Jack's Journal (12/5)

Low opportunity cost time

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Happy December!

I love this month. December is an excuse to eat & drink a little more, spend less time at work and more with loved ones, reflect on the year, and remember how lucky we have it…regardless of what may keep us up at night.

Q&A Section

Q: Do you work on the weekends. If so, how many hours per week? - Abby

A: The further I thought about this question, the quicker I realized it deserves it’s own newsletter, which I’ll drop next week (12/12). But for the sake of the question, I go through phases. Some weeks I’m pumping 60-80hrs and others I do no more than 30hrs. It’s my perspective of ~ balance ~ - JB

Low Opportunity Cost Time

There’s one thing that December and Friday afternoon have in common…it’s a period of time where we all like to pretend our foot is still on the gas.

And if I ever struck you as a Gary V, David Goggins, or Alex Harmozi whorshipper, you are totally wrong. Because the hardo’s who preach 24/7/365 are the same people who make work their personality.

(And let’s not be those people)

But do I occasionally channel the inner demons to go the extra mile? Sure, but I believe we all do in some way shape or form.

But it’s important to chill the f*ck out.

The Back Story

2017 JPM analyst boat party in NYC

This whole concept of “low opportunity cost time” was taught to me by a banker who had a reputation (which is never a good thing to hear as an analyst).

Let’s just say it was a character building experience to support his team for 3 years. And I’d make the argument that experience is what ignited a big portion of my TikTok following earlier this year.

@jack_boudreau_

Not every analyst story has to be traumatizing lol #jpmorgan #banking #analyst

But back to the topic at hand...

Low opportunity cost time is all about making the most of each minute, especially in cases where your personal life should be prioritized.

Using my former banker as an example:

  • He never scheduled meetings on Monday’s or Friday’s

  • You rarely saw him in the summer months

  • He was always in the office on common PTO days like Friday after Thanksgiving or December 26th

  • The guy always beat rush hour by arriving at 6am and leaving by 3pm

And a friendly reminder that these were all pre-Covid or WFH mandates. So it was pretty insane to do these and be a top producer at JPM.

He was a true tactician of his time.

That’s what this is all about.

Friday Afternoon’s

Let’s face it, most of our minds are elsewhere by 2pm on a Friday. So if my afternoon is free I immediately sprint over to a nearby climbing gym.

Similarly, as a startup we could probably sell more subscriptions or grow faster if I didn’t block off my calendar between 7am - 9am and 3pm - 5pm each day.

I probably don’t need to, but every December I mail 300-400 hand written cards to friends, family, customers, investors, you name it. Why? Because I just generally have less meetings so I have the time.

But I’ll also consume about 1,000 hours of college basketball, NFL, binge a few netflix shows (Queens Gambit, Vikings, and Peaky Blinders right now) because December is my lazy era so I can go ham in Jan, Feb & March.

In other words, sometimes the most productive thing you can do is turn your brain off, conserve your energy, and be lazy af.

Refer this to a friend!

Hi all - we usually get anywhere between 25-50 new subscribers each week, but you’d be amazed how many email replies I receive from non-subscribers.

Do me a favor and any time you choose to forward or share this, please use the link below! Let’s just say we treat our referral sources a little more special :)

-JB

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