As painstaking as it might sound, tracking your activity and focus patterns is an important exercise.
A new year often encourages goal-setting and that’s a good thing! Without goals, we don’t get far.
Today, I’d like to address a chief reason that most people don’t reach that “best destination” with their finances: Distractions. As painstaking as it might sound, then, tracking your activity and focus patterns is an important exercise. I just completed activity-tracking for myself since I am expanding my company this year and want to be sure I am staying focused on the things that will help me to do so most effectively.
As I recognized a theme emerging, I asked Bob to track his thoughts and activities when it came to money. For two weeks, he was to log daily each time a family member asked for money or when he noted something in the business or otherwise that hurt the finances. The bottom line? Bob was losing a good amount of cash flow and potential income by not placing boundaries around family members borrowing money, and by not confronting his managers’ under-performance. We worked on this over some months, and Bob was able to gain the confidence he needed to do both, without losing close relationships or terminating anyone at work.
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