If You Want to Succeed, Be a Quitter
I’m sure you know of mega successful people like Warren Buffet, Richard Branson, Martha Stewart, Tony Robbins, and many others. What is one trait all these people share in common, they know what to quit doing.
I don’t believe you’ll see anyone of these mega successful people vacuuming the floors in their home, washing their cars or cleaning their bathroom toilets. Why not? Their time is too valuable.
Do You Value Your Time?
Establish a baseline. Figure out what is your hourly rate of pay? Depending upon your state, minimum wages range from $7.25/HR to $13.50/HR.
Based on your hourly rate, can you hire someone to do tasks that will cost less than it would cost to pay yourself to perform that same task. If so, then leverage your additional time to work at your higher income level?
This would generate a positive cash flow even through you are paying someone to perform a task you usually perform.
What To Quit and What Not To Quit
Because you can quit something doesn’t always mean you should. Take gardening for instance. If you enjoy gardening, then that is not a task to outsource, it’s an activity you enjoy. Any activity that gives you joy and peace, whether it’s washing clothes, doing home repairs you should continue doing.
On the other hand, if an activity is a task, then see about outsourcing it.
Find Someone Who Loves What You Hate
One way to outsource a task is to find someone who loves what you hate. I dislike accounting. But if I find a person who loves accounting. That’s the person I need to do my accounting. Whether I need to hire this person or barter for their time. It depends on the situation.
Sometimes it’s not about the dollars and cents of the equation. If not always leveraging your time to make more money. It can be about freeing your time to rest, pursue an interest or hobby.
Don’t Major In the Minors
There are big things and little things. Out of the multiple tasks you need to perform, what is the most important? What task is going to move the ball forward in your life. Work on that task.
It's comforting to take on the smaller, easier tasks and tell yourself when you have that completed that smaller task, jump onto the larger more important task. The problem is the smaller, easier, less important tasks multiply faster than you can complete them. So by focusing on the minors you never get to work on the majors.
Time is a Fixed Asset
We are all going to die someday. Time is a fixed asset, you can’t buy more time, so use what you have wisely. Leverage what you can leverage. Every day we are all allocated the same amount of seconds. I have the same amount of seconds available to me today as President Trump. So do you. I would imagine President Trump leverages his time at a far greater level than we do. He worked to get to that level.
We can too.