3 Tips to Make More Money by Managing Your Time

Do you want to make more money? If so, you are like most Americans today. The latest surveys show that money is the most common conce
for people. They report that finances have a huge effect on their levels of stress. Instead of constantly worrying about your lack of funds, think about how you are managing your time. When I start working with a new client, one of the first things we consider are their time management skills. Regardless of what their goals are, they will be more difficult to achieve if the client isn’t focused and hasn’t prioritized the steps they need to take.

A lot of my friends and clients have multiple sources of income. If you’re serious about accelerating your income, a second job, side gig, or side hustle might be for you. Whether you choose to sell a product, do freelance work, or perform a service you can do that and balance your current responsibilities. Work-life balance is important and you can have fulfilling relationships while creating the lifestyle you deserve. If you don’t see that as a clear possibility with your schedule, then you might have to make some simple changes. Here are 3 tips to make more money by managing your time!

1. Reduce your time on social media- It might be interesting to know what’s going on everywhere, but is it really necessary? Keeping up with social media on your computer and phone is one of the biggest time traps today. Take a moment to think about how much time you’re on social media, across all networks, each day. How much time is that in a week? There are many studies showing that increased social media use is usually accompanied by decreased happiness levels. If you are on three or more social media networks, try cutting back to your favorite two for a week. Just see how you feel.

2. Limit your TV time- Most Americans spend more hours a week watching TV than the time it takes to have a part-time job! How much time do you spend in front of the television a week? If you’d like to earn more money, this is the most obvious place to cut back and free up more time in your life. You don’t have to eliminate TV all together, but a significant reduction will go a long way towards reaching your goals. Try making a list of your top three shows or sporting events. As an experiment, limit yourself to just those programs a week. You’ll notice that you have more time for yourself, family, and income generating projects.

3. Let go of people and things that don’t matter- This can be very tough for you to do. If you really want to make more money it’s important to release insignificant things and negative people. Anything that isn’t positively contributing to your life or goals should be let go. Extra commitments and negativity drain your time and energy. Spending that time on productive tasks will make a larger impact on your finances and your happiness. Think about any event or person where afterwards you feel like you’ve wasted your time. Get real with yourself about if they belong in your life. Letting go of what you don’t want, makes room for new opportunities in your life and career.

If increasing your income is a high priority, then taking an honest look at how you are managing your time is imperative. You can have anything you want, if you choose to change your life. Identifying where you are wasting time can help you get clear and reach your goals faster. Reducing your time with social media, television, and things that don’t matter are ways to get focused. How will these time management tips help you make more money?