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Warren Buffett Revealing His Secret To Becoming Wealthy And Successful

Warren Buffett Revealing His Secret To Becoming Wealthy And Successful

Lots of people aspire to do plenty of things at the same time, from getting a well-paid job, to traveling around the world, becoming an amateur singer, and having their own a cafe, etc.; but the sad truth is, those who want to achieve a lot of things end up achieving nothing.

Why is that?

The ones who succeed, are those who have ONE very clear goal:

I want to change the world with technology. Period.

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I want to be a world-class actor. Period.

I want to improve the lives of children in developing countries. Period.

Our brains become paralyzed when we multitask.

Science supports this.

In one experiment people were shown images of letters and numbers at the same time.[1] One group was instructed what to focus on while anothe r group was not. When the group was told to focus on numbers, they would be asked if the digits were even or odd. When they were told to focus on letters, they need to answer if they were vowels or consonants.

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It turned out the group with focus performed much better. The group with no focus was simply distracted too much and had a hard time making the judgment and decision easily.

Too many life goals = no goal at all

The same applies to our life goals.

The fewer goals we have, the better we can direct our energy and attention to them, and the closer we get to success. To become an expert of anything, we need to be selective with our time and wisely spend the time on what matters most.

Yet when we have too many goals, we don’t know what to pay attention to and things will get messed up easily.

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If you aren’t sure how to invest your time and energy wisely to achieve success, let’s take Warren Buffett’s advice.

Warren Buffett’s ‘20-Slot Rule’ teaches us the smartest investment for life.

When Warren Buffett lectured in a business school, his advice for ultimate financial welfare was to assume you only have 20 slots. That means you can only have 20 investments in your whole life.

When you know the number is limited, would you rather invest in each slot independently, or make your investment in the slots benefiting each other? Obviously, it would be a lot more worth it to accumulate the investments which can benefit the upcoming ones.

This doesn’t apply to only financial investments, but your life goals too.

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Imagine having only 20 must-do items for your life, what’d they be?

Try to think about the 20 most important things you want to achieve in life, and review if each of them are interrelated (at least in some way). If not, what should be removed? What should be kept? And what should be added back instead?

When you’ve fixed your 20 most important slots, you’ll be much clearer about what you want and how much to invest in them. This approach is effective in helping you to eliminate goals that are seemingly great but indeed are bad for your future.

Don’t be greedy. Remember, the more focused you are, the more successful you’ll become.

Reference

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Chloe Chong

Chloe is a social media expert and shares lifestyle tips on Lifehack.

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Last Updated on September 18, 2019

15 Best Organizing Tips For Office Organization and Getting More Done

15 Best Organizing Tips For Office Organization and Getting More Done

You may think that you don’t have time for office organization, but if you really knew how much time that disorganization cost you, you’d reconsider.

Rearranging and moving piles occasionally doesn’t count. Neither does clearing off your desk, if you swipe the mess into a bin, or a desk drawer.

A relatively neat and orderly office space clears the way for higher productivity and less wasted time.

Organizing your office doesn’t have to take days, it can be done a little at a time. In fact, maintaining an organized office is much more effective if you treat it like an on-going project, instead of a massive assault.

So, if you’re ready to get started, the following organizing tips will help you transform your office into an efficient workspace.

1. Purge Your Office

De-clutter, empty, shred, get rid of everything that you don’t need or want. Look around. What haven’t you used in a while?

Take one area at a time. If it doesn’t work, send it out for repair or toss it. If you haven’t used it in months and can’t think of when you’ll actually need it, out it goes. This goes for furniture, equipment, supplies, etc.

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Don’t forget about knick-knacks, plants (real or artificial), and decorations – if they’re covered with dust and make your office look shabby, they’re fair game.

2. Gather and Redistribute

Gather up every item that isn’t where it belongs and put it where it does.

3. Establish Work “Zones”

Decide what type of activity happens in each area of your office. You’ll probably have a main workspace (most likely your desk,) a reference area (filing cabinet, shelves, binders,) and a supply area (closet, shelves or drawers.)

Place the appropriate equipment and supplies are located in the proper area as much as possible.

4. Close Proximity

Position the equipment and supplies that you use most within reach. Things that you rarely use can be stored or put away.

5. Get a Good Labeler

Choose a label maker that’s simple to use. Take the time to label shelves, bins, baskets drawers. Not only will it remind you where things go, but it will also help others who may have a need to find, use, or put away anything in your workspace.

6. Revise Your Filing System

As we move fully into the digital age, the need to store paper files has decreased.

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What can your store digitally? Are you duplicating files? You may be able to eliminate some of the files and folders you’ve used in the past. If you’re storing files on your computer, make sure you are doing regular back-ups.

Here’re some storage ideas for creating a smooth filing system:

  • Create a meeting folder – Put all “items to be discussed” in there along with items that need to be handed off, reports that need to be given, etc. It’ll help you be prepared for meetings and save you stress in the even that a meeting is moved up.
  • Create a WOR folder – So much of our messy papers are things that are on hold until someone else responds or acts. Corral them in a WOR (Waiting on Response) folder. Check it every few days for outstanding actions you may need to follow-up on.
  • Storage boxes – Use inexpensive storage boxes to keep archived files and get them out of your current file space.
  • Magazine boxes – Use magazine boxes or binders to store magazines and catalogs you really want to store. Please make sure you really need them for reference or research, otherwise recycle them, or give away.
  • Reading folder – Designate a file for print articles and documents you want to read that aren’t urgent.
  • Archive files – When a project is complete, put all of the materials together and file them away. Keep your “working folders” for projects in progress.
  • File weekly – Don’t let your filing pile up. Put your papers in a “To File” folder and file everything once a week.

Learn more tips on organizing your files here: How to Organize Your Files for Better Productivity

7. Clear off Your Desk

Remove everything, clean it thoroughly and put back only those items that are essential for daily use.

If you have difficulty declutter stuff, this Declutter Formula will help you throw away stuff without regretting later.

8. Organize your Desktop

Now that you’ve streamlined your desktop, it’s a good idea to organize it.

Use desktop organizers or containers to organize the items on your desk. Use trays for papers, containers for smaller items.

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Don’t forget your computer desktop! Make sure the files or images are all in organized folders. I’d recommend you clear your computer desktop everyday before you leave work.

9. Organize Your Drawers

Put items used together in the same drawer space, stamps with envelopes, sticky pads with notepads, etc.

Use drawer organizers for little items – paper clips, tacks, etc. Use a separate drawer for personal items.

10. Separate Inboxes

If you work regularly with other people, create a folder, tray, or inbox for each.

11. Clear Your Piles

Hopefully with your new organized office, you won’t create piles of paper anymore, but you still have to sort through the old ones.

Go through the pile (a little at a time if necessary) and put it in the appropriate place or dump it.

12. Sort Mails

Don’t just stick mail in a pile to be sorted or rifle through and take out the pieces you need right now. Sort it as soon as you get it – To act, To read, To file, To delegate or hand off. .

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13. Assign Discard Dates

You don’t need to keep every piece of paper indefinitely. Mark on files or documents when they can be tossed or shredded.

Some legal or financial documents must be kept for specified length of time. Make sure you know what those requirements are.

14. Filter Your Emails

Some emails are important to read, others are just not that important.

When you use the filter system to label different types of emails, you know their priority and which to reply first.

Take a look at these tips to achieve inbox zero: The Ultimate Way to get to Inbox Zero

15. Straighten Your Desk

At the end of the day, do a quick straighten, so you have a clean start the next day.

Bottom Line

Use one tip or try them all. The amount of effort you put into creating and maintaining an efficient work area will pay off in a big way.

Instead of spending time looking for things and shuffling piles, you’ll be able to spend your time…well…working and you’ll enjoy being clutter free!

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Featured photo credit: Alesia Kazantceva via unsplash.com

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