Five Quick Time Management Tips

Louder for the folks in the back. 🗣

I will take a productive day over a busy one any damn day. In fact, I have designed my lifestyle and trained myself on how to be more intentional with my time and energy. I have always found it interesting to watch people that can’t get their work or personal tasks done in the allotted time. Some even wear it like a badge of honor when they are working nights and weekends just to keep up, but it’s not a badge of honor and it’s definitely not a status symbol to be busy. It is our responsibility to stop this before we have another generation of stressed out, anxious, tired, overwhelmed “busy” kids.

In fact, I have found that being busy is more likely to uncover 3 things going on. The first and biggest is an inefficient use of time. Next is overthinking and lacking the ability to quickly make a decision and move on to the next task at hand. Finally, it can also uncover a perfectionist who is more focused on everything being perfect than everything getting done. So much time wasted on the above.

Obviously there are cases where the amount of work expected and the time provided to complete are off balanced, but I can promise this is a rarity. If you are one of those people that’s not managing your time, not able to make a decision quickly, and trying to make everything perfect, there are options to help you grow and get better with your time. Whether in work or your personal life, here are my 5 secrets to maximizing your energy while minimizing your output.

  1. Create a focused list first thing in the morning of 2-3 items that will serve as your goals or focus that day. If you are spending more than a few minutes on something not on your list, then just stop. It’s that simple.
  2. Time block either 30 mins or 1 hour and spend that time only doing what aligns with those 2-3 items. Don’t check your phone or emails during this time and it is best to start first on your biggest and scariest task. This not only gets it off your plate, but it also gives you a sense of accomplishment and energy to complete the next task. Then take a 5-10 minute break to get up, walk around, grab a snack or whatever before you start the next time block. This may be one of the best kept secrets! It really helps focus on one thing vs multi-tasking, which has been proven to not be effective.
  3. If other items do come up, and they will, just block them out until your time block is up. You do have to plan for these unexpected tasks in your day though. Make sure you are keeping an hour or so a day set aside to handle new tasks that need completed quickly. Follow the time blocking tip to handle, along with OHIO mentioned below. Lastly, it is perfectly OK to say no. Try it once and see how good it feels and how easy it is may surprise you! No explanation needed. Also, I think a lot of people feel like they are doing the right thing by saying “yes” to everything, when in fact you are likely hurting yourself, your other priorities, and whatever you decide to take on if it’s not within your areas of focus or you don’t have capacity for it.
  4. OHIO-Only handle it once is another one of my favorites. If it’s something that you know could possibly come back onto your plate at some point, try and anticipate what could cause that to come back and go ahead and address it. This is especially effective if you have an email that has several questions. Sometimes it is easier to just call the person and answer all questions, along with asking them if they have other questions. This cuts down on the back & forth emails that require you to think about it and focus on it for several rounds of back and forths. Put yourself in the other persons shoes and think what questions you may have and just answer all of them.
  5. Delegate!!! My best example of this is house cleaning. I know my weakness is cleaning and it takes up a large portion of my weekend. I started delegating this to a professional about two years ago, and have never looked back. I am now able to focus my time and energy on my family, my health and growing my business. All of these items make it worth every penny spent and it gives me the opportunity to bring in more money through growing my business that easily covers this expense. Delegating work to the right person gives you more time and energy to focus on the items you are good at.

Since time is a non renewable resource, time management skills are something that more people should be focused on improving instead of continuing to work “harder”. I also honestly have zero patience for those that believe they have to “hustle and grind” from sun up to sun down and are spreading that nasty rumor to the rest of us. Those that fall for the hustle and grind are setting themselves up for a lifetime of inefficiency IMO. Y’all go ahead..I’m going to focus my energy on the two or three tasks that are most aligned with my goals and then I’m going to take a nap. 🤷‍♀️

Anyone else on the work smarter not harder team?!

House #4 Purchase Details

Have you ever bought a house in a pandemic? This was actually our 3rd closing since Corona hit, so we know the drill pretty well. My favorite was the refi on our personal house that we did in our driveway, wearing masks and gloves on a garage sale table…because..who’s going to let a little pandemic stop them from reaching their financial goals?! Not the Templeton’s!! Shoot..I even put on my fancy muscle tank and best jean shorts to mark the occasion.

But..I am here to tell you all the numbers, since that is one of my favorite parts of these house posts. (Mainly because I’m super nosey and want to know all the details of other people’s purchases, so happy to share when I buy one)

Here they are:

We bought The Toto House off a wholesaler who was asking $50k and had another offer for $40k. I told him I was all in at $38k and could close within a few days. He accepted our offer, even though it was lower, because the other guy was flaky and he liked that I would close fast. We paid $40,141 total and had the shortest and least amount of paperwork in the history of time. So short that I almost forgot I was buying a house and my husband had to remind me we needed to ask for the keys. 😅 This experience of negotiating with all cash and an easy fast close makes me want to do all cash from this moment on!!

Our goal was to use our HELOC on our personal home, but our bank is not into fast and easy closings..lol. It’s a month in and we still don’t know when or how much we are approved for, so this was bought with our savings and part from a private loan.

We are estimating about $10,000 in rehab costs, another $2,500 in closing costs for the refi, and low comps in the area are right around $75,000. If we appraise at the lowest expected amount of $75,000, then 75% LTV would be $56,250. When we stay on budget, we will be all in at $52,641. So we should be able to pull all of our money out and also make about $3,500. If we underbid the rehab, then that $3,500 also gives us some flexibility within our budget or on the appraisal, both learnings from my last project. (We did also already account for 10% contingency)

Excited to get started on this as our first DIY renovation. (will sub out floors but plan to do a lot of the rest on our own) Of course this is just the B in BRRRR and I will share any and all details along the way. Let me know what questions you have!!

The Power of Negotiating

Have you ever wondered what’s negotiable? The simple answer is everything is!! Yet not everyone uses the power of negotiation to get what they want or what they deserve.

Some of the most common areas that negotiation comes into mind is for a job salary, or maybe for major purchases like a car or house. But not everyone may realize other things you can negotiate, so I’ve compiled a list to give you some ideas and to get you thinking on creative ways you could negotiate these items.💡

1. Electronics

2. Furniture

3. Medical bills

4. Fees such as interest rates, overdraft, late fees, etc.

5. Job title

6. Job benefits package

7. Real estate

8. Renovations

9. Income tax

10. Services of any kind

11. Food

12. Education

13. Credit card debt

Now that I’ve got your wheels turning, I know there are really 3 types of negotiation tactics to consider.
1) People who believe they cannot negotiate or quietly take the first offer fearful of missing out.
2) People who aim high and believe in splitting the difference to come to terms.
3) People that are ready to speak up with valid points to support what they want and are not afraid to stand firm or walk away if needed.

The 2nd option is great for someone who is new to negotiating, however, option 3 is what you should be aiming to reach. Your first few will always be a little rocky, but as you practice and win a few, you will start gaining confidence and figuring out your personal negotiation style.

Then you can start coming to the table with 2-3 facts clearly outlined to support your side. It’s very important to master the art of knowing when to present them and then knowing when to stop talking, sit quietly, even with awkward silence, and wait for their response to your request. The worst that can happen is they say no. Which a no is your opportunity to be prepared to thank them and walk away. No usually means not right now, but you will be surprised how many of these “no’s” will turn into “I’m listening now” in a few days or weeks time, when the other side realizes your offer was strong and they will respect your ability to stand firm. Mindset is key because if you don’t believe you deserve it then nobody else will believe it and they will see right through you, so start by always knowing your worth and never compromising on it.

Keep in mind also that not all negotiations involve money either. For example, sometimes time may be on the table, such as in real estate. I was able to make a lower cash offer because I also knew that I was able to close in under a week, which made my offer strong. Time is also something that can be negotiated in a benefits package if you are offered a certain amount of time off in a benefits package..you can always ask for more!

One of my most random negotiations included 8 month pregnant me at a car dealership with a craving and making sure they added a pizza on top of all the other items I wanted on my SUV. I am a believer that if you aren’t asking, you could quite literally be leaving food on the table.🤰🏼🍕

One of my favorite recent wins was the $12k below asking I was able to negotiate on our recent home purchase. I used time as my offering instead. I knew he had an offer above what I put in by $2,000, but I told him I was able to close quickly. Turns out he wanted the guarantee of a quick close (in 4 days) more than the $2,000 and waiting for that other person to gather their funds and possibly not being able to.

Share your negotiation wins with me!👇🏼👇🏼