Effective Leaders Time and Money Investment It's Simple Not Obvious

Everyday is an investment. Invest your time and money smartly.
Effective leaders lead by example and must learn to manage well and invest time and money smartly.

I'm reading the book, It's Simple Not Obvious by Jim Dornan and found this article worth sharing about Time Management and Money Management or Time Investment and Money Investment. 


Learn and enjoy reading.

Manage Well Your Time.
We all have the same number of hours each day to either invest or waste...to either invest with people and things that are important, or waste on things that are of less priority. You should make lists each day of what you need to accomplish, who you need to speak with, and when you plan to complete your list. Put the highest priority first and fit the others in as much as possible, even if certain lower priority issues get moved to the next day. Time management, or lack of it, can be the downfall of many leaders.

This is just another reason to continue focusing on your personal growth and development, so that your skills and disciplines in the area of time management can continually improve.

Manage Well Your Money.
For many people, no matter how much money they get, they always seem to run out. Good financial intelligence involves prioritizing what we spend and what we do with what we have.

As business owner, we must often sacrifice or delay some of the personal comforts or rewards, so that we can properly fund our venture with tools, training events, or other necessary investments. Having money for the Continuing Education Program (CEP), for example, or an important meeting or event can potentially accelerate your business and produce far greater returns than they cost. The truth more times than not is that we don't have a money issue, we have a priority issue.

The main point here is to remind us not to mismanage our money-either early on when we are learning to be a business owner or later when we have more and need to allocate it wisely.

Plan and prioritize the necessary financial needs for the future growth of your business.
When you have good profits, I suggest you pay off credit card debts first and eventually, all debts.
After paying your taxes, set aside money first for giving, second for savings/investing, and then use what is left for lifestyle. 

Source: It's Simple Not Obvious, book by Jim Dornan

May our learning lead us not to knowledge but may our learning will lead us to action.

 
Be blessed and be a blessing.

Jesse Cadelina
Truly Rich Club Member