Managing time and setting goal to creating wealth

While we are busy trying to create wealth, time management become a critical skill we need to acquire if we want to be successful. We all have the same hours per day, 24 hours each to be precise. How each of use make full use of the 24 hours we have, make a great different between a successful and failure. I recieved a news letter recently from Jim Rohnbach, discuss about managing time:

"I don't have time!"
Let's take a look at how your mind is programmed about time. The majority of people are convinced they don't have enough time and walk around constantly saying, "I don't have time! I don't have time!" to themselves, almost as their mantra. And they also talk to others about how busy and stressed out they are, as if this were some badge of honor. Yet if I were to stop and ask them, "Can you think of someone who's more successful than you?" The response would be, "Of course!" Then I'd ask if they had the same 24 hours in a day, to which I usually get a dumfounded look and, "Well, yeah, I guess so ..." So the real issue is not having enough time, it's how they are managing (or, in most cases, NOT managing) their time.
The truth is, most people don't manage their time at all ... they let other people and situations manage it — and that's called "normal." These just happen to be the same people who don't have a mission statement and don't write down their goals. (Interesting coincidence, isn't it?) So here's a simple formula for you to begin to take control of your time:

1) Create a Mission Statement for your career. A Mission Statement is a paragraph that describes who you are and where you're going. In my definition, a Mission Statement also describes your major goals and a deadline, typically one year out.

2)Write down your yearly goals based upon your Mission Statement in all areas of your life: mental, physical, emotional, and spiritual. Mental goals relate to your career and your financial well-being. Physical goals are for the shape of your body and what you put in it. Emotional goals are for your relationships in life, both personal and professional. And spiritual goals are for the things you do to get you more in touch with your spirit, whatever that means to you.

3) Divide out your goals in these four areas. First, divide by 4 to get your quarterly goals. Then divide by 3 to get your monthly goals. Finally divide by 4 again to get your weekly goals. For example, if your Mission Statement goal was to make $120,000 in commissions and bonus by December 31, 2004, you would know your quarterly goal is $30,000, your monthly goal is $10,000 and your weekly goal is $2,500. As a producer, you may not be able to attain this weekly or even monthly amount. BUT — you may know that your average commission for one new client is $15,000. So you would need 8 new clients per year, 2 per quarter, one every 6 weeks. Then you would calculate how many face-to-face sales meetings it takes for you to add a new client (let's say 12), and then you know you'd need to schedule 96 appointments per year, 32 per quarter, 8 per month, and 2 per week.

4) Get out your weekly planner and write in the exact time you will be engaging in these goals. From the example above, if you needed 2 face-to-face meetings, you'd schedule in time for prospecting calls to get these on the books. You should view ALL the items you've written as APPOINTMENTS, so you don't get off track by the various inconsequential interruptions that happen throughout the course of a day.

As a habit, review your goals and planner DAILY to ensure you stay on track. I share with my clients a technique I call "The most important appointment of the week." It happens on the weekend, and it's with YOU. So you can pick a Saturday or Sunday morning right after coffee or a workout, or perhaps Sunday evening just before the coming work week. After letting your spouse and kids know you need some "space," sit down and set up your weekly schedule just as described above. I suggest you enter this weekend appointment in your planner initially to get the discipline of doing your scheduling. I guarantee you'll sleep better knowing your upcoming week is on track with your monthly, quarterly, and yearly goals.

To continue learning and improving goal setting and time managing, start with listening to the Audio program by Brian Tracy, The Ultimate Goal Program.