Money versus quality time, the key to managing stress, and more top insights
Hello there! David Gelles here as your guest editor today. I’m the Corner Office columnist for The New York Times, and am in regular dialogue with CEOs about what’s happening in the world of work. This Saturday edition of the Daily Rundown features some tips on working smarter, facing adversity and questioning authority. Read on and join the conversation.
What’s money worth if you don’t have time to enjoy it? Most of us spend much of our time working, believing that it will make us money and that money will make us happy in the long run. But we’ve got it all wrong, argues Harvard Business School professor Ashley Whillans. Research consistently shows that the happiest people use their money to buy time. “People who are willing to give up money to gain more free time — by, say, working fewer hours or paying to outsource disliked tasks — experience more fulfilling social relationships, more satisfying careers, and more joy, and overall, live happier lives,” Whillans writes. ? Here’s what people are saying.
The key to managing stress? Separating reactions from responses: Long hours, looming deadlines and challenging colleagues can conspire to make our time at the office a regular source of stress. In an article for Mindful.org, Tara Healey of Harvard Pilgrim Health Care offers suggestions on how to use mindfulness to become happier, more productive and less likely to become upset. Among her suggestions: Learn to respond, rather than react. “By decoupling what’s happening from your reaction to what’s happening, odds are you will prevent yourself from simply being carried along by the experience and instead will prove yourself capable of getting ahead of it,” she writes. ? Here’s what people are saying.
You Asked: “What are several healthy ways to cope with a job you hate?” — Aaron Mays, freelance publicist, writer, communications consultant
- “If you hate your job, it’s important to do something every day to relieve the feeling that you’re stuck in a never-ending slog. One possibility is periodically taking a break to immerse yourself in another world. When I had a frustrating job years ago, I’d bring a book with me to work every day and read for a half-hour during my lunch break. It was a way I could escape from the pressures of the day and steel myself for the afternoon. Another alternative is using your time — either during lunch or after work — to build your skills. If you’re taking action to improve yourself (for instance, by taking online courses), it’s easier to recognize that your current job is only a temporary situation that you’ll soon be moving past. Finally, you can use your off-hours to network strategically. Employing any and all of these strategies can help you take your mind off your present circumstances and give you momentum as you position yourself for your next career move.” — Dorie Clark, author of “Entrepreneurial You”
- Or, as New York Times styles editor Choire Sicha wrote in response to a disenchanted reader in a recent Work Friend column, “You should be looking for a new job. Opportunity is the only leverage that nonunionized labor has in a negotiation.”
Looking for career advice from the pros? Submit your questions in the comments with #YouAsked and we’ll take care of the rest.
Focus is a muscle, and it needs to be trained: Honing your ability to root out distractions is not just a matter of changing your habits, Georgetown University’s Cal Newport tells Bloomberg. Instead, it’s a skill that requires dedicated practice. How do you get started? Newport recommends a technique he calls “productive meditation,” which involves taking a walk and committing to focus on a single problem. Whenever your mind wanders, you gently bring your attention back to the task. “I think of productive meditation like pull-ups: It’s really hard at first, but it gives you really big results,” says Newport. ? Here’s what people are saying.
For married business partners, it’s all about staying in your lane: In the most recent Corner Office column, I chatted with Julia Hartz, the founder of Eventbrite. Julia took a big risk early in her career, co-founding a tech startup with her fiance at the time. They knew it would be tricky, but they devised a system to ensure they were never stepping on each others’ toes. “Divide and conquer,” Julia told me. “We just never worked on the same area of the business at the same time. If you’re working on the same spreadsheet, you’re going to be fighting over the mouse.” ? Here’s what people are saying.
One last idea: Plenty of companies claim that they are doing their part to make the world a better place. But at big corporations, the right hand is often working against the left, author Anand Giridharadas recently explained at the BSR conference in New York. Instead of focusing on corporate social responsibility initiatives, Giridharadas suggests employees should gain a full understanding of their employer’s lobbying activities and demand accountability.
“In many many cases, there is someone in Washington, with maybe a nicer suit than yours, undermining everything you may be doing every day…. The best thing that the winners of our age can do is step out of the way, stop doing harm and stop lobbying against the very things you're doing by daylight.”
What's your take? Join the conversations on today's stories in the comments.
Enjoying Mowing and Gardening in Freo & Cottesloe!
5 年Very nice article David.? I think it's also important to work out a income that give you a comfortable life rather than chasing more all the time. I mean by comfortable life, not a life full of toys and splurge, what I mean is a life where you have time to be with people you love. This does not have to be attached to a high income. For my wife and I, we worked out that $75k for both of us per year is plenty enough for all our expenses, and to cover our entertainment.? So it's a question of choosing what you want!?
Facilitator for visionary leaders at concepts4change
5 年As a consultant of 27 years today I am still amazed how little value people put on their time. It’s the one thing people can’t give you. And it’s the one resource that is minimising by the second how much time you have left on the plant to make a difference. Recently, I turned down an opportunity because the time value proposition was rubbish. It would mean me agreeing to 3 contact hours to deliver survey results. Travelling for 8hrs and taking 3 days out to do the facilitation for 12 people. The company couldn’t believe that they couldn’t make this a viable scenario no matter how much money they threw at me.
Senior Building Surveyor at City of Parramatta, Australia
5 年Working whole life to gain wealth and than spending it to gain back the health is not very wise. Having a break only at retirement is not wise either. Who knows what surprises await us at destination, better enjoy the journey as well. Now kids are with us, health is good , enjoy the the present moment. Working remotely is the new trend in many professions, while other companies providing facilities and schedules to suite the needs. Happier and healthier work force is more productive.
Principal Owner at BushBasking
5 年Great article with some big questions in it, which we all can answer only for ourselves. On a recent trip to Europe visiting The Netherlands, Belgium, Luxembourg, Germany and Switzerland I discussed this very issue with a number of people from various backgrounds and professions. I believe this all has to do with what gives us the “sparkle in the eye”, when discussing our life work balance. One person, a commercial airline pilot for more than 30 years makes big hours away from home. Through his work he is able to appreciate the wide open space of the air, adores the amazing sunrises he get to absorb and loves the camaraderie between personnel both on the ground and in the air. These items give him a sparkle in the eye when he talks about them. However..... there is always one of these..... there is no sparkle when he is alone in his room thinking of wife and family, no sparkle when calculating the fuel load depending on the distance, customers and cargo, no spark when conducting the pre op check. So one tool to use to find a balance between spending time doing what you love (both at work AND socially) and earning the dollars to be able to enjoy your time, is to search for what gives you the sparkle. Best to do this with someone els
Consultant
5 年Touches on some great points. Stress and time are manageable, ultimately you can make choices to balance both. I'm thankful I realised family and spending time with my young kids is the most valuable investment I can make. It's been challenging but clear goals allow us to stay on track to make the right choices. Having balance makes me more productive when I work, especially now days as work follows you round the clock, which requires discipline to manage without being overwhelmed.