1 00:00:03,440 --> 00:00:06,680 Speaker 1: Welcome to Before Breakfast, a production of I Heart Radio. 2 00:00:09,000 --> 00:00:14,720 Speaker 1: Good Morning, This is Laura. Welcome to the Before Breakfast podcast. 3 00:00:15,840 --> 00:00:20,919 Speaker 1: Today's tip is about how to amortize time. We only 4 00:00:20,960 --> 00:00:23,680 Speaker 1: get twenty four hours a day, but it might be 5 00:00:23,760 --> 00:00:27,520 Speaker 1: possible to spread out a time debt over a more 6 00:00:27,600 --> 00:00:32,680 Speaker 1: reasonable period of time. Today's tip comes from my friend 7 00:00:32,800 --> 00:00:36,600 Speaker 1: Catherine Lewis, who is a freelance journalist, author, and conference organizer. 8 00:00:37,320 --> 00:00:41,519 Speaker 1: She is usually juggling several projects. She told me that 9 00:00:41,560 --> 00:00:43,839 Speaker 1: she knew she would be getting a project back to 10 00:00:43,880 --> 00:00:46,920 Speaker 1: her in the next month or two, and when she did, 11 00:00:47,600 --> 00:00:51,959 Speaker 1: it would immediately take several days to deal with. The problem, 12 00:00:52,000 --> 00:00:54,520 Speaker 1: of course, is that how on earth can you build 13 00:00:54,520 --> 00:00:58,400 Speaker 1: an open four days into a busy life when you 14 00:00:58,480 --> 00:01:02,240 Speaker 1: don't know exactly in that time payment will come do 15 00:01:03,800 --> 00:01:06,880 Speaker 1: But as we were talking about this, I realized that 16 00:01:06,920 --> 00:01:10,640 Speaker 1: there are some interesting parallels to money, both in this 17 00:01:10,720 --> 00:01:15,039 Speaker 1: scenario and in how she was dealing with it. When 18 00:01:15,080 --> 00:01:18,240 Speaker 1: it comes to money, many people wind up with large 19 00:01:18,240 --> 00:01:21,600 Speaker 1: expenses that we take on at times we wouldn't necessarily 20 00:01:21,640 --> 00:01:25,319 Speaker 1: have that much cash sitting there. It is great to 21 00:01:25,720 --> 00:01:28,399 Speaker 1: pay cash for a car, but if that is not 22 00:01:28,480 --> 00:01:31,800 Speaker 1: going to happen, it is usually possible to borrow the 23 00:01:31,840 --> 00:01:35,680 Speaker 1: money and pay it off in smaller regular chunks over 24 00:01:35,680 --> 00:01:39,640 Speaker 1: a period of say three years, same with buying business 25 00:01:39,640 --> 00:01:44,119 Speaker 1: equipment or property amortized over a longer period of time. 26 00:01:45,520 --> 00:01:50,000 Speaker 1: It turned out that Catherine was doing something similar, basically 27 00:01:50,400 --> 00:01:54,480 Speaker 1: amortizing her upcoming time debt. She told me that she 28 00:01:54,560 --> 00:01:58,640 Speaker 1: was blocking off three hours every Friday for her big project. 29 00:01:59,640 --> 00:02:03,120 Speaker 1: Of course, the project itself was going to take longer 30 00:02:03,120 --> 00:02:06,040 Speaker 1: than three hours, but she had been doing this for 31 00:02:06,080 --> 00:02:09,320 Speaker 1: a month from the very beginning of knowing it was 32 00:02:09,360 --> 00:02:12,600 Speaker 1: going to come back. At some point. When the project 33 00:02:12,840 --> 00:02:15,400 Speaker 1: didn't land back in her lap on a given week, 34 00:02:16,080 --> 00:02:20,079 Speaker 1: she would use those three hours to work ahead unknown 35 00:02:20,280 --> 00:02:25,400 Speaker 1: future projects. This in turn would give her lighter weeks 36 00:02:25,400 --> 00:02:28,919 Speaker 1: in the future, so as the likelihood of the project 37 00:02:29,120 --> 00:02:33,280 Speaker 1: landing on any specific week increased, she was in fact 38 00:02:33,320 --> 00:02:37,799 Speaker 1: getting later weeks in terms of her other workload. When 39 00:02:37,800 --> 00:02:39,960 Speaker 1: the project did finally land, it was still going to 40 00:02:40,000 --> 00:02:44,240 Speaker 1: require some scrambling, but not nearly as much scrambling as 41 00:02:44,240 --> 00:02:46,960 Speaker 1: it would have if she hadn't been using that weekly 42 00:02:47,040 --> 00:02:51,160 Speaker 1: three hour chunk of time. A four day time dead, 43 00:02:51,720 --> 00:02:56,119 Speaker 1: say thirty two working hours could theoretically be paid off 44 00:02:56,160 --> 00:03:00,440 Speaker 1: in about ten weeks of three hour chunks if you 45 00:03:00,480 --> 00:03:04,200 Speaker 1: are careful about how you organize your workload and have 46 00:03:04,320 --> 00:03:07,440 Speaker 1: things you could do ahead of time. Now, I know 47 00:03:07,560 --> 00:03:10,079 Speaker 1: not all work works like this, but I still think 48 00:03:10,120 --> 00:03:12,480 Speaker 1: this is worth thinking about. If your work, or any 49 00:03:12,520 --> 00:03:16,280 Speaker 1: other things you do, tends to fluctuate in terms of business, 50 00:03:17,440 --> 00:03:20,320 Speaker 1: when you know the scope of your future time debts, 51 00:03:21,120 --> 00:03:24,280 Speaker 1: you can make plans to pay off those debts in 52 00:03:24,360 --> 00:03:31,560 Speaker 1: more reasonable chunks that might make life feel more calm. 53 00:03:31,600 --> 00:03:35,320 Speaker 1: So today, think about what future time debts might be 54 00:03:35,360 --> 00:03:39,160 Speaker 1: waiting for you. Will a big project need a lot 55 00:03:39,200 --> 00:03:43,040 Speaker 1: of work at some future time? What can you do 56 00:03:43,240 --> 00:03:47,680 Speaker 1: now to make those future weeks less full so you 57 00:03:47,760 --> 00:03:50,600 Speaker 1: have the space to deal with it. You can do 58 00:03:50,640 --> 00:03:54,440 Speaker 1: this in your personal life too, carving out time for 59 00:03:54,560 --> 00:03:57,880 Speaker 1: planning vacations or thinking about the holidays far ahead of time. 60 00:03:58,960 --> 00:04:01,280 Speaker 1: You are moving some of that work out of weeks 61 00:04:01,280 --> 00:04:05,960 Speaker 1: that might be busier. You are amortizing time. I mean 62 00:04:06,440 --> 00:04:11,480 Speaker 1: not really, but to a degree. Time isn't exactly like money, 63 00:04:12,280 --> 00:04:15,600 Speaker 1: but sometimes when we think of it that way, we 64 00:04:15,680 --> 00:04:21,719 Speaker 1: can make smart choices in the meantime. This is Laura, 65 00:04:22,760 --> 00:04:26,919 Speaker 1: Thanks for listening and here's to making the most of 66 00:04:26,960 --> 00:04:36,479 Speaker 1: our time. Hey, everybody, I'd love to hear from you. 67 00:04:36,480 --> 00:04:39,400 Speaker 1: You can send me your tips, your questions, or anything else. 68 00:04:40,120 --> 00:04:43,720 Speaker 1: Just connect with me on Twitter, Facebook and Instagram at 69 00:04:43,760 --> 00:04:49,280 Speaker 1: Before Breakfast pod. That's B the number four, then breakfast 70 00:04:49,600 --> 00:04:52,400 Speaker 1: p o D. You can also shoot me an email 71 00:04:52,480 --> 00:04:56,320 Speaker 1: at Before Breakfast podcast at i heeart media dot com 72 00:04:56,320 --> 00:04:59,719 Speaker 1: that Before Breakfast is spelled out with all the letters. Thanks, 73 00:04:59,720 --> 00:05:07,680 Speaker 1: so should. I look forward to staying in touch. Before 74 00:05:07,720 --> 00:05:10,760 Speaker 1: Breakfast is a production of I heart Radio. For more 75 00:05:10,800 --> 00:05:14,240 Speaker 1: podcasts from I heart Radio, visit the i heart Radio app, 76 00:05:14,560 --> 00:05:17,760 Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows. 77 00:05:18,440 --> 00:05:18,680 Speaker 1: Yea