Moving Money

I know Where's George is sooo 1998, but 10 years later, it's captured my imagination like nobody's business.

The idea is simple: Each dollar bill has a unique identifier on it, and were you to enter them into a database, and track instances of a dollar bill's possession, you could monitor its travel throughout the world.

For the last few weeks, I've been religiously stamping my dollars -- $1 bills only; it's George for a reason, Media Dieticians -- with a stamp purchased from Holmes Stamp & Sign and releasing them back into the wild.

All my dollars have been virgins -- no previous entries, these -- but my sense of money and how money moves has been heightened.

Where does your money go? It's not that difficult to tell.

Green Frog from Kyoto

Before heading out for the laundromat this morning, I sorted through some piles on the kitchen table. In one, I found a small plastic bag with a tiny porcelain frog figurine inside. We're talking smaller than your fingernail. I've had this for years and never really looked at it closely -- always figured it was a knickknack too small to display anywhere. But this morning I opened it up and found this little slip of paper:

GREEN FROG from KYOTO

In Japanese, the word "kaeru" means both "frog" and "return." It is said that anyone carrying this frog in a coin purse will have the good fortune of having his money returned to him.

The thing has utility! So we dropped it in my coin purse, a yellow Puwawa coin purse from Sanrio, oddly enough.

Do you have any talismans that you carry with you? Does anyone know anything more about this green frog from Kyoto?

People Hour Power

When working on projects, I often calculate how much time a set of tasks will take me personally -- and how long I've worked on something. But I don't always keep in mind the time that will need to be spent by other people involved in the project, either in tandem with me or separately.

At work, we use a conference call service that, after every call, sends you a report indicating what phone numbers dialed in, how much time each participant spent on the call, and the total time spent by participants in the call. After a half-hour conversation this morning, I received such a report.

I spent 36 minutes on the call. Five additional people dialed in, ranging between 23 and 36 minutes per call. The mean time spent was 31 minutes. The median was 35. The mode 36. But another number is even more interesting. The total time spent by those six people (including myself) ended up being 186 minutes. More than three people hours!

What I considered to be a relatively low investment in terms of my time and work energy in fact cost six times the time I spent on it. Were there any people who didn't really need to be on the call? Did I need to be on the call?

BusinessWeek recently turned me on to PayScale.com's Meeting Miser, a tool you can use to determine not just the time cost of a meeting, but the actual salary cost of a meeting. Just plug in the titles of the people participating, and it'll tell you how much the meeting costs by the second and minute. And you can even start and stop it during a meeting to determine how much a work session is taking.

The call this morning, if I have the title mix right, cost a nickel a second, or $3.23 a minute. At a mean time of 31 minutes, it cost just more than $100. Was it worth $100?

A new way to think about how you spend your time at work!