Monday, September 10, 2018

RESOURCE MANAGEMENT

Do you have extra time on your hands? How about more energy
than you need or extra money you don't know how to spend?
Not likely! When was the last time you complained about
having too much time or too much money?
A continuing dilemma is that while we are the richest
people in history, we also run short of the most basic
essentials of life. We are chronically short of time (time
to read, time to sleep, time to play - what's that????)
and most of us are tired all the time. We have cars and
houses, and we have 500 channels to entertain us, but not
enough time for a vacation with our kids. What's going on?
The problem is poor resource management.
High achievers in the 21sts century will be experts at
allocating scarce resources.
On a global basis, we may have shortages of raw materials,
or distribution problems that cause shortages of food, fuel
or even water, but on a personal level the biggest
challenge of the 21st century will be to manage the limited
resources of our own lives.
We all have 24 hours a day. Successful people, the top
performers in life, simply use their time more productively
than the rest of us. By the end of the day, they get more
done.
Similarly, high achievers have about the same amount of
energy as the rest of us. They simply use it more
effectively. Yes, some people seem to need less sleep or
seem to be fired up all the time, but in the broad sweep of
things, most healthy people work hard every day. We all get
up early, work hard and go to bed tired.
The key is that given a limited amount of energy, or "go
power" for each day, high achievers focus on their most
significant and important activities. Given a limited
amount of energy, they conserve it, manage it, and allocate
it to their most important priorities. It's a skill and we
can learn from that!
Something similar applies to money. Now, obviously we do
NOT all have the same amount of money in our bank accounts,
but there is a HUGE difference in how high achievers look
at saving, investing, and spending. Robert Kyosaki has
helped millions of people understand the difference between
spending and investing. Rich people buy assets. The rest of
us simply spend money.
Regardless of how much money you have, it is a resource and
how you allocate it will make a huge difference in your
future.
In the 21st century, we will all have access to vast
networks of people, information, and entertainment. The
opportunities are unlimited!
But. Some people will take advantage of the opportunities
while others will remain incredibly frustrated, watching on
the sidelines and wondering what went wrong. I believe
there are a few basics, the fundamentals of living a great
life, and there are a few key skills that will make all the
difference.
One of those key skills is the ability to allocate limited
resources to achieve the results you desire. Like a doctor
doing triage in a crisis, high achievers look at their
limited resources of time, energy, and money, and make
skilled decisions about where to invest. We cannot "do it
all." We have 24 hours a day, and a certain amount of
energy and other resources. We must use our resources
wisely and high achievers know this. You should, too!
How we allocate our scarce personal resources will
determine the outcomes we achieve.

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