We still have more work to do than time. As a result, time management is likely the most important aspect of the $19 billion self-help industry. It’s also a standard part of real estate investor education and coaching. You see, once you start doing some of the right things on a regular basis, your success will skyrocket. My aim in writing this article is to provide you with the best tools and to share my top takeaways from various books, years of courses and workshops, and all of the real-world experience I’ve gained as a long-time real estate investor. Feel free to visit their website at real estate investors near me for more details.
What is the purpose of time management?
Every day, we all begin with a finite number of hours. We have a lot of options on what we can do with our time during those hours. According to Pareto’s Principle (also known as “The 80/20 Rule”), 20% of all potential activities would deliver 80% of your performance. I believe the figures are much more dramatic. In any case, the aim of time management for real estate investors is to do more of the 20% activities and less of the 80%.
Defeating Time Vampires
The Time Vampires, to use Dan Kennedy’s terminology, are the other threat we face. These are the people who are always trying to steal your time away from you like a vampire sucking blood from its prey. We must be hyper vigilant in our senses and continuously conscious of and prevent these individuals.
Why is it so crucial for real estate investors in particular?
It’s almost as if we have a magnetic field that attracts time wasters as entrepreneurs. Nobody is watching our every move, and we are free to waste time in epic proportions if we want to. Which makes it even more important that we efficiently manage our time in order to complete all of the revenue-generating tasks. Instead, one of two things often occurs:
- We don’t produce as much money as we should or, more importantly, as much as we need.
- We feel unfinished at the end of the workday (you have one, right?)
The first challenge is self-evident, but the second challenge can be more difficult to explain…
An Unsatisfactory Feeling
This is a nasty dilemma that real estate investors with poor time management face. It manifests itself as follows: it’s 5 p.m., the end of the working day for the vast majority of the world’s workforce. They’re on their way home, and the majority of them have already forgotten about work and are thinking about their families, tv, a cold beer, or whatever they look forward to at the end of the day. You, on the other hand, have this terrible feeling that the day has passed you by and you haven’t accomplished anything important.