MadAbout
Money
HAVE YOU EVER WONDERED ABOUT HOW OTHER PEOPLE BECOME
RICH IN VERY LITTLE TIME WHILE YOU KEEP WORKING LONGER HOURS
AND DON’T MAKE HALF AS MUCH AS THEY DO?
T
his happens to
most of us. We
think that the harder we work, the more we
will get and become rich.
But that is not so. The key
to making money is working smart not working
hard or working for a longer time. What you need
to do is to be thoughtful
with your time – be more
productive but less busy.
Don’t let work take over
your life so much that you
have no personal time
nor should you allow your
work to suffer because
you are giving excess importance to your personal
needs. You need to get a
proper work-life balance
which means less time
given to work but working
in a way that increases
your work-efficiency and
your income – in other
words more money than
you are making now but
by spending less time
than currently.
What is the secret of this
you ask. So here it is –
what you need to do to
be able to do this:
and you spend too much
time doing unproductive
work. Take on clients who
are reasonable about
work and time pressures.
Get help:
Get help if you find you
are unable to cope with
your workload. Hire
someone to do the
boring, routine work so
that you can use your
time to do the more
challenging part which
will bring in the money
Follow the 80/20
principle
– 80% of your income
must come from 20%
of your time. Work for
clients who pay more.
Sell products that bring
in greater profits. Don’t
waste time on what
produces minimal income
in spite of maximum time
and effort.
Know your worth:
Know your worth and
charge according to the
value of the work you
provide. Do not undersell
or shortchange yourself. If
the client/buyer respects
and appreciates your
work, there should not be
any objection when you
raise your fees.
Work odd hours:
– when there is less
distraction, less
interruption and when
you can work at your
peak efficiency
Avoid extra
- demanding clients:
– they work you to the
bone and are never happy
Save time:
Group and complete
similar tasks together
so that you save time
on them. See if anything
can be repackaged or
refreshed with minor
modifications. Leverage
your current offerings into
something that can earn a
higher income
Stop offering freebies
– charge for whatever
you provide and charge
what you are worth. Use
your unique skills to bring
value to the client but
ensure that you are being
paid for your services
Manage your time better:
Finally, manage your time
better, more efficiently
so that you are more
productive and can earn
more in less time.
Successful people
work smart and have
time for pursuing
their personal
interests. It makes
it easy for them to
focus on their work
and hence increase
productivity which
in turn helps them
finish in less time. If
you want to join the
ranks of the wealthy,
then start working
smart and soon you
will find yourself with
more money in your
hands and more
time to devote to
your family and your
own interests.
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