Yesterday, I was having a little conversation with my friend, Dave. Dave mentioned to me that he had read a blog (I don’t have a link because I didn’t read the article myself) where the writer was espousing a new way to do a “To do” list. Apparently, the guy seemed to think that he had come up with a new way of getting stuff done in a way that you would make the most possible money. Dave asked me what I thought about the idea.
Well, the way that it was explained, the guy was saying that you should write down everything you need to do. Next, look through each item on the list, and immediately scratch off every item that will not make money for you today. Basically, concentrate your time and focus on the things that will put extra money in your pocket today. Long term stuff should be put off. Time wasters? Throw them aside all together. Well, there is some appeal when you hear the idea. I mean, it makes sense to focus yourself on things that make an immediate pay off, right?
I disagree with this concept.
I disagree strongly.
I mean, most of the things that pull in nice money for me today are things that it took a week, a month, even a year to put together. It was hard work that I had to do every day to put these projects together. A project that took me a month to build paid me nothing for those 30 days that I worked. But, if I did not invest the time to do it, I might have lost out on $100 or more per day in income. Some of these things that I spent major time on for nothing while I did the work pay me handsomely now, and I do nothing now, just collect the money! Now, that is something that is nice, when you get money everyday for work that you did years ago. That is a better approach to managing your “to do” list, if you ask me.
So, how would I suggest you do your to-do list? What I do is that I list out projects that I want to complete. I look at those projects and try to figure how much income they will produce for me in the long haul. I mean, how much can I earn this year? Next year? Over the next 10 years? Those that promise to bring me in long term money will pay off a lot better than focusing today’s efforts on getting that extra $20 that I might have missed out on. Maybe I won’t make that $20 today, but I might make a half million dollars over the next ten years. I prefer the latter.
How about you?