The 1 Reason Quitting Is A Key To Success
What one trait do the mega successful people like Warren Buffet, Richard Branson, Martha Stewart, Tony Robbins, share? They know what to quit.
You will not see any of these successful people vacuuming the floors in their home, washing their cars or cleaning their bathroom toilets. Why not? Their time is too valuable, and knowing this, they waste little time doing mundane tasks. Chores than the average person perform everyday.
Do You Value Your Time?
You should. Start by establish a baseline. Calculate your hourly rate of pay? Depending upon your state, minimum wages range from $7.25/HR to $13.50/HR. For menial jobs that’s the going rate of pay, you need pay someone to do the tasks that are not important. Essentially you are purchasing free time.
Based on your hourly rate, can you hire someone to do the mundane tasks in your life? If so, and this costs less than it if you paid yourself to do the task then your are in a position to leverage your time. You may want to work at your higher income level to keep a positive cash flow and maintain your standard of living.
Leveraging your time is not always about making more money. It can be about freeing your time to rest, ot to pursue an interest or hobby.
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, or cutting the grass, you should continue doing.
On the other hand, if an activity is a task, then it’s one that you can think about outsourcing.
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, because to that person, it's not a task, it’s something they love to do. The money I pay, may be used to pay someone else to do a task he regrets like mowing the grass.
Remember, it’s not always necessary to pay people, you may be able to barter for their time. It depends on the situation.
Don’t Major In the Minors
If there is one key to optimizing your leveraged time is 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 completed that smaller task, you’ll jump onto the larger more important task. The problem is those smaller, easier, less important tasks, multiply faster than you can complete them. So by focusing on the minors you never get to 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.