Heat the water in a medium-sized saucepan until hot but not boiling. Add the saffron and let it steep with the lid on for at least 15 minutes.
Rinse the rice with water 6-8 times until the water runs completely clear. Swish the rice around with your hand. Let this be a meditation. Drain the rice.
When you are 20 minutes from wanting to eat, bring the saffron water to a boil. Add the drained rice. Put on the lid, turn down to low, and cook 10-12 minutes. Turn off and let sit with the lid on until you are ready to serve. Fluff gently with a fork.