Being Aware Of The Exchange Rate

azure window 2AToday I wanted to share a video. Previously I was going to write out a post, but I think this feature does a nice job of summing up what I was going to say. It’s not perfect – if it’s not in your own words, it’s never going to be exactly what you would have said – but I think the gist is on par.

If you didn’t check out that video, I’m happy to provide a quick synopsis. Effectively it’s about “being aware of the exchange rate.” That is, time is a finite resource so it’s important to make sure you’re doing things that you enjoy or at least are on that path. It sounds simple enough, and really it is, but it’s also an aspect that is easily overlooked when you get caught up in a routine.

And if you’re not doing things that you enjoy – in whatever form that may be – the idea is to be working towards it. If you’re in a job that you dislike, for instance, the idea is to recognize that you’re exchanging your time now for something else. The trap that you’d like to avoid is giving up something now and keeping yourself there indefinitely (by outspending income, not working toward your ambitions, etc.). In this scenario the exchange rate is never going to be worth it, because it’s all exchange and no end result.

Incidentally, this applies nicely to my life at present. For a good part of this year, and especially recently, I have been exchanging my time to write. Naturally I like to write, but too much of it or particularly when it’s “required” or commoditized – writing something just to write something without being inspired to do so – isn’t as much fun.

My exchange thus far has been my time.

Since my last update on this website I have written 48 articles on Seeking Alpha. For the first three and a half months of the year I’ve put out 114 articles there. That used to be a good year. Additionally, I also hit 600 total articles on that website.

For my premium service I’ve completed 21 articles since the last update, 41 so far this year, and I’m closing in on 100 total.

Additionally, I was contacted to write for another website – Sure Dividend.

Here’s are the links to those articles that I have been producing:

Boost Your Dividend Income With Covered Calls: The Step-By-Step Guide

Cash-Secured Puts: The Step-By-Step Guide

An Introduction To Preferred Shares

How To Know When You Can Retire With Dividend Investing

JPMorgan Is A Compelling Long-Term Investment

Kohl’s: Will This 2nd Tier Business Generate 1st Tier Returns?

8 Potential Bargain Dividend Stocks Down 15%+ Over The Last Year

They are a bit longer than my typical article, but I think there’s a lot of good content there.

So since the last update (about 6 weeks ago), I’ve put out 76 “works.” That’s roughly two and a half pieces each work day. If you wanted to think about it as a research paper, it’s the equivalent of putting out a 16-page, double-spaced paper every work day. Or a 10-page, doubled-spaced paper every single day this year.

I remember classmates that used to complain about having a 5-page paper due two Thursdays from now. I’ve been averaging that before lunch each day. Sort of puts that in context for me now.

Anyway, that has been the exchange. I’ve used a good deal of my time to put out all these things.

Now we get to the result. Without this part, the exchange isn’t really worth it. I mean it’s nice to write, and I’ll continue to do so, but I think of a lot of the creativity and enjoyment is lost when you’re forced to come up with something every day. Writing, at least for me, tends to come in spurts and not predefined times.

So the result is that I’ll be taking a bit of a sabbatical. An adventure. I’ll still keep a similar pace for my premium service, but otherwise my other writing areas will be on the back burner for a decent amount of time. I’m being cognizant of the exchange rate, and I’m excited for today’s exchange. I can see my past efforts turn into future benefits before my eyes. And I encourage you to do the same. In all areas of your life, simply be aware of the exchange rate.

 

 

 

One thought on “Being Aware Of The Exchange Rate

  • April 26, 2016 at 4:25 pm
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    Nice video to think about the work and activities we do… It is not that I wasted my 20s and 30s… There have been great times so far. I just realise now that there are other things in life I value more now

    Reply

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