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	<title>Pressing Towards the Goal (Phil 3:14) &#187; time management</title>
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		<title>The Only Commodity that Matters</title>
		<link>http://blog.wonghongting.com/2009/01/16/the-only-commodity-that-matters/</link>
		<comments>http://blog.wonghongting.com/2009/01/16/the-only-commodity-that-matters/#comments</comments>
		<pubDate>Fri, 16 Jan 2009 10:58:02 +0000</pubDate>
		<dc:creator>HT</dc:creator>
				<category><![CDATA[CS3216]]></category>
		<category><![CDATA[Development]]></category>
		<category><![CDATA[lectures]]></category>
		<category><![CDATA[randy pausch]]></category>
		<category><![CDATA[time management]]></category>

		<guid isPermaLink="false">http://blog.wonghongting.com/?p=94</guid>
		<description><![CDATA[While writing the previous entry about Lessons Learnt from the Last Lecture, it hit me that the &#8220;real&#8221; last lecture was really relevant to the CS3216 class. To quote the notes, &#8220;Sure to have a lot of problems. &#8221;, and to quote the teaching assistants, &#8220;the workload is really heavy&#8221;. However, doesn&#8217;t that just boil down [...]]]></description>
			<content:encoded><![CDATA[<p><!--:en-->While writing the previous entry about Lessons Learnt from the Last Lecture, it hit me that <a href="http://www.youtube.com/watch?v=oTugjssqOT0" onclick="javascript:pageTracker._trackPageview('/outbound/article/www.youtube.com');" target="_blank">the &#8220;real&#8221; last lecture</a> was really relevant to the CS3216 class. To quote the notes, &#8220;<span>Sure to have a lot of problems. <img src='http://blog.wonghongting.com/wp-includes/images/smilies/icon_smile.gif' alt=':-)' class='wp-smiley' /> &#8221;, and to quote the teaching assistants, &#8220;the workload is really heavy&#8221;. However, doesn&#8217;t that just boil down to effective time management?</span></p>
<p>While I love Randy and the way he delivers his lectures, this particular one is not as spectacular, so instead, I have compiled a shortlist of the key lessons for those who do not have the time to watch the lecture.</p>
<p><em>1. Time = Money therefore:</em><br />
   a. Get more things done within the same amount of time<br />
   b. Exchange money for time &#8211; Outsource everything unimportant<br />
   c. Cut time wasters: &#8211; You are wasting money!<br />
       i. Kill Television<br />
       ii. Make up a fake class to force yourself to do some work during free period<br />
       iii. Cut short phone calls by standing up<br />
       iv. Hang up on yourself to cut off telemarketers</p>
<p><em>2. Do the RIGHT things &gt; Doing THINGS right<br />
</em>   a. What will happen if I don’t do it?<br />
   b. List down items using <a href="http://en.wikipedia.org/wiki/First_Things_First_(book)" onclick="javascript:pageTracker._trackPageview('/outbound/article/en.wikipedia.org');" target="_blank">Covey&#8217;s Four-Quadrant Todo List</a><br />
   c. Efficiency vs Effectiveness &#8211; *insert story here*</p>
<p><em>3. Plan &amp; Analyze<br />
</em>   a. You can only CHANGE a plan when THERE IS A PLAN<br />
   b. Analyze Time Journals and discover more time waster</p>
<p><em>4. Delegate Effectively<br />
</em>   a. Delegate until people complain, but do the ugliest thing yourself<br />
   b. Delegation means empowering with authority, not hiring robots<br />
   c. Don&#8217;t clear the mess for your subordinates. Teach them to grow<br />
   d. Be specific in delegation, right up to the EXACT time of completion</p>
<p><em>5. Eliminate Procrastination<br />
</em>   a. Find out what is the psychological barrier from doing the task<br />
   b. Cut the task into little pieces and do the ugliest first<br />
   c. Doing things at the last minute is really expensive. Do it JUST before the last minute.<br />
   d. Make a fake deadline for things that don’t have them so that when push comes to shove it is less stressful</p>
<p>Overall, Randy has, through the lecture, represented the importance of LIVING instead of counting the seconds till we die. I too love how he demonstrated the importance of contributing back to the communities that have benefitted him (University of Virginia in this case), told the audience to honor promises even when people don’t expect you to, and most of all, re-emphasized how staying healthy and being close to the ones that matter to us, is the real way to spend the only commodity that matters. Time.<!--:--><!--:zh-->
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