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The Time of Your Life

May 25, 2018 by  
Filed under blog

As a real estate investor, it’s pretty darn important to actively manage your time, just like you should manage any assets you have, to get the greatest and biggest return possible. Time is possibly the most important assets all of us have since it does have limits and is not, for us, endless. Plus, if you don’t watch and manage your time carefully it can be taken away from you without you even noticing.

To benefit the most from the time you do have, you can really stretch your time by organizing it.  If you want to squeeze every dollar, pleasure, fulfillment and sense of accomplishment out of the minutes you do have, you must organize your time to the best of your ability and or have others organize things for you.

We’ve all heard that people can’t be in two places at once or do two things at the same time, but that’s not correct.  You really can be in two places and or do two things at the same time. How is that possible?  It’s called “delegation” and, wow, does it ever work.

You can greatly multiply yourself and what you can accomplish by delegating to other people.  Here’s a few “do’s and don’ts” that have helped me buy, manage and sell millions of dollars’ worth of real estate.

  1. DO delegate specific tasks to others whose time costs the business less than your time.
  2. DO provide accurate instructions plus a target completion time or date when delegating.
  3. DO the hard tasks yourself that would cost more to delegate than for you to do.
  4. DO discipline yourself not to do tasks that you’ve already delegated or should delegate.
  5. DON’T let the task be given back to you uncompleted without an acceptable reason.
  6. DON’T let a delegated task be postponed. Periodically follow up each task you’ve delegated based on reminder notes you’ve made.
  7. DON’T over supervise. Look for acceptable progress and results.
  8. DO take time and the effort to carefully pick the best people for that tasks you need done.  Plus, carefully think through the best rewards that will push and motivate the person to deliver the results you want.

Keep these points in mind and you are sure to find that you will have more time for the things you want to do as well as increasing your ability to complete more in your investments, business, and life in general.

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