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PETER S. MOSKOWITZ, M.D.
EXECUTIVE DIRECTOR
CENTER FOR PROFESSIONAL & PERSONAL RENEWAL
PALO ALTO, CA
FOUNDATION FOR MEDICAL EXCELLENCE
October 6, 2012
Maximizing
Your Vital Resources:
Values-Based
Time & Money Management
Maximizing Your Vital Resources
Learning Objectives
At the conclusion of this workshop physicians will:
1. Clarify your personal values surrounding your allocation
of time.
2. Create a personal time allocation plan.
3. Clarify your personal values surrounding your allocation
of money.
4. Create a personal wealth management plan.
The Ground Rules
• Stay focused; leave with a Plan.
• Honor each person’s story.
• Speak only for yourself.
• Maintain total confidentiality.
• What goes on here STAYS here!
• Please turn off all beepers/cell phones.
• Feel free to stretch or use the restroom.
1. Why this workshop?
2. What do you want to learn?

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Why the Fuss about Time & Money?
• Both can be sources of great stress
• Good management needed for renewal
• Docs don’t have great stress toolboxes
• Life & practice conditions, effecting time
and money, are changing rapidly
• The old rules vs the new rules!
The Old Rules
vs
The New Rules
• The Linear Rule
• The Outside-In Rule
• Learning is just for
kids Rule
• The Steady State Rule
• The Circular Rule
• The Inside-Out Rule
• Learning isn’t just for
kids Rule
• Endless Change Rule
Copyright CPPR 2012
The Circular Rule
A CHAPTER OF
YOUR LIFE
NEW
BEGINNING
External ChangeExternal Change
• Dreams & PlansDreams & Plans
• AccomplishmentsAccomplishments
• Decline & DiscordDecline & Discord
Internal RenewalInternal Renewal
• HealingHealing
• New Goals & PurposeNew Goals & Purpose
• TrainingTraining
A LIFE
TRANSITION
BETWEEN
CHAPTERS
ENDING
The Inside-Out Rule
Family
Work, CareerWork, Career
VoluntaryVoluntary
Groups,Groups,
ProfessionalProfessional
Associations,Associations,
National RolesNational Roles
Community,Community,
ChurchChurch YOUYOU
Global RolesGlobal Roles
and Citizenshipand Citizenship
Winning at LifeWinning at Life
Works Best from theWorks Best from the
INSIDE-OUTINSIDE-OUT

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Work-life balance involves managing time and priorities between work and personal life to reduce stress. It is defined differently by individuals but generally means achieving satisfaction in both domains with minimal conflict. Benefits include increased employee health, morale, engagement, and retention as well as higher productivity and customer satisfaction. Determinants include individual personality type, family responsibilities, work demands, and social roles. Employers can support work-life balance through flexible policies, supportive management, and creating an environment where employees feel in control and supported.

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The document discusses work-life balance and provides reasons for imbalance, solutions, HR policies to promote balance, case studies, and benefits of balance. It notes that over 60% of respondents feel unable to balance work and personal life. Competition, career ambitions, long hours, and global economies can lead to imbalance. Individual solutions include prioritizing, saying no, organizing, and accepting imbalance. HR policies aim to provide flexibility, time off, training, and support through programs. Case studies show examples of flexible policies from companies. Achieving balance requires time and effort but benefits both work and life.

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MidlifeYoung Adulthood Elderhood
PHYSICIAN COPING SKILLS
• Work Harder
• Work Harder
• Work Harder
• Bitch, Bitch, Bitch
• Hope Things Change
• Isolate
Copyright CPPR 2012
CHANGING
CAREER / LIFE EXPECTATIONS
• The Burden of Educational Debt
• The Cost of Home Ownership
• The Desire for a Balanced Life
• New Work Options
• Early Retirement
PHASE 1PHASE 1
GO FOR ITGO FOR IT
PHASE 2PHASE 2
THE DOLDRUMSTHE DOLDRUMS
PHASE 4PHASE 4
GETTING READYGETTING READY
PHASE 3PHASE 3
COCOONINGCOCOONING
MINITRANSITION
RESTRUCTURE YOUR CHAPTER
A LIFE CHAPTER
A LIFE TRANSITON
The
Disenchanted
Self
The
Inner
Self
The
Passionate
Self
The
Heroic
Self
THE CYCLE OF RENEWAL

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PROLONGING “GO FOR IT”
• Engage in Continuous Learning
• Practice Effective Stress Management
Balance Your Life!
• Strategic Use of Time and Money
• Schedule Frequent Fun!
Reconnecting to
Your Personal Values
Your Personal Values
Journaling Questions:
1. What is your most important
personal value(s) regarding your
time?
2. What is your most important
personal value(s) about money?
It All Begins
with a Re-evaluation
of Your Purpose

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Write Your Personal
Purpose Statement
“My purpose in the next chapter
of my life is………………………”
Maximizing Your
Limited Resources
Time Management
The Time Management Matrix
Urgent Not Urgent
I
ACTIVITIES:
Crises
Pressing problems
Deadline-driven projects
II
ACTIVITIES:
Prevention, PC activities*
Relationship building
Recognizing new opportunities
Planning, recreation
III
ACTIVITIES:
Interruptions, some calls
Some mail, some reports
Some meetings
Proximate, pressing matters
Popular activities
IV
ACTIVITIES:
Trivia, busy work
Some mail
Some phone calls
Time wasters
Pleasant activities
NotImportantImportant
[S. Covey: The Seven Habits of Highly Effective People]

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Values-Based Time
Management
Time Management Exercise
You have 168 hours a week. Knowing that time is one of your most precious
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to invest your time in the future. Please note maintenance activities can span
all roles and include activities which seem necessary but which do not add
value to those roles; some examples: bill paying, house maintenance, etc.
Identify how many hours you currently spend a week on the following:
Sleep Family Activities
Maintenance Friends Activities
Personal Activities Work/Career Activities
Couple Activities Community Activities
Sleep
Maintenance
Work
Couple
Friends
Personal
Current
Commitments
For simplicity,
1 Hour - 0.6% of the Week.
Sleep
Maintenance
Work
Couple
Friends
Personal
Community
Future
Commitments
Time Management Exercise
Identify how you plan to invest your weekly time for your next chapter:
Sleep Family Activities
Maintenance Friends Activities
Personal Activities Work/Career Activities
Couple Activities Community Activities
On the Pie Charts provided, use approximate percentages to graphically
illustrate the comparison between your current and future time allocation.
For simplicity, 1 Hour - 0.6% of the Week.
“SMART” Action Steps
• Specific
• Measureable
• Appropriate
• Reasonable
• Timeline

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This document outlines a presentation on maximizing vital resources through values-based time and money management. The presentation covers assessing personal values around time and money allocation, evaluating current allocations, and developing a personal balance plan. It discusses managing resources strategically through continuous learning, effective stress management, balancing life responsibilities, and financial planning. The goal is to help physicians avoid sacrificing health, relationships, and enjoyment of life in order to make money or recuperate, but to instead fully live in the present.

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Planning Questions
1. What insight(s) did you gain from the time
wheel exercise?
2. What specific step(s) do you want to start
taking in the next week to change your
time allocation as a result of this exercise?
3. When exactly will you start these steps?
4. Who can help to hold you accountable to
make this change(s)? (not yourself)
SMALL GROUP DISCUSSION:
Share with your discussion
partner(s)
your answers to the three previous
planning questions.
(4 minutes per person)
LARGE GROUP DISCUSSION:
1. What is the greatest obstacle you face in
moving towards your new vision for
yourself?
2. What sources of help can you call upon
to overcome these obstacles?
Maximizing Your
Limited Resources
Money Management

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The document discusses strategies for maximizing time and money management based on personal values. It recommends physicians assess their values and time/money allocation annually. Old rules of steady linear progress and outside-in fulfillment are contrasted with new rules of endless change and finding purpose from within. Physicians are encouraged to focus on preventative and relationship-building activities, balance life priorities, and ensure financial plans align with goals and provide protection. The goal is to avoid living as if never going to die without fully experiencing the present or envisioning the future.

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Managing your Limited Resources
Financial Management Questions
1. What is your total monthly post-tax income (all sources)?
2. What is the total of your monthly living expenses?
3. Is income >, =, or < than expenses?
4. Have you verified the numbers in the past two years?
5. What are your basic personal values regarding money
management?
6. Specify your long-term financial goals:
A. B. C.
7. Are you on-track to succeed with each of them?
Managing your Limited Resources
Financial Management Questions
8. Do you have a written financial plan? Do you review/revise it at
least every two years?
9. Do you know and use a fee-only financial planner?
10. Do you have a financial “Plan B” in case you lose your current
practice position, become disabled, or your practice income falls
>30% ?
11. Do you have a written retirement plan? Are you “on track” to retire
on time with adequate income?
12. What investment yield do you need to make in order for your
retirement plan to succeed on time? What has your actual yield
averaged in the past 5 years?
13. Do you have a Durable Power of Attorney for Health Care legally
enacted? A Last Will and Testament?
Clarify Your Financial Goals
• Make a list of your short-term financial goals.
(For the next 1-3 years)
• Make a list of your long-term financial goals
(For greater than 3 years)
• Are you on-track with both sets of goals? Off-
track? Do you even know? What do you want
to do to get back on-track?
Planning Questions
1. What aspects of your personal or family
finances need to be addressed?
2. What specific steps are you willing to
initiate in the next 3 mo to actuate them?
3. Who will you use for support and
accountability?

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Share with your discussion
partner(s)
your answers to the six previous
planning questions (two sets)
(4 minutes per person)
LARGE GROUP DISCUSSION:
What have you learned about your
money that was helpful:
values, goals, or wealth management ?
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Personal Balance Plan
PUTTING IT ALL TOGETHER:
CREATING YOUR PERSONAL OR FAMILY
TIME AND WEALTH MANAGEMENT PLAN
Go back through all of your journaling
answers and find 3 or more action steps you
are willing to take to move forward.
What will you do?
When will you start?
Who will support & hold you accountable?

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Tools to Use: 1. The DELTA Meeting 2. Level 10 City Champion The DELTA Meeting is a great tool to use if you want to conduct effective one-on-one meetings with your employees. It shows your dedication to employee engagement, leadership development, teamwork, and attention to detail. The Level 10 City Champion Chart is a concept derived from the book "The Miracle Morning" by Hal Elrod. He explains, "If we’re measuring our levels of success/satisfaction in any area of our lives, we all want to be living our best lives at a ‘Level 10’ in each area. Creating your ‘Level 10 Life’ begins with creating an honest assessment of where you are."

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If we can't manage our time , we would be able to manage anything else .... How we can do this effectively & efficiently ??

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Moskowitz breakout
LARGE GROUP DISCUSSION
As a Result of this workshop:
• Have you decided to change anything about
your current time allocation?
• Have you decided to do something different
with the way you manage your money?
• Specify at least one Specific Action Step
you have planned, when you will start, and
who will hold you accountable.
EVERYONE PARTICIPATES!!
Moskowitz breakout
PETER S. MOSKOWITZ, M.D.
EXECUTIVE DIRECTOR
CENTER FOR PROFESSIONAL & PERSONAL RENEWAL
PALO ALTO, CA
FOUNDATION FOR MEDICAL EXCELLENCE
October 6, 2012
Maximizing
Your Vital Resources:
Values-Based
Time & Money Management

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This document discusses practical steps for achieving work-life balance. It identifies the difference between personal and work goals, ways to manage relationships, and the impact of planning. It explains flexible work arrangements and their role in work-life balance. Key points include defining life and work goals, prioritizing tasks, identifying objective and subjective success, dealing with conflicting goals, and types of flexible work arrangements.

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Happy Healthy Nonprofit Workshop
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Here are some tips to improve being present: - Schedule focused work for when you have the most energy - Limit meetings to 30 minutes as the default - Ban electronics/multitasking from important meetings - Protect distraction-free time on individual calendars - Speak up if a meeting seems unfocused or you notice distractions creeping in Assessing where your team is at with planning, people skills, priorities and being present can help identify areas to improve collaboration habits. Small changes like these tips can help your team optimize efforts and avoid burnout from too much connectivity.

nonprofitself-carewellbeing
Happy Healthy Nonprofit Workshop
Happy Healthy Nonprofit WorkshopHappy Healthy Nonprofit Workshop
Happy Healthy Nonprofit Workshop

The document discusses bringing self-care and well-being into nonprofit workplaces. It notes that burnout is a problem for nonprofit professionals due to high demands and lack of resources. The presentation provides tips for individual self-care practices and creating an organizational culture of well-being. Some key benefits of prioritizing well-being include lower health costs, higher employee satisfaction, better ability to handle stress, and increased productivity. The presentation emphasizes that well-being must be an embedded part of the organizational culture, not just occasional activities, and requires leadership commitment and employee engagement to be successful.

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Moskowitz breakout

  • 1. PETER S. MOSKOWITZ, M.D. EXECUTIVE DIRECTOR CENTER FOR PROFESSIONAL & PERSONAL RENEWAL PALO ALTO, CA FOUNDATION FOR MEDICAL EXCELLENCE October 6, 2012 Maximizing Your Vital Resources: Values-Based Time & Money Management
  • 2. Maximizing Your Vital Resources Learning Objectives At the conclusion of this workshop physicians will: 1. Clarify your personal values surrounding your allocation of time. 2. Create a personal time allocation plan. 3. Clarify your personal values surrounding your allocation of money. 4. Create a personal wealth management plan.
  • 3. The Ground Rules • Stay focused; leave with a Plan. • Honor each person’s story. • Speak only for yourself. • Maintain total confidentiality. • What goes on here STAYS here! • Please turn off all beepers/cell phones. • Feel free to stretch or use the restroom.
  • 4. 1. Why this workshop? 2. What do you want to learn?
  • 5. Why the Fuss about Time & Money? • Both can be sources of great stress • Good management needed for renewal • Docs don’t have great stress toolboxes • Life & practice conditions, effecting time and money, are changing rapidly • The old rules vs the new rules!
  • 6. The Old Rules vs The New Rules • The Linear Rule • The Outside-In Rule • Learning is just for kids Rule • The Steady State Rule • The Circular Rule • The Inside-Out Rule • Learning isn’t just for kids Rule • Endless Change Rule Copyright CPPR 2012
  • 7. The Circular Rule A CHAPTER OF YOUR LIFE NEW BEGINNING External ChangeExternal Change • Dreams & PlansDreams & Plans • AccomplishmentsAccomplishments • Decline & DiscordDecline & Discord Internal RenewalInternal Renewal • HealingHealing • New Goals & PurposeNew Goals & Purpose • TrainingTraining A LIFE TRANSITION BETWEEN CHAPTERS ENDING
  • 8. The Inside-Out Rule Family Work, CareerWork, Career VoluntaryVoluntary Groups,Groups, ProfessionalProfessional Associations,Associations, National RolesNational Roles Community,Community, ChurchChurch YOUYOU Global RolesGlobal Roles and Citizenshipand Citizenship Winning at LifeWinning at Life Works Best from theWorks Best from the INSIDE-OUTINSIDE-OUT
  • 9. The Endless Change Rule MidlifeYoung Adulthood Elderhood
  • 10. PHYSICIAN COPING SKILLS • Work Harder • Work Harder • Work Harder • Bitch, Bitch, Bitch • Hope Things Change • Isolate Copyright CPPR 2012
  • 11. CHANGING CAREER / LIFE EXPECTATIONS • The Burden of Educational Debt • The Cost of Home Ownership • The Desire for a Balanced Life • New Work Options • Early Retirement
  • 12. PHASE 1PHASE 1 GO FOR ITGO FOR IT PHASE 2PHASE 2 THE DOLDRUMSTHE DOLDRUMS PHASE 4PHASE 4 GETTING READYGETTING READY PHASE 3PHASE 3 COCOONINGCOCOONING MINITRANSITION RESTRUCTURE YOUR CHAPTER A LIFE CHAPTER A LIFE TRANSITON The Disenchanted Self The Inner Self The Passionate Self The Heroic Self THE CYCLE OF RENEWAL
  • 13. PROLONGING “GO FOR IT” • Engage in Continuous Learning • Practice Effective Stress Management Balance Your Life! • Strategic Use of Time and Money • Schedule Frequent Fun!
  • 15. Your Personal Values Journaling Questions: 1. What is your most important personal value(s) regarding your time? 2. What is your most important personal value(s) about money?
  • 16. It All Begins with a Re-evaluation of Your Purpose
  • 18. Write Your Personal Purpose Statement “My purpose in the next chapter of my life is………………………”
  • 20. The Time Management Matrix Urgent Not Urgent I ACTIVITIES: Crises Pressing problems Deadline-driven projects II ACTIVITIES: Prevention, PC activities* Relationship building Recognizing new opportunities Planning, recreation III ACTIVITIES: Interruptions, some calls Some mail, some reports Some meetings Proximate, pressing matters Popular activities IV ACTIVITIES: Trivia, busy work Some mail Some phone calls Time wasters Pleasant activities NotImportantImportant [S. Covey: The Seven Habits of Highly Effective People]
  • 22. Time Management Exercise You have 168 hours a week. Knowing that time is one of your most precious resources, analyze how you spend you time in a typical week and how you want to invest your time in the future. Please note maintenance activities can span all roles and include activities which seem necessary but which do not add value to those roles; some examples: bill paying, house maintenance, etc. Identify how many hours you currently spend a week on the following: Sleep Family Activities Maintenance Friends Activities Personal Activities Work/Career Activities Couple Activities Community Activities Sleep Maintenance Work Couple Friends Personal Current Commitments For simplicity, 1 Hour - 0.6% of the Week.
  • 23. Sleep Maintenance Work Couple Friends Personal Community Future Commitments Time Management Exercise Identify how you plan to invest your weekly time for your next chapter: Sleep Family Activities Maintenance Friends Activities Personal Activities Work/Career Activities Couple Activities Community Activities On the Pie Charts provided, use approximate percentages to graphically illustrate the comparison between your current and future time allocation. For simplicity, 1 Hour - 0.6% of the Week.
  • 24. “SMART” Action Steps • Specific • Measureable • Appropriate • Reasonable • Timeline
  • 25. Planning Questions 1. What insight(s) did you gain from the time wheel exercise? 2. What specific step(s) do you want to start taking in the next week to change your time allocation as a result of this exercise? 3. When exactly will you start these steps? 4. Who can help to hold you accountable to make this change(s)? (not yourself)
  • 26. SMALL GROUP DISCUSSION: Share with your discussion partner(s) your answers to the three previous planning questions. (4 minutes per person)
  • 27. LARGE GROUP DISCUSSION: 1. What is the greatest obstacle you face in moving towards your new vision for yourself? 2. What sources of help can you call upon to overcome these obstacles?
  • 29. Managing your Limited Resources Financial Management Questions 1. What is your total monthly post-tax income (all sources)? 2. What is the total of your monthly living expenses? 3. Is income >, =, or < than expenses? 4. Have you verified the numbers in the past two years? 5. What are your basic personal values regarding money management? 6. Specify your long-term financial goals: A. B. C. 7. Are you on-track to succeed with each of them?
  • 30. Managing your Limited Resources Financial Management Questions 8. Do you have a written financial plan? Do you review/revise it at least every two years? 9. Do you know and use a fee-only financial planner? 10. Do you have a financial “Plan B” in case you lose your current practice position, become disabled, or your practice income falls >30% ? 11. Do you have a written retirement plan? Are you “on track” to retire on time with adequate income? 12. What investment yield do you need to make in order for your retirement plan to succeed on time? What has your actual yield averaged in the past 5 years? 13. Do you have a Durable Power of Attorney for Health Care legally enacted? A Last Will and Testament?
  • 31. Clarify Your Financial Goals • Make a list of your short-term financial goals. (For the next 1-3 years) • Make a list of your long-term financial goals (For greater than 3 years) • Are you on-track with both sets of goals? Off- track? Do you even know? What do you want to do to get back on-track?
  • 32. Planning Questions 1. What aspects of your personal or family finances need to be addressed? 2. What specific steps are you willing to initiate in the next 3 mo to actuate them? 3. Who will you use for support and accountability?
  • 33. SMALL GROUP DISCUSSION: Share with your discussion partner(s) your answers to the six previous planning questions (two sets) (4 minutes per person)
  • 34. LARGE GROUP DISCUSSION: What have you learned about your money that was helpful: values, goals, or wealth management ?
  • 36. PUTTING IT ALL TOGETHER: CREATING YOUR PERSONAL OR FAMILY TIME AND WEALTH MANAGEMENT PLAN Go back through all of your journaling answers and find 3 or more action steps you are willing to take to move forward. What will you do? When will you start? Who will support & hold you accountable?
  • 38. LARGE GROUP DISCUSSION As a Result of this workshop: • Have you decided to change anything about your current time allocation? • Have you decided to do something different with the way you manage your money? • Specify at least one Specific Action Step you have planned, when you will start, and who will hold you accountable. EVERYONE PARTICIPATES!!
  • 40. PETER S. MOSKOWITZ, M.D. EXECUTIVE DIRECTOR CENTER FOR PROFESSIONAL & PERSONAL RENEWAL PALO ALTO, CA FOUNDATION FOR MEDICAL EXCELLENCE October 6, 2012 Maximizing Your Vital Resources: Values-Based Time & Money Management