Jan 15, 2018
Time is More Valuable than
Money.
Most people look at their bank accounts with great attention and
assess how much money they have to spend, to invest, and
to give away… ...
In fact, time is
much more valuable than money because you can
use your time to make money, but you can't
use money to purchase more time.
In today’s show, I chat with my good friend Louise
Bedford about time management and investing your time like it is
money.
I know people say that time is
like money, but I’ve found that when I invest money I make more. I
have never found a way to get my time back. That is why today, we
are teaching a different concept of time management.
How to Invest Your Time Like it Is Money:
- Transforming your relationship with time so
that you have more focus and balance and are able to get more
done.
- How
time is the one thing that we don’t get a second chance
at.
- How
not all time is created equal. We need to leverage our time and do
things in a smart way to become wealthy.
- Pretend you are going on holiday tomorrow and
do what needs to get done.
- The
importance of having integrity with our time. How women give, give,
give, and their energy reserves get depleted.
- Putting your own goals and prosperity above
everybody else's goals.
- Letting emergencies get in the way of your
personal projects.
- Looking for time leaks, so that you can have
the outcome that you want.
- Having a focus day where you isolate
yourself from the world and focus on one core skill. Not letting
distractions eat up your goal.
- Not
having time shouldn’t be an excuse. You should say it is just not a
priority anymore.
- How
20% of your time produces 80% of your results. The sweet spot of
time that produces results.
- How
most people have no idea what their A, B, and C activities are and
don’t know how to structure their time.
- Leveraging your time and systems instead of
increasing your hours.
- Getting into the level of genius and not
getting overwhelmed with low-level activities.
- Structure your days to use your time more
effectively.
- Upgrading your time is the wealthy solution.
Trading time for dollars is the non-wealthy solution.
- Learning to structure your time to have fun, so
you can work less for a longer amount of time and
years.
- Delegating and dumping the D
activities.
- Finding where you are wasting time. Tracking
your activities and finding the time bandits.
- If it
is not earning you money, creating pleasure, or giving back to your
family or community then why are you doing it.
- Concentrating on one thing at a time and
setting specific goals to manage your time.
- Not
assigning too many tasks for one day, or using an electronic to do
list which will automatically assign them to the next
day.
- Getting the unpleasant tasks out of the way
first thing. As long as they are important. Eat That
Frog.
- Delegate. Don’t do it. It takes practice to do
what you need to do. Find the bottlenecks. Write down where the
holdup is and then take action.
- Becoming accountable to somebody. Having
mentors, business coaches, and being part of mastermind
group.
- Setting your phone for 20 minutes and trying to
complete a 25 minute task.
- Giving your family undivided
attention.
- Michael Yardney’s Guide to Getting Rich and the
habits and thought processes for the rich. Getting a money
education.
- Any
problem that money can solve isn’t a problem.
- Ask
what the most productive and profitable use of your time is? Ask
what the payoff is?
- How
Michael has made more from saying no to things. Asking what your
state of mind is?
Links and resources:
Quotes:
“Sometimes it’s not about
managing our time, but managing our priorities to achieve more.”
Louise Bedford
“You have to put yourself and
your time above everyone else’s time.” Louise Bedford
“Having time integrity means
that you are honoring commitments to yourself.” Louise
Bedford
“It’s important to know what is
important. A lot of things are urgent, but are they important?”
Michael Yardney
“Working harder won’t always
give you the results that you want.” Michael Yardney
“Most professionals seek to
increase their income by increasing their hours as opposed to
leveraging their time.” Michael Yardney
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