12-DECEMBER 28-2020

How Safe is Safe?Good morning.
We’re all looking forward to 2020’s end.  It’s in sight.  While the day-to-day grind may not be that different right away, the end of the calendar year can make a huge difference to your wealth.
As the last week of the year kicks off, it’s your last chance to sell some positions and book a loss.  By doing so, you offset gains and lower your overall tax payment.  This week marks the last time to talk with your accountant or broker (if you have one), and make sure you take advantage of any losing positions in your portfolio to lower your taxes.

Now here’s the rest of the news:

 

December 28, 2019

Busy vs Productive

What was your answer the last time someone asked you, “How have you been doing?”  If you said, “Busy,” you’re certainly not alone.  We hear it more often than not, and to be perfectly honest, we often feel the same way.  But here’s the deal: There’s a tremendous difference between being busy and being productive.  Even more, there’s a big difference between productivity and focused productivity.

As the quote above suggests, being busy and productive without clarity about your priorities and a focus on what’s most important is useless.  Heck, you could argue that it’s worse than useless; it’s potentially harmful and damaging.  So, how can you avoid the “productivity trap”?  Here are a few ideas:

  • Make a “not-to-do” list.  Write down all of the things you’re currently doing that aren’t worth the time and effort you’re spending on them.  Delegate them, if possible, or…
  • Let go of the rest.  Focus on the essential items, and if something is not important and not urgent, get rid of it.  If you need help with this, check out Greg McKeown’s book Essentialism.
  • Plan ahead.  Once you know what you will and won’t do, prioritize your to-do list.  Some people do this weekly, but most people do it daily, mapping out their agenda for the next day the night before.
  • Do a daily recap.  While you’re doing your nightly lineup for the following day, do a daily recap to see how you did.  What went well?  Where can you improve?
  • Clear the clutter.  Clutter on your desk, your office, your inbox, etc., can be very distracting.  Make sure you set aside time weekly to tidy things up.  This not only helps keep things clean, it also helps you from getting sidetracked with spontaneous house cleaning.
  • Put one foot in front of the other.  Sometimes the most daunting step is the first one.  But rather than paralysis by analysis, just take one step — in any direction.
  • Batch similar tasks together.  When you’re putting together your daily lineup card, batch similar tasks together whenever possible.  Set aside dedicated time for emails, phone calls, projects, meetings, etc., rather than sporadically spacing them out.  Every time you change tasks, there’s an opportunity cost; that’s right, we’re suggesting that you don’t multitask.
  • Set a timer.  If you have trouble being disciplined with your time, use a timer.  This is an incredibly useful tool for most people.  It helps create a sense of urgency, it can alleviate feelings of being overwhelmed, and it creates a light at the end of the tunnel, so to speak.
  • Schedule mini-workouts.  Physical activity boosts energy levels, helps manage hunger and blood sugar levels, improves cognitive function, and boosts productivity.  Schedule 5- to 10-minute micro workouts during your work day.
  • Improve your communication.  If you’re too wordy, you can be leaky valuable time and creating confusion.  Keep things as simple as possible and focus on answering questions — not creating new ones.

Here’s Darren Hardy to recap; “Are You Playing To Win… Or To Not Lose?”

When you combine productivity with focus, well  that’s where the magic happens.  Get-rrrr Done … 😉

IMG_0712
Come From Aways, Do You?

More Posts

10-OCTOBER 16-2021

“When trauma comes, we can learn from it, heal from it, and move through it.” –Dr. James Gordon Listen, Pause, Clarify and Validate Our ability to communicate effectively is one of the most precious skills we can develop.  Most of the time, when we think of communicating well, we think of effectively expressing ourselves.  This is certainly important, but listening is the single most important of all communication skills.  It’s what Stephen Covey calls “Seek first to understand and then to be understood.” Listen First and foremost, we must actively listen to what someone is saying.  Perhaps we were given

10-OCTOBER 15-2021

Good morning. Wednesday’s inflation numbers came in at a 15 year high.  But beyond the headlines, core inflation numbers have started to show a slowdown, with a rise of 0.2 percent from August.  It’s not a reversal, but a still-hidden sign that inflation may be moderating.  The bond market picked up on the news, with yields ticking down slightly. If that’s the case, then many of the fears impacting the market right now may go away.  That could explain part of Thursday’s rally, on top of the debt ceiling delay to December.  While we’re not out of the woods yet

10-OCTOBER 14-2021

Good morning. Inflation may be the headline story, but it’s just one factor that could impact corporate profitability this earnings season.  Many companies are able to pass on rising costs to customers from run-of-the-mill inflation.  But higher energy prices, which have been running hotter than official inflation measures, represent a much larger bill for many companies.  We’re already starting to see warnings on that front, including form airline companies, as oil prices hit a seven-year high. But there’s one more threat out there.  Last week, 136 nations signed an agreement on a minimum corporate tax rate of at least 15

10-OCTOBER 13-2021

Good morning. Earnings season is kicking off in earnest this week.  Typically, companies are able to beat expectations most of the time as Wall Street analysts adjust their expectations ahead of the results.  This time around, with companies coming off one-year numbers that look good from the lockdown era, combined with rising labor and energy costs, it’s possible that earnings may have peaked for the time being. If that’s the case, it comes down to guidance and expectations as to where the market goes from here into the end of the year.  With a labor market that’s still somewhat sluggish,

10-OCTOBER 12-2021

Good morning. One sign of an overvalued market occurs when company CEOs step down from their role, often after many years.  It’s tough to bow out at the top, and those who can will try to do so, rather than stay too long and get forced out after a bad decision or market events destroy shareholder value.  We saw a large rush of company executives leave in early 2020, just into the pandemic selloff. Now, that trend has slowed down.  But it’s not over yet.  Henry Kravis and George Roberts, founders of private equity giant KKR, are stepping down as

10-OCTOBER 11-2021

Good morning. The term “unicorn” was created to describe startup companies that had a valuation of over $1 billion based on their latest round of funding.  The notion was that such a company should be rare, as at that size it would make sense to take a company public. Yet today there are hundreds of unicorns.  The rare species has become a herd.  And none is bigger than SpaceX, the space exploration company run by Elon Musk.  A recent funding round has led the company to become the first centi-billionaire firm, with a valuation of over $100 billion. By the

10-OCTOBER 10-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Describing its beauty!!! Beautiful red fishing shack and boat house at the Atlantic ocean shore, Newfoundland, Canada …very peaceful! October 10, 2020 The KEY To Change “Everyone thinks of changing the world, but no one thinks of changing himself.” —Leo Tolstoy Everything begins with a belief.  As Ralph Waldo Emerson once said, “Life consists of what a man is thinking about all day.” Along those lines, what we think determines who we are.  And who we are

Like this article?

Share on facebook
Share on Facebook
Share on twitter
Share on Twitter
Share on linkedin
Share on Linkdin
Share on pinterest
Share on Pinterest

Leave a comment

Send Us A Message