Time. Tick, tick, ticking away. This moment ... gone. There are myriad "systems" to help you organize your time. Let's find out how much your time is worth.
Time. Tick, tick, ticking away. This moment ... gone. Never to return, never to be experienced again. The next moment ... coming up and soon to pass by.When you take a few moments to contemplate the moments, you suddenly realize that there really isn't any way to get them back. We can renew energy, paper, plastic, glass, even money! But not time. Which begs the question: How are you spending the one thing you can't get any more of?There are myriad "systems" to help you organize your time. Day planners, day runners, Outlook, Act, Goldmine, Teatime, online calendars, off-line calendars, PDA calendars, clocks, alarms, GPS-PDA-NFL-miracle watches! Regardless of which one(s) you use, I'll bet you $100 that you are spending WAY too much time on "low value-low return" activities.What do I mean by that? Well, let's do a little exercise first. Let's find out how much your time is worth. Now you may have done this calculation, but you haven't done it my way.First, the "now." Take your annual earnings and divide them by 52 to get your weekly earnings. Don't divide by 40 or however many hours you think you work per week. Think about how many hours per day you actually work. Is it 5 hours? 4 hours? Think about it and use an honest number for your daily activity. Multiply by 5 and divide that into your weekly number. That's what your current time is worth. Now do this: Do the same calculation with the income that you want to be making. Now you have two numbers and a difference between them. How are you going to get from "now" to "where you want to be?"One way is to increase the number of effective hours that you work. To get more of those, you need to offload those tasks that can be done by someone at a lower cost per hour than your time is worth! Here are some quick strategies for doing just that:
I hope that you find these useful. Since I've been using them my productivity has increased dramatically. Try them for a week and let me know how it goes for you!
Where Have all the Commercial Lenders Gone?
Government Agency guaranteed or sponsored transactions, including: SBA 7(a) and 504, HUD construction loans for multifamily projects, Community Reinvestment Act loans, USDA Business and Industry loans, and to a lesser extent, Fannie Mae and Freddie Mac multifamily loans.Trading Up Using the 1031 Exchange
A powerful method for building real estate holdings is the use of 1031 Exchanges, which lets investors defer capital-gains assessment on investment property.Segregate Costs for Better Cash Flow
While costs such as office equipment and furniture are easily recognizable as personal property, construction-related costs that are often included as part of real property may also qualify.