Time Value of Time

What is your time worth to you? No, really!!

We all get into the lazy habit of regurgitating “Time is Money” but our behavior signals the opposite. Because more than time is money, when you are not doing anything with your time, you are losing money that you can’t get back and so therefore every action, every measure of sweat must have a return.

Let’s say you are worth $100,000 per year. If we break down your hourly pay(including weekends and sleep hours, because it all counts) that would be $13/hour(–> 2000/week –>300/day–>13/hour). So you need to sleep 8 hours/day, so that means out the gate when you rest, you are losing $104/day –> $728/week –> $36,400/year for sleeping. That leaves you with $63,600 for just living. Think about the other daily costs that are necessary. They add up fast. Time for eating, time for bathing, time for getting dressed, time for getting somewhere, etc. And you have not even decided what you’re going to do with your life. Everything you do has a cost attached to it. And so it is important that the priorities in your life generate a return. Opportunity cost is $13 if you’re not doing something that earns you $13 and then some. You are losing $13 dollars every hour.

Therefore, indecision is not good. Investing time in friends who do not reciprocate value is not good. Creating things to avoid the important is not good.

Try this exercise. See how much your worth to yourself. It will change your concept of how you spend your time.

Defining Moments

Check out my first Vlog, RamseySpeaks.com with Kevin Grimes, CEO of CFO Leasing.

The movement that a pessimist might produce by spitting in a well cannot influence me, but Kevin Grimes, CEO of CFO Leasing, blew me away with his candor and grace under the fire of my scrutiny.

For those of you who have unsure footing in the marathon of enlightened self-interest and leadership, they are two things Kevin’s unique path as submarine cook to CEO of a major accounting firm gave him that are competitive advantages in the world of business. 1) When you do not walk the path of the traditional, it makes you hungrier. You feel you have to prove yourself more. While your competitor is asleep at the wheel, eyes dulled from constant praise, you are slaving at your craft, getting product out the door. 2) You perceive failure differently. Since things have been denied you on account of your difference, failure is not the worst side of the coin. In fact, failure gives you the necessary calluses on your palms to grip the power of success, which can be slippery at times. When you have survived the worst only great things are due you.

I was sharing these gems of wisdom with my mentee by comparing my mentee to his friends. My mentee is chasing his dream to work for Major League Soccer, while his friends are traders and analysts on Wall Street. Specifically, one of his friends whom I met is a venture capitalist. Classic overachiever. Can afford to pay for $5000 tickets to go to the World Cup in Africa. However there was a moment when I talked to my mentee’s friend where he got tender and vulnerable. He talked about how his parents were academics and in pursuit for easy answers in corporate he may have strayed from the family tree. That was his truth. That was the moment he was being called to do something deeper and meaningful with his life. But the truth only matters if we are willing to seize it and change our lives because of it. There are some who do that and there are some who continue business as usual.

Things I Learned from The Board Game of Monoploy

Making money entails risk. The only way you can win is by rolling the dice.

Always know your net worth: how much cash on hand and assets you got.

Do not be greedy and overextend and own the whole board. This strategy is only favorable when you have lots of money, but fatal if you don’t. When all your wealth is tied up into many assets and you have short term financial calamities you have to mortgage everything and you can go bankrupt.

Don’t trade punches. Crush your opponent. Business is a game of strategy, less an aggregation of resources. Dismantle your opponent’s psychology and win.

Anyone can win, but can you come back from losing and?

Levels of Human Consciousness

I personally am striving for Love. The number below represent a logarithmic progression. Thus 300 is not twice 150. It is 10^300.

Energy Level
20 – Shame
30 – Guilt
50 – Apathy
75 – Grief
100 – Fear
125 – Desire
150 – Anger
175 – Pride
200 – Courage
250 – Neutrality
310 – Willingness
350 – Acceptance
400 – Reason (Einstein, Freud)
500 – Love
540 – Joy (Saints)
600 – Peace (Transcendence, God-consciousness)
700 – 1000 – Enlightenment (Lord Buddha, Lord Christ, Lord Krishna)

Busy-ness does not mean business

Busy-ness does not mean business.

In 2008, I was a man on fire. I ran my first full marathon. I completed my first sprint triathlon. I jumped 14,000 feet out of a plane dropping 100 miles per hour for one minute before a parachute broke my fall for a soft landing. I biked with a team for 100 miles to raise money for the national multiple sclerosis society. It was, to say the least, my Jesus year. My passion for extreme sports and challenges multiplied themselves into infinite loaves of inspiration for others and myself. And for that I am eternally grateful.

Yet despite these personal triumphs, there is an inconsolable itch gnawing at me, which knows all that vibration, all that busy-ness I pursued, while inspirational, made no real difference in the world. It did not mean business. It did not employ anyone laid off in the auto industry of Detroit. It did not curtail the foreclosure market spreading its death grip over middle American families. It did not reconcile the technology gap widening between public and private sectors of education. It did not innovate or solve a business problem.

As a leader you must constantly ask yourself “Are you inventing things to do to avoid the important?”, because doing something unimportant well, does not make it important. And doing unimportant things does not make you a leader, it makes you unimportant; at best interesting, but non-substantive.

Leaders are very effective at prioritizing and making things count towards a big goal that is shared by more than that leader. For instance, I have a friend at Goldman Sachs, who like me enjoys marathons only he took it one step further. He launched a non-profit around his passion for marathons, where he set a crazy goal to raise a million dollars by running in fifty marathons. That’s about one marathon per state. He set up a donation fund(which he contributed half), an executive board, and alliance with local media and corporate sponsors. The money will go to disadvantaged schools in the inner city to employ qualified Math and Science teachers. That is leadership dipped and plated in bronze. Both inspirational and bent towards institutional change.

In many instances, we pursue unimportant tasks well, because we are afraid of failure and rejection from important things. We check Facebook interminably. We watch reruns of Family Guy. We obsessively manicure the lawn to one-up our neighbors. We run mindless errands. We pile our lives with busy-ness syndrome to avoid thinking and making tough decisions about what is important and necessary and what will truly drive change in the lives of others. It is up to you as a leader to stop and get down to business.