I used to think the harder I work and
the more hours I put in the more money
I would make be the first one in the
office the last one out put your hand up
for all the new assignments and then one
day it will pay off but this couldn't be
further from the truth fast forward five
years and I'm making double the money in
half the time so in this articleI thought
it would be interesting to share with
you how to make more money by working
less everything I'll be sharing in this
article has come from a combination of my
own personal experience and a lot of
wasted time literacy papers from
productivity experts and lessons from
some of the most successful business
people in the world let's get into it
the first thing I did was put myself in
the right auction room I was paid less
than my worth for years not because I
like the skill set but because I didn't
put myself in the right room if you're
thinking you should be making more money
than what you're getting find a market
that holds more value to your skills so
what do I mean by this a friend of mine
owned a piece of land it was passed down
from his parents and he knew he could
make some money from it so he put up for
sale through a local auction in
Oxfordshire which is just outside of
London and he made a 25 profit two
months later that same piece of land the
same location same size exact same
everything was listed for sale by the
new owners on a London website and sold
for 100 profit that same piece of land
fetched a far higher price purely
because it was on the right auction
website where there was more demand and
where the value for that land was
significantly higher I reflect on this
analogy in other areas of my life I
worked in a bank where I felt like I was
being underpaid years after years I was
asking for a pay rise and I was told I
was at the maximum for my corporate
title for whatever reason I decided to
move to a different organization with
the same experience the same set of
skills same years of knowledge and I got
paid 30 percent more this is what I've
learned in life if you're not getting
what you want from the room that you're
in then leave and knock on another door
I have a set of skills be it numbers
analytical skills speaking whatever but
as I put myself in different rooms and
different industries that exact same set
of skills is valued completely
differently so it's not always about
okay how do I improve my skills or how
do I work more to show my worth but
instead how do I maximize my earning
potential by putting myself in a room
where my skills are going to give me the
greatest rewards where will your skills
reap the greatest return so that you're
not working for less than your worth
number two the Steve Jobs rule this rule
is one that you can apply to so many
areas of your life your career your
relationship your businesses and I've
coordinate the Steve Jobs rule because
he applied this principle to turn Apple
around and stop it from going bankrupt
it's the Pareto Principle and it
suggests that 20 of the cause creates 80
of the results in relationships we get
80 of the Joy from 20 of our partners
Behavior we aware 20 of our clothes
eighty percent of the time well maybe
100 of the time for me and when it comes
to my YouTube 20 of my articles have
brought in Eighty percent of my revenue
and subscribers when Steve Jobs came
back to Apple and the company was
struggling financially the first thing
he did was identify where eighty percent
of the Prof profits were coming from and
he cut the remaining products out and
for a long time Apple's brand was based
on the iPad the iPhone and the Mac it's
not always going to be 80 20 it can be
70 30 or 90 10 but the point is the
majority of results come from a minority
of causes and the reverse is also true
the minority of results come from the
majority of causes and I use this
concept to make more money whilst
working less I think about what 20 of my
to-do list is going to produce 80 of the
results and I focus only on those areas
which have the highest return on
investment I align my day so that I can
give the most Focus to the projects that
pay the most and then move on to the
lower impact projects after the cash
cows have been tended to number three is
set an achievement date I'm the sort of
person that if I plan to try something
new I'll spend ages trying to make sure
I understand every single thing and that
I have a plan for every possible outcome
before I even start however I have
learned that this is far from ideal one
to actually make more money and work
less I need to make sure I don't stay in
the emotion phase for too long and
there's a quote on this don't mistake
activity for achievement to produce
results tasks must be well organized and
properly executed otherwise it's no
different from children playing around
in the playground lots of activity no
achievement so now when I have a new
idea or a new project one of the first
things I'll do is set an action date
when I first wanted to get into real
estate I would spend weeks months
learning every single minute detail that
I can and get my head around every
number and then analyze every part of
every deal three times over what would
the returns be what are the properties
selling for finding out who has put in
an offer what price what returns are
they making and I just didn't for
whatever reason put the offer in I
wouldn't pick up the phone and say this
is my offer and part of this was because
I was too concerned about what would
happen if my offer was accepted then I
need to do all the work and what if I
didn't work out what if I then lost the
money I was so stuck in the motion phase
the wheels were moving and I'd done all
the preparation that I needed to that I
felt like I was getting somewhere and I
was on my way to making money but I
actually just wasn't making the money I
wasn't taking the final step to get me
to the end result I wasn't taking the
action needed for me to stand a chance
to make more money so now whenever I
start something new I would first pick
an action date for when I'll do that
thing and work backwards I can always
move it around but I'll give myself a
non-negotiable date or when I move from
the planning stage to the action stage
so that I'm not working for longer than
I need to doing the wrong thing knowing
that you have something that you're
working towards will help you get out of
your own head and get to the results
you're looking for quicker the fourth
thing I did was focus on value over hour
to escape the time for money trap you
need to create scalable and automated
source of income that are not directly
tied to your time for most of us in day
jobs the main way we think about
increasing money is by either working
longer hours or increasing the value in
your existing role to increase your
salary and this was also my thinking for
many years the issue with this is that
it comes with the limitations there is
only so much of your time you can sell I
mentioned in one of my other articles I
have a friend who's a personal trainer
before the pandemic she used to do
one-to-one coaching sessions she would
go do this through her local gym she
would go to people's houses she would
train them she'll do it through her gym
she was fully booked and she had almost
50 clients when she got comfortable with
the one-to-one she started expanding
doing group sessions hiring rooms
running workout events but after a point
she realized it became impossible to
keep taking on more clients to keep
hiring bigger rooms because no matter
what she did she just didn't have more
time to give she was capped she could
earn a bit more here and there but there
wouldn't be any sharp increases in her
income then the pandemic hit and she
went online she started off making free
content whilst at the same time building
an app that tells people what to eat
what workouts to do and then when the
app launched the majority of our clients
signed up to the app friends were
recommending other friends who were
recommending other friends and there was
no cap to how many people could sign up
and therefore how much money she can
make through it she was putting in the
same hours but making more money of
course the latter may be more risky it's
a riskier route to start at that point
there isn't always a guarantee that will
work out but the rewards can be much
greater if you want to make more money
by working less to get out of the Rat
Race you want to change your perception
of working to sell your time for money
think about a skill you have that can
add value to the most people possible
and think about using that in a way that
can positively impact others and what
the biggest problem you can solve can be
the fifth thing is to be the captain and
there is something that Naval ravacan
tweeted that has really resonated with
me over the last year and is that what
you choose to work on and who you choose
to work with are far more important than
how hard you work and that really tells
you everything you need to know about
working smart it doesn't matter how hard
you're working if you're not working on
the right thing and even if you are
working on the right thing no matter how
capable you think you are you will
always get to a point where to take it
that much further you need to work with
the right people and there is a saying
that is the captain commands but the
Rovers steer and it highlights the
importance and the role each person
plays and how they all work together to
make sure the boat is sailing in the
right direction in the same way if you
constantly get bogged down in the
day-to-day task and you get fully
involved in rowing you won't be able to
see the bigger picture and know whether
or not the ship is even sailing in the
right direction a way to make more money
without doubling your time or working
harder is by working on the business
spend your time working on the business
and then get the support of others who
are more skilled than you are in
different areas to work in the business
so those are five things that I've been
doing to make more money whilst working
less if you want ideas on income streams
you can start which don't require you
selling your time for money then I have
another article here that you may enjoy
thank you so much for watching don't
forget to subscribe if you haven't
already and I hope to see my next article
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