Time is money.
Over my lifetime, I’ve heard that phrase countless times. As a teacher in the field of economics, I certainly tried to help student learners see the power of time in their investments and savings.
To oversimplify things, you can approach monetary saving and investing from one of two approaches. As you get your paycheck:
- you can instantly commit a certain dollar amount or percentage to savings and investments, before you ever spend a dime on any other living expenses; or
- you can spend, spend, spend and wait until the end of the month to see how much you have left over for savings and investments.
Which approach do you think actually ends up with more deposits in the bank?
So, if time is (like) money, then how are you investing your time as a school leader?
Do you earmark certain amounts or percentages of time to the big investments you want to make for the long-term development of your school? And do you instantly “pay your calendar” those savings and investments, so that you know time will be devoted to those all-too-important accounts?
Or do you spend your time on all of the things that happen to come your way, only to realize at the end of a week or month that you don’t have a lot (of time) left for the critical investments for the future of your school?
A Case Study of Time Investment: Me
For about five years, I’ve disciplined myself to create what I call a “scheduling paradigm.” It’s one way that I take my monthly time paycheck and make my saving-and-investment commitments first. In past years, I’ve written about this under titles such as “Big Rocks First.”
This year, much of my first semester at Mount Vernon was devoted to an advanced ethnography plan. (That needs to be an entire other set of leadership-practice posts!) Now that I’m shifting into another phase of my work, I used a number of insights from the observations and engagements first semester to build a prototype of my second semester scheduling paradigm.
As part of the prototype testing, I sent the following email to about ten colleagues for feedback:
I’d really appreciate some feedback, coaching and advice from you all. I hope it will take 10 minutes or less.
I’ve attached version one of my scheduling paradigm, and I would so appreciate your eye on it. It reflects some of what I learned S1, as well as what I anticipate in S2.
- What regularly scheduled happenings in your division/department do you want/need me a part of?
- If you were me, how would you spend your time – what would you focus on and prioritize?
- What do you expect from me – from your CLIO – that I might not yet be delivering on? What do you want me to keep/continue doing?
Creating a paradigm like this is a relatively long-standing practice of mine. (You can read about it here, if you are interested.) By no means does this rigidly lock me into a predetermined schedule. Rather it helps me make sure that I intentionally create space for importance. The current schedule does not reflect the impromptu talks, the project work like ATLK12DC, MVIFI & fuse14, iDiploma, etc. that we know will be a part of S2.
Thank you! I want to ensure I am serving you and the school best!
Part of my decision to seek feedback was influenced by a recent leadership podcast from Andy Stanley (hat tip to Shelley Clifford). The November and December episodes focused on “The Art of Inviting Feedback,” and Stanley’s suggestion to ask, “If you were me, what would you do?” seemed a perfect combination with my developing habit of creating a scheduling paradigm.
Well, the feedback has been amazing. Seven of the ten colleagues have provided me with very specific information about what to continue, what to add or change, and what I might drop. Earlier this week, I met with two of my co-leaders who had also created similar scheduling paradigms for themselves, and we were able to trade notes and exchange ideas about what we saw and how our time investments might synergize and complement each other’s plans.
Now, it’s time to ship the idea – something akin to an MVP (minimum viable product) – and learn from the actual commitment to the time investments.
As a school and education leader that looks for wisdom in the practice of other school and education leaders – and leaders from multiple industries, sectors, and walks of life – I thought I would share my own practice here. If any of you find even a smidgen of wisdom in the idea, then I hope you’ll make it your own and make it better. I don’t much care for the verb we often use in educational leadership – “steal.” We often hear educators say, “Oh, I like that. May I steal that idea?” Well, I offer this one freely. And I hope you’ll let me know if you have a practice that works for you in terms of devoting intentional time to the investments that matter most in our schools.
As for me, I’ve learned that time can get away from us as school leaders. So, I set aside a portion of my time paycheck at the beginning to ensure that my long-term accounts are deposited with savings and investments first.
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My enrichment students and I were discussing the invaluable nature of time – how we only have a finite number of hours to live and how difficult it is to sometimes recognize in the moment whether we are using those hours to pursue our purpose.
One of the students replied, “Yes, you only have so many jellybeans.” When I asked what that means, he forwarded me this 2 minute movie: http://www.youtube.com/watch?v=BOksW_NabEk
Wow! Thanks to the enrichment students for making a significant dent in my thinking and time-planning strategy. I love the Jelly Beans video! #Brilliant
I LOVE this, Bo! I love the modeling of seeking and utilizing feedback you offered. I love the analogy of time and money and savings. I love your constant search to better yourself by serving others. And I agree that steal is not a good word here. I always have said that we’re not stealing an idea, but we are honoring the idea and person offering it by using it as well. So, I honor you and your idea and will certainly utilize it myself!
Thanks, Angél. I so appreciate the feedback and calibration from respected colleagues and professionals!