Manage Time. Make Money By Jullien Gordon Contents Time is money Time is not money Time & Money Defined Creating value Capturing value The cost of time Personal velocity

Time is Money Spend it It is valuable Lose it Waste it Invest it Never enough Plan to use it You run out of it

Spend it

It is valuable

Lose it

Waste it

Invest it

Never enough

Plan to use it

You run out of it

Questions Money What exactly is money? Why is it important to manage money? What happens if you don’t manage money? Time What exactly is time? Why is it important to manage time? What happens if you don’t manage time?

Money

What exactly is money?

Why is it important to manage money?

What happens if you don’t manage money?

Time

What exactly is time?

Why is it important to manage time?

What happens if you don’t manage time?

Time is not Money You can’t get time back You can’t save time You can’t make more of it Do something for money, not for time Time is priceless. You can’t buy time.

You can’t get time back

You can’t save time

You can’t make more of it

Do something for money, not for time

Time is priceless. You can’t buy time.

Time & Money Defined Dictionary Money = a divisible, durable, scarce storer and measure of wealth. A currency that helps the process of allocating resources. A way to determine the value of goods and services. Means to which resources can be acquired. A medium of exchange to purchase good and services.

Dictionary

Money = a divisible, durable, scarce storer and measure of wealth. A currency that helps the process of allocating resources. A way to determine the value of goods and services. Means to which resources can be acquired. A medium of exchange to purchase good and services.

Time & Money Defined Dictionary Time = direction of the deterministic increase entropy in a closed system. A continuous method of measuring the limited existence of objects in the universe. A tool that is imagined for organizational purposes. Dimensional quality to specify an event. An instance or single occasion for some event.

Dictionary

Time = direction of the deterministic increase entropy in a closed system. A continuous method of measuring the limited existence of objects in the universe. A tool that is imagined for organizational purposes. Dimensional quality to specify an event. An instance or single occasion for some event.

My Definition of Money Money = a mechanism designed to measure and store our ability to create value 3. Spend value 2. Store Value 1. Create value by creating something at work by getting paid in the form of money in the form of money at a later time

Money =

a mechanism designed to measure and store our ability to create value

My Definition of Time Time = a mechanism designed to measure our ability to eliminate space/distance between two events (event #1: where someone/thing is and event #2: where someone/thing wants to be) Point A = where someone/thing currently is A Point B = where someone/thing want to be B I’ll be home in 15 minutes I’m 3 years away from graduation

Time =

a mechanism designed to measure our ability to eliminate space/distance between two events (event #1: where someone/thing is and event #2: where someone/thing wants to be)

Value Creation Business creates value……….……..Service Business captures value……….….+ $100/hr Business pay employee….………... - $60/hr Business pay all bills……..………… - $20/hr Business profits………………………+ $20/hr _____________________________________________________________ By doing something customer couldn’t do for self as well By charging the customer a price for the service By giving them a wage for their service

Business creates value……….……..Service

Business captures value……….….+ $100/hr

Business pay employee….………... - $60/hr

Business pay all bills……..………… - $20/hr

Business profits………………………+ $20/hr

Who’s a better time manager? The person who says it will take them 2 hours but takes 3? The person who says it will take them 4 hours and takes 4? Though Person A finishes faster, Person B creates enough space for them to get what they needed done based on their knowledge of themselves which makes them a better time manager/budgeter.

The person who says it will take them 2 hours but takes 3?

The person who says it will take them 4 hours and takes 4?

Manage Time. Make Money. CEO on the top floor Makes $100/hr The company thinks that he is critical to get them from A to B fast Janitor in the basement Makes $30/hr The company doesn’t think that he is critical to get them from A to B

CEO on the top floor

Makes $100/hr

The company thinks that he is critical to get them from A to B fast

Everything Cost Time How much does a $300 cell phone cost… … to the CEO who makes $100/hr? … to the janitor who make $30/hr? 3 hours 10 hours That cell phone costs a lot of time! That cell phone didn’t cost much!

How much does a $300 cell phone cost…

Understanding Velocity Velocity = Distance Time New York, NY---------------------------------------> Boston, MA Airplane $130 1 1/2 hour A B Train $100 3 hour Bus $25 4 hour

Your Personal Velocity Personal Velocity = Distance Time Money Time $$$ Hour Personal velocity = our ability to powerfully close space between two events for ourselves, another person, or another entity (ie employer) In order for us to create and capture the most value, we must find “that thing” which we do, where our personal velocity is it at its highest.

Affirmation of Time My time is my most valuable resource. Like money, I will save it, invest it, and spend it wisely.