Time Management Tips From 7 Billionaires
Billionaires are fascinating to every layman, simply for the fact that they have more money than we could ever imagine. The question is what do they do with their time so that they can succeed in producing much more than we can in our lifetime? Do they know a secret to wealth success that we don’t?
Many people have tried to figure out what billionaires do differently with their time so that it influences their life and daily routine. Also, many journalists have interviewed billionaires and asked them about their time management secrets so everyone else can also apply these secrets in their lives as well and benefit of a better daily routine and gather more wealth.
After a thorough desk research, here are some tips for you on how to improve your time management and they are all learned from billionaires. So, are you ready to learn to manage your time better? Let’s explore what you need to do.
Start your day with your no. 1 task
The first tip for people who are looking for a better time management tactic is to start the day right and work at their number one priority. Most people start the day with lighter tasks because it seems easier to get those done before getting on to more important tasks. However, this is a mistake. Think about it: by the time you get to your most important task, you will have little energy and positive vibes left to tackle it.
So, instead of doing the same mistake that most people do, follow the billionaire Nathan Blecharczyk’s example and fill your calendar from the reverse. Put your most important tasks on top and take care of them first thing in the morning. Let that good energy expend at the beginning of the day to empower you and help you deliver your best work.
To make this system work, make sure that you clear your agenda of meetings and other less important things in the morning. Schedule the meetings after lunch, take care of emails and phone calls in the noon and postpone tasks that are not so urgent.
To be more productive and improve your time management skills, you should avoid multitasking. You probably think that’s a mistake and that today’s jobs are all about multitasking. Well, if you want to manage the time you have on your hands better and get the most out of your work, multitasking will not help you. Billionaire Mike Cannon-Brookes advises to do one task at a time and leave other things for later. Why? You will focus better on your task, finish it much quicker and you will probably deliver a better product as well. If possible, try to open only one internet browser file/ one document file / one excel file and don’t let social media or your smartphone distract you.
Studies have already been conducted on this topic and they have shown that multitasking can decrease productivity, especially for young people. If you want to boost your productivity by 40%, skip multitasking and focus on one thing.
Learn to say no
You are probably used to saying yes at work and at home because you want to be useful and help people and feel like you belong. While that is perfectly ok and can help you be all the things listed above, sometimes it’s ok to say no and mind your own business. If it helps you more, schedule a do-nothing time in your calendar and use it to meditate on things and do not let anyone disturb you. Why is this important? Jeff Weiner, LinkedIn CEO, says that it’s important to include this time for yourself in your schedule so you can put things in perspective and develop your creativity.
Also, saying no helps with mental health – the pressure of being always available to other people’s requests can damage your overall health. Be a little selfish from time to time to give yourself space to think.
Make time for exercise, diet, and health
Time management means to make sure you have a schedule that allows you to take care of diet, health, and exercise as well. Many billionaires do that – Arnold Schwarzenegger, Richard Branson, and Tony Robbins make great examples of that. Why is this important? Because if you are not healthy, you will not be able to do any of those things you want to do – not even work tasks. Therefore, stay hydrated, eat good and healthy food, exercise daily and go to have regular checkups by the doctor.
Simplify the calendar
A great time management tip from Warren Buffet is to make your calendar as simple as possible. How come? Try to put in your calendar only what really matters for you and your work. You could do a lot of things, but which of these have the highest impact on your work and on your life? Letting distracting activities out of your calendar will help you learn to prioritize and improve your overall attitude towards work, as it will help you know what to take care of first. Don’t forget that you are in charge of your time and should make sure you spend it well.
Keep things efficient
Efficiency is the key to good time management as billionaires say it. Warren Buffet and Charlie Munger, two self-made billionaires knew worldwide, believe that you should keep things efficient, especially with meetings and work activities. There is no need to have meetings that will not bring you a check. If you do schedule a meeting, make sure you have a purpose, an agenda, a presentation, and all the necessary materials. Otherwise, just cancel it. This may seem harsh, but your time is limited and there is always plenty of stuff to do. So, you should prioritize and make the process efficient; this way you will get to the successful path and get more time for things that really matter.
Write it down
You know what could make you more efficient? To write things down in a notebook – ideas, interesting facts, new information and just about everything else. This will help you to remember more things that could be helpful in the future and encourage you to act on stuff you want to do. Billionaires like Richard Branson and Bill Gates do it.
So, these are some of the simple time management tactics that you can implement. Think like a billionaire and soon you will become one too. Just manage your time better and success is not too far away.