Latest / Inspirations for a Better Life / Inspirations for a Better Life, Season 1, Episode 3, Time is our only True Currency.
Transcript
- 0:07SPEAKER_00: Let me ask you something.
- 0:09SPEAKER_00: What's the most expensive decision that you've ever made?
- 0:14SPEAKER_00: And give that a moment.
- 0:16SPEAKER_00: I mean it could be a conversation that you've been putting off, a change of direction, asking for help, starting something that matters to you.
- 0:27SPEAKER_00: Now you may have thought about the money involved, you may have thought about what other people would say, or what might happen if it didn't work out.
- 0:38SPEAKER_00: But have ever you have you ever stopped to consider what the delay is actually costing you?
- 0:45SPEAKER_00: Because while you're deciding whether you can afford to do something, you're already paying for it in ways that you're not considering.
- 0:54SPEAKER_00: You're paying with your time.
- 1:03SPEAKER_00: Welcome to Inspirations for a Better Life.
- 1:06SPEAKER_00: I'm Phil Hanlon and today I want to explore an idea that changes the way that we look at decisions.
- 1:13SPEAKER_00: Time is the only true currency that we have.
- 1:17SPEAKER_00: Now, I know that we need money.
- 1:20SPEAKER_00: I mean we've got bills to pay, responsibilities to meet, people who depend on us.
- 1:24SPEAKER_00: I'm certainly not dismissing any of that.
- 1:27SPEAKER_00: But money can be earned again.
- 1:30SPEAKER_00: An hour of your life?
- 1:31SPEAKER_00: Can't.
- 1:32SPEAKER_00: Once it's gone, you can't negotiate it back.
- 1:35SPEAKER_00: There's no customer service number that you can call and say, actually, I didn't really enjoy last Tuesday.
- 1:41SPEAKER_00: Can I have it back in my account, please?
- 1:43SPEAKER_00: That's what makes time so valuable.
- 1:46SPEAKER_00: I want to be clear as well about the spirit of this conversation from the start.
- 1:52SPEAKER_00: I'm not inviting you to sit there adding up the years that you wish had been different.
- 1:59SPEAKER_00: I'm inviting you to look at what you can do now with the time that's in front of you.
- 2:05SPEAKER_00: There's a world of difference between those two things.
- 2:09SPEAKER_00: Think about how carefully we protect our money.
- 2:14SPEAKER_00: I mean we check bills, we question a price, we notice when a subscription goes up by just a few pounds.
- 2:21SPEAKER_00: We might spend an hour searching for a better deal on something that we don't particularly need.
- 2:28SPEAKER_00: Yet we can give a whole evening something that leaves us feeling worse than when we started, and hardly question it at all.
- 2:39SPEAKER_00: We say, well, didn't cost me anything.
- 2:42SPEAKER_00: Didn't it?
- 2:45SPEAKER_00: What did you give?
- 2:47SPEAKER_00: I mean you gave your attention, your evening, a slice of your life.
- 2:56SPEAKER_00: That doesn't mean of course that every evening needs to produce a result.
- 2:59SPEAKER_00: I mean watching a film because you enjoy it can be a lovely way to spend your time.
- 3:04SPEAKER_00: So having a laugh with a friend or sitting quietly, just doing absolutely nothing for a while.
- 3:11SPEAKER_00: Enjoyment has value.
- 3:13SPEAKER_00: Rest has value.
- 3:15SPEAKER_00: But the question is whether you choose it and whether it gives you something of value.
- 3:23SPEAKER_00: I mean, have you ever picked up your phone to check one thing and then later on you're looking at the clock and think, oh my goodness, where on earth did that time go?
- 3:32SPEAKER_00: That's the sort of moment I'm talking about.
- 3:35SPEAKER_00: When your time has gone somewhere without any decision from you at all.
- 3:40SPEAKER_00: And it happens with bigger things too.
- 3:43SPEAKER_00: I mean we get used to a situation, we work around it sometimes, we tell ourselves that we'll deal with it when things settle down.
- 3:52SPEAKER_00: Then the arrangement becomes the routine, and the routine becomes our life.
- 4:00SPEAKER_00: Now suppose someone is unhappy in their work.
- 4:05SPEAKER_00: Every Sunday evening they begin thinking about Monday.
- 4:09SPEAKER_00: They're distracted at home.
- 4:11SPEAKER_00: They know something needs to change, but the thought of changing just feels enormous.
- 4:16SPEAKER_00: Maybe they start to take it out on their partner or their children, not consciously, of course.
- 4:22SPEAKER_00: So they just say, you know what, I'm going to leave it for now.
- 4:26SPEAKER_00: Now that might be sensible for a period, but perhaps they need savings, more information or a qualification.
- 4:34SPEAKER_00: Perhaps their caring responsibilities mean that it's difficult for them to change.
- 4:39SPEAKER_00: I mean, these are real considerations.
- 4:42SPEAKER_00: But let's ask another question.
- 4:45SPEAKER_00: Is there a plan inside that waiting?
- 4:49SPEAKER_00: Are they finding out what their options actually are?
- 4:54SPEAKER_00: Are they putting something aside?
- 4:55SPEAKER_00: Are they speaking to someone who could help?
- 4:59SPEAKER_00: Or is for now simply rolling forward every week?
- 5:05SPEAKER_00: Because six months of preparation and six months of avoiding the subject can look quite similar on a calendar when you look back at it.
- 5:12SPEAKER_00: They can take you though to very different places indeed.
- 5:17SPEAKER_00: And you don't have to hand your notice in tomorrow and begin changing your working life or a relationship.
- 5:24SPEAKER_00: I mean you might need to spend half an hour updating a CV or speaking to your manager, or find out what a different role would actually involve.
- 5:32SPEAKER_00: I mean decisions become less overwhelming when you stop asking yourself to solve the whole future in one go.
- 5:40SPEAKER_00: But what is the next useful thing that you can do?
- 5:45SPEAKER_00: I can bring this back to something in my own life, of course.
- 5:48SPEAKER_00: I mean, this podcast.
- 5:50SPEAKER_00: The interview I recorded with Laura Evans, which was the last episode that was published, was filmed almost two years ago before I published it as part of this series.
- 6:01SPEAKER_00: So the idea for this podcast existed long before the episodes began going out into the world.
- 6:08SPEAKER_00: I mean there was already a conversation recorded there.
- 6:11SPEAKER_00: There was something there to share.
- 6:14SPEAKER_00: Now I'm not going to pretend that everything between recording and publishing was wasted.
- 6:18SPEAKER_00: I mean life and business, they carry on.
- 6:21SPEAKER_00: Other things need my attention.
- 6:23SPEAKER_00: Projects take time to develop, of course, but it gives me a very practical question to ask myself.
- 6:31SPEAKER_00: When does preparing something help it move forward?
- 6:36SPEAKER_00: And when does it start becoming a way of keeping it safely out of sight?
- 6:41SPEAKER_00: I mean, for the first episode I recorded several versions that I wasn't happy with.
- 6:44SPEAKER_00: I changed the script and I recorded it again and again and again, and then I took the decision that I'd been putting it off for too long.
- 6:52SPEAKER_00: I stopped letting perfection be the enemy of the good, and I realized that if I didn't act now, I'd forget about trying properly, and it would never get published.
- 7:04SPEAKER_00: Now that sequence matters.
- 7:06SPEAKER_00: I could now work with something real, because it's there.
- 7:10SPEAKER_00: I could hear what needed to change and do something about it.
- 7:14SPEAKER_00: The people listening could only start listening once there was an episode available.
- 7:19SPEAKER_00: And that applies to so many other things, doesn't it?
- 7:22SPEAKER_00: I mean the application for a job that nobody can consider until you send it.
- 7:27SPEAKER_00: The conversation that nobody can respond to unless you begin it, the support nobody knows you need until you ask.
- 7:36SPEAKER_00: I mean sometimes a small action gives you information that another month of thinking just simply can't.
- 7:45SPEAKER_00: Now what makes waiting so persuasive?
- 7:49SPEAKER_00: I mean often it gives us some immediate relief.
- 7:52SPEAKER_00: I mean if you're nervous about a conversation and you put it off, well, you don't have to feel the discomfort of having it today.
- 8:01SPEAKER_00: That's of course understandable.
- 8:04SPEAKER_00: But the subject is still going to be there tomorrow.
- 8:08SPEAKER_00: I mean you might rehearse it while you're driving, you might revisit it before bed, you might stay up thinking about it, wonder what the other person's going to say.
- 8:19SPEAKER_00: The conversation you haven't had can end up occupying far more time than the conversation itself would have taken, and it distracts you from all the other important tasks that need your attention.
- 8:32SPEAKER_00: Now, of course, you can't guarantee a good response.
- 8:36SPEAKER_00: Sometimes you need support or boundaries or a safer way to approach something, but it helps to look at the full cost of leaving it unresolved.
- 8:45SPEAKER_00: What is this taking from my day?
- 8:48SPEAKER_00: How much attention am I giving to it?
- 8:51SPEAKER_00: What am I less available for because part of me is still occupied with what I am avoiding?
- 9:00SPEAKER_00: That's where the currency analog becomes useful.
- 9:03SPEAKER_00: We begin looking beyond the price on the label.
- 9:06SPEAKER_00: Something can be financially free, but personally expensive.
- 9:11SPEAKER_00: Now I know from personal experience that before I learned that lesson, it was a major procrastinator, and it cost me dearly.
- 9:19SPEAKER_00: I can think of countless conversations and situations that I put off dealing with because I wanted to delay the feared result, and in the main, the resulting situation was always worse than it would have been if I just dealt with it up front when it needed to be addressed.
- 9:34SPEAKER_00: I mean it's Stephen Covey's seven habits for affected people.
- 9:37SPEAKER_00: We learn to put first things first, to prioritize and get things done in the order that would give us the most return.
- 9:44SPEAKER_00: But I'd add to that though.
- 9:46SPEAKER_00: Well, it's certainly good to practice it.
- 9:48SPEAKER_00: I'd advise you to do what I do these days, and that's act on what you're avoiding first.
- 9:54SPEAKER_00: I mean, think about it.
- 9:56SPEAKER_00: You know what you need to have in the conversation.
- 9:59SPEAKER_00: There's a communication to be had with someone or an organization.
- 10:03SPEAKER_00: You need to deal with something, and your fear of how you're going to be doing it is stopping you from taking action.
- 10:09SPEAKER_00: You know, if you're a to-do list type of person, it's probably on your list.
- 10:13SPEAKER_00: Probably not at the top though, because that's just too daunting.
- 10:16SPEAKER_00: So what do you do?
- 10:18SPEAKER_00: You think about it, you consider what you have to do, and then you agree with yourself that you'll do it later.
- 10:25SPEAKER_00: Now, does that stop you from thinking about it or distracting you, of course?
- 10:29SPEAKER_00: Of course not.
- 10:30SPEAKER_00: You're constantly aware of the fact that it's still there, looming in the background, stopping you from being 100% effective in what you should actually be doing.
- 10:39SPEAKER_00: And what happens when your day gets away from you and it's got to be rescheduled for the next day and the next.
- 10:46SPEAKER_00: And it stays in your mind.
- 10:47SPEAKER_00: It distracts you and it stops you from being effective.
- 10:51SPEAKER_00: Better to do the things that you're avoiding first, right at the start of your day.
- 10:57SPEAKER_00: Kill the monster while it's small, not when you've imagined it growing over days, weeks, or even longer.
- 11:06SPEAKER_00: I think it was the British comedian Jimmy Carr who's often quoted as saying that the life you want is on the other side of the work you're avoiding.
- 11:17SPEAKER_00: And this does several things all at once.
- 11:19SPEAKER_00: I mean, it gets the one thing that you're fearing done and out the way.
- 11:25SPEAKER_00: It allows you to relax, knowing that whichever way it's gone, it's now done and it's behind you.
- 11:31SPEAKER_00: And it starts to form momentum for the day as you're now proud of yourself for stepping up, and that allows you to plow into the next item that needs your attention.
- 11:42SPEAKER_00: And that's without the fear and the distraction that you've still got that one thing to deal with, that one issue that you've been avoiding.
- 11:51SPEAKER_00: Now there's another idea that I want to bring into this, and that's compounding.
- 11:57SPEAKER_00: Now we usually hear about compounding in relation to money.
- 12:02SPEAKER_00: Something bills, and what it bills begins to contribute to further growth.
- 12:08SPEAKER_00: Now our lives aren't bank accounts.
- 12:17SPEAKER_00: Small actions, they can build on one another.
- 12:21SPEAKER_00: I mean imagine you give fifteen minutes a day to something that you keep saying matters to you.
- 12:30SPEAKER_00: I mean over a year that's more than ninety hours.
- 12:35SPEAKER_00: Ninety hours to practice a skill, to work on a project, to learn something that opens up a totally different possibility.
- 12:44SPEAKER_00: The benefit may be go make go right beyond the hours themselves.
- 12:49SPEAKER_00: I mean you practice so you become a little bit more capable.
- 12:53SPEAKER_00: Becoming more capable may make the next attempt easier.
- 12:58SPEAKER_00: You begin seeing evidence that you can keep a promise to yourself.
- 13:04SPEAKER_00: I mean that evidence can affect what you're willing to try next.
- 13:10SPEAKER_00: It won't happen in a perfectly straight line, of course.
- 13:12SPEAKER_00: I mean, you'll miss days.
- 13:14SPEAKER_00: Some attempts will be frustrating, and there'll be times when other things of course matter more.
- 13:21SPEAKER_00: But you've begun creating something that can develop.
- 13:26SPEAKER_00: I mean think about a relationship too.
- 13:30SPEAKER_00: Ten minutes of a proper attention doesn't sound dramatic.
- 13:35SPEAKER_00: Put the phone down.
- 13:37SPEAKER_00: Listen to the answer when you ask how someone is.
- 13:41SPEAKER_00: Notice when they're trying to tell you something.
- 13:45SPEAKER_00: Now one conversation might be ordinary, but repeated attention can become part of how the relationship feels.
- 13:55SPEAKER_00: Equally repeating saying later can become part of how it feels too.
- 14:01SPEAKER_00: Now that's why I think that it's the little choices that deserve our attention.
- 14:07SPEAKER_00: They help establish what becomes normal.
- 14:11SPEAKER_00: So remember there's a cost to changing something, and there's also a cost to keeping it the same.
- 14:20SPEAKER_00: Now we need both on the table.
- 14:24SPEAKER_00: If you only look at the discomfort of beginning, staying where you are can seem like the obvious choice.
- 14:31SPEAKER_00: But ask yourself, if I carry on exactly as I am for another six months, what's likely to happen?
- 14:39SPEAKER_00: Perhaps very little change.
- 14:42SPEAKER_00: Perhaps the situation will become more difficult.
- 14:46SPEAKER_00: Perhaps it will improve for reasons that you just can't explain at the moment.
- 14:50SPEAKER_00: But be honest with yourself.
- 14:53SPEAKER_00: You don't need to invent a disaster to make the question useful.
- 14:57SPEAKER_00: You just need to stop treating delay as though it has no consequences.
- 15:04SPEAKER_00: And then ask the other side of it if I take one sensible step now, what might be possible six months from now?
- 15:18SPEAKER_00: You won't know everything.
- 15:20SPEAKER_00: None of us does.
- 15:22SPEAKER_00: But you may know enough to begin.
- 15:26SPEAKER_00: Now I also want to talk about the past because I know where a conversation like this can take people.
- 15:34SPEAKER_00: Now you may be thinking I wish I'd heard this ten years ago.
- 15:40SPEAKER_00: Or I've already given so much time to something that hurt me in the past.
- 15:45SPEAKER_00: I mean that can be painful to recognise.
- 15:48SPEAKER_00: And I'm not going to dismiss that pain by telling you that everything happened for a reason.
- 15:53SPEAKER_00: Some things cost us dearly.
- 15:55SPEAKER_00: Some things were outside our control.
- 15:59SPEAKER_00: Sometimes we did the best that we could with the understanding and the support that we had at the time.
- 16:05SPEAKER_00: You are allowed to acknowledge that.
- 16:08SPEAKER_00: But you don't have to turn that recognition into a judgment on the rest of your life.
- 16:17SPEAKER_00: Now there's a principle at the heart of my work.
- 16:20SPEAKER_00: Leave the past where it belongs, in the past, and build a compelling future.
- 16:27SPEAKER_00: Now that can take real work.
- 16:29SPEAKER_00: Understanding what happened, working with what it means to you, getting the right help when you need it.
- 16:36SPEAKER_00: It doesn't mean pretending that you can simply choose never to feel something again.
- 16:44SPEAKER_00: But it means giving yourself the possibility of your future that isn't entirely organized anymore around what's already happened.
- 16:54SPEAKER_00: And there's another way as well that we get caught, and I hear it so often.
- 16:59SPEAKER_00: People saying, but I've just put so much time into this already.
- 17:06SPEAKER_00: Well, I mean, we say it about projects, we say it about relationships, ambitions, jobs, all sorts of things.
- 17:14SPEAKER_00: And you know, sometimes continuing is exactly the right thing to do.
- 17:20SPEAKER_00: Something worthwhile might need patience and commitment.
- 17:25SPEAKER_00: But the time you've already spent can't, by itself, tell you whether continuing is wise.
- 17:34SPEAKER_00: I mean ask yourself, knowing what I know now, would I choose to give this the next six months of my life?
- 17:42SPEAKER_00: And that's what you're talking about.
- 17:45SPEAKER_00: Slices of your life that you can never get back again.
- 17:51SPEAKER_00: Now that's much more useful as a consideration than trying to recover the last six months by spending another six months in the same way.
- 18:02SPEAKER_00: You can honor what something meant to you and still reconsider what happens next.
- 18:09SPEAKER_00: Now there's a trap in all of this that I want us to avoid.
- 18:14SPEAKER_00: You could come away thinking, right, every second counts, I'd better fill every second.
- 18:21SPEAKER_00: And that would just miss something really important.
- 18:26SPEAKER_00: Your life needs room in it.
- 18:29SPEAKER_00: I mean I ride a magnificent gelding at the stables, and that time gives me space, space to reflect, to clear my head.
- 18:40SPEAKER_00: You can't judge its value by asking how many emails I answered while I was there.
- 18:46SPEAKER_00: I mean its value is in the experience itself and in the space it gives me.
- 18:52SPEAKER_00: You'll have your own version of that.
- 18:55SPEAKER_00: A walk, music, gardening, time with somebody you love.
- 19:01SPEAKER_00: Sometimes the most useful decision is to stop working for the day and be present in your own life.
- 19:11SPEAKER_00: So when I say spend your time on what serves you, of course I include rest, enjoyment, connection, and simply being alive to what's around you.
- 19:27SPEAKER_00: I include your responsibilities, of course.
- 19:29SPEAKER_00: We don't all have the same freedom to choose how our days are spent.
- 19:34SPEAKER_00: Looking after somebody, keeping a roof over your head, getting through a difficult period.
- 19:41SPEAKER_00: Those things matter.
- 19:42SPEAKER_00: The useful question though is about the choice that you actually have though.
- 19:49SPEAKER_00: Where is there a little room to do something differently?
- 19:54SPEAKER_00: Now, I'd like to make this a little bit practical now.
- 19:57SPEAKER_00: If you're driving, leave this until you've stopped somewhere safe.
- 20:01SPEAKER_00: Otherwise, take a moment and think of one thing that you've been putting off.
- 20:07SPEAKER_00: Just one choose something that keeps coming back into your attention.
- 20:12SPEAKER_00: Something you know deserves a decision or an action.
- 20:19SPEAKER_00: Got one?
- 20:21SPEAKER_00: Now ask yourself what is leaving this as it is costing me.
- 20:29SPEAKER_00: Try to be specific.
- 20:31SPEAKER_00: Perhaps it's taking up your evenings.
- 20:34SPEAKER_00: Perhaps it's keeping you distracted during time with your family.
- 20:37SPEAKER_00: Perhaps an idea that you care about never gets any closer to becoming reality for you.
- 20:43SPEAKER_00: Perhaps it's pressures of contributing to an unhealthy habit to distract you from taking action that you know you need to take.
- 20:52SPEAKER_00: And then ask this What am I waiting for?
- 20:58SPEAKER_00: There may be a really good answer.
- 21:00SPEAKER_00: I mean it could be money or information, support, time to recover.
- 21:04SPEAKER_00: Somebody else's decision maybe.
- 21:07SPEAKER_00: And that's the case.
- 21:08SPEAKER_00: Well what can you do to make that happen quicker?
- 21:12SPEAKER_00: When will you review it?
- 21:15SPEAKER_00: Or perhaps you're waiting to feel completely certain.
- 21:20SPEAKER_00: But would you recognize certainty if it arrived?
- 21:22SPEAKER_00: I mean, what would actually be enough information to take the next step?
- 21:28SPEAKER_00: Sometimes the certainty, the clarity, only arrives after you've taken the first step.
- 21:35SPEAKER_00: Finally, decide on one action you can reasonably take in the next twenty four hours.
- 21:40SPEAKER_00: No, in fact, forget that 24 hours.
- 21:42SPEAKER_00: What's an action you can take right now, however small, that will get this rolling once and for all?
- 21:48SPEAKER_00: I mean, are you going to write that email, arrange the conversation, spend fifteen minutes on the first page of your book?
- 21:55SPEAKER_00: Find out where you can get support.
- 21:58SPEAKER_00: Whatever it is.
- 22:00SPEAKER_00: Now if the decision is large or complicated, your action can simply be to gather what you need to make that decision responsibly.
- 22:10SPEAKER_00: Give that action a time in your diary.
- 22:14SPEAKER_00: I'll do it sometime leaves it competing with everything else.
- 22:20SPEAKER_00: Tomorrow at ten, I'll spend twenty minutes on this.
- 22:24SPEAKER_00: That gives us somewhere to begin.
- 22:27SPEAKER_00: And if what you keep putting off is asking for help, well you can take that step too.
- 22:35SPEAKER_00: I mean if you'd like to explore working with me, then visit my website, philhanlon.com, and book a free discovery call.
- 22:44SPEAKER_00: I mean we can talk about what's happening, what you'd like to change, and whether my approach, of course, fits with you.
- 22:52SPEAKER_00: I don't need to have it all neatly worked out before we speak.
- 22:56SPEAKER_00: Now I want you to leave you with this.
- 23:00SPEAKER_00: When you're facing a decision, look at the money, look at the practicalities, take your responsibilities seriously and just as importantly, include your time in the calculation.
- 23:19SPEAKER_00: What will this ask of your life?
- 23:22SPEAKER_00: What will postponing it ask of your life too?
- 23:25SPEAKER_00: What could beginning give you the chance to experience?
- 23:31SPEAKER_00: You don't have to answer for every year ahead.
- 23:35SPEAKER_00: Just start with the next decision that's yours to make.
- 23:40SPEAKER_00: The time that is gone is gone.
- 23:44SPEAKER_00: You can learn from it, you can grieve the parts of it that you need, and you can be grateful for the parts of it.
- 23:51SPEAKER_00: But today is where you get to participate again.
- 23:56SPEAKER_00: So when this episode finishes, take the action you choose.
- 24:00SPEAKER_00: Give it a real place in your day.
- 24:03SPEAKER_00: You may find that the first useful return on that investment is simply knowing that you have at last begun.
- 24:14SPEAKER_00: I'm Phil Hanlon.
- 24:16SPEAKER_00: And this is Inspirations for a Better Life.
- 24:21SPEAKER_00: Sincerely, thank you for spending some of your most valuable resource, your time with me.
- 24:29SPEAKER_00: I hope you use something from our conversation to make the next part of your day a little bit more of your own.
- 24:34SPEAKER_00: And if you can think of anyone in your life who you needs you think needs to hear this right now, then please share it with them.
- 24:41SPEAKER_00: Don't forget to hit subscribe or follow on the app that you get your podcasts from.
- 24:46SPEAKER_00: You'll never miss an episode in the future that way.
- 24:50SPEAKER_00: Thank you for listening.