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Last Updated on June 20, 2018

How Top Performers Never Let a Second Go to Waste

How Top Performers Never Let a Second Go to Waste

Every person on the planet is allotted the same 1440 minutes each day; it’s how we choose to use them that makes all the difference. Unfortunately, efficient time management can sometimes be a challenge. To help you make the most of the time you’ve been given, check out these 14 simple yet effective time management tips.

1. Tackle the Most Important Tasks First

This is calling Eating That Frog! Start every day by tackling your largest, scariest task first. When you do that, everything else will be simple.

I outline a system for prioritizing tasks called the ABCDE Method. In this method, A tasks always come before B tasks and B tasks before C tasks. D tasks are delegated and E tasks are eliminated entirely. By sticking to this method, you can ensure that you are always tackling the most important things first and using your time as wisely as possible.

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2. Make a To-Do List

To-do lists have a way of helping people organize their tasks. They also create a physical embodiment of the tasks’ existence, reminding you that they need to be done and providing you incentive to start checking items off. Be sure to use multiple lists to stay organized. I wrote an article about the 4 types of to-do lists to demonstrate the range of lists that can be useful for achieving all your goals.

3. Divide and Conquer

If you have a major task to get done, try to divide it up into a bunch of smaller tasks. This collection of smaller tasks will seem much less intimidating than the task seems when viewed as the whole.

4. Get the Momentum Going

Once you’ve divided your large task up into a bunch of smaller tasks, choose the smallest one in the bunch and knock it out. Getting started is often the hardest part of accomplishing something. Once you’ve got the ball rolling by finishing just one, small task, though, pushing forward will be much easier.

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5. Start with the Unpleasant

If you’re staring down the barrel of an especially unpleasant task, it’s best to get it over with and get it done. Often times, worrying about your most difficult task will take up more energy than doing it. Avoid this waste of mental energy by getting your most unpleasant task out of the way first.

6. Focus on the Negative

Fear is an excellent motivator, and, if your tasks are important, not completing them is sure to come with some negative consequences. While you don’t want to focus on these consequences so much that you allow them to work you into a worried frenzy, a little bit concern can be great for crushing procrastination.

7. Come Prepared

When you set about a task, make sure you come fully prepared with everything you need to complete it. Not only will coming prepared keep you from having to trace back and forth getting items, being prepared is a great motivator in and of itself.

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8. Take Time to Relax

A little bit of relaxation is crucial for maintaining a positive, motivated mindset. If you work constantly without taking the time to rest and gather your thoughts, you’ll quickly burn out and be unable to efficiently accomplish your tasks no matter how hard you try. My personal recommendation for relaxation time is meditation, but do whatever you find the most refreshing and peaceful.

9. Adopt a Sense of Urgency

It’s not enough to work hard – you need to work fast. Working fast is the best way to make the most of your time and accomplish as much as you can in the time you have available. Find a speed at which the quality of your work is still high and develop the sense of urgency necessary for you to maintain that speed.

10. Reward Yourself

Each time you complete a task (or a significant portion of a task) reward yourself. It doesn’t have to be anything major; step outside and stretch, get a cookie from the cabinet, check your phone, or substitute any other short yet pleasant activity that you might enjoy. So long as your rewards don’t start taking up too much of your time, they can be a powerful way to motivate you to start checking items off your to-do list.

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11. Work Smarter, Not Harder

Before you dive into a task head first, take a step back and analyze the best way to go about it. Often times, a few minutes of advanced preparation will end up saving you hours of inefficient work.

12. Delegate

The best leaders know how to properly delegate tasks. If there is work that you can afford to outsource or delegate to someone else, do it. This way, you can ensure your efforts are always focused on the tasks that are most important for you yourself to handle.

13. Eliminate the Nonessential

Some tasks don’t really belong on your to-do list. If it’s not really important that they are done and you’re pressed for time, strike them out and don’t worry about them. They’ll only distract you from your other, more essential tasks.

14. Lock the Door

Distractions are the fuel of procrastination. Sometimes, the only way to completely defeat procrastination is to lock yourself in a room and avoid all distractions. Put your phone in another room, pull the shades, and get to work until the task is finished.

Top Performers Make Every Second Count

Time is everyone’s most valuable resource and how you spend it determines how much you can accomplish in life. In order to spend your time most effectively, you must learn the right time management skills for your personality and responsibilities. The proper amounts of focus, prioritization, preparation, delegation, relaxation, and strategy are essential to maintaining a balanced approach to a productive lifestyle. When it comes down to it, time management tips such as these are among the most valuable life hacks I have ever put to use.

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Brian Tracy

CEO of Brian Tracy International

How Top Performers Never Let a Second Go to Waste

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Last Updated on June 22, 2018

How to Nix Your Credit Card Debt in Less Than 3 Years

How to Nix Your Credit Card Debt in Less Than 3 Years

Debt is never a fun thing to be in. But, there are many actions that you can take that will help you rid yourself of the burden of debt once and for all.

By coming up with a set plan, eliminating your debt can feel much easier than constantly thinking about it.

This post will provide some tips on how you can do this to help you nix your credit card debt in less than 3 years.

Hint: there are ways that are easier than you think.

1. Consider consolidating multiple credit cards if possible

This may not be applicable to you, but if you have multiple cards – it is something to consider. Keeping up with multiple bills is time consuming.

It will depend on the balance you have on each. Consolidate ones you can but do not do it to the point that you get too close to the maximum limit. Also, it is ideal to pick the card with the lower interest rate.

Consider if there are any fees or alternatively, rewards, with transferring a balance to another card. Watch out for fees. Note that some cards offer rewards for transferring a balance to them. This is extra cash that can help go towards paying off your debt.

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Having one or two cards can make nixing your debt much simpler than keeping up with the balance of a bunch of cards. Keeping track of paying the minimum towards a bunch of cards is time consuming. Spend the time to consolidate instead to make the overall process simpler going forward.

My tip: Have one main credit card. Have a second one that you use for necessities – such as groceries or gas – that offers rewards for those purchases (a lot of cards do) and set the second one on auto-pay. You should be able to pay off a smaller amount on auto-pay if it is a necessity. If you think you cannot, then you may need to cut down a lot on expenses.

Why do I suggest doing this? Having one thing set to auto-pay is one less thing to think about. One less thing to waste time on. Same idea with consolidating to one main card. Tracking down too many is a hassle.

2. Try to pay the full balance you spent each month at the very least

You need to pay off the amount you are spending each month when that bill comes in. This is the amount you spent THAT month.

Do not let the debt keep accruing while you work on paying any unpaid debt that has accrued. It will become a never-ending battle. Try as best as you can to be current on paying for each month’s expenses when that month’s bill comes out.

If this is a strain, consider why. You may need to cut expenses. Or you may need to consider other cards. Or look at where this money is going.

3. Pay extra when you can – every small amount counts

This cannot be emphasized enough. If you are looking at a lot of credit card debt, it can look daunting, but each extra amount that you can put towards the debt will really add up – no matter how small it is.

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It does not just reduce the principal amount that you have left to pay off, but it reduces the amount that is collecting interest. You will always save money with that reduced interest.

4. Create a plan on how to pay extra

Back to the main point, having this plan is giving you one less thing to think about.

This plan should be a plan that works for you. If it does not work for you, your spending habits, and your views on debt, then it will not be an effective plan.

For instance, if a set plan of an extra $50 (or another amount that you know you can afford) works for you, then do that. Set that aside every month and pay that extra amount. Treat it like a bill. Choose an amount that works for you and pay it like clockwork as though it was a bill you had to pay each month.

Little amounts will not nix it entirely, but they will help tackle it and having a set plan can make it less of a chore. Creating a new plan of how much to put towards it each month is an unnecessary added stress.

5. Cut out costs for services you do not use

If you are signed up for subscriptions that you do not use because of some free trial or for some other reason, cut it out. Your overall financial position will look better.

In turn, that will make cutting your credit card debt easier. Look at your statements to find these expenses. If you do not use them, you may forget you are paying some unnecessary amount each month. Cutting it out can really add up in savings that you can put towards other needed expenses.

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6. Get aggressive about it

Consider these points:

Depending on the interest and the level of debt, you may need to give up a few indulgences. For example, instead of ordering delivery or going out to eat, cook at home. Everything adds up.

Other things may be more of a sacrifice. It may be a trip you wanted to go on, or a daily latte habit you’ve picked up. In these instances, consider how important it is to you and if it’s worth the sacrifice. And if it is a costly expense, think whether you can wait to indulge.

Cutting an extravagant expense can really help make a dent in your overall debt. Try not to add to debt when you are trying to pay it off. It will be a never-ending battle. Make it less of a battle with these tips and it will feel easier.

Bottom line: Do what you can to make this process easier for you. Implement steps that do this. It takes time now, but will help overall. Also, keep track of your spending and paying down of your debts. Which is the next point.

7. Reevaluate your progress at set intervals

Doing a regular check-in can help you see your efforts pay off or maybe indicate that you need to give this a bit more effort. If you check every 3-6 months, it will not feel so much like a chore or feel so daunting.

By doing this, you will be able to better understand your progress and perhaps readjust your plan. Bonus: if you see it pay off, it will feel great to do this check-in. You will get there.

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Finally (and most importantly)…

8. Keep trying

Do not get discouraged. Pushing it off will make it worse. Just keep trying.

Once your debt becomes lower, each monthly payment will reduce the balance more. Why? You are paying less towards interest. It will be a snowball effect eventually and it will become much easier to manage. Just get to that point. And know once you do, it will feel easier and motivating.

Start knocking out your debt today

The best way to eliminate debt is to get started right away. Begin by implementing the above steps and watch your debt just melt away. Try out some of the above strategies and see what works best for you. Soon you’ll be on your way to a debt free life.

Featured photo credit: Pexels via pexels.com

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