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Interview with Money Management Guru Dr. Lloyd Watts

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Lloyd Watts is represented by Pump Up Your Book Promotion, an innovative public relations agency specializing in online book promotion.

Lloyd Watts was born in London, England, on October 2, 1961. He earned a Ph.D. in Electrical Engineering in 1992 at the California Institute of Technology, studying with Silicon Valley pioneer Carver Mead. In 2000, he founded Audience, Inc., a venture-capital funded startup that builds advanced noise reduction chips for cell-phones.

Dr. Watts is the author of five patents and many technical papers, as well as the new book, The Flow of Time and Money.  We interviewed Lloyd to find out more about his book and his life as a published author.

Thank you for this interview, Lloyd.  Can you tell us a little about yourself and how long you’ve been writing?

I am the founder of Audience, a technology company that makes noise reduction chips for cell-phones, and the author of The Flow of Time and Money, a book about creating a fulfilling and prosperous life.  I believe in living my life to the fullest, and to me that means:  Doing things that I love to do, enjoying my relationships with people who I care about, and building a great future that, each day, becomes my present.  I feel very fortunate, and I love what I do.

I’ve been writing since 1999, when I first put together the flow diagrams and seminar on which The Flow of Time and Money is based, and then committed the seminar content to an early version of the book.

At what point in your life did you make up your mind you were going to become a published author?

When I wrote the first version of The Flow of Time and Money in 1999, I was preparing to start my first technology company (Audience) based on work I had been doing for about a decade.  I was 38 years old and felt like I had been preparing all my adult life to start this company.  But at the same time, my seminar on The Flow of Time and Money was being enthusiastically received, and I felt the urge to commit it to writing and publish it in an early form.  I knew it was too early for me to ask for wide attention on the subject of financial success, because I had not succeeded yet – I was just preparing to start my first company.  But somehow I sensed the audience would be successful, and I felt the urge to “call my shot” – to write how I felt time and money worked, from the point of view of a young man about to do something that he hoped would be great.  There are many books written by successful people, after the fact, and I have always felt that they suffer from a kind of revisionist history.  I wanted to make available my thoughts and thought processes on these important subjects, from the point of view of a person who was about to climb the mountain.  I knew that if I reached the top, I would be glad to have a written record of what I took with me, and that other would-be climbers might be glad to read it too.

Was there anyone in your life who you can give credit to helping pave the way?

Yes, there have been many, but especially my parents, Donald and Valery Watts, and my mentors and early investors, Allan Crawford, Carver Mead, and Paul Allen.  They all encouraged me, educated me, and supported me as I took on my unreasonably ambitious projects.

What was your favorite book to read as a child?

My mother had an extensive library of self-help books.  I remember a day when I was about 14 years old that changed my life.  I was looking through this large library at books whose titles did not capture my interest.  But then I saw a book by Raymond Hull, entitled How to Get What You Want.  I remember thinking, “Okay, if that doesn’t grab you, what will?”  I pulled it off the bookshelf and couldn’t put it down.  A recipe, a sensible method, for how to get anything I wanted!  I could hardly believe that someone had written something so simple, so powerful.  I felt like I had discovered Aladdin’s lamp.  I followed it to the letter, and found that it did indeed work as advertised.  It is one of the references in The Flow of Time and Money, the first of many books which deeply influenced me.

Can you tell us a little about your latest book?

My latest book is The Flow of Time and Money: How to Create a Full and Prosperous Life.  It takes two subjects (time management and financial success) and shows that they are two sides of the same thing, have the same structure, and are connected in two surprising ways.

  1. The first way is that time and money have the same basic flow structure.  They flow IN in the same way (you get your weekly job income, and you get your 168 hours each week of time).  They flow OUT in the same way (we have some necessary expenses of money, like food, shelter, and clothing, and we have necessary expenses of time, like sleeping, eating, bathing).  And there are ways of productively investing both time and money that lead to fulfillment and prosperity (investing money into assets that produce Capital Gains and Passive Income, and investing time in your relationships, education, and health).   The flow patterns are the same, and when we truly see the big picture of how we are spending our precious time and money, we start managing our lives better to cut out the harmful and wasteful things, and to make the good stuff happen.
  2. The second connection between time and money is that we have ways of turning one into the other.  The simplest way to turn time into money is to work at a job.  Your employer turns your time (eight hours/day) into your job income, at a rate determined by your professional education and relationships.   Your time and your money are directly connected by your employer.  That is the usual way that the vast majority of people live their lives.  The Flow of Time and Money shows you how to eliminate the employer from your life:  by investing in your life assets and material assets, to produce passive income and capital gains, so you can live on those sources of income, rather than job income, so you can have more time to enjoy your life and contribute to making the world a better place.

When we understand the “rules” of time and money, we can see how to build a strategy for how to win the game – to become financially independent.  The Flow of Time and Money describes the four stages on the path to financial independence – youth/education, accumulating capital, small deals and big deals.  Each of these stages has things that need to be learned to prepare you for the next stage.  And each has traps that can prevent you from moving to the next stage.  The first big trap is the Save and Spend Trap, which we dutifully teach to our children with the “piggy-bank and allowance” method of financial education.   The second big trap is the Borrow and Spend Trap – many people are tempted into this trap by peer pressure and the desire for social status, to look wealthier than they really are.

All told, the book describes how to build a complete life, with the money to enjoy the good things that life has to offer, and the time to enjoy our loved ones and make a contribution to the world.

What kind of research did you have to conduct to write your book?

The Flow of Time and Money is the result of 32 years of research into personal success and accomplishment that began with the reading of How to Get What You Want by Raymond Hull, and continued with the study of other work by such authors as Napoleon Hill, Tony Robbins, Stephen Covey, and Robert Kiyosaki.  I put everything into practice that I could, kept what worked and abandoned what didn’t, and synthesized something new, that tied together the two disparate fields of time and money management into a unified and coherent treatment.

What message are you trying to convey with this book?

If you want fulfillment and wealth, you must understand how time and money work. Invest your time into your education, relationships, health, and ability to be organized.  Live within your means.  Create a place for your wealth to grow.  Pay yourself first 10% to get started.  Develop an investing specialty and learn to invest beyond your home in your first small deals.  Learn how to lead and do something grand in your first big deal.  Honor your mentors by listening and learning from them.  Pay your debt forward by teaching others when you are ready.  Have the courage to live a unique, great life.  And when you are successful, put some energy into making the world a better place.

Do you have a website?  Do you manage it yourself or do you have someone run it for you?

Yes, I have several websites which I manage myself.

The Flow of Time and Money is available on, and will be available shortly in bookstores.

Thank you for this interview, Lloyd!  Do you have any final words you’d like to share with my readers?

Thank you so much for the opportunity to reach out to your readers, and thanks to your readers for taking the time to read this interview.  I hope you enjoy The Flow of Time and Money, and it helps to bring you wealth and fulfillment in your own life.

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