Value of the bag and the tick-tock
money💸💸 and time⏰...in case you didn't get that
#43
From time to time, I just go back through my Notes and search random works and check out what I’ve saved before around that word. Today, I searched “time”. I’ve been thinking through how I spend my time and energy, attempting to figure out where I could make any adjustments. I took some notes from an article I read about 5 years ago and this what it had to say.
—
1. Wasting Five Minutes
When you have five minutes of down-time, how do you spend that time? Most people use it as an excuse to rest or laze.
By lazing for 5 five minute breaks each day, we waste 25 minutes daily. That’s 9,125 minutes per year (25 X 365). Sadly, my guess is we’re wasting far more time than that.
I was once told by my 9th grade English teacher that if I read every time I had a break — even if the break was just for a minute or two — that I’d get a lot more reading done than expected. She was right. Every time I finished my work early, or had a spare moment, I’d pick up a book and read.
How we spend our periodic five minute breaks is a determining factor to what we achieve in our lives. Every little bit adds up.
Why can we justify wasting so much time?
2. Not Valuing One Dollar
I was recently in Wal-Mart with my mother-in-law buying a few groceries. While we were in the check-out line, I pointed an item out to her I thought was interesting (honestly can’t remember what it is anymore).
What stuck out to me is that she said, “One dollar. That’s a lot of money!”
Why this surprised me is that my in-laws are not short of money. Actually, this happened while we were on a family trip (30+ people) at Disney World — the whole thing being paid for by them.
Understanding the value of one dollar is the same as coming to appreciate the value of time. To thoughtlessly spend one dollar may not seem like a big deal, but it actually is. That frivolous spending compounded over a long enough time could be millions. It also reflects a lack of care about the details, which is where the true art and value lies.
Additionally, 80 percent of current millionaires are first-generation rich, and 75 percent being self-employed. Not getting paid hourly challenges you to take more responsibility for every minute and every dollar. Consequently, a great majority of millionaires are extremely frugal — or at least highly mindful — with their money.
—
Article List— What I’m reading (10 articles a day x 7 days x 4 weeks x 12 months = 3360 articles a year).
How thinking and acting local took Africa’s top-selling phone maker to a multibillion-dollar IPO: “Transsion has focused on designing its products for the African market”. Think local, act global. Transsion is doing what African innovators should’ve been doing. Solving Africa’s problems!
Will Smith just dropped $10k on a startup that pitched him onstage at Disrupt: This is the content I’m here for. Fun fact: the founder of this startup is Ghanaian. Check 👏🏾us👏🏾out👏🏾.
The collapse of UK travel giant Thomas Cook will devastate this African country’s tourism sector: Well this sucks. Because another company didn’t innovate fast enough, causing major problems for another country that almost exclusively depended on them.
Exclusive: Brazil-based ONEVC Closes On $38M Cross-Border Fund: I actually wanted to register the name OneVC. I guess I’ll figure something out another time. But this cross-border thing seems pretty dope. Only firm I can think of that does something similar is EchoVC. BTW check out their shadow portfolio. This company could’ve been in their bag big time by now.
The Cult of Rich-Kid Sports: What are rick kid sports, you may ask? Oh, I know a lot about those— water polo, squash, crew, lacrosse, and skiing. Let’s just add polo in there for kicks. That being said, my kids will be starting with water polo and squash asap.
On TikTok, There Is No Time: I know i mentioned this last week or so. But i really am an old man. I still don’t understand how this thing works and why people are going crazy over it. send help.
Podcast— What I’m listening to (1 podcast episode a day x 7 days x 4 weeks x 12 months = 336 podcast episodes). Broadening my experiences through others’ stories.
American Scandal: I went back and downloaded episodes on corruption and power in New York, BALCO, Tuskegee Syphilis Study, Payola and the Hare Krishna Murders. All these topics were very new to me but I learnt a ton. Lindsay Graham and the Wondery team does a stellar job on researching the history of these cases.
Book— 1 Chapter a day x 7 days x 4 weeks x 12 months = 336 chapters. Most books have 10-12 chapters, so 1 year = 28 to 33 books. And my book list is nearing 1000 books. Send help 🌚
Book recommendations: (the links are book summaries)
Courage to be Disliked by Ichiro Kishimi
📱📱Quotes of the day
If you’re spending like it’s always gonna be there or saving like it’s always going to be winter, you’re never going to go anywhere. Live a little.— Corey Lipsey
I try to choose companies based on the people running them, not the idea or market, because I’ve learned that no one can tell the future but I am an exceptional judge of talent. — Jason Calacinis
Remember folks: “Until the lion learns to write, every story will glorify the hunter.”