The Money Task First Principle
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Are you prioritizing the wrong tasks? Most people prioritize low impact tasks, and let their high impact ‘money tasks’ drop off the to do list each day. The solution is The Money Task First Principle. By flipping your day around, you can achieve more while working less!
One of the key lessons I teach in my signature program, Profitable Productivity, is the Money Task First Principle…
The concept is simple… The Money Task First Principle says:
‘Do the task that’s going to have the biggest impact on your bottom line FIRST every day and don’t allow yourself to do anything else until you’ve done your Money Task for the day.’
But it’s amazing how few people do that!
In fact, one of the biggest reasons why most people are not more successful is that the very tasks that would actually move their business forward – the tasks that would make them the most money – are the exact same tasks that typically languish at the bottom of the to do list.
The very tasks that should be TOP PRIORITY are the ones that NEVER GET DONE because they get crowded out by all the Low Impact Tasks and ‘busy work’ that you feel you ‘have’ to do every day.
And also because those High Impact Tasks – those tasks that would really drive your business forward, feel a bit daunting and scary… and a bit too much like ‘work’.
Low Impact Tasks generally feel easier and more ‘fun’, so we prioritize them instead.
But if you spend your whole life prioritizing Low Impact Tasks, you will NEVER make progress on the things you really care about!
I often get asked questions like, ‘What’s the secret to your success?’ and, honestly, I credit a huge amount of my success to the Money Task First Principle – simply by prioritizing my ‘Money Tasks’, I am able to make real solid progress towards my goals every single day.
Wondering how to apply the Money Task First Principle to your business? Then read on, because I have a few tips…
How to apply the Money Task First Principle
1. Identify your Money Tasks
The first step towards applying the Money Task First Principle is to identify your ‘Money Tasks’ – these are the tasks that will actually make you money! Take a look at your to do list and ask yourself – which of all these possible tasks and activities would have the biggest impact on my bottom line?
2. Apply the ROTI filter
Now, you have a shortlist of high impact ‘Money Tasks’, the next step is to apply the ROTI filter… ROTI stand for Return On Time Invested. Or, in other words, which out of all the tasks on your shortlist will give you the best return on your TIME invested.
Almost everyone will have a few activities on their shortlist that won’t take long, but will have a significant impact on their bottom line. If you’re not sure, then check out this post >>> 14 high impact blogging tasks you can do in 1 hour or less
3. Prioritize your #1 task
Now take the activity that you consider will give you the highest ROTI and prioritize it.
What do I mean by prioritize it? I mean do at least one hour of that task FIRST every day – before ANYTHING ELSE! Before checking social media, before checking your emails, before checking the news, before checking your phone, before doing any kind of admin… Do your Money Task FIRST every day.
Need help with this? Then check out this post >>> How to plan your day for maximum productivity
4. Rinse and repeat
Once you’ve completed your highest ROTI task, move on to your second highest ROTI task and repeat the process – prioritizing that task every day until it’s done… I hope you can see how, if you continue to prioritize your Money Tasks (instead of leaving them languishing at the bottom of your to do list!), over time, you’ll massively boost your income and finally start making progress on the things that really matter to you!
Why time is NOT your biggest problem…
Want to learn more about how boosting your productivity can boost your income? Then watch my free masterclass: STOP BLAMING TIME!
In this training you’ll learn how time is not your biggest problem, but rather the biggest roadblock to success is how you USE the time you have available. By using your time more effectively and efficiently, you can achieve MORE while working LESS!
In this fluff-free, action-oriented, productivity masterclass I’ll show you:
- How poor productivity is costing you MONEY!
- Why DOING LESS will actually make your business much MORE SUCCESSFUL
- How to prioritize your HIGHEST IMPACT TASKS
- How to identify what’s NOT going to help you achieve your goals – so you can cross those things OFF your to do list FOR GOOD!
- How to consistently follow through on your plans
WATCH IT NOW >>> STOP BLAMING TIME!
- Why setting goals will make you more successful
- How to actually achieve your goals: The real ‘secret’ to turning your dreams into reality
- How to plan your day for maximum productivity
- How to stay focused… and massively boost your productivity!
- 21 habits that will massively boost your productivity
- From Good To Great: 5 lessons for bloggers and online business owners
Don’t miss a thing!
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