How many of you spend way to much time on Facebook?
…Shopping in the app store? Oh, maybe that's just me?
Yes!!! Okay, okay, I’m guilty.
Of the seven I settled on testing, four were free and the other three didn’t cost more than $5.00 a piece. As I started to do that math in my head I realized I would easily spend more than $15 on notebooks and planners throughout the year and that I would only spend this $15 once.
About three hours into this exercise — yes THREE hours — I realized I was wasting. My. Time. I had spent hours (litterally hours) looking for the perfect app.
Then it occurred to me, I could buy all three. Test them. Throw away the ones I didn't like. And if I changed my mind I can go back and get them later. I was wasting my time on a $10 activity.
A couple executives I consult for introduced me to the “$100 bill” concept. That is, as you exert time or — even as importantly — energy to different activities think about how much the time you are spending is worth. In this instance I had given a lot of my time and energy to something that was worth $15 to me (literally and figuratively). I probably could have spent 15 minutes on that activity and been just fine.
On the flip side, I could have spent that time and energy on something that was worth more to me and my future, my truth: something like completing my website – a $90 bill, or giving my daughter some lovin’ – a $100 bill.
Of course it’s relative. When I’m up against a deadline or a project, the website might be a $100 bill; however, it gives you a filter question to raise to yourself when you are sucked into Facebook, on Twitter, in a battle with someone about something, etc., etc.
When those things come up — ask yourself:
Is this a $100 bill?
I’d love to know how the $100 bill concept works for you – let me know in the comments and share the love if you have a friend or associate that might like it too!