Eisenhower was the 34th President of the United States, serving two terms from 1953 to 1961. During his time in office, he launched programs that directly led to the development of the Interstate Highway System in the United States, the launch of the internet (DARPA), the exploration of space (NASA), and the peaceful use of alternative energy sources (Atomic Energy Act).
Before becoming president, Eisenhower was a five-star general in the United States Army, served as the Supreme Commander of the Allied Forces in Europe during World War II, and was responsible for planning and executing invasions of North Africa, France, and Germany.
At other points along the way, he served as President of Columbia University, became the first Supreme Commander of NATO, and somehow found time to pursue hobbies like golfing and oil painting.
During his time in the army, Eisenhower was faced with many tough decisions concerning the tasks he had to focus on every day. This led him to invent a principle that helps us prioritize our tasks by urgency and importance. This decision making system is often referred to as the the Eisenhower Matrix. This Eisenhower matrix results in four quadrants with various strategies.
Using the decision matrix below, you will separate your actions based on four possibilities
1. Urgent and important (tasks you will do immediately).
2. Important, but not urgent (tasks you will schedule to do later).
3. Urgent, but not important (tasks you will delegate to someone else).
4. Neither urgent nor important (tasks that you will eliminate).
Here is how I have classified some of my personal growth and finance goals/tasks.
* Urgent and important – I have a daily spending budget. I track expenses as they occur. I use my emergency fund to resolve financial issues as they arise.
* Important, but not urgent – I have a three year financial plan which I am implementing to the dot.
* Urgent, but not important – I have delegated most of the routine finance and business management activities to other people. My focus is usually on defining the strategy, allocating capital, and occasional monitoring. For instance my Treasury Bill portfolio is managed by Crested Capital.
* Neither urgent nor important – I have eliminated routine watching of TV and listening to radio. I have substituted this with personal growth educational material from YouTube.
The Eisenhower Matrix can help you to get more things done at work and in your businesses. This will enable you to provide more valuable service to other people. Since money is a reward for service rendered your bank account will soon begin to bulge.
Check out this website to dig deeper into this strategy: