How to Make Money from Home on Limited Time [5 Productivity Hacks]

How to Make Money from Home on Limited Time [5 Productivity Hacks]

You’ve got the perfect business idea but
how do you find the time in an already busy schedule? How do you get more hours in the day to make
money from home? In this video, I’m sharing three tips to
find more time and five productivity hacks that will get more from your time. This is the same strategy I used to launch
my side hustle business while working full-time, studying for a professional designation and
managing my own rental homes. We’re talking making extra cash on limited
time today on Let’s Talk Money! Beat debt. Make money. Make your money work for you. Creating the financial future you deserve. Let’s Talk Money. Joseph Hogue with the Let’s Talk Money channel
here on YouTube. I want to send a special shout out to everyone
in the community, thank you for taking a little of your time to be here today. If you’re not part of the community yet,
just click that little red subscribe button. It’s free and you’ll never miss an episode. I showed you in our last video how to find
that perfect side hustle idea, the work from home business that fits your interests and
your goals. But that’s not enough is it? In that survey of the community a few weeks
ago, you told me one of the biggest hurdles to making extra money is limited time and
you aren’t kidding. Sometimes there doesn’t seem to be enough
hours in the day to just get by, let alone manage a new business. So in this video, I’m going to share how
I found the time to start my online business in 2012, all while working a full-time job,
studying for a professional designation and managing my rental real estate portfolio. I’m also going to reveal five productivity
hacks that will help you get more from your time, whether it’s at your 9-to-5 or your
home business. I’ll leave a link in the video description
to that first video in the series. Be sure to check that out because besides
listing out 101 of the best work from home ideas, it explains the motivation behind a
side hustle that will be critical to your success. Don’t forget to tap that subscribe button
and the bell notification because in our next video, I’m wrapping everything up with 10
business tricks that will turn your side hustle into a six-figure payday. Now let’s get to that system to find more
time in your day and then I’ll share those productivity hacks. Understand though, we all have the same 24
hours in a day. Not having time for something doesn’t mean
the time wasn’t there, it’s just that you prioritized something else. So I’m going to show you a unique system
I developed to see where your time is going and help shift some of that to your side hustle
without sacrificing free time. And this starts with keeping a time-journal
for a week, writing down everything you do down to 15-minute blocks. We all have a basic idea of where our time
goes but actually writing it down is going to find a lot of the little things that you
might not even realize. It might surprise you how much time you spend
on some items. People surveyed in a UK study estimated they
spent 15.5 hours a week watching TV…but real data collected from Nielsen found they
actually spent an average of 26 hours with older groups spending even more time each
week.. Another study found that people spend an average
of almost two and a half hours per day on social media! Seeing some of this and where your time actually
goes is going to give you the hard truth about where you can find time. Be detailed in your journal, down to the specific
TV show you watched because this is going to make it easier to cut some of that time
while still being able to watch your favorite shows. Now I’m going to share a unique system of
looking at the time you spend, making time for your side hustle but without sacrificing
all the things you enjoy doing. First though, I want to get your opinion. As kind of an informal survey of the community
to see how we’re spending our time. Tell us in the comments what you spend the
most time on outside of work. Where is that time that you might be able
to shave a few hours a week for a side hustle? So scroll down and tell us in the comments
below the video. So next you’re going to get a piece of paper
and draw a large square and separate it into four boxes. At the top left corner, write the word Important,
and at the bottom right corner write the word Enjoy. What we’re going to do is put all the things
we did in the week into one of these four boxes according to how important they are
and how much we enjoy them. So things in the bottom-left box aren’t
really important or enjoyable. This is where you’re going to find a lot
of your extra time because you can drop these things altogether but let’s look at those
other boxes as well. Things you put in that top-left box are important
but you don’t really enjoy doing it. These are going to be things you want to delegate. You’re going to get someone else to do these
if or when it’s financially feasible and let me tell you, start growing your side hustle
and you’re going to have the money to do that fast. Things you put in that bottom-right box are
enjoyable but not really important. These are those guilty pleasures that you
want to limit but don’t want to cut them out completely. This last box though, the one in the upper-right,
the things in this box are both important and enjoyable. This is your home, this is the time of the
day you can feel good about. Looking at the things you put in this drawing,
I guarantee you’re going to be able to find an extra hour or two a day from things you
do that aren’t particularly important or enjoyable. That’s golden information whether you’re
starting a side hustle or not. Use just five of those hours a week though
to run your work from home business and you’ll be on your way to that financial independence
fast. Now I’ve got two more tips to finding more
time before we get to those productivity hacks to get more from your time. First is to schedule that time each week for
your side hustle and set one or two short-term goals that will feed into your long-term goals. What I mean here is you should have at least
one or two tasks you want to finish each week to accomplish these short-term goals. Now I’d recommend having a couple of weekly
goals and maybe a couple of goals you want to accomplish by the end of the month. These should all be related to a longer-term,
maybe a one-year goal. For example, meal delivery side hustle, you
might set a one-year goal of having four regular customers a week. This is one of my favorite side hustle ideas,
one that we’ve talked about on the channel, cooking a meal in bulk and then offering local
delivery. So if your long-term goal is four regular
customers per week, your goal for this month might be to connect with one or two groups
where your typical customers are at just before dinner time. So I’m thinking something like daycare centers,
civic groups, and maybe you partner with these groups offering them something in exchange
for being able to put up a flyer for your meal delivery service. Now if this is your one-month goal, maybe
your two one-week goals are to reach out to four or five of these organizations. Maybe you set a goal of inviting everyone
you know to a dinner where you announce the launch of your business and talk to people
about the groups they’re in that might be open to a partnership. The idea is that these short-term goals are
going to give you focus, one or two tasks you can accomplish. Reaching these goals will motivate you, they’ll
help you reach those longer monthly and one-year goals, they’ll make sure you’re always
making progress. Our last tip for finding time before we get
to those productivity hacks is to understand that your side hustle is a priority. That time you’ve blocked out to spend on
your work from home business, that’s not time you’re also trying to be Mr. Mom or
a chauffeur. You’re not running errands or helping with
school work during this time. This needs to be a commitment, a routine that
you develop and you can’t start splitting your time to take the kids somewhere or run
an errand. Now on to those productivity hacks but if
you’re likin’ the video and the information, do me a favor and tap that thumbs up button. Our first hack is to realize that every minute
counts. Even if you’ve only got 15 minutes left
in the time you’re spending on your side hustle that day, use it! I lost weeks, maybe months’ worth of time
before I learned this. I would have a meeting in half an hour and
didn’t want to get started on something so I would turn to email or social media or
the news. Every minute counts! If you’ve only got five hours a week to
work on your side hustle, you need to be using every bit of it, so don’t fall into the
excuse of, “Oh well there’s only ten minutes left, I don’t want to get started on something
and not be able to finish.” Get started! Hack #2 is to keep a strict time-blocking
schedule for email and social media. This is a big one, especially for when you
go full-time working from home and have all day to procrastinate things. What I mean for time-blocking is you set up
your schedule, whether you’re working for the next three hours or for the next eight,
you plan it in chunks of time. So for our meal delivery example, maybe you
plan on doing an hour of meal planning, an hour of calling customers and half an hour
of business planning or budgeting. Then you plan on say 15 minutes at the end
to check email and social media. Getting as much done as possible means sticking
to this strict schedule and you know this one, right? You know how tempting it is to take a quick
five minute break to check email or Facebook. The problem is that quick five minutes turns
into 50 minutes as you scroll through your news feed or you get caught thinking about
that “urgent” email. If you don’t keep to a strict time blocking
system like this, it’s going to be too easy to stop each hour, after each task and take
that five minutes to fall down the rabbit hole and waste the rest of your time. Researcher GlobalWebIndex found people spend
an average of 142 minutes a day on social media. That’s almost two and a half hours and it’s
not by accident. Facebook knows how to trap you and it will
swallow your time! Now there are apps out there if you need them. Sites like RescueTime, Toggl and TimemyLife
help track the time you spend. Apps like Freedom actually restrict social
media and internet sites during designated periods. It’s not weakness to need a little help
keeping to your schedule. Facebook has spent millions, billions developing
a system that traps you into spending more time than you intend. Our next time hack is to turn off notifications
on your phone and computer. These are not only time-killers but more than
a little annoying, right? Nobody can work with the phone beeping or
buzzing every five minutes. Even if you ignore it, it’s breaking your
concentration. So disable the pop-ups that tell you about
new emails, turn off the notifications on your phone. Next here is going to be to concentrate on
deep work, and this one is going to really move the needle on your business. Deep work is that 20% of the work that drives
80% of your progress. For me, that’s producing videos, writing
books and creating courses. For our meal delivery example, it might be
contacting civic groups or hosting dinner parties. We’re talking the really important work
here. On the other hand, shallow work, is the less
important tasks. We’re talking the 80% of the work that maybe
only accounts for 20% of the results. For my business, shallow work is things like
promoting on social media or writing sponsored blog posts. Doing this shallow work is necessary, it’s
still something you’ll need to do but it’s not really what drives your business. So what you do, you plan your schedule around
blocks of deep work. These are big chunks of time like two or three
hours where you only concentrate on those tasks that make a difference. What’s also important here is that you start
your schedule with a block of deep work. Before you check your email, before checking
the news or Facebook, before anything, schedule a couple of hours of deep work. This was a hard one for me because I used
to always check my phone or email or social first thing in the morning. I’d do all this after sitting down at my
desk, before getting to that deep work. The problem is that this puts you in reactive
mode. It leads to more lost time because you’re
caught thinking about that one urgent email or something you saw in your social feed. Concentrate on those blocks of deep work,
do them first. You can schedule small chunks of shallow work
in between your deep work. This is a great system because that 15 or
30 minutes of easy, shallow work gives your brain time to relax before that next block
of heavy concentration and deep work. Our fifth productivity hack and this one is
going to seem obvious but bear with me, eliminate all distractions and excuses. So we’ve talked about distractions, the
phone beeping, the email notifications, all the things that break your concentration. Just as bad though are the excuses. The excuses are every time you think to yourself,
“hmm, I think I’ll get up to get a snack,” or “I’m going to reward myself with a
half hour of TV or reading.” Just like checking your social feed, these
little breaks end up being an hour or longer. Then you’ve only got 15 minutes left so
you decide you don’t want to start anything new. It ends up being a huge loss of time. Part of not losing this time is going to come
from your time-blocking schedule and sticking to it but there are still going to be distractions
and excuses. The trips to the fridge or the ‘get-up-and-stretch’
that turns into half an hour watching TV. So close the door to your office, tell the
kids to go to the mall, strap your ass to your chair and stick to your schedule. You can schedule in five or ten minutes every
hour and a half to stretch or walk around but YOU MUST keep to that schedule. Don’t let these little distractions and
excuses waste your time. Be sure to click on the video to the right
here to see that first in our series, 101 side hustle ideas and how to find your perfect
work from home business. Don’t forget to tap that subscribe button
and the bell to get notified for that next video, growing your home business to replace
the 9-to-5.


8 thoughts on “How to Make Money from Home on Limited Time [5 Productivity Hacks]”

  • Passive Income Tom says:

    Yes, it is too easy to get distracted by social media. ? I try to limit it to a few minutes and then get off unless I am doing work.

  • Let's Talk Money! with Joseph Hogue, CFA says:

    Don't miss the first video in the series and 101 Ways to Make Money from Home! ?

  • I personally got multiple youtubes and my bluetooth headset and wile im doing my impprtant stuff i let it run threw videos of stuff im interested in wile doing my task be in investments gardening diy ect. I use to watch tv in my free time but this got me out of that and into finishing projects i planed never had time to do

  • Raging Sweater says:

    here's the tough part: I don't have social media account, I don't watch tv, and most of my time is spent on cooking, babysitting the toddler and various house tasks. By the time I have my own time, I'm already exhausted.

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