The Flow of Time and Money: How to Create a Full and Prosperous Life – Author Interview – Lloyd Watts

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flow_of_time__money_coverPaperback Writer is pleased to introduce Dr. Lloyd Watts, author of the self-help/personal finance book The Flow of Time and Money: How to Create a Full and Prosperous Life (Megawatt Media Corporation), as he virtually tours the blogosphere in April on his first virtual book tour with Pump Up Your 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 5 patents and many technical papers. He is an accomplished photographer, painter, musician, former hang glider pilot, and proud father of two lovely daughters. He lives in Mountain View, California, in the heart of Silicon Valley.

You can visit Lloyd online at




Hi Lloyd.


Welcome to Paperback Writer.


Thank you very much!  I’m very pleased to have the opportunity to connect your readership.


Would you share with us how you came up with the idea for your book? 


The Flow of Time and Money uses simple pictures to show how Money works, and then show that Time works the same way, and show how to build a prosperous and fulfilling life based on this new understanding.  So the heart of the book, and its starting point, is the collection of simple flow diagrams that show how money flows in, flows out, and recirculates and regenerates in our lives. 


I developed these flow diagrams in 1999, after I had read Robert Kiyosaki’s Rich Dad, Poor Dad.  I was inspired by the simple and powerful ideas in his book.  But there was something that bothered me.  The conventional “accountant” view of the world is based on the Income Statement (Income and Expenses) and Balance Sheet (Assets and Liabilities).  These are abstract terms, and generally represented by accountants as lists of numbers.  I realized Assets and Liabilities were things that had accumulated (like water in a bucket), and Income and Expenses were rates of flow (like how fast water is pouring into the bucket, or leaking out of the bucket).  So I drew a new picture with a bucket to represent Money, with a tap flowing money in, and holes in the bucket to represent expenses.  From this starting point, it was easy to show all the principles of wealth creation in these terms.  Accumulating Capital for investing purposes is like putting a special cup inside the bucket, where the money won’t leak out.  Paying Yourself First is like nudging the lip of cup into the income stream, so it can catch some of the money are start the Accumulation of Capital.  And generating Capital Gains and Passive Income is like having the money in the cup trigger new flow into the cup, thus re-generating and re-circulating the money and making it grow even faster.


Once I had really mapped out how Money worked in this framework, I discovered to my delight that Time could be described the same way, and that Time and Money could be understood together in a common framework.  Suddenly I saw that it was possible to describe the essential elements of an adult life in a simple picture, so we could see what kinds of choices we were making, and make choices that would give us the life we wanted.


Was it a light bulb moment or something that you thought about for a very long time?


It was more like making a drawing that started in the most promising way, and the more I worked on it, the more interesting and exciting it became.  There was a kind of inherent truth to it, and I saw that, as I kept working on it, the truth was revealing itself little by little.  To this day, I am still kind of amazed by the simplicity, elegance, and beauty of this way of looking at life.


How did you come up with the title?

It was pretty literal.  The first diagram was The Flow of Money.  The second diagram was The Flow of Time.  The book title became The Flow of Time and Money:  How to create a full and prosperous life.   I added the tag-line How to create a full and prosperous life to reflect the rest of the book, in which I show how to apply the flow principles to follow the Path of Financial Independence, and ultimately make your greatest contribution to the world.


How did you find an agent and publisher?

I published an early version of the book myself in 2000, using The Self-Publishing Book by Dan Poynter as a guide.  I got a few hundred copies printed up by DeHart’s Press in Santa Clara, and got them placed at East West Bookstore in Mountain View.   I also had posted an early PDF of the book on my website.  Over the next few years, the PDF got noticed by people all over the world, including people in Europe and Asia.  I was contacted by a publisher in Taiwan (Tsung-I Ho) in 2007 who offered to translate the book into Chinese and release it in Taiwan:


In 2008, I was contacted by an attorney in San Francisco (Ludovico Capuzzo) who asked about translating the book into Italian, and then introduced me to an opera singer (Silke Lindner) who offered to translate the book into Spanish.  And a good friend of mine, Henry McGilton, took an interest and did a thorough scrub of the typesetting and language in the English version.  At that point, it seemed like there was a groundswell of interest, and I began working with the whole team on re-doing the cover, typesetting, redoing the figures, etc. and released a new version in 2008, at first on, and finally on, which permits direct Print-On-Demand selling on


This remarkable business model has incredibly good economics, and the quality of the printed books is beautiful.  Once the project got going, I engaged Charlie Barrett of the Barrett Company in publicity, who then helped me find Amy Collins MacGregor of the Cadence Group who specializes in setting up the sales and distribution channels.  Amy then strongly encouraged me to get the cover redesigned by Gwen Snyder.


Who reads your work in progress?   Who made a difference in the book’s quality?

Henry McGilton did a thorough review and edit in preparation for the final release.  I re-did all the figures.  And Amy and Gwen worked on the cover.


How long did it take you to complete the first draft?

The first draft in 2000 took about 4 months to complete, including learning how to use Adobe Pagemaker (now Adobe InDesign) and getting it printed at DeHart’s printing.


How long did it take from start to publication?

If we define the start point as mid-2000 when I began writing the first draft, and publication as December 2008, when the final version became available on CreateSpace/Amazon, it was about 8 years.


Do you have any advice for new authors?

Writing a book is incredibly rewarding and exciting.  It is also a TON of work, and it is challenging to promote and market it.  When the book is written, the project is not over – it has just begun.  Expect to take several years promoting and developing the market for the book.  Dan Poynter’s book is a very valuable resource.  Things really started to get professional for me when Charlie Barrett and Amy Collins got involved and brought real professional knowledge and industry contacts to bear on it.  The sooner you can get industry professionals involved in the preparation, packaging, and promotion of your book, the better.


Thank you, Lloyd for stopping by Paperback Writer on your virtual book tour. I wish you continued success through the rest of you tour.


Thank you very much for the opportunity to connect with your readers!



Lloyd Watts


THE FLOW OF TIME AND MONEY VIRTUAL BLOG TOUR ’09 will officially begin on April 1 and end on April 30. You can visit Lloyd’s blog stops at in April to find out more about this talented author!




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