Largely, I have been quite a successful investor, if you disregard the current slump in the financial markets. Over the years, primarily though my mistakes, I have learnt several invaluable lessons that have shaped my personal investing philosophy. Here is a summary.

1. Do not invest money you cannot afford to lose. Know your limitations and own a mix of asset classes that are just right for you. Understand your ability to tolerate the hurts of losing money.
2. Buying a stock is the easy part. Knowing when to sell, especially in the case of hot stocks, is challenging. Do ample research before buying stocks or mutual funds. Establish a few criteria for selling and have the discipline to sell when a stock meets your criteria.
3. Invest; do not speculate. You cannot try to outsmart the market by trying to time the market or day trade. You cannot be right on every trade and every stock that you lay hands on — research has shown that even the best investors are right in about five of every eight stock purchases.
4. Do not fret about missing an opportunity. Opportunities abound in every market — bull or bear, short-term or long-term.
5. Do your own research. Stock research is indeed hard work, yet indispensable. Monitor stocks frequently. Pay attention to price-to-earning ratio (PE,) price-to-earning-to-growth ratio (PEG,) revenues and cash flow. Learn how to read company balance sheets and other financial statements.
6. Follow each company’s fundamentals carefully. Consider vital changes to the company’s operations, competitive landscapes, and industry prospects. Pay attention to macro-economic factors that may influence the industry.
7. Be skeptical of too much optimism and hype. Do not pursue past performance and buy a stock or mutual fund, possibly after a period of high returns. Watch out for stock analysts and investment advisors touting stocks after good news and playing down stocks that have already fallen. Understand that financial advisors may promote mutual funds that pay them high commissions and not necessarily get better returns for you.
8. Never lose sleep over your investments. Never let your emotions guide your investments transactions. Money is, after all, not the most important thing in your life.

***See other articles related to Personal finance, investing, money, stock markets, financial markets

Classic Clutter-Busting Strategies

This ‘Unclutterer’ blog article lists essential strategies to get and stay organized. Below is an abridgment; see full article here.

1. A place for everything, and everything in its place. If an object doesn’t have an official home, then it will always be out of place. Once you’re finished using an object, immediately put it back in its place.
2. Establish routines. Set up a regular schedule for tasks that have to be completed daily and weekly: laundry, cleaning, cooking, organizing, filing, home and auto maintenance, etc. The more methodical you are, the simpler it is to maintain your home and office.
3. If you don’t use it, need it, love it, or feel inspired by it, get rid of it. Just because you might have space to store something, doesn’t mean you have to keep it. Your home and office should be filled with useful and inspiring things, not objects that cause you stress and anger. Plus, the less you own, the less you have to worry about, clean, organize, finance, and maintain.

Call for Action

One of the primary drivers of the feeling of not being on “top of things” is disorder and clutter. Given our busy lives, we tend to let things get out of hand. This can frequently lead to a chronic preoccupation over the lack of orderliness in our lives.

Set aside some time, perhaps just 30 minutes, and

• Eliminate. Toss out things you have not used in the last two years. If you are not using something on a regular basis, you probably do not need it. Consider donating to charity or let somebody else have things you do not need.
• Organize. After eliminating unneeded and unwanted things, store articles close to where you use them. Consider investing in filing cabinets, cupboards or storage boxes.
• Simplify. One of the biggest hindrances to “getting things done” is complexity and redundancy. In today’s consumer driven societies, we tend to buy things we don’t need or, worse, things we already have and cannot remember. Use common sense to prioritize what you will own and what you will do and fight complexity.

Control your ‘stuff’ — do not let them control you.

Recommended Reading

• Prepare tomorrow’s to-do list as you wrap-up today

***See other articles related to reducing clutter, getting organized, productivity, simplicity

Preamble

This article is the final article in a series of four articles that presents the basics of diagnosing how you tend to spend your time and how you can develop the discipline of spending your time on what really matters to you. Here is a synopsis of the preceding three articles.

1. The first article established that effective time management is truly not about managing time as such; rather, it is about managing priorities. See full article here.
2. The second article outlined a simple exercise to help you track how you use your hours and minutes during a suitably long period of time, ideally a whole week. See full article here.
3. Yesterday’s article described three steps to tally up your time logs, analyze how you actually use your time, and recognize non-productive tasks and activities. See full article here.

Today’s closing article details a simple process to list your life’s values and priorities and create a time budget to help you center your actions on the truly important aspects of your life and career.

Define Your Values and Priorities

A great deal of anxiety and stress in your life is largely from doing things that are inconsistent with what you believe and what you know you should be doing. Your lack of control over your time stems from doing things that are incoherent with your core values and priorities in life and career.

Matching your actions to the truly important aspects of your life will help you be more focused, more disciplined and more effective. With this objective, spend about 15 minutes to reflect on your life and career, clarify your short- and long-term goals and discover your overriding priorities.

Identify Your Priorities in Life

1. With the help of your spouse or significant other, catalog the core values that you hold dear — the guiding principles of your life. Include personal characteristics, traits and achievements you desire to realize in the short-term and the long-term. Your list many include family, career success, well-being and happiness, prestige, wealth, sense of community or anything else that you feel is important.
2. Rank your values and goals. Sort your list in order of their importance to you. Begin with most important value or goal and end with the least important. Judge between conflicting values to help you commit to ideas and activities that are truly important. Condense your list to 7 to 10 priorities.
3. Rewrite your priorities in terms of actions and achievements that would satisfy each priority or the associated value. Consider the following example.

Example 1: Top Three Priorities of Linda, a Housewife

The previous article on time analysis featured Linda, a housewife who works part-time. Consider this list of her top three priorities in life.

1. Husband and daughter. “Love and care for my husband. Support his career and goals. Nurture our daughter and give her the best upbringing.”
2. Family and friends. “Provide for my aging parents. Support my entrepreneur-brother. Spend more time with dear friends.”
3. Part-time work. “Learn and contribute in my profession as an accountant. Supplement family income.”

Identify Your Priorities at Work

Your desire to be productive at work should begin with understanding your most important tasks in terms of what your role demands of you.

1. Collect your job description, your boss’s and your employees’ job descriptions, your organization’s objectives, any metrics that you report on a regular basis, your recent performance reviews, and your documented career plan. Review these documents.
2. List and rank your priorities. What does your role require of you? What goals have your boss and your organization set for you? What are your key projects and initiatives? How your organizational objectives direct impact your own work? Do not list any more than three major priorities (priorities that require 25% of your time or more) and two minor, comparatively less-significant priorities.

Example 2: Top Priorities of Kumar, a Middle-Level Manager

The previous article on time analysis featured Kumar, a middle-level manager at an aerospace company. Kumar aspires to reorganize his time, adopt productive means to get his work completed by working no more than 45-48 hours per week. Consider the following list of his projects, in order.

1. Project A
2. Project B
3. Coaching and developing team members
4. Initiative M
5. Project C

Realize How Your Current Actions and Priorities are Incoherent

The root of the feeling of being under constant time pressure is the disparity between your actions and priorities. You tend to take advantage of almost every opportunity that comes your way, irrespective of the significance of these opportunities in relation to your core values.

Compare your time log and time analysis report with your list of priorities and decide objectively how much time each of your activities was worth to you in contrast to the time you actually spent on it. You may realize that, perhaps, 80% – 90% of your time is wasted in non-effective activities.

As you review your time analysis report, think about everything that you do that should not be done at all or should not be done by you and recognize all the non-productive, wasteful activities. You will realize that you have been spending time instead of investing time in what really matters.

Resolve to eliminate all activities and commitments that are not aligned to your priorities. For example, Linda — the housewife referred above — spent six hours each week volunteering on the curriculum committee at her daughter’s school “just to be involved.” She realized the lack of value in spending six hours every week on an activity she did not contribute much and decided to withdraw from the committee. Kumar, the middle-level manager, spent way too much time attending meetings. He decided to attend only the most important meetings where his presence was truly required, participated via telephone wherever possible and spared 10 hours on his weekly calendar.

Prepare a Time Budget to Schedule Your Priorities

A time budget helps you decide how your hours should be used given the priorities you have identified for yourself. This is the first step in exercising more control over your time and your life. Preparing a time budget could be as simple as deciding how many hours you would devote to each of your priorities, or could be as complex as setting up your weekly calendar to reflect your priorities.

1. Beginning with your top priority, setup appointments in your calendar and block-off as many hours of the week that are necessary for your priorities. If your most important priority in life is family (it should be,) first allot time for all the activities you desire to do or share your family — set aside time to coach your kids in basketball, set aside time to help your spouse with chores around the home, etc. At work, schedule time to work on your most important projects and initiatives.
2. Locate your most important tasks hours when you tend to be most efficient. For example, if you tend to work best in the mornings, schedule your most important projects for the mornings.
3. Schedule time for your minor projects and lower priorities around your major projects and higher priorities. Decide on the right time to do email, run errands, conduct regular staff meetings, etc.

Your time budget should essentially serve as a guide for how you will spend your time. As with a financial budget, you may not necessarily comply with your time budget. Nevertheless, it is important to prepare a time budget to help you direct how you should spend your time.

Your time budget will help you decide how you can live your priorities. You will realize that by complying with your time budget, your use of your personal time improves dramatically; you are able to focus and reduce anxiety.

Example 1: Time Budget for Linda, the Housewife

Linda prepared the following time budget to help her comply with her stated priorities in life. She eliminated or reduced activities that did not directly contribute to her priorities or were not as productive. For example, she

• ‘found’ six hours by quitting from the curriculum committee at her daughter’s school
• saved four hours by seeking her husband’s help to clean her home and hiring a landscaping service to tend to her yard.
• reduced her time watching TV and on the internet.
• ‘discovered’ more time for her family and friends, exercise and well-being.

Example 2: Time Budget for Kumar, the Middle-Level Manager

Kumar, who previously could not “get it all done” in over 65 hours each week at work, reorganized his calendar around his most important projects and prepared the following budget for 45-48 hours of productive work per week.

Wrap-up: Managing Priorities (and Time) Effectively

This series of articles on the basics of time management described a simple and effective process of logging and analyzing how you use your time, and budgeting your time around your priorities. This process reveals time wastefulness and provides a structure to help you focus on your chosen priorities.

Your personal and professional values and priorities change often based on your progress in life and career. Plan to perform a detailed time analysis regularly — ideally once every six months, — monitor your time, review your priorities and adjust your time budget. Keep your focus on achieving the top priorities.

In sum, time management is, simply, an orderly discipline of controlling how you spend your most valuable resource. The singular purpose of this quest is to regulate the pace of life, reduce unwarranted stress, organize your actions and responsibilities according to the main values and priorities in your life, and realize a meaningful, purpose-driven life.

Recommended Reading

• Don’t let ‘perfect’ be the enemy of ‘done’
• Overcoming procrastination: the “10-minute dash” technique to get a task going
• Seven habits to beat Monday morning blues

***See other articles related to time management, managing priorities, effectiveness, personal organization, getting things done, execution, time logging, time survey, work-life balance

Preamble

This article is the third in a series of four articles that presents the basics of diagnosing how you tend to spend your time and how you can develop the discipline of spending your time on what really matters to you.

1. The first article established that effective time management is truly not about managing time as such; rather, it is about managing priorities. See full article here.
2. Yesterday’s article outlined a simple exercise to help you track how you use your hours and minutes during a suitably long period of time, ideally a whole week. See full article here. Here is what your log should look like.

This article describes three simple steps to tally up your time logs, analyze how you actually use your time, and recognize non-productive tasks and activities.

Step 1: Tally up Time-Use by Purpose or Project

Following an entire week of logging your time in 10- or 15-minute intervals, spend an hour at the end of the week to compile your logs.

The third column in your time log chart had identified the purpose and project of each 10- or 15-minute interval. Consolidate these projects and purposes into meaningful categories, ideally 10-15 categories. Review each day’s time log chart and add the time spent in each category, calculate percent of total time, and tabulate the results as illustrated in the following two examples.

Example 1: Time Analysis for Linda, a Housewife & Part-time Worker

Below is the time analysis for an entire week (168 hours) for Linda, a housewife who works part-time as an accountant at a law firm. Linda feels that she does not spend enough time with her friends and family.

Example 2: Time Analysis for Kumar, a Middle-Level Manager

Kumar, a middle-level manager at an aerospace company, feels he spends too much time at work and yet cannot “get it all done.” Below is the time analysis of his work week (67 hours.) Kumar aspires to reorganize his time, adopt productive means to get his work completed by working no more than 45-48 hours per week.

Step 2: Examine Wastefulness

As you tally your time by categories, ascertain the time you spent unproductively. Understand all your non-productive, wasteful activities. Identify,

1. Time spent doing things that do not directly contribute to your short- and long-term goals and, hence, should not be done at all.
2. Time spent on activities that need a lot of work, but have very little return in comparison to other necessities. These are activities that may not make any difference if you eliminate them.
3. Time spent doing others’ work — time spent doing things that could have been and should be done by someone else. For instance, the 1.5 hours that Kumar spent on booking tickets and accommodation for an upcoming trip could have been done by an administrative assistant.
4. Time wasted in transitions — for instance, time wasted when waiting for an appointment with your dentist, time wasted for a meeting to start, time lost due to a computer crash.
5. Time spent doing things that you could more productively by using the right tools, learning a new skill, changing a process (developing a standard system,) seeking somebody’s help, or using a new software program.
6. Time wasted from being disorganized. Time wasted in figuring out what to work on, or time wasted by not collecting all the resources when they could have been collected earlier, for instance.
7. Time spent handling interruptions and distractions, such as when colleagues stop-by your desk to discuss their weekends.
8. Time spent fighting fires caused by your earlier inaction or careless work. And, time spent doing things that could have been avoided had you taken the appropriate actions earlier.
9. Time spent doing things that were probably better suited for other parts of the day. For example, checking email first thing in the mornings when you, like the majority of people, tend to be most efficient.

After taking into account time wasted, the remainder of time on your time logs should be time actually spent doing something useful or meaningful at the right time — as defined by your priorities in life or your role in your organization. Contemplate habits you can develop to avoid wasting time. (Future blog articles will discuss such habits in detail.)

Step 3: Investigate Time Demands to Seek Better Habits

“Many executives know all about these unproductive and unnecessary time demands; yet they are afraid to prune them. They are afraid to cut out something important by mistake. But this mistake, if made, can be speedily corrected. If one prunes too harshly, one usually finds out fast enough.”
-Peter Drucker in ‘The Effective Executive’

For each task in your time log, ask the following three themes of questions to assess the nature of everything you spend time on.

• Theme 1: Questions to examine the necessity. Ask, “Should I do this at all? Does this relate to my priorities? Does this help me achieve my goals or my organization’s objectives?”
• Theme 2: Questions to examine the ownership. Ask, “Is this required of me? Am I the right person to do this? Do I have the right tools to do this? Can I delegate? Can I seek help?”
• Theme 3: Questions to examine the prioritization. Ask, “Can I spend less time on this? Should I do this during the part of the day when I can focus/concentrate better? Can I do this during some other part of the day or week?”

Concluding Thoughts

Asking the above questions helps you identify the nature of your activities and prepares you to discover to spend a significant portion of your time more effectively.

Tomorrow’s article will help you reflect on your life and career and catalog the principal values that you hold dear. These values define your priorities — what is really important to you in the context of your professional and personal life. You can then prepare a ‘Time Budget’ which prescribes how you should spend your time on things that are congruent with your priorities in life or at work.

Recommended Reading

• Make your weekends feel longer
• Managing time by managing priorities
• Logging where time actually goes

***See other articles related to time management, managing priorities, effectiveness, personal organization, getting things done, execution, time logging, time survey, work-life balance

Preamble

This article is the second in a series of four articles that presents the basics of diagnosing how you tend to spend your time and how you can develop the discipline of spending your time on what really matters to you. Yesterday’s article established that effective time management is truly not about managing time as such; rather, it is about managing priorities. See full article here.

Log How You Spend Your Time

“Effective executives, in my observation, do not start with their tasks. They start with their time. And they do not start out with planning. They start by finding out where their time actually goes.”
-Peter Drucker in ‘The Effective Executive’

Before you begin managing your time effectively, you need to develop an idea of how you spend time currently.

Below is a simple exercise to help you track how you use your hours and minutes during a suitably long period of time, ideally a whole week. If you follow a specific routine everyday, you may be able to approximate your time analysis by doing this exercise for a couple of weekdays and a Saturday or a Sunday. Alternatively, you may choose to do this only during your time at work. Again, more data leads to a more comprehensive analysis; hence, try to log an entire week.

1. Create a simple chart that consists of four columns as in the above illustration. Column 1 contains labels for time intervals, in 10- or 15-minute increments. Column 2 records your activity. Column 3 identifies the project or purpose that activity served. Column 4 rates the effectiveness of time spent. Itemizing all these details is the key to identifying time wasted and time effectively used.
2. Make as many photocopies of this chart as required for a whole week.
3. Carry your time log charts around with you wherever you go. Record every activity — significant or insignificant, large or small — during the entire week. Include time spent at your morning ablutions, travel time, time spent chitchatting around the water cooler, time spent helping your daughter with homework, telephone time, time spent on the internet — your sleeping time too.

Time Log Forms

Here are two PDF forms you could download and use:

• A time log form for a full day (24 hours) in 10-minute intervals
• A time log form for a work day (11 hours) in 15-minute intervals

You need not necessarily stop every 10th or 15th minute to record your activity. You can fill up the relevant rows once every hour or so. If you spend two hours on an airplane, you can mark 12 rows (of 10 minutes each) with a single comment. You need not be very precise: if you spend 7 minutes on the phone with a customer, you can record spending an entire 10 minutes.

Here is what your log should look like.

Benefits of Time Logging

The immediate benefit of time logging is that it induces a sense of significance of your time. It compels you into the right mindset to consider habits you need to develop, avoid or change and start using your hours and minutes more effectively.

The more significant advantage is that your time logs will serve as a foundation for structuring your time according to your priorities and thus enable effective time management.

Tomorrow’s article will focus on time-analysis to help you review results from your time logs and prepare you for budgeting time according to your priorities.

Recommended Reading

• The basis for managing your time
• Prepare tomorrow’s to-do list as you wrap-up today
• Everyday reflections for effective time management

***See other articles related to time management, managing priorities, effectiveness, personal organization, getting things done, execution, time logging, time survey, work-life balance