Get Smart!: How to Think and Act Like the Most Successful and Highest-Paid People in Every Field
Download 0.86 Mb. View original pdf
|
- Navigate this page:
- Keep Learning and Growing
| Use Your Time Well Millionaires are highly productive and use their time well. They plan everyday in advance. They set clear priorities on their time. They focus and concentrate on the most valuable use of their time every minute and every hour. Poor people throw themselves at their work, without detailed planning, and end up wasting an enormous amount of time, becoming tired and discouraged long before they achieve success. One of the most valuable skills you can learn is to calculate your desired hourly rate, or income. Divide the number 2,000, the average number of hours successful people work in a year, into your desired annual income. If your goal is to earn $100,000 per year, divided by 2,000 hours, this equals per hour. From then on, every minute and hour of everyday, you ask yourself if what you are doing is paying you your desired hourly rate or more. If it isn’t, you immediately stop doing it. You delegate, outsource, or eliminate that task. You absolutely refuse to do anything that does not pay you the kind of money that you have decided to earn. Just Say No As Nancy Reagan said, in advising teenagers about drug use, Just say no!” Just say no to anything that is not the highest and best use of your time, to anything that does not pay you the kind of money that you want to earn. When Warren Buffett was recently asked the secret of his success, he replied immediately, I just say no to everything.” John Doerr, the multibillionaire venture capitalist from Silicon Valley, has a complete staff whose job is to do everything except for the few things that only he can do that are responsible for generating tens of millions of dollars for the firm. He says no to everything else. Keep Learning and Growing Millionaires are always learning new ideas. They read, learn, and listen two to three hours a day. They subscribe to summaries of business books and articles, both written and audio. They know that one key idea, combined with their existing knowledge, can change the future of their business and maybe even earn them a fortune. They are convinced that the right idea exists somewhere, and they are constantly seeking it from every source possible. Download 0.86 Mb. Share with your friends:
|