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Afford Anything | Make Smart Money Choices

How to Believe Your Time is Abundant -- with Laura Vanderkam

Afford Anything | Make Smart Money Choices

Paula Pant | Cumulus Podcast Network

Entrepreneurship, Investing, Business

4.73.6K Ratings

🗓️ 27 August 2018

⏱️ 64 minutes

🧾️ Download transcript

Summary

#147: Which of the following two attitudes describes you? "I'm crunched for time." -- or -- "I have all the time in the world." I'm guessing your answer is the first, rather than the second. But what if you could feel like your time is expansive and abundant, without drastic changes to your schedule? Most of us want to feel "off the clock," enjoying an existence in which we can linger, without feeling pressure from the demands and stresses on our schedules. According to Laura Vanderkam, even the busiest, most-scheduled people can achieve this feeling. We can live off-the-clock. Laura is a time management expert, but her latest book isn't about *management* in the traditional sense of the word. Rather, it focuses on *time perception* -- getting into the headspace of believing time is abundant, regardless of the demands imposed upon it. The brain stores memories efficiently, which means it vividly recalls novel experiences -- such as the one-week trip to Belize -- while compressing repetitive experiences, like a commute, into a single memory. For that reason, time feels like it passes more quickly when we encounter situations that are routine and familiar, and slows when we experience new situations. That's how a one-week conference feels long, but a routine week at the office flies by. Of course, we can't eschew familiarity; there are many benefits to adopting a routine. But we can slow time by savoring our everyday experiences. The more we engage mindfully in everyday activities -- from savoring each bite of food to noticing the flowers during our commute to work -- the more we're likely to feel relaxed about our time. We create happy memories, rather than compressing our experiences in our minds. Treating our hours with intention can also lengthen our experience of time. We plan and structure our workdays, deciding how to spend our hours between 8 am and 6 pm. But often, we aren't deliberate about how we'll craft the hours from 6 pm to 11 pm, and therefore can feel like we rarely see family, even if we're with them for three to four hours each evening. Deliberately crafting hours doesn't mean jam-packing our schedule in 30-minute increments. Scheduling a two-hour block of time to linger over a long dinner can blend intentionality with the art of savoring. In fact, Laura notes, those who are the most disciplined about their time are also more likely to feel that they enjoy plenty of free time. Structure creates freedom. Today on the podcast, Laura and I talk about how to make time feel abundant. For more information, visit the show notes at https://affordanything.com/episode147 Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0

You can afford anything but not everything.

0:11.4

Every decision that you make is a trade-off against something else.

0:14.7

And that's true, not just for how you manage your money, but also how you manage your

0:18.4

time, your focus, your energy, anything in your life.

0:22.3

That's a limited resource.

0:23.7

And so let's talk about one of those limited resources.

0:26.4

Let's talk about time.

0:28.8

One is a bit of a paradox.

0:30.0

It is limited, but it is not scarce.

0:34.0

And that's what we're going to cover in today's episode, How to Develop an Abundance Mindset

0:37.7

Around Time.

0:39.6

My name is Paula Pant.

0:40.6

I'm the host of the Afford Anything Podcast.

0:43.0

And today we're going to dive into this notion of time.

0:45.4

What's interesting about time and the way that it's similar to money is that with both

0:48.4

money and time, a person can choose to have an abundance mindset or a scarcity mindset.

0:55.1

And I don't mean to sound all like ra ra the secret, like just manifest stuff, man.

0:59.4

Don't worry, this episode is not going to get all hipier than thou.

1:02.8

But the truth of the matter is, you could have two people with identical or nearly identical

1:07.2

schedules, and one person might still perceive time to be abundant while the other might perceive

1:13.8

time to be scarce.

1:15.6

And so the way that we experience time has a huge impact in both our day-to-day happiness

...

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