It is rightly said that “Time is money.” The two concepts are more interconnected than you think. People who have perfected time management are more productive and, in turn, earn more income compared to others.
You, too, might be wondering how to manage your time productively and increase your income. Well, don’t worry. You have come to the right place. In this blog, we have discussed four easy time management techniques that will increase your productivity and, ultimately, your income.
So, let’s begin.
1. Have a Clear Financial Goal in Mind
The first and foremost thing you need to be better at time management, and increasing your income is a clear financial goal. Knowing what you want financially will help you save time and money in the short and long run.
Thus, take the time to determine your goals and write them down. Ask yourself questions like, “Where do you see yourself in six months, one year, or five years down the line?” Based on the answers, calculate your income, spending, and other financial aspects to help you achieve the goal.
2. Create an Hourly Rate for Your Work
The next step is calculating an hourly rate to help you achieve your goals. This will help you figure out how many hours you need to work to achieve your financial goals. For example, suppose you want to earn ten thousand dollars a month by working forty hours a week. Thus, you will need to earn around sixty-two dollars per hour to earn the desired amount.
Depending upon your financial goal and the amount of time you wish to work, you can figure out the hourly rate to help you achieve the goal. You can also increase or decrease the hourly rate and the working hours per your need without compromising your financial goal.
3. Limit Your Social Media Usage
We use our smartphones for two to three hours or even more daily. A massive chunk of it is wasted on mindlessly scrolling through social media apps like Instagram, Facebook, and others. This results in reduced productivity and, in turn, lowers our earring capabilities.
Thus, to better manage your time productively and increase your income, you need to reduce the amount of time you use for social media. You can use in-built functions or third-party apps that restrict the usage of apps after a certain duration. You can also delete the apps to remove distractions and better utilize your time.
4. Set Rewards for Achieving Goals
Setting goals and planning rewards can motivate you to start the task, keep working, and complete it on time. This, in turn, builds discipline and reinforces good behavior and habits that can help you achieve your financial and other goals.
Thus, set rewards for completing a task on or before time. This can be something as small as treating yourself to your favorite chocolate. Your brain will slowly get accustomed to rewards, and you will work hard to complete the tasks assigned on time.
Conclusion
We hope the tips mentioned in the blog will help you manage your time productively and increase your income. The steps are easy to implement in your daily schedule, and you can start seeing results immediately.
So, when are you implementing them in your life? Did you see any improvements after practicing the methods? Do let us know.
