I have cut down my working hours from 16hrs/day to 8 hrs/day.
But, I make much more money now.
Here are 5 things I realised on this journey:
[A THREAD...]
But, I make much more money now.
Here are 5 things I realised on this journey:
[A THREAD...]
[1] Time vs Task orientation:
- You don't get paid for the number of hours you work.
- But for the value you create by doing a task efficiently.
If you are always "time oriented", then you are probably discounting the value of smart work.
- You don't get paid for the number of hours you work.
- But for the value you create by doing a task efficiently.
If you are always "time oriented", then you are probably discounting the value of smart work.
[2] Adding value:
- Simple strategy: Underpromise and overdeliver.
- Let me explain via an example:
I run a Stock Market & Crypto course.
While the total live teaching time is promised as 22hrs, it goes well beyond 40 hours.
[Continued...]
- Simple strategy: Underpromise and overdeliver.
- Let me explain via an example:
I run a Stock Market & Crypto course.
While the total live teaching time is promised as 22hrs, it goes well beyond 40 hours.
[Continued...]
Plus, I end up offering other free courses to my students (feedback has been excellent and folks will vouch).
There are 0 paid advertisements. Yet the batches get sold out quickly.
Simply because friends tell their friends.
Do check: wisdomhatch.com
There are 0 paid advertisements. Yet the batches get sold out quickly.
Simply because friends tell their friends.
Do check: wisdomhatch.com
[3] Building systems:
- Take investing for example.
- We need to build a simple system to invest.
- If our system is complex (eg. many people want to day trade along with a full time job), we either don't invest or invest and make massive losses.
[Continued...]
- Take investing for example.
- We need to build a simple system to invest.
- If our system is complex (eg. many people want to day trade along with a full time job), we either don't invest or invest and make massive losses.
[Continued...]
So the goal of investing should not be profit maximisation, it should be to create a simple system that gives decent returns.
Being a maximalist doesn't help.
And, system simplification framework can be applied to literally anything that you are doing.
This saves time.
Being a maximalist doesn't help.
And, system simplification framework can be applied to literally anything that you are doing.
This saves time.
[4] Valuing time:
- If you don't think of time as a finite and the most important currency, you will never truly value it.
- Say NO to things; be on time; give straightforward answers to save your time and others'.
- And, if possible do short meetings.
[Continued...]
- If you don't think of time as a finite and the most important currency, you will never truly value it.
- Say NO to things; be on time; give straightforward answers to save your time and others'.
- And, if possible do short meetings.
[Continued...]
You will get more opportunities to save your time (and everyone's else's) as you progress in your career, so TAKE IT!
[5] Efficiency theory:
- Deep work, prioritising tasks etc are some basic productivity hacks, so use them.
- But more importantly realise that: the more skilled you get at anything (eg. Twitter threads), it takes you less time to do it.
- Deep work, prioritising tasks etc are some basic productivity hacks, so use them.
- But more importantly realise that: the more skilled you get at anything (eg. Twitter threads), it takes you less time to do it.
Summary:
Fun fact: it took me exactly 7 mins to write this thread from scratch. Why? because I have been writing consistently for a while.
Bottomline: Prioritise smart work, value time and up-skill.
Fun fact: it took me exactly 7 mins to write this thread from scratch. Why? because I have been writing consistently for a while.
Bottomline: Prioritise smart work, value time and up-skill.
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