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Friday, September 01, 2006

Doing Some Things Differently

It's said that if you keep doing things the same way but they're not working, you need to try something different. So I have resolved to:

  1. Figure out whether I really am motivated to go after more money. As a project manager focused on nonprofit organizations for the past six years, I've chosen principles over maximum financial return. If I do want to have more wealth in my life, then why hasn't it happened? My wife suspects that I am getting stuck in the 'research' phase, and can't move into the 'action' mode.
  2. Seek out 'multiple streams of income' as professed by Robert Allen. Having had many jobs in the past suddenly end without warning, it is obviously better to have many ways to earn rather than depending on a single source. The eventual hope is to not have to depend on a full time position at all, and only work when and where I choose to.
  3. Early to Rise recommends getting up one hour earlier as a secret of successful people. As much as I dislike getting up earlier, I'm going to give it a try. By taking this time to focus on developing these additional income streams, maybe I can make some better progress.
  4. I will also block out time on each weekend, at least 1/2 day, to focus on building wealth.
  5. Unfortunately, I will need to curb some of my volunteer activities until I can afford to continue them. Now treasurer for Congregation M'vakshe Derekh, I may need to step back from my webmaster role until I can afford to continue these activities.
  6. I will work with my wife to pick out 5 items that we can put up on eBay this weekend. Many others seem to do well with this strategy. Seems like there's little to lose and much to gain by giving it a try.
  7. My wife and I will setup a weekly meeting to review finances and revenue generation strategies. We've often slipped when we've tried to do this a past, but we need to make this a priority to keep each other informed and motivated.
As I often do as a project manager, breaking up tasks into smaller phases may be the key to get back on track for earning more income.

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