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Manage Your Time Like You Manage Your Money, Then You Can Work Much More Productively

Manage Your Time Like You Manage Your Money, Then You Can Work Much More Productively

When it comes to time management most of us try to be efficient by getting tasks done quickly or focusing on the short-term benefits. Everyone has 24 hours in their day but how well do we utilise these hours? A better way of engaging our time management effectively is to look to the long-term rather than what we can achieve in the short-term.

Budget control is all about saving our money now in order to invest and assist us in the long-term. To utilise our time, and learn how to be more productive, we need to apply this concept to our time management and create a better and more efficient way to invest our hours so that we reap the benefits later on.

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Time Assets vs Time Debts

James Clear describes the concepts of time assets and time debts. Just like assets and debts are applied to our finances, they can be applied to the way we manage our time to increase or decrease our ability to prioritise skills, create time and our overall productivity.

Time assets are the actions we take that impact our time positively in the future – in other words, the choices we make today that will save us time further down the line. Setting up automation systems to send reminders or publish blog posts is an example of investing time now to save time later on. Putting extra time and effort into covering all bases in an instruction document will save you annoyances and time explaining things down the line when your employees don’t fully understand it.

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Time debts are the actions we do that will rob us of time in the future, much like a financial debt. A common example of this are emails. For each email we send out, we assume that we will receive an email back at some point that will need answering. Therefore, the more emails we spend sending out, the more time we are taking away from ourselves in the future. It seems productive at the time because we feel accomplished for emptying our inbox, but we don’t think about the inbox filling up again the next day.

Make sure the tasks you do today are saving you time in the long-run. Don’t just think in terms of what you need to complete in the coming work day and ticking off your to-do list because that will eventually become never ending and repetitive. It may feel like you’re being productive, but you’re not necessarily investing in that pot of free time you’ll acquire later.

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How To Be More Productive Using Time Assets

There are many ways you can subtly implement time assets into your daily work life. Sit down and think of ways you can streamline your daily tasks. Are there ways you could do them differently?

  • Set up automation systems that send out emails, updates, blog posts, articles.
  • Set up scheduling systems that take out a lot of the back and forth dealings with colleagues and clients.
  • Make use of money tracking apps such as EasyCost to translate your work tasks into monetary terms so as to decide what you plan to do will lead to time debts or not.

At the end of the day, we all want to learn how to be more productive and so we must think of time assets as a system that takes away unnecessary work and works for us as an invisible assistant. If you constantly fill your day with time debts then no matter how productive you are or how hard you work, it’ll be the same every day.

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So when it comes to your 24 hours, be smart and use those time assets to create more time, productivity and efficiency in your work life!

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Jenny Marchal

A passionate writer who loves sharing about positive psychology.

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Last Updated on July 3, 2020

6 Things To Do Every Day To Ensure You Stick To Your Goals

6 Things To Do Every Day To Ensure You Stick To Your Goals

Sticking to your goals can sometimes be challenging. We all want better health, better careers, and better jobs, and we want to cast an impression on everyone that we are living fulfilled lives.

Yet to reach our goals and make every minute of our time count requires commitment, consistency, and hard work. Setting goals is one thing, but sticking to them is another. We have to observe certain daily practices if we want to get the best out of ourselves.

Here are 6 things that you have to ensure daily to reach your goals.

1. Involve Others

You have to be accountable for the actions you are committing yourself to. Involve everyone around you, get them engaged, and talk to them on how they can help you accomplish your goals.

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When you involve others you feel, you have a responsibility towards them as well as yourself. Every day, make sure you are accountable for sticking to your goals. By joining groups or engaging others, you have more motivation to reach your goals.

For example, if you want to read more, try joining a book club. If you want to be a better entrepreneur, join an entrepreneurial organization.

2. Visualize the Rewards

Reaching a goal can be challenging and sometimes, it can be overwhelming. When the journey becomes tough and difficult, try to stick to visualizing your successes every day.

Wake up to visualize what rewards you will get from sticking to meeting your goals. If you want to lose some pounds, visualize yourself already underweight and benefiting from being underweight. The mind has a way of channeling your body and intentions to sticking to your goals and reaching them.

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3. Break Down Your Goals

Try to break down your goals into tiny chunks. The smaller the size of the goals, the more willing and prepared you are to meet them.

For example, if you find it difficult to get out of the house and take a workout at the gym, why not try to break the goal into making sure you are always dressed for the gym daily? By doing this, you demonstrate that you are moving in the right direction, and you can keep this momentum so you can meet the larger goal.

4. Reward Yourself

For every progress you make daily towards reaching your goals, try to vindicate and reward yourself. By doing this you appreciate yourself and the hard work you have put in for the day.

When you reward yourself, you program yourself to benefit from a larger reward in the future. You also propel yourself to gain daily rewards, which can be enticing and motivating. Rewarding yourself serves as a form of positive reinforcement that reinforces your mind and behavior to stick to your goals and stay motivated.

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5. Measure Your Progress

It is easy to become frustrated when you are not getting instant results. Change can be slow and rewards are not always immediate. Still, progress can be measured even in tiny bits, so take time to look back at where you are coming from.

You don’t have to feel depressed about not making that major progress in an instant. But when you journal or snap pictures to document your progress, no matter how small, you will feel grateful and elated to see what difference you have made from where you are coming from up until now.

6. Believe in the Possibilities

If you don’t even believe in the possibility of reaching your goals, how can you expect yourself to stick to your goals in the first place?

By believing in the possibilities of accomplishing a goal or task, you increase your chance of reaching it and eradicating whatever roadblocks or challenges you may face. Believe in what you can achieve.

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What self-belief has over self-control is that while self-control can be depleted but self-belief cannot. We all have an enormous reservoir of how much we can believe in ourselves.

With believing in ourselves comes perseverance, determination, and desire to reaching our goals. Every day, understand that what you need to keep going is your belief toward achieving your goals. Your goals are reachable if you think you can reach them!

Final Words

Due to circumstances in life, people tend to abandon some of their goals in life. You may also feel this way sometimes. In that case, just come back to this article and remember the 6 ways you can help yourself stick to your goals.

People don’t always reach their goals, but you will never know if you can reach them if you don’t stick to them in the first place. As long as you stick to your goals, there will always be the possibility of you achieving them!

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Featured photo credit: Kelly Sikkema via unsplash.com

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