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Sunday, January 11, 2009

If You Want To Make More More Money...Learn To Manage Your Time


Part of being wealthy requires time management. Everyone who is successful from Benjamin Franklin to Stephen Covey tell us that time management is essential.

We discuss this somewhat in our post about the 80:20 rule or Pareto's Law. Most of us waste our time on the wrong things rather than the right ones. Hence never living to our full potential.

I love my Franklin/Covey day planner and use it religiously to prioritize tasks through out my day.

John C. Maxwell, author, speaker and leadership expert, has written more than 50 books including "The 21 Irrefutable Laws of Leadership" and "The 21 Indispensable Qualities of a Leader: Becoming the Person Others Will Want to Follow." Here he gives us his four ways to master time management.

Time is precious. Ask the coach whose team is behind in the final seconds of a game. Ask the air traffic controller in charge of scheduling takeoffs and landings at a major airport. Ask the new reporter who has just received a breaking story from the AP wire. Ask the cancer patient who has recently learns they have only two months to live.

Time management is an oxymoron. Time is beyond our control, and the clock keeps ticking regardless of how we lead our lives. priority management is the answer to maximizing the time we have. Our days are identical suit cases, all the same size, but some can pack more into them than others. No one has a magical ability to make
time, but if our lives have direction, we can make the most of moments we have been given.

Time is more valuable than money, because time is irreplaceable. "You don't really pay for things with money," says author Charles Spezzano in "What we do between Birth and Death". You pay for them with time." We exchange our time for dollars for everything we purchase and accumulate. In essence, all we possess can be traced back to an investment of time.

Following are four characteristics of people who use time wisely. The goal of the lesson is for us to understand how to maximize the precious minutes given to us each day.

1. PURPOSEFUL- People who use time wisely spend it on activities that advance their overall purpose in life. By consistently channeling time and energy toward an overarching purpose, a person most fully realize their potential.

We cannot reach peak performance without a peak purpose. Purpose enlivens all that we do. In Fact, I believe the two greatest days in a person's life are the day they are born and the day they discover why. Uncovering purpose helps to refine passion, focus efforts, and sharpen commitments. The cumulative result is to amplify the achievements of the wise steward of time.

2. COMMITTED TO VALUES- People who use time correctly underscore their values with the time they spend. By acting in accordance with their beliefs, they find fulfillment. Failure to identify values leads to a rudderless existence in which a person drifts through life, uncertain as to what they hold dear. Clarity of values is like a beacon of light, guiding the way through life's twists and turns.

3. ATTUNED TO STRENGTHS- People who use time correctly play to their strengths. By doing so, they are most effective. People don't pay for average. If your skill level is a two, don't waste substantial time trying to improve since you'll likely never grow beyond a four. However, if you're a seven in an area, hone that skill, because when you become a nine, you've reached a rare level of expertise. As Jim Sundberg says, "Discover your uniqueness;then discipline yourself to develop it. "You are blessed with a unique set of skills and talents. Find them, refine them, and let them carry you toward success.

I have identified four main strengths in my life. I lead well, create, communicate, and network. That's it. I stick with those strengths and avoid getting caught up in commitments outside of those areas. By narrowing my focus to four strengths, I gain the greatest return on my investments of time When extended to an organization, values inspire a sense of broader purpose. they make worthwhile.

4. CHOOSERS OF HAPPINESS- People who use time correctly choose happiness by prioritizing relationships and recreation. While choosing happiness may seem simple and obvious, far too many leaders are trying to prove themselves and validate their worth. These leaders chase after power and prestige, and a long the way, their friendships wither, their family is ignored, and they skip vacation after vacation. In the end, any success they earn is a hallow and lonely achievement.

Family and friendships are two of the greatest facilitators of happiness. Prioritizing time to cultivate relationships is a hallmark of a healthy leader. Likewise, scheduling leisure combats stress and allows us to delight in the hobbies that bring us joy. However, in the end, happiness is an inside job. We are wise to surround ourselves with family, friends, and fun, but ultimately we determine our internal response to the people and circumstances in our lives.

Remember you can make a lot of money, spend it all, work hard and get all back, but you can;t get back time.

John C. Maxwell is an internationally recognized leadership expert, speaker and author who has sold more than 12 million books. Visit http://www.injoy.com/ to learn more about John C. Maxwell and his books and programs.

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