To complete the 22 month retirement challenge, I have to be productive.
I don’t have all day. Actually, I won’t work more than 4 hours a day, 4 times per week…And many days, it’s less than that.
Why?
For 2 reasons:
- It forces me to be more productive. I know that I only have 4 hours to work… But yet, I know that there is a certain amount of work that just has to be done in order for me to be successful in this challenge.
- I want you to feel and know that you can do this too. I want you to know that if you can find a few hours per day, that you can realize your dreams.
How To Get More Done Using The 80/20 Rule
The 80/20 rule simply means that 80% of all your results will come from 20% of your activities.
So, if you focus your efforts on 20% of the activities that produce the 80% of results, you’ll get the most results in the least amount of time. Thus, you’ll make the most amount of money in the least amount of time.
As you grow, you can outsource work to other people and companies to help you grow even more, and all the while, doing a little less work.
Learning to be productive is Critical to the success of your business. Learning to do the most important activities in your business firstly and consistently will ultimately determine whether or not you succeed.
What Are Your Most Important Activities?
- Getting houses into contract
- Marketing those houses
- Making relationships and connections with the people who have large audiences (Brokers, Builders, Highly trafficked website owners, etc.)
What Activities Are NOT Important, But Make You Feel Busy?
- Checking email
- Going over stats 5 times per day
- Going to see houses that you haven’t pre-qualified and don’t know if you ever have a chance at buying
- Going over your business plan again and again
- Highlighting classified ads again before you call after you’ve already circled them
Always do the MOST important task first, then, if you have time, you can do whatever the heck you want. How do I know this? Because I have wasted so much of my life doing all of those “frivolous” things, which never brought in a dime.
You see, you keep your hand busy doing things that make you feel like you’re working hard, and you are! But you are not working smartly, efficiently or effectively…And that’s what will leave you broke and upset.
If what you are doing isn’t bring in business, then it’s not one of the most important things in your real estate investing business. If what you are doing is NOT moving your business forward in “leaps and bounds”, it’s not one of the important activities.
How To Determine What Activities Are The Most Important Ones For You To Do Everyday
- Imagine your dream business and what that would look like.
- Now, write down the obstacles that are keeping you from getting to that dream.
- Take each one of those obstacles and turn it into a goal to overcome.
- Those goals are now the most important activities that you have to do first every day you go to work.
If one of your obstacles was not generating enough home buyer leads, then every day you need to spend a little time trying to generate leads of people who want to buy houses.
If you spend any time doing anything else before this, then you are not moving toward your goals, you are NOT removing the obstacles that are in your way of success. Thus, you are killing your own dreams.
Don’t kill your dreams before you get a chance to live them.
To Your Immediate and Lasting Real Estate Investing Success,
Kenney 
P.S. To learn more about how to use the 80/20 rule, check out this post by Yaro from the Entrepreneur’s Journey:
Revisiting The 80/20 Rule and Why It Is Even More Critical To Your Business In 2009
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Technorati Tags: 80 20 rule, yaro starak, real estate investing, real estate training, the 22 month retirement
Friday, 5. February 2010
P.S. I’ll sure put the word out about your site and I would appreciate any business you may send my way…