How You’re Squandering Your Biggest Asset and What You Can Do About It | DO 44

The masses are squandering their biggest and most valuable asset and are completely unaware. It’s not too late, though. There is something you can do to stop the hemorrhaging. If you don’t do it now, however… you could easily wake up one day in a daze wondering, “What happened?!” On this episode, Matt walks you through the steps to rid this waste from your pursuit of higher achievement.

The masses are squandering their biggest and most valuable asset and are completely unaware.  It’s not too late, though.  There is something you can do to stop the hemorrhaging.  If you don’t do it now, however… you could easily wake up one day in a daze wondering, “What happened?!”  On this episode, Matt walks you through the steps to rid this waste from your pursuit of higher achievement.

 

Resources mentioned in this episode:

Podcast Transcript:

Matt:  Hey, this is Matt, “The Do Over Guy,” and this is Your Do Over: Episode 44.

Announcer: During an era where countless people, businesses, and organizations are feeling the pinch, running out of time, running out of money, losing confidence, feeling as if life is unfair, praying for another chance and unless something is done, life is going to pass them by. Life is going to pass them by.

Fortunately, in the nick of time, there is now a place where the ignored, underestimated and unknown steps to producing results and making life work are revealed. Save your career. Save your business. Save your health. Save your relationships. Save your life. Get from where you are to where you want to be, faster and with greater ease than you ever thought possible.  Say, “Hello!” to Your Do Over.

Matt:  Welcome to Your Do Over, coming to you live from downtown Los Angeles. This is the place where I show people who want more out of life, people dissatisfied with their current situation, how to start over and begin a new life, setting goals and objectives so they can create wealth and live life to the fullest.

You can jumpstart your Do Over and lay a solid foundation for a better life by downloading the Three Pillars of Creating the Ultimate Do Over for free at FreeDoOver.com. It’s a 55-minute mp3 audio program that I made just for you with three specific steps on how to get success as you start over.

The Three Pillars of Creating the Ultimate Do Over will put the legs under your table. They will lay the foundation for you to achieve. They will act as your traveling success coach, and they’re yours for free at FreeDoOver.com.

Time.  Time isn’t a commodity.  It’s something you pass around like a cake.  Time is the substance of life.  When anyone asks you to give your time, they’re really asking for chunk of your life.  Antoinette Bosco, journalist and author.  It makes news every year.  ‘Tis the season, Black Friday is upon us.  It’s the Friday after Thanksgiving to which I’m speaking.  That big shopping day.   It’s routinely the biggest shopping day, the busiest shopping day of the year with many stores opening up extremely early in the morning.

This year, Target exporting goods and Best Buy just to name a few have all announced they’ll be opening their doors at midnight.  No big shock there. But you know what?  Wal-Mart has them all beat the share, as they’ll be opening their doors at 10PM on Thanksgiving Day.

People will flock to stores to stand in line for hours and literally go to war with their brethren to save $20 here, $40 there.  And I’m speaking figuratively by war by the way.  But you know what?  Back in 2008, a Wal-Mart employee was trampled to death when shoppers busted down the doors.  On that same day on the opposite coast, two women engaged in a bloody brawl at Toys R’ Us of which inspired their male companions to pull out their hand guns and shoot each other to death.

You know, there are multiple Black Friday stories of people being trampled over to save $100 on a laptop, 40% off of a DVD player, or even to pay full price for a Cabbage Patch Kids.  I mean do they still have Cabbage Patch Kids?  I don’t know.

I might be showing my age with that one but I’m thinking you’re getting the picture.  But when I used the war analogy, it’s not really too far from the truth.  Right? I mean, people have been injured and have died on Black Friday because of the Black Friday mayhem.  The mob mentality.

Anyway, today is not an episode on Black Friday etiquette but rather an episode to discuss your most valuable asset.  Time.  Your time.  Let me ask you.  Is it worth standing in line for hours to save 25% on a Sony Playstation?  I’m not sure actually what is the bigger waste of time.  Is it standing in line?  Or is it the countless hours people spend playing the video game?

You know the NPD group they are market research firm.  They conducted a survey in 2010 and what that survey revealed was that kids between the age of two and 18 spend an average 13 hours a week playing video games.

The average American child will rack up 10,000 hours of game time by the age of 21.  That’s over an entire year.  An entire year 24 hours a day and an entire year spent during their adolescent years playing video games.

This disregard for time starts early but it doesn’t stop at age 21.  You know?  Per The Department of Labor Statistics, the average adult spends 2.7 hours a day watching TV.  Now I’ve seen some other studies that of sided up to 3 ½ and 4 hours.  Just let’s just stick with the conservative number, let’s stick with 2.7 hours a day watching TV, that’s over 50% of their leisure time.  Over 50%.

That equates to almost 38 full days a year.  Over a month, each year is spent in front of the TV.  That’s almost 7 years of one’s lifetime will be spent in front of the TV.  Now when I read this, I was like, “oh God, I’m glad it’s not me.”

But I started to think, 2.7 hours a day; I mean that’s one episode of the X-Factor, which I’m a big fan of.  I watched that every single week. I watched the Sing-Off every single week.  So there’s 2 hours on two different days.  You know, when I watch a little bit of news.  I watch a little bit of ESPN during the day.

That number 7 years of one’s lifetime is terrifying.  I was like, initially, I was like not me.  I wouldn’t do that but it’s really easy to rack up 2.7 hours a day of watching TV.  Isn’t it?

I mean it’s 1 ½ shows these days.  You know, I remember Chick Fillet first came to Los Angeles. At least 1000 people, at least a thousand people stood in line for hours to hopefully be one of the first 100 people who would get a free chicken dinner.

I mean you hear these types of stories all the time.  Don’t you?  Every time I hear one, my thought is what is wrong with these people?  These people place no value on their time.  As I mentioned with the TV example, I mean I’m someone who talks about this.  As conscious of it but can unknowingly get caught up spending time unwisely.

I mean do you know anyone who would stay in line for hours for a free chicken dinner?  Perhaps you’ve been guilty of this?  Maybe, maybe not.  You don’t have to admit it.  You see it really doesn’t matter though if the chicken is free. What’s your time worth?

Certainly, it’s worth more than standing in line for a couple of hours to get a $10-chicken dinner.  Isn’t it? I mean if you stood in line for 2 hours for the 10-dollar chicken dinner, to you your time was worth $5 per hour.  Really?  Would you stand in line if you had only 24 hours to live?  Would you stood in line for those two hours if you only have 24 hours to live?

How about a week to live?  If you had a whole week to live, if you had a whole week to live, would you stood in line for two hours for that chicken dinner?  What if the doctor gave you a month?  You have a whole month to live.  The rest of your life would consist in the next 30 days.  Would you stood in line for that chicken dinner?  How about a few years?

I mean at what point of mortality would you decide that standing in line for free chicken dinner would not be a good use of your time?  You know, it maybe for you.  It’s not the chicken dinner you stand in line for.  Maybe you don’t even like chicken but is there something else that you could insert that was equally a waste of time?

Maybe standing in line for a shoe sale or concert tickets.  How about the latest Apple product?  Did you stand in line for the iPhone 4s?  Or maybe you have stood in line for that chicken dinner.

Here’s the truth or the deep fried, greasy truth.  If you value your time poorly, you will be poor.  I mean it’s obvious with the amount of time people would wait in line to save on a 20% on a flat screen TV.  Or those that would drive to the opposite side of town or maybe in the next town over because they have a 10-dollar coupon.

I mean have you watched that TV show “Extreme Couponing?”  The amount of time spent to gather those coupons is considerable.  Sure.  You might be able to get a free $300 basket of groceries every other month or so because of the coupon work that you’ve done but how much time was spent to save that $300?

I mean the amount of newspapers to read, the amount of junk mail to sift through, the time spent browsing the Internet for bargains.  Then there’s the time to actually go out and redeem the coupons reading each one very carefully being sure to get the exact product to which the coupon applies.

I almost get tired just thinking about it.  Then as I mentioned earlier, the amount of time watching reality TV, your playing Farmville, or Angry Birds.  I’ve been guilty of that one, by the way.

But it was just for a couple of weeks.  I’m over it now. Mostly.  Or booking a plane ticket online with multiple lay over’s to save $100. I mean there’s evidence everywhere that the majority of people mindlessly squander their most valuable asset, their time.

If you do what the majority does, you’re going to get what the majority has got.  The life of the majority got is a life of mediocrity at best.  Time is your most valuable asset.  Contrary to popular belief, it’s not money.

Money is abundant.  It’s everywhere.  There are 3 trillion dollars in circulation right now.  It can be made anytime that you set your mind to it.  Your time, however, is not abundant.  It’s fixed.  You’ve got what you’ve got. It cannot be made or created.  Regardless of how much you do set your mind to it, you got what you got so you have the choice.  You have the decision.  What are you going to do with that time?  What are you going to do with that?

You see there are 2 types of time.  There is indentured time.  That’s the time we spent paying for our existence or our lifestyle.  Then there is free time.  The discretionary time when we spend time as we please.  Most go through life without this distinction and merely they just accept the 5 days of week of indentured time, Monday to Friday in exchange for 2 days, Saturday and Sunday for free time.

It’s just accepted.  They don’t even think about it.  They just do what they do.  They get what they get.  I mean what will life be like for you if you could just swap out one of those indentured days for just one free day?  I think for most people that would probably lead to an incredibly enhanced quality of life.

I mean just one more free day per week, what would you do?  Who would you do it with?  I mean this is really the essence of our last two episodes.  If you missed them, I highly recommend that you go back and check them out.  This is the essence of those two episodes.  You have to two choices with regard to how you spend your indentured time.

You can either exchange your time for dollars or you can exchange your time for creating something that earns your dollars for you with the ultimate goals of transforming the ratio of indentured time to free time to more in the favor of our free time.

Anyway, we discussed that in great detail in our last two episodes. I’m not going to get into it again right now but we will discuss again because we got to hear things multiple times, multiple times where I won’t discuss it now.  Okay?

But if you want to catch up on that, go back and check the last two episodes.  Now let’s get back to that statistics.  The average American will spend almost 7 years of their life in front of the TV.  I mean how do you feel when you hear that?

Are you starting to actually run through your head how much TV do you actually watch per day?  Maybe you spend a little less.  It’s only going to amount to say, 5 or 6 years, or maybe you spend a little bit more that’s going to amount to 8,9 years.

Either way, it’s measured in years.  Years of your life.  Now I’m drawing your attention to this because there are typically 3 excuses people have when they declare they want something.  When they want something that they don’t have, I mean in most cases, it’s a new job or it’s a new relationship or it’s a new opportunity or it’s a new body.  Whatever it maybe.

The top 3 excuses are “I don’t know how” or “I don’t have the money” or “I don’t have the time.” Today we’re dressing the “I don’t have the time” excuse.  I mean have you ever used that excuse?  I don’t have the time.  That’s a silly question.  Right?  We all have.  Of course.

Here’s the thing.  We all have the same amount of time in the day.  Don’t we?  I mean we all get to spend our 24 hours every single day in any way that we want.  We do have that choice.

We can decide how to spend that time.  We have control over that.  Now I’ve said this before, there is very little in life that we have to do.  If you find yourself somewhere right now, which you are obligated to be or you have responsibilities that need your frequent and consistent attention, it’s only because you chose them.

At some point, you made that decision.  Or maybe it was a series of decision that created your current reality.  It’s just own them.  Nothing’s wrong with you.  We’ve all done it.  Own your decisions.  It’s no big deal.  Don’t make a big deal out of them.  Just take responsibility for the decisions that you’ve made.  Understand that those decisions have created your present.

I mean maybe that’s good news to you or maybe it’s bad news.  What I mean by that is you can feel sorry for yourself.  You can make yourself feel wrong or feel you’re not good enough for the decision that you made.  You can beat yourself up.  Or you can recognize the amazing power that you have as a human being.  The amazing power that you have, you can simply choose to make new decisions right now of which will create a better tomorrow.

I mean if you are unhappy in your current situation, just know that it’s not a death sentence.  This too shall pass.  The best is yet to come.  Right?  But how?  Make sense? I’ve heard it before but how?

Well, if you want your life to change, you must change your life.  Specifically, what we’re talking about today is change what you do with your time.  Maybe you can make a big change and do a complete 180 in an instant.  Maybe you can do that right now.

Or maybe because of the past decisions that you’ve made, you might have to make that change gradually.  You might not be able to do it instantly but you can still make the change.  Either way.  You can change what you do with your time.  You can do that.

If you still struggle with “I don’t have the time,” it’s merely because finding the time or swapping the time with another activity such as TV or video games is just not important to you yet.

You might think it’s important to change in your life but if you haven’t done it yet.  It’s not as important as you think.  So if you fall into this category, there’s something in your life that you would like to change but you just haven’t done it yet.  Let me see if I can help.

I’m going to take you through an exercise.  Maybe it will be help or maybe it won’t.  But you know what?  If it would be help and it would create a dramatic change in your life, wouldn’t it be worth to at least give it a shot?

I don’t know.  Here we go, though.  Okay?  I’m going to see if I can help you with this.  First, think of the one thing or maybe more but identify just one thing your life that you would like to change.  Get it clear in your mind of what that one thing is.  I mean maybe it’s your job.  Maybe it’s your living situation.  Maybe it’s your weight.  Maybe it’s relationship.  Maybe it’s a bad habit or a specific vice of which you tend to overindulge.

Whatever it is for you.  Get it clear in your mind.  Decide what it is that you want to change.  If you’re in a position too, close your eyes even.  Go ahead.  Close you eyes.  I mean, if you’re driving or jogging or you’re riding your bike or you’re on the treadmill, don’t close your eyes.  Okay?

I don’t want you to get hurt but maybe pull over or take a seat for a moment so you can close your eyes.  Do this exercise.  Hey, this is your life.  You can take your life as seriously as you want. I would recommend taking it very seriously if there are things in your life that you want to change.

Okay?  So if you just can’t close your eyes, no problem.  Maybe you can come back to the exercise or maybe you can play along and it might be effective with your eyes open.  But if you can close your eyes.  Good.  Do it.

Now, get a clear picture of your mind of that one thing that you want to change.  Envision it.  I mean really visualize it.  See it.  See it in vivid color and vivid detail.  Now I want you to picture, I want you to picture what your life will be like in 6 months if you don’t change.

What is your life going to look like in 6 months if you don’t change?  What will it have grown into in 6 months?  What will it have caused in your life in 6 months?  Who will it have affected in 6 months from now?  What is the impact it will have on those around you?  What will it cause you if you don’t change?

Answer these questions to yourself.  What will it cause if you don’t change?  What will you lose out on?  How will that make you feel?  How will it make those around you feel?

In effect, how will that make you feel again?  You got it? I mean can you see it?  Can you feel it?  How will it make you feel?  How will it make those around you feel?

Because you don’t change it, it makes those others feel that way, how will that make you feel?  Okay.

Now what will your life look like in a year if you don’t change?  What will that one thing have grown into after an entire year of not changing it?  What will it have caused you if two years pass by and you’ve yet to change it?

Who would it then have affected?  How will it have affected them? What will it cause you after years if you don’t change it?  What will you lose on if after 4 years you don’t change it?

After 5 years, you have failed to take action and change this one thing.  What will it have caused you?  What will you have lost out on?  If this one thing is really important and worth changing, you should be feeling pretty low right now.

You might be even in a very dark place right now.  There might be a pit in your stomach.  You might be even weepy right now.  You might be even crying.  That’s okay.  You know why?  Here’s why it’s okay.

Because 5 years, they have not passed yet.  It’s not too late.  You do have a chance to do something about it right now.  To do something right now before it gets to that point.  But keep in mind those 5 years will pass.

They will pass.  A question for you is where do you want to be when they do?  Who do you want to be when they do?  What do you want to be doing when they do?  Who do you want to be doing with when they do?

What do you want to have when they do?  You see, today you are a culmination of all the decisions that you’ve made in your life up to this point.  You are the culmination of all the decisions of how you chose to spend your time.

In 5 years, you will be a culmination of all of the decisions that you made of how to spend your time from day forward.  That’s a fact.  That fact can terrify you or it can excite you.

I like the excitement option. I’m going to choose that one.  I’m going to recommend that you choose it too.  The excitement option because you do have a choice.  That choice is power.  It’s the power you have over your life.

You can wheel it with great authority, with great force, and with great intention.  You can do super, super good with it.  You can do good for yourself and good for those around you but it all starts with a choice.

I understand this might be something very big in your life.  You might be shaking and trembling because you just recognize how much power you actually do have over it.  Now you got to take action.  Or it might be a minor inconvenience that has been nagging you for a while.  Regardless of its size, though, the steps to change it are the exact same.

It takes nothing additional to change something big as it does something small.  I mean that’s great news.  Isn’t it?  So here are the steps.  If you’ve decided that enough is enough.  Right now is the time to change that one thing, just start with that one thing.  You’ve decided that right now is the time to change it.

Because you don’t want to experience what life will be like in 6 months if you don’t, let alone the 5 years just the 6 months.  Let’s nip it in the bud.  Okay?  First, you need a plan.  Go ahead and plan the change.  Plan the action steps.  It might be first. I’m going to call so and so.  Second, I’m going to tell so and so.  Third, I’m going to go over there. Fourth, I’m going to do this.  Fifth, I’m going to go do that.

Just lay the plan out.  Lay it out there.  Lay it out step by step for yourself.  Plan the work.  Now, the next thing you’re going to do is work the plan.  Take your eyes off the entire plan.  Just focus on the first step.  Focus on step one.  Do it.  I mean don’t even look up until it’s done.  Don’t even think about step two until step one is done.

Once step one is done, then you can move to step two.  Break it down into simple, small steps.  Inch by inch, it’s a synch.  Yard by yard, it’s hard.  Take baby steps.  Move an inch at a time.  Just focus on one step at a time.  If you hit a roadblock or you fail, make a note of it.  Take the road block.  Take that failure as feedback.  That’s all that is.

It’s feedback.  Then factor in the feedback into your plan.  Modify the plan.  Resume to work the plan.  If it’s going to be, if you want your life to change, you must change your life.

No one is going to do it for you.  I mean, you can resume business as usual and leave the future to chance or you can make a decision today that today you want your life to change.  Then decide to change your life.  Know until you take action, you haven’t actually made a decision.  If you want your life to change, you have to change your life.

That’s it for today.  God loves and so do I.  With him, all things are possible.

I am Matt, the Do Over guy.  I will see you on the next episode of your Do Over.

Announcer:  Thank you for tuning in to Your Do Over, where the ignored, underestimated, and unknown steps to producing results and making life work are revealed. And remember, knowledge is potential power. Take action on what you learned today. This is not your learn over. It’s Your Do Over.

To view the resources referenced in today’s show and to retrieve a complete show transcript, visit www.TheDoOverGuy.com. Stay connected with Matt, the Do Over Guy, Theriault on Twitter at TheDoOverGuy and on Facebook at www.facebook.com/dooverguru.