How do you save time?

Discussion in 'Investor Psychology & Mindset' started by MTR, 13th Jan, 2016.

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  1. MTR

    MTR Well-Known Member

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    ......in your life, business and property investing

    Someone told me I spend too much micromanaging, where I should just pop an email and delegate, this is with regards to my development projects, guilty.

    Any tricks of the trade that save time

    MTR
     
  2. Xenia

    Xenia Well-Known Member

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    Great post M

    I have never owned a clothes line - it's double handling, not for me.

    I have never owned a TV and never waste time on news, current affairs, newspapers, magazines or other distractions.

    Never peel vegetables - mashed potatoes, chips all made with skin on. my kids have never had it any other way.

    I have never hand washed anything - if it can't survive the dishwasher, washing machine it does not deserve to live. I am unattached to anything material anyway.

    I delegate everything but in business I keep on top of every thing, also micromanage - I see more importance there than anything.

    I never open my mail - outsourced completely and it saves time as I get to miss out on a few wedding, birthday invitations too - oops sorry, I don't open my mail, I did not see them :D

    I don't pay my own bills - book keeper does that - interesting conversations with those door knockers who want to know who your electricity is connected with and how much you pay - ask my book keeper, I don't know.

    Shop in bulk so I can go fewer times.

    I have a house keeper once or twice a week.

    Kids have 6 complete sets of school uniforms each for summer and winter - literally 36 uniforms in case we don't get to the washing in a week, plus an extra day for very busy weekends - it's happened lots of times.
     
  3. Bran

    Bran Well-Known Member

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    This.

    But I also have someone open the door when it rings.

    ;)


    In business, I have everything that can be outsourced, outsourced. I pay handsomely (20% of my earnings), but it lets me stay on top of the substantial associated work that comes with my job (filing, billing, letters, bookings, BAS etc etc). Everything is virtual, with girls answering my phones that I've never met. We communicate by phone or email. And it works, especially as I'm mobile.
     
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  4. D.T.

    D.T. Specialist Property Manager Business Member

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    Make your phone calls (legally via Bluetooth) while driving so its not dead time.
     
  5. Steven Ryan

    Steven Ryan Well-Known Member

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    • Learn how to say "no".
    • Value your time at a high hourly rate and outsource life tasks (and work) for less than this amount.
    • Batch tasks – you get in the zone.
    • Walking phone calls – exercise + call.
    • Audiobooks/hands free phone calls – commuting, taking notes etc.
    • Butter coffee for breakfast – quick to make, minimal clean up, no hunger for hours.
    • Audiobooks/youtube/podcasts at 1.25-2x speed.
    • Eat the same meals, have multiples of the same outfit – no thinking required.
     
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  6. Jennifer Duke

    Jennifer Duke Well-Known Member

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    Much of ours is about knowing what is worth doing.

    My process goes something like:
    • Does it make me money? (And if so, is the money acceptable when considered as a wage per hour equation, particularly after tax if it's extra income)
    • Does it make me happy to do it? (And, alternatively, does it make me angry/frustrated to have to do it?)
    • Does it affect others? (Will it make other people happy? If I don't do it, does it make others suffer? (Eg if I don't do the dishes in my home on my nights, my partner would be upset... haha)
    • Can someone else do it more effectively (and can I afford to outsource it now)?
    Obviously not everything is that simple, but these usually cut it for working out most things.
     
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  7. Jennifer Duke

    Jennifer Duke Well-Known Member

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    I also use my train times wisely. I commute for about 3 hours a day (sometimes more) so use the trip on the way in to answer emails and my trip home to read/wind down.
     
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  8. EN710

    EN710 Well-Known Member

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    I outsource the tasks whenever I have the resources.

    My partner would drive 10 mins longer to avoid toll, I would just pay that toll :rolleyes:
     
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  9. mrdobalina

    mrdobalina Well-Known Member

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    there's more to life than working
    I don't bother with work. I've 'outsourced' it and it generates sufficient passive income. All day, every day.

    This has freed up an enormous amount of my time to do the things that truly add value.
     
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  10. 380

    380 Well-Known Member

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    • Make phone calls while driving (bluetooth ofcourse)
    • email/txt ppl to get job done (saves their time too)
    • walk n talk, drive n talk, check mail box n talk
    • Delegate work, set deadlines and let them do their work instead of chasing every day
    • watch less live TV, Most shows are online next day (FreeTV) no advertisement.
    • use time in fligh to write emails, diary notes,etc
    • have a house/apartment that suits your need... McMansions of 5 bedrooms are good but for 2 ppl .. it may take significant time to maintain/clean them
    • Use Laundry service, 5 for $11 dry cleaning. at that rate, it's not worth washing, folding, ironing (IMHO)
    • use UBER.. you get dropped off and picked up from location without worry of finding a car park or location it self.
    • Online shopping
     
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  11. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    Im surprised some of you said you dont watch TV.

    I guess not everyone has time but I do try to listen to talkback radio if I can .

    I have a workmate who gets the bus to wirk but walks the 10 km back to his home whilst making his phonecalls.
    Probaly wouldnt be for everyone especially me if im walking up a hill huffing and puffing breathing heavy as im talking.
     
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  12. hobo

    hobo Well-Known Member

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    Talkback radio??? 'nuff said!
     
  13. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

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    - Cleaner for the home
    - Home delivered fresh meals (not for everyone - but the time/convenience is awesome for us)
    - Body weight exercises when looking after kids (can be done anywhere - out the back, at the oval/park, at home)
     
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  14. Darlinghurst Boy

    Darlinghurst Boy Well-Known Member

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    I do like the Woolworths home delivered groceries ... They are great and it doesnt cost that much extra either !!

    I get a lot of my bills online now or emailed to me so i can pay them online.

    Who does there cooking a few days before ? Cooks and puts in containers in freezer ?
    A lot of people used to do that rather than come home and start the hours cooking .

    If you really want to incorporate excercise into your working day try standing at your desk rather than sitting, i lost 1 kg doing that last week.
     
  15. DaveM

    DaveM Well-Known Member

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    I outsource my forum posting to a call centre in India
     
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  16. D.T.

    D.T. Specialist Property Manager Business Member

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    AFL is about the only thing my tv gets used for.
    Have you got a quote from Philippines too?
     
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  17. DaveM

    DaveM Well-Known Member

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    Heres one
     
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  18. Property Twins

    Property Twins Mortgage Brokers & Buyers Agents Business Member

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    Where is that :eek:
     
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  19. MTR

    MTR Well-Known Member

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    I like does it make me happy:)
    Sometimes you don't get a choice, you must do the thinks you don't like, sometimes you can not outsource because its either not practical, or it will too long to explain, so do it yourself.

    I have spent the last 2 days sorting out my tax for USA properties, the problem was I got so confused I ended up printing off last years taxes, I killed 3 trees:(...... and wasted half a day on this.

    Message to myself...... pay attention and focus.

    MTR:)
     
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  20. MTR

    MTR Well-Known Member

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    I reckon you could do that... but I also reckon we would pick up the errors, similar to those dodgy scamming emails..... Mistar......etc etc... hehe