Cash Richdad

We have to define our priorities in order to have a clarity of our actions and know how we are heading towards our goals. Set your priorities according to your goals and then put your efforts in accordance to your priorities.

Steve Pavlina has written about prioritizing in a very good article. Definitely worth reading for anyone who wants to set his or her priorities right.

Every one of us have the same amount of time at our disposal, the same 24*7. Now it’s how well you use it what matters. This alone can change your present and the future. You have to work on your present to get what you want in future so your goals should be very clear and the time and efforts should be directed accordingly. Time Management Skills play a very important role in success of all the successful people.

People who use these techniques routinely are the highest achievers in all walks of life, from business to sport to public service. If you use these skills well, then you will be able to function effectively, even under intense pressure.

At the heart of time management is an important shift in focus:

Concentrate on results, not on being busy

Many people spend their days in a frenzy of activity, but achieve very little because they are not concentrating on the right things.

The 80:20 Rule

This is neatly summed up in the Pareto Principle, or the ‘80:20 Rule’. This argues that typically 80% of unfocussed effort generates only 20% of results. The remaining 80% of results are achieved with only 20% of the effort. While the ratio is not always 80:20, this broad pattern of a small proportion of activity generating non-scalar returns recurs so frequently as to be the norm in many areas.

So you have to put in a concentrated effort keeping a broad view of your goals. This way you will know, where your efforts heading and what are kind of results should you expect.