I had a colleague who was a very effective manager. His branch usually outperformed the rest of us. So I observed and inquired of him what his secret was. He told me that he focussed only on a few vital tasks instead of wasting time on the many trivial tasks.
For instance to boost his monthly cash collections he would focus his debt recovery efforts on just a handful of the biggest customers. The rest of us were very busy chasing thousands of the smaller customers.
There are a handful of things one needs to focus to achieve financial success:
- Getting into the right career or business;
- Saving money consistently;
- Managing debt well;
- Investing prudently; and,
- Avoiding major losses.
It is easy to get caught up in the busyness of life by wasting our precious time on trivial matters. Simply focussing on a few vital things will tremendously improve your finances.