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Part Time Money Making

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In the kickoff session to my leadership development engagements, I ask participants to identify five goals, either personal or professional, that they want to accomplish in the next twelve months. Then I ask them to identify the key obstacles that stand in the way of achieving the goals. Invariably, time and money will be at the top of list of obstacles.

In reality, these are not usually the real obstacle. Very few things we want to accomplish require all of our time or all of our financial resources. The real obstacle is proper allocation of time and money. It really comes down to choices that we have total control I making.

When we look at allocating time and money, there are three simple choices. We can spend them, we can invest them, or we can give them away. Finding the proper balance between the three choices is essential to achieving goals that we want to accomplish.

When we spend a resource, we are exchanging the resource for something we perceive we need or want. We spend money on essentials such as food and shelter. We also spend money on luxuries that go beyond our basic needs. Likewise, we spend time on what we perceive are essentials of life. We also spend our time on luxuries as well. The more we spend our time and money, the less we have for the other two uses.

When we invest we are giving up some of the resource now in the expectation that there will be more of the resource in the future. We put money in investments with the hope that the future value will be greater. In order to have money to invest, we have to forego short term spending in order to have more to spend at a later time.

Likewise, we can invest time. For example, we can invest time in learning a new skill that will make us more efficient in the long term. We can invest time in planning now so that we can accomplish the task in a shorter amount of time. Many of the goals that we want to achieve require an investment of our time and money now in order to get what we want in the future. Most significant accomplishments require near term sacrifices.

The final use of our resources is giving. When we give, we surrender the resource without an expectation of receiving anything tangible in return. When we volunteer our time to serve others or when we make a financial donation to a charitable cause, we are giving. Having the resources to give creates fulfillment in life. John Wesley, an English preacher and founder of Methodism said “make all you can, save all you can, give all you can”. The more we invest our time and money in things that create value, the more of that resource we create, and the more we will have to give to others.

The best way to have more time and money to give and spend is to invest what you already have wisely. Making difficult choices to forego near term gratification through spending, and in finding ways to invest for the future is the best way to achieve long term happiness and success.

Part Time Money Making

Time is money. That's an old saying and a truism. Have you ever looked at successful people? Notice how truly successful people always seem to have time to:

Take vacations

Play golf

Go sailing

Exercise

Make a lot of money

Enjoy their life

It is no accident. They have simply learned how to manage their time. They are no different from you; you can do it too.

Do you look at them with envy? Well no more. Learn to manage your time; start making more money and enjoying your life. Learn how to have time to take pleasure in every area of your life.

"In order to go beyond where you've ever been, you;'ll need to change what you do with time."

Time management is an art form You are not born with organized or disorganized genes. How you manage your time is a learned skill. Sloppy skills keep you running in circles and frustrated. Efficient skills let you live life on your terms.

Learn to master the clock rather than the other way round.

You'll need to:

Set priorities

Place a value on each type of activity

Find the most beneficial ways to spend your time

Reaching your goals or not reaching your goals is a direct result of how you invest your time.

Time Management Skills Assessment:

Answer the following question's A = seldom, C = often. There is no B. You have to make a decision.

Question Answer A or C

Do you procrastinate?

Do you Attempt too much at one time?

Do you allow or invite distractions?

Do you take back what you have delegated?

Do you refuse to say No? No is a complete sentence.

Do you fake listening to others?

Do you trust your memory?

Do you worry?

Are your activities impromptu?

Do you have notes on scraps of paper?

Do you handle paper more than once?

Look for the A's. The A's are positive skills.

C answers show you areas to work on.

Do Things Differently:

Create awareness of your world by changing patterns. Do things in different order.

Make the first thing you do in the morning the second thing.

Take time for breakfast.

Park further away from entrances and walk.

Put on a different shoe first.

These things will jolt you into awareness; as you plan your daily activities you'll be more conscious of yourself in time and space.

You'll come to know your peak times; the time when you function best. You must know this to manage your time.

Six Ways to Find More Time:

1. Record TV shows. Don't let other people's schedule run your life.

2. Finish projects even if you have to lock yourself away. Enlist the help of your family and when you're done, spend quality time with them.

3. If an appointment cancels, use that time productively.

4. Schedule more than one appointment a day; That way, if someone cancels, it's an inconvenience not a catastrophe.

5. Stand up when you're on the phone. You'll talk less.

6. Learn to prospect a little every day. Do the little stuff and the big stuff will take care of itself.

People Make More Money Who:

Plan for exercise

Plan for meditation

Plan and write goals Have a daily plan

Smile a lot and make eye contact

Know how to schedule time

Plan for recreation

Plan for hobbies

Plan for self evaluation

Catagorize Activities. Learn to catagorize your activities as A B & C.

A activities are the highest priority. They are the things that bring you closer to your goal. A activities can only be done by you; they cannot be delegated.

B activities are important. They could be delegated but will require very close supervision and are probably best done by you.

C activities can and should be delegated of hired out. Successful people do not skimp on hiring help for C activities.

Find Your Peak Time When are you at your best? If possible, schedule A activities during your peak time

R F T

You will save hours with this one technique. Learn to handle each piece of paper once. Every time you shuffle paper you are wasting valuable time. When you receive any piece of paper; R F T it.

R Read it

F File it

T Throw it away

Summary "Successful people do the things that unsuccessful people won't."

Copyright (c) 2009 Wee Dilts

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About Author

Both Ryan Scholz & Wee Dilts are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

Ryan Scholz has sinced written about articles on various topics from Leadership, Team Building and Leadership. Ryan Scholz works with leaders whose success is dependent on getting commitment and high performance from others. He is author of Turning Potential into Action: Eight Principles for Creating a Highly Engaged Work Place. For more information, visit his web. Ryan Scholz's top article generates over 6600 views. to your Favourites.

Wee Dilts has sinced written about articles on various topics from Finances, self improvement and motivation and Marketing. Wee Dilts is a teacher, counselor, psychologist and trainer of meta physical and life training programs. Get your Free Self Improvement tips at

Children Going To College
Most of us parents are smart enough to know that, because children can get bored easily, we need to take along things for the kids to do and I hope you have found some of my tips useful