These habits may improve your finances and quality of life.
Key Point
- Humphrey Yang recently shared a habit that has brought him financial success.
- He likes to block out his time to set a schedule, keep a journal to write down his goals, and reflect regularly to think of big-picture strategies.
- There are some other great habits he has that have helped him as an entrepreneur.
Financial influencer Humphrey Yang says he made $40,000 a year in customer support when he was 22. Four years later, he achieved his six-figure number, which he credits with six key habits.
Yang shared his 6 habits recent video He offers excellent and unique advice.Whether your goal is to get better personal loanreduce stress, improve time management, or all of the above habits can help.
1. Time blocking
Time blocking is popular time management practicesUsed by many top performers, including modern CEOs, it dates back to its founder, Benjamin Franklin.
The idea is to block time on your daily schedule and assign it to specific tasks. Below is a basic example of a real time block.
- work on a project from 9am to 12pm
- Reply to emails and messages from 12:00pm – 1:00pm
- Conducting meetings 1:00pm to 4:00pm
- preparation for the next day from 4:00pm to 5:00pm
Not everyone can fully commit to time blocking. You may also receive time-sensitive Slack messages frequently. In that case, it’s probably not a good idea to respond for just one hour each day. However, this technique is good for improving efficiency. Allocating time to specific tasks can be very helpful in helping you focus on what you are doing.
2. Journaling
Jan says he’s been journaling two to three times a week since he was a teenager. He believes the practice can help him reach his goals and sharpen his mind, and he has data to back up its benefits.
- Research by Dr. Gail Matthews shows that people who write down their goals are more likely to achieve them. Success rates were even higher among those who shared their goals and progress with others.
- Multiple studies have found that journaling can help reduce stress and anxiety.
3. Soak your toes
Jan had a full-time job but wanted to do it. become an entrepreneurThe way he accomplished this was by taking calculated small risks. He saved some of his income for projects and tried to start a business as a side business. His first attempt, an app in which he invested $5,000, didn’t work. Even if he failed, he saw it as a learning experience.
with most entrepreneurs small business owner take this approach. They have a steady source of income and build their business as a sideline. This is wise as it allows you to explore potential opportunities without taking too much risk. Consider doing what Yang did. savings account Especially for future ventures that are important to you. It’s money to start a business or use for training to improve your skills.
4. Minna NPCs
NPC is a gaming term that stands for Non-Player Character. The message here is that you shouldn’t care what other people think or influence your own decisions. You are in control of your life. Everyone else is – you guessed it – NPCs.
Jan points out that many people are hesitant to start something new because of what their friends, family, and the rest of the world think. Being self-conscious is normal, but it also interferes with your life. And despite what the nasty voice in your head might tell you, the truth is that people usually focus on themselves instead of criticizing your every move. That’s it.
5. There’s no such thing as a perfect time
As Yang himself admitted, he spent several years hope entrepreneurIt’s someone who really wants to be an entrepreneur and has probably done a lot of research on it but never really takes action.
Paul Ponna, CEO of several startups, found that entrepreneurial hopefuls typically have three main problems. Here’s what they are, and some good recommendations from Yang for dealing with them:
- Fear of failure: People often second-guess themselves out of fear of failure. Yang has dealt with this problem, but now has the mindset that every failure brings us closer to success.
- Laziness: Everyone deals with this to some degree. Instead of trying to do everything, aim to achieve something every day, even if it’s just a small thing. This way you build consistency and momentum.
- Lack of motivation: This is often due to lack of goals. If you’re feeling unmotivated, spend some time setting clear goals. Having a clear goal will naturally motivate you.
6. Take time to reflect
The last habit is one that many people ignore. Set aside time to slow down, disconnect, and reflect on your life and goals. It’s important to do this, so to speak, to recharge the batteries and get a complete picture of the plan.
With a routine, everything in your day begins to melt together. Most of us have probably experienced it before. This is normal, but schedule a time to reflect on a regular basis.
These habits have clearly had a positive impact on Yang, and they can do the same for you. Try them out and see which one works for you.
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