<b>Your Time Has Value....or "The Smartest Thing I Ever Did" </b>
A few years ago I was starting to suffer from a very bad case of burnout. I should tell you that burnout is hard to recover from and should be avoided at all costs! I was making good money, about a quarter million $$ per year, but I was working nearly 100 hours a week to do it. I had no life, I was bitchy and I was starting to hate my work. It was not good. You can probably go look at the quality of the work I did around the time I was partnered up with Themarketvushow and see the major decline in the quality of my providings.
Anyway, I finally did recover from that and it was because of a very powerful realization, simply that my time had an actual value to it. I sat down one weekend and I broke all of my business down into two groups of two catagories. Stuff that makes me money and "busy work" and stuff I liked and stuff I hated. I realized that my "productive time"..ie posting to my blogs, on message boards, product creation and development etc resulted in income of about $800 to $1000 per hour that I was focused on them. Then I looked at the busy work, like creating earnings calenders..You know company XYZ reports on monday etc, the Fed Report is on Tuesday etc, articles submission, link creation, customer service (which I really hate) and coding shit (which I hate more then anything and suck at too boot). So..I had a great solution to my problem. I promised myself that any activity that made me lesst then $200 per hour, I just wasnt gonna do it..period. I can hire someone in the Philippines for $3.50 an hour (and they live like a king on that) to figure out when earnings come out for this company and that and put it in a report. What the hell am I doing screwing around with a $3.50 an hour job? I can hire someone who doesnt even speak English in Cambodia for $1.25 an hour to build backlinks for me and submit articles to ezines. I can hire someone to write 500 to 800 word ezine articles for me at $5 to $10 each. I can hire someone in the United States, a good someone, for $25 an hour to do customer service. I can hire a programmer overseas for under $10 an hour, and one in the states for $30 to $50. You get the idea.
This was hard to do. I was Mr Everything, and even though I was getting burned out and hating my life I also had this "I'm a hard worker..and I want everything done right!" complex going on..which I think most entreprenuers have....and I was afraid the people I hired would suck (a few of them did, you just fire them).
The end result of this was spectacular. My non-trading workweek (I mean the time that I wasnt focused on my trading and money managment business) went down to about 15-20 hours per week and I actually started to make more money then I'd ever made in my life for awhile right up until the point that I got divorced and then got sick..those two threw me for a loop..but I think you get the point. This is something that is VERY important to think about as you move forward as an Digital Info Empire Builder (I love coming up with cheese ball names for shit, I can't help myself!) because your time is very valuable and you want to protect both your time and your sanity!
Brandon
PS. YEEEEEEEEEHAAAWWWWWW GATORS!!!!
A few years ago I was starting to suffer from a very bad case of burnout. I should tell you that burnout is hard to recover from and should be avoided at all costs! I was making good money, about a quarter million $$ per year, but I was working nearly 100 hours a week to do it. I had no life, I was bitchy and I was starting to hate my work. It was not good. You can probably go look at the quality of the work I did around the time I was partnered up with Themarketvushow and see the major decline in the quality of my providings.
Anyway, I finally did recover from that and it was because of a very powerful realization, simply that my time had an actual value to it. I sat down one weekend and I broke all of my business down into two groups of two catagories. Stuff that makes me money and "busy work" and stuff I liked and stuff I hated. I realized that my "productive time"..ie posting to my blogs, on message boards, product creation and development etc resulted in income of about $800 to $1000 per hour that I was focused on them. Then I looked at the busy work, like creating earnings calenders..You know company XYZ reports on monday etc, the Fed Report is on Tuesday etc, articles submission, link creation, customer service (which I really hate) and coding shit (which I hate more then anything and suck at too boot). So..I had a great solution to my problem. I promised myself that any activity that made me lesst then $200 per hour, I just wasnt gonna do it..period. I can hire someone in the Philippines for $3.50 an hour (and they live like a king on that) to figure out when earnings come out for this company and that and put it in a report. What the hell am I doing screwing around with a $3.50 an hour job? I can hire someone who doesnt even speak English in Cambodia for $1.25 an hour to build backlinks for me and submit articles to ezines. I can hire someone to write 500 to 800 word ezine articles for me at $5 to $10 each. I can hire someone in the United States, a good someone, for $25 an hour to do customer service. I can hire a programmer overseas for under $10 an hour, and one in the states for $30 to $50. You get the idea.
This was hard to do. I was Mr Everything, and even though I was getting burned out and hating my life I also had this "I'm a hard worker..and I want everything done right!" complex going on..which I think most entreprenuers have....and I was afraid the people I hired would suck (a few of them did, you just fire them).
The end result of this was spectacular. My non-trading workweek (I mean the time that I wasnt focused on my trading and money managment business) went down to about 15-20 hours per week and I actually started to make more money then I'd ever made in my life for awhile right up until the point that I got divorced and then got sick..those two threw me for a loop..but I think you get the point. This is something that is VERY important to think about as you move forward as an Digital Info Empire Builder (I love coming up with cheese ball names for shit, I can't help myself!) because your time is very valuable and you want to protect both your time and your sanity!
Brandon
PS. YEEEEEEEEEHAAAWWWWWW GATORS!!!!
and so I'm just putting the image up here.
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