How much extra time do you have right now? Probably not much.
When we think of New Years, we picture a new start, the beginning of a better way of living and a time for change. We promise ourselves we’re going to get healthier, work less, have more fun and most importantly, start a bunch of new habits — and we slowly realize it’s too much and jump back into the old ruts.
The problem is that we are thinking about more. We keep adding a few more drops of water to a cup that’s already full and wonder why the water keeps pouring onto the table. It’s the American way of thinking: more, more, more.
I challenge you this year not to come up with more things to do, but rather make a list of things you won’t do anymore. If you want more time to learn about investing, get in better shape and have more fun, then you need to first stop doing other things so you have the time to focus on more important things.
Warren Buffett once said:
“The difference between successful and very successful people is that very successful people say ‘no’ to almost everything.”
The reason so few people become successful is because they focus on more instead of less. The richest people in the world have the same amount of time in the day as everyone else — yet they find a way to accomplish so much more. It’s not because they add too many things to their to-do list. It’s because they focus on removing things to create the space to focus on the things that matter most. If you don’t start by making space in your day for creating future success, you’ll fall back on the old habits.
Here are some ideas of things we can remove from our lives.
How I Bought, Rehabbed, Rented, Refinanced, and Repeated for 14 Rental Properties
This is the dream right? Going from zero to 10+ rental properties, providing stable cash flow and long-term wealth for you and your family, and building a scalable business model to boot! Learn how this investor did just that, in this exclusive story featured on BiggerPockets!
Americans watch on average 2.8 hours of television a day. If we took even an hour of that time and spent it on learning about real estate, how far ahead would we be as investors? What if we listened to real estate audio books/podcasts while working out or driving to work? Every hour we spend learning about investing will add up to thousands of dollars in the future.
Working Too Hard
If you spend all of your energy at work, you won’t have any left for yourself and your future. Should we work as hard as we do and give everything to our jobs or work less hard and keep some energy for ourselves and our future planning?
I used to spend hours on Facebook reading memes, advertisements and what my “friends” I barely knew were up to. Just a few months ago, I shut down my account to see if I could gain back some time (don’t worry; you can always reactivate Facebook by signing in again). Guess what? Life went on, and I was able to work more on investing, learning more and having more time for activities that make me happy. Besides, when you’re happy, less stressed and have more time, you can accomplish a lot more.
Saying “no” is what we should focus on first. If you make the time to be creative, to learn how to be better at investing (or just life in general), everything else will fall into place.
What are YOU resolving to say “no” to this year?
Let me know with a comment!