I have realised that the only way I can finish all the work I have and then also have time for my hobbies now is to cut down on my sleep.
As of today I am testing polyphasic sleep. Polyphasic sleep is essentially sleeping multiple times during the day in defined intervals as to get just the REM stage of the sleep (which is the most important part of the human sleep)
http://en.wikipedia.org/wiki/Polyphasic_sleep
The extreme polyphasic sleep is where you train your body to sleep 20 minutes every 4 hours during the day (getting roughly 2 hours of sleep per day) and saving 6 hours of sleep. Your body over time trains to go into REM straight away and get the required rest for the body.
I am not sold on that 
so I am cutting it down slowly. I am starting at 4.5 hours of sleep during night and 2-3 20 min sleep during the day. If that works out, I might go to 3 hours of main sleep and 3-4 20 minute sleep during the day.
I will update this blog weekly with updates.
Hello from a fellow Melbournian!
Did you end up giving this a go? I started polyphasic sleep myself about 2 weeks ago and am absolutely loving it, would love to know how you went with your trial.
Handy Andy Pandy
http://handyandypandy.com
Hi Andy, I haven’t checked this blog in a while so missed your comment. I tried about 2 weeks as well but it was very tough for me and went through a lot of headaches. After about 3 weeks I gave up
and am back on the 8 hours a day plan. Please keep me updated about yours, I would love to get back into it. My main issues is with health – are you as energetic and physical as when you were doing normal sleep patterns?
dude… is this for real?? i would love to try too… i always have a problem with my sleep, one day 24 hours is just not enough for me.. I seemed to have a lot of things to do everyday, please keep it posted.. Thanks.