Money management is an important topic for poker players, but little is said as to time management. Sure, pros often say that one of the major benefits of playing poker for a living is the freedom to do what they want when they want to do it. But, just because you do not have to live by a time clock, does not mean that a more productive use of your time is not desirable. In fact, it could help you be a better pro and a happier human being.
In the 1920s, the President of Bethlehem Steel called in a time management consultant to observe him and give advice. Subsequently, the consultant told him, “Every evening write down the six most important things, in order of importance, that must get done the next day. Use the plan for six months and send me a check for what you think it is worth.”
Six months later the consultant received a check for $25,000 (more than $300,000 today). Time is a scarce, valuable resource and deserves to be managed accordingly.
Some tips to save time and achieve an advantage over fellow competitors:
1. Always travel with a tape recorder by your side even on your nightstand while sleeping you’re still thinking.
2. Use your cell phone, on a speaker, in your car while driving.
3. Phone ahead to get your name on waiting lists and avoid wasting time going into casinos where there are no games for you.
4. Use valets to park when available. The time gained is usually worth the tip you give.
5. Turn your car into a poker university. Listen to MP3s, CDs or tapes that teach you something while driving. (Driving 10,000 miles per year, with an average life span, means you will spend 2-1/2 years of your life in a car). Do the same when running or working out.
6. Take a speed-reading course.
7. Always carry something useful to read.
8. Reprioritize your list half way through each day.
9. Avoid people who waste time.
