The bad news is time flies. The good news is you’re the pilot.
Do you have the control over your time and effort that you desire?
As a healthcare professional, the answer is overwhelmingly no. According to a recent survey, physicians spend nearly 45% outside
of the exam room dealing with documentation and other administrative tasks. Furthermore, a survey of physician weekly workloads, when analyzed in aggregate, revealed that the risk of burnout increased by 3% per hour worked above a base workload of 40 hours per week. Physician working more than 70 hours per week and nearly 2x a likely to experience burn out than those working 40 hours per week. The average physician’s work week is broken down here.
Being dual boarded myself (and uninformed of this risk), a routine week for me regularly included moonlighting nights, weekends, and holidays in the emergency department on top of the 40 hours that I would put in at during the week at my “day job”. Remarkably, what I remember most vividly was my drive to and from work past the city park. While I was either mentally preparing for or decompressing from caring for patients, the sight of people exercising and enjoying the outdoors always had the same effect. After slowing down slightly to prolong the experience, my first thought would be a promise that one day I’d be one of those persons controlling their schedule and enjoying my free time. …..Actually, if I’m completely honest, my first thought was, “What the heck am I doing wrong? I don’t always want to be the person driving into work.
How was I able to retake control of my time and career to make time for personal interests? Cash flow diversification from investing in multifamily real estate provided income security so that I could control my time. In my case, my hours in the clinic setting have decreased by over 30% from its peak of over 60 hours a week without a decrease in income. Now that I am in control of my time, I’m able to spend more of my time in the park wondering what kind of workplace the drivers of the passing cars are heading to.
It’s how we spend our time here and now, that really matters. If you are fed up with the way you have come to interact with time, change it.
The key is in not spending time, but in investing it.
Stephen R. Covey
Principal, Shift Change Capital