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Are you looking to increase your income? Well, in today's contributed post, you'll learn the two best secrets to making more money today. Let us know your thoughts!
There are two secrets to making money that everybody can embrace to improve their financial lives. The first is to focus on creating more value and the second is to be more productive with your time.
Everybody on this planet has the same 24 hours each day, yet how we utilize these hours varies dramatically and when it comes to our earning potential a lot of it comes down to how we spend each hour of our day.
Whilst some people buy a lottery ticket each week or consider gambling on a personal injury attorney, hoping for a big payout - the most reliable way to approach making more money is to create more value and squeeze the most from your time.
People are compensated based on the value they create for a third party - whether that party is a person or organization in the form of a client or customer, or an employer, people get paid according to the value they provide.
The value of an activity such as being an attorney is clearly a lot higher than the value of an activity such as cleaning; as the attorney is creating more value to the person receiving their service than the person receiving the service of the cleaner.
In simple terms, if you want to earn more, you need to create more value in respect of the end you are provide; as the more value you provide the more money you will earn.
You can be the most intelligent person in the world but if you can’t get things done, in a tangible form, you’re always going to struggle to optimise your earning potential. The highest paid people are those that deliver tangible outputs of significant value.
There are a number of productivity tips to help you become more productive; here are three that are applicable to almost all people.
There are several apps that utilize a time management principle known as the Pomodoro technique whereby a person works for 25 minutes then has a 5 minute break. In many ways, this is similar to physical training in the sense that you can’t just keep on going for hours and hours - you have to have a break in order to maximize your performance.
We often spread ourselves out too thinly across multiple projects. This approach leads to us running around, chasing our tail, and not really finishing anything. A shotgun is made several fragments that spread out, meaning, there’s a strong chance some of those fragments will hit the target, but not with much impact. A pistol, on the other hand, is a single bullet that is being driven toward its target with full force.
In order to squeeze the most out of your time, you want to develop a pistol focus where you focus on one task until it’s completed, rather than allowing yourself to be scattered and pulled in multiple directions like the shotgun shell.
Your environment has a huge impact on your productivity, as it heavily influences your ability to focus, be creative and feel organised. Many people find themselves working on the go, perhaps in a cafe or train carriage and for some people this is their most productive space yet for many they need a place that is distraction free in order to focus.