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

07-JULY 29-2021

Good morning. Yesterday saw the latest Fed meeting.  As expected, the Fed had some nice things to say about how the economy was doing, and why all those rising prices and shrinking portion sizes at the grocery store were temporary.  But when it came to, say, pulling back on the billions of dollars per day of bond buying, the central bank once again punted on the issue, saying they were looking into it. This is a replay of its model from the last crisis.  Yes, the Fed will eventually scale back its bond buying, possibly even to zero.  And it

07-JULY 28-2021

Good morning. Last week saw the stock market dive on rising Delta variants to Covid 19.  Yesterday saw a big drop, particularly for tech.  The reason?  A crackdown by China over a number of companies there. These drops are usually healthy, as they help curb speculation and keep traders on their toes, either by quickly turning profits into losses, or by creating new trading opportunities at a better value.  This summer’s market is starting to look like the summers in the mid-1990s when tech stocks would correct going into the autumn, only to end the year higher.  In the meantime,

07-JULY 27-2021

Good morning. Trading is fun and exciting, and being able to leverage small short-term moves into big profits makes for a fun and profitable hobby, even with the occasional big loss to talk about.  But some of the best returns can come from taking a long-term position in a multi-year trend. In a special edition of Trading Tips today, we’ll be looking more in-depth at what’s set to be the biggest trend of the decade.  It’s potentially a $30 trillion market, far bigger than 5G, the Internet of Things, all the meme stocks combined, and even cryptocurrencies.  It’s changing the

07-JULY 26-2021

Good morning. As much as Wall Street loves rumors, Washington DC is the major league.  The latest rumors are that Federal Reserve Chairman Jerome Powell might not be nominated for a second term to lead the Fed.  While his tenure has been little different than his prior two predecessors given the crises he’s had to deal with, some progressives don’t think the Fed chair has done enough on income inequality and other matters. That could lead the White House to find a more radical leader for the central bank, potentially even one willing to embrace the latest economic theories such

07-JULY 25-2021

Here’s to a better YOU … and now … Today’s DarrenDaily Recap Sunday.  A collection of the weeks videos from Darren Hardy.  Enjoy! Naturally beautiful: Waves Crash Across the Rocky Shore. … I’ll watch awhile!. July 25, 2020 David Newman suggests YOU Grow Your Business with a Book! One of the fastest ways to grow your business (especially now) is with a book that positions you as an expert. Why? Because as opposed to webinars or events a book gives your prospect instant gratification.  They are able to download it and consume it the exact moment they see it. So

07-JULY 24-2021

Letting Go Of Guilt “Guilt can stop us from taking healthy care of ourselves.” –Melody Beattie Guilt is like a rock.  It sits in the pit of our stomachs and can weigh down our every thought, behavior, and action.  It can distract us all throughout the day and keep us awake at night.  Our muscles work overtime just to carry it around, and yet we still hold onto it. It’s imperative that we stop feeling so guilty. That’s not to say that you shouldn’t feel guilt.  True guilt is a loving instrument from Spiritual Guidance used to convict, correct, and confirm your

07-JULY 23-2021

Good morning. Technology companies need to constantly innovate.  That results in a high amount of money being spent on research and development, which in turn helps keep a company’s taxes lower than a company that makes the same product year-in, year-out. So it’s no surprise that regulators are always on the lookout for ways to try and get more taxes out of these massive firms that often have little to no earnings.  One proposal is being floated for a new generation of technology: a space tax.  Or, more specifically, a per-passenger tax on space flights like the ones just completed

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