Use Your Time E

SNM146: Using Your Time Effectively

There is no resource more precious than time.  It is more precious than gold or diamonds.  There is nothing worse than working on a project only to realize that you made a horrible mistake.  Never waste another moment…

Long Term is Too Long

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We put these massive goals in front of us that will take years to reach.

So many startups begin a project that will revolutionize the world.

But it won’t make a penny for six years.

The timeline is so long that most of these companies fold like a cheap suit.

It’s fine to have long term projects, but you also need to make money in the short term.

Don’t depend on your war chest to stay full forever.

Some Projects will Fail

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I wish that I had the Midas touch, but nobody does.

Banking on a single, long-term project is the same as going all in when you play poker.

You risk everything on a single bet.

When you win, you win big.  But when you fail the house takes your shirt.

When you lose a hand at poker, it only takes a few minutes.

But losing months or years of your life on top of that is devastating.

Diversify Your Risk

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Mix up projects that will make you fast money with those that will take a long time.

Work on a job that pays the bills this month and THEN work on your long-term passion project.

You don’t have to give up your dreams and you also don’t have to risk losing your home.

Show Notes:

shownotes600

Key Points:

  1. Break big goals into smaller goals
  2. Mix up different types of projects
  3. Diversify your income streams

Resources Mentioned:

20K a Day

Kindle Book Description Generator

Breaking Orbit

Serve No Master on Amazon

PROCRASTINATION

Most other links can be found in my TOOLBOX

servenomastertoolbox

Send in your questions to podcast [at] servenomaster [dot] com

Sponsor:

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