Straight out of the gate you are going to love this article. I have been thinking of writing an article on how to make life easy for a while now and the time has ultimately come. Struggling with making decisions on how to be more productive and make sense of your life? Well you’re in luck because this one is for you.
I have used these rules over and over to get me out of weird situations and make the most of my time and get an edge over my peers. I highly recommend you go through this list with me and write it down so you can apply it to your life starting today.
In order to make a smart investment decision, an investor must look at atleast 100 properties to find 10 potential deals that can be profitable. From these 10 potential deals an investor will submit aggressive but fair offers on 3 of them. Of these 3 offers submitted, only 1 will be accepted. But that one property is going to make the investor alot of money.
Remember if you are serious about real estate investments, this is the foundation you want to build on. If you rush things you’re going to lose a lot of money.
Rule 1 . You cut- I pick
I love this rule so much because it can be applied both in business and at home with your kids. Say your kids are fighting over the last piece of cake left in the fridge and both of them claim it to be rightfully theirs, here’s how the rule works; one person cuts and the other person gets to pick which half they want.
This amazing tenet gives power to both parties. Its one of those smart tricks that maximizes the return and also minimizes the risk at the same time.
Rule 2. 100 Hours
This is one of those rules that should put clarity on what you should prioritize in life. It was popularized by influencer Jay Shetty. It boils down to a big and simple question if you had 100 hours to invest in three buckets; what you are good at , what you are average at, and what you are bad at how would you split those hours?
A moment to make your decision…………………………………………………………………………….
This question was asked to the most sucesssful and people in the world and their answer is beyond interesting. They said they would put either 100 or 80 percent into what they are really good at and the rest in the other buckets.
You need to invest almost all your efforts into what you are exceptionally good at. Forget everything else and focus on your strengths because this focus allows you to get ahead and win. Everything else will just result in you being average and lose.
Rule 3. 10-10-10
This is another decision making rule that works just great. It’s frequently used by people like Warren Buffet and other billionaire investors to figure out what to do basically when stressing over something. It is a question of how you will feel about a decision you are about to make in ten minutes, ten months and what about ten years
After getting perspective, you realize how few things end up worth stressing over. A choice might feel good in the moment but have a negative impact over the medium or the long term.
The reverse is also possible. Something might suck in the next ten minutes and even a bit afterward but it will pay off in the long run. Any decision you make run it by this rule of tens and you’ll start making better calls immediately.
Rule 4. Up by 5 AM
What do Tim Cook, Benjamin franklin, Howard Schultz, Elon Musk, Jack Dorsey ,Richard Branson, Dwayne Johnson (The Rock) and Kevin Hart have in common?
They wake freakishly early while the rest of the world sheepishly wake up late. They all sleep less than six hours every night with a majority waking up around 5:00 AM.
In my research I found an old piece by author Robin Sharma whos been waking up consistently at 5:00 AM and swears by it. He even made a rule of how to optimize this to be more productive by splitting your first hour into three 20 minute activities
The first 20 minutes immediately jump out of bed and start working out. Push ups are a great way to snap out of that sleepy state. It gets the blood rushing through your body and wakes you up.
The next 20 minutes are about learning something new. The diverse the library of content the better.
The last 20 minutes are for planning. Make a list of the objectives you have for the day and what you’re looking to achieve by 6:00 am.
and never forget your prayers.
Rule 5. Just for 2 Minutes
Hello procrastinator this one here is for you. Every time you find yourself lagging to do a task just do it for two minutes and then if you want to take a break then you are free. This is also a great rule to use whenever you want to start a new habit.
Want to start brushing your teeth regularly? start by one tooth
Want to start reading regularly? start by reading one page
Want to start exercising? why not start with a push up?
Never postpone doing small tasks that can be done immediately as small wins gives momentum. As the saying goes by the yard it’s hard but by the inch anything is a cinch
Rule 6 . The 80-20
This is also known as the pareto principle.
It’s an aphorism which asserts that 80% of outcomes result from 20% of all causes for any given event. It is a very valuable principle as it can be used in all aspects of life; be it wealth distribution ,personal finance, spending habits, politics and even infidelity in relationships.
The man behind this principle Vilfredo Damaso Pareto was born in Italy in the 1880s and would go on to be a renowned philosopher and economist. It is said that one day, he noticed that 20% of the pea plants in his farm generated 80% of the healthy pea pods. This observation caused Vilfredo to think about the uneven distribution of resources in the society. He thought about wealth and discovered that 80% of the land in Italy was owned by just 20% of the population and that made him even more curious and as a result he investigated further on industries and he discovered 80% of production typically came from just 20% of the companies.
In almost all businesses 80% of company’s revenue is mostly reliant on 20% of its customers. Also 20% of all the employees are responsible for 80% of the results
In our daily social interactions you shall also discover that only a few friends and networks will add value in your life. Plus by default we tend to put the most of our energy and effort in relationships that we think are more valuable to us.
This piece is a contribution of Nabil Said. If you want to be part of our guest writers. Shoot us an email on eldoretleo@gmail.com
