{"id":1364,"date":"2020-08-24T16:00:57","date_gmt":"2020-08-24T14:00:57","guid":{"rendered":"https:\/\/timingapp.com\/blog\/?p=1364"},"modified":"2023-10-25T12:49:26","modified_gmt":"2023-10-25T10:49:26","slug":"why-time-management-is-key-to-building-your-income","status":"publish","type":"post","link":"https:\/\/timingapp.com\/blog\/why-time-management-is-key-to-building-your-income\/","title":{"rendered":"Why Time Management is Key to Building Your Income"},"content":{"rendered":"

\"Building<\/p>\n

Interested in building your income?<\/p>\n

Who isn\u2019t?<\/em><\/p>\n

A higher income potentially means more financial stability…finally taking that vacation…putting a down payment on a house…or simply having additional cash to do (or buy) more of what you love.<\/p>\n

Here\u2019s the thing: many of you might equate \u201chigher income\u201d with grinding out more hours on top of an already loaded work schedule. Earning more may not feel feasible when you\u2019re already feeling exhausted at the end of the workweek.<\/p>\n

The good news? You may be able to earn more money not simply by working harder, but by improving how you manage your time<\/strong>.<\/p>\n

In this article, we\u2019ll look at why time management is key to becoming a more efficient worker, and in the process, a higher earner. We\u2019ll also look at how 9-to-5\u2019ers, freelancers, solopreneurs, entrepreneurs, and job searchers alike can build their income through more strategic use of their time.<\/p>\n

<\/p>\n

Time Management: The Not-So-Hidden Key to Being More Productive & Efficient<\/h2>\n

At the end of the day, you can<\/em> potentially earn more money by slogging away for longer hours.<\/p>\n

But in a culture already deprived for time, taking on a 60-hour workweek might not be the best solution for building a more fulfilling life (which is ultimately what we\u2019re after with a higher income, right?)<\/p>\n

In fact, two-thirds of workers<\/a> are affected by burnout…and time poverty<\/a> (not having enough time to do what we\u2019d like to accomplish) is an issue that affects all of us, regardless of our demographics.<\/p>\n

The good news? Shifting the way you use your hours \u2013 not just how many hours you use \u2013 can help you earn a higher income.<\/p>\n

\"Building<\/p>\n

A 4-Hour Workweek?<\/h2>\n

In more recent years, some gutsy solo\/entrepreneurs have flipped \u201chard work\u201d on its head, and taught us all that we could be making a lot more money in a lot less time.<\/p>\n

Take Tim Ferriss, who made the 4-hour workweek<\/a> famous and now teaches on radical efficiency to achieve better outcomes, faster. Ferriss reframes the rules of conventional thinking on time, money, and productivity\u2013and has the financial clout and influence to prove his credibility.<\/p>\n

Or Anthony Moore, who writes about productivity, building an income, confidence<\/a>, and more. Like Ferriss, Moore is a firm believer in changing your mindset to change your life \u2013 as he says, \u201cIf you want a 1% raise at your job, you might be able to get it. But if you want a 100%, or even a 1000% raise, you\u2019re going to have to retool your entire mindset<\/a> altogether.\u201d<\/p>\n

Moore continues to explain how he increased his income by 1,000% by offering something of increased value.<\/p>\n

Even more well-established influencers like former business exec Seth Godin writes about selling your value, not your time<\/a>.<\/p>\n

All that being said, the underlying idea remains the same: what matters is not how much time you spend on something, but how wisely you use your time. Because at the end of the day, you can increase value without increasing time.<\/p>\n

The Bottom Line: Time Management is Key<\/h3>\n

The biggest obstacle to using your time well is lack of focus and strategy. We all know how easy it is to get distracted, even with the best intentions (I will<\/em> finish this project by 4pm!). As we\u2019ve spoken about previously at Timing, getting distracted is easier than ever<\/a> in a world of social media, notifications, and rapid information flow.<\/p>\n

Here\u2019s the good news: with a few specific strategies for greater time management, you can not only overcome distractions \u2013 you can build habits and systems to help you earn a higher income.<\/p>\n

In the following sections, we\u2019ll look at how better time management can ultimately lead to a higher income \u2013 whether you\u2019re a FT employee, freelancer, emerging entrepreneur, or job searcher.<\/p>\n

Build Your Income By…Setting Goals<\/h2>\n

One of the most simple, powerful tools of better time management is goal-setting<\/a>. Goals give your brain an easy target to reach, a strategic \u201cbullseye\u201d that can help keep you on task and working toward your final outcome.<\/p>\n

Here are a few ideas for goal-setting to help you achieve a higher income:<\/p>\n