Maricor Bunal
With all the things that wealthy people have to do– invest, research, earn, save as well as spend their money– it’s easy to wonder, “how do they find the time to do all these things?” It’s even more mind-boggling when these people still find the time to relax and be with their families despite seemingly tremendous amounts of work they have to put in in order to maintain their financial status.
You might be wondering this yourself, especially if you’ve had to dedicate huge amounts of time and effort only to have very little added to your monthly income. The answer is actually not that difficult to figure out, although it may be a little more difficult to put it into practice.
Here’s how most wealthy and successful people are able to spend their time wisely:
- They plan. Most successful people write down ahead of time what they need to do and are able to prioritize more important tasks because of this. They also set their goals and visualize them, so they are focused on them and are prepared for whatever challenges they may have to face.
- They wake up early. You’ve probably heard this once or twice before: successful people are early risers. How does waking up at 5 AM contribute to success? Because they are up earlier than most, successful people are able to start their days ahead of everyone else and are able to find more time for the things they have to do within the day. Waking up early not only makes them more productive, it also makes them more proactive. An early and active start to the day triggers a burst of energy and activity that doesn’t wane and sputter like those of slow and late starts.
- They keep busy. The wealthiest people are rarely idle. Every hour of their day is often spent to the fullest. This doesn’t mean that they work all day however. It means that they make each hour meaningful and productive. Their “free time” would consist not of idling, watching TV and looking through social media; but more exercising, meditating and reading for self-improvement.
- They automate. Thanks to advancements in technology, plenty of personal finance tasks can be automated. Successful people know that it is wise to take advantage of these advancements. They automate payments and savings by setting up fund transfers which automatically make payments and add to their investment accounts on a regular basis. This not only saves them time but also ensures that they don’t procrastinate on payments and end up growing them; and that they are able to add to their investment accounts regularly.
- They delegate. When there’s too much on your plate at one time, it’s often wiser to hand off those menial tasks to someone else. By delegating those small yet necessary tasks to others, successful people are able to focus on the more important tasks that have a bigger, more direct impact on their bottom line.
In order to become rich and successful, one needs to invest not only money but time and effort as well. Make the most of your time by spending it like the successful people do, and you could eventually become one of those successful individuals.
