The most maluable asset is time

What is your most valuable asset?

While writing this, I am on the flight to Austin, Texas. I will participate in a seminar from Keith Cunningham. On the flight, I am listening to his book “The Road Less Stupid“. It inspired me to think about the most valuable asset. Which brought up this idea:

Sharing my thinking time about the most valuable asset with you, my dear!

What is the most valuable asset? It’s time!

Time is your most valuable assetTo do so,

– I will send you 2 to 3 times a week questions about a thinking time issue
– until the next day we collect our ideas
– on the third day, we evaluate the ideas and decide which one we are going to implement
– then it starts over again with the next issue

Due to being a big fan of simplicity, effectivity, and frugalism, I want to start with thinking about “saving time”. Because time is our most valuable resource. It creates space to do things, that improve your life, health, wealth, growth, vitality and happiness. So, saving time provides you with the biggest benefit. Apart from, if you are permanently bored. But I can’t see that risk in your case. Here are the thinking time questions for today:

  • What am I not doing anymore?
  • What would I recommend to you, not to do anymore?
  • Which of my habits doesn’t produce results?

Find and share at least 3 ideas within the next 24 hours. Write down what comes spontaneously into your mind. Perfectionism is not an issue here. The more ideas, the better. Spontaneous ideas need less time, so you are already implementing one time-saving method!

If you think you don’t have time for this exercise and taking care of your most valuable asset, it means that you would have the biggest benefit from it! So, here are the questions, once again:

  • What am I not doing anymore?
  • What would I recommend to you, not to do anymore?
  • Which of my habits doesn’t produce results?

My ideas about my most valuable asset are:

What am I not doing anymore?

  • The most maluable asset is timeTraining up to 5 times a week. Only training 3 times a week, up to 1 h maximum with high intensity, e. g.
    • Cardio e.g. running, swimming cycling
    • Strengthening e. g. dumbles or weight lifting
    • Mindfulness e. g. yoga, stretching, tantric energy
  • Stop oversleeping, having 1 to 3 rests during the day, lifting night sleep to 6 h max
  • Working longer than 90 minutes continuously
  • Not writing blogs in German anymore, English only. Let Google translate it.
  • Having someone who does the German translation for me
  • Planing the outcome of tomorrow before I fall asleep. Then concentrate on the single most essential task

What would I recommend to you, not to do anymore?

  • protect your most valuable assetClose the door behind you, when working.  And put an “ON AIR” sign with a skull on the outside, e.g. while producing music, learning, writing or having your thinking time. So that nobody disturbs you and to avoid interruptions.
  • Only have those things on the table, I currently need to get my current job done.
  • Concentrate on a single task. No drinks, snacks, cigarettes while working. Nor playing with the smartphone, telephone calls, WA, FB, Emails while eating.

Which of my habits doesn’t produce results?

  • Instead of mentoring Chris individually, adding him to the mastermind
  • Not doing social media myself anymore
  • Removing those participants from the mastermind who don’t contribute

One member of the mastermind group came up with the following ideas:

  1. most valuable assetWhat am I not doing anymore?
    Because someone knows more about a particular subject than I do, I would never assume their advice on that subject is right for me.
  2. What would I recommend you not to do anymore?
    Do not talk about lack and limitations, unless you want more of the same
  3. What am I doing due to a habit which doesn’t produce results?
    Complaining about the changes in my company

Another member came up with these thoughts:

  • What am I not doing anymore?
  1. Let me persuade you to dispose of any rubbish from tenants or the like.
    • Listen to boring stories of things that I do not really care about. (Keep your hard drive clean and organized.)
    • Do not feed your mind with any junk you do not care about, a quote from the series “Elementary” (Sherlock Holmes).
    • Endless phone calls with interested customers lead but, as quickly as possible but also as necessary, come to the point and arrange a visit.
    • pointless visits reduce Ala “I wanted to stop by”
    • waste (personal) too much time with Instagram etc.
    • Expand email templates to save time when answering emails
  2. What do you recommend to me to stop doing?
    • Check out what’s fun and then stop doing things that make you unhappy
    • To deal with Apple devices: D
    • Possibly. also from other digital things that will kill you like Newsletter2go etc.
  3. What do I do out of habit, which brings no results?
    • To be the good-natured one
    • Do things quickly and in between that just distract me
    • Listening to stories that do not interest me in principle


… and join the mastermind today

fallacy of time management

Logical Fallacy of Time Management

Instead of asking: What will I do when?
We should rather think about:

Why shall I do what?

fallacy of time managementManaging our urgent tasks is the Logical Fallacy of Time Management. We should manage our tasks depending on how essential they are. To be able to do so, we need to know what we want to achieve in our life.

This is much easier if we have written down our dreams and targets. To find the next required step, it is good to reread your dreams and targets, in order to stay focused. Then think about the next little task, that you are going to initiate today.

Can you feel, how your focus shifts from urgent to essential?

Inborn Logical Fallacy of Time Management

The damn thing is: We are genetically programmed to focus on the urgent stuff. If a dinosaur did hunt your grand-grand-…-parents, they did run! And they did not think about, what would be the next essential step to becoming spiritually enlightened! Nor they sat down and smoked a cigarette to think, what would be the best in this situation?

This instinct to take care of the urgency in this situation saved their life. And by acting like this, they were able to protect our species. So we should be grateful for this instinct because we are alive due to it!

How to overcome the Logical Fallacy of Time Management

Nowadays dinosaurs are not around anymore. So other things came into our lives, that we consider as urgent, e.g.:

  • the taxman,
  • our boss,
  • being on time for a date,
  • deadlines,
  • and schedules.

Which is good, if you have thought about the priorities first! And if you schedule most of your time for tasks, that serve your dreams and targets! By doing so, you made your essential tasks urgent. So your basic instinct of focusing on the urgent stuff serves your essentials!

So, go and review your dreams and targets to overcome the Logical Fallacy of Time Management. Then choose the next little step and schedule it for the next week … just to make it urgent!

… because this also makes you happier!