The
wealthiest and most successful people don’t run themselves ragged. They
stop long before running out of steam, taking small- and large-scale
breaks to re-charge when needed. You can’t do your best thinking when
you’re running at 80 percent. Take at least two or three three-day
weekends each quar.
The big O—Organize!
Get organized, period. Pathfinder advocates separate files for each
expense: utilities, phone, electric, Internet, auto, etc. Each month,
invoices (such as repairs or maintenance) go in those files. The
invoices are then categorized by group and chronologically (ex. January
car bills, February car bills, etc.). When 2007 comes around, copy the
file names from last year and start a new file bin for the next year.
You can then take this to your accountant’s office along with your tax
diary and you’re set.
If you don’t already have an electronic bookkeeping system such as
Quicken, Quick Books or others, get one and use it immediately. I
learned this lesson the hard way. When I was practicing law, my
accountant had me list all of my expenses. It took me 40 to 50 hours to
do. The following year I changed over to Quick Books, which condensed
those countless hours to the push of one button. Lists off of Quick
Books (or other like program) can easily be emailed directly to your
accountant.
Get out of dodge
It’s absolutely necessary to get away from business. I need to get away
100 percent, meaning no calls, no email--no business at all. For me to
be creative, I need to be recharged and take two or three weeks to see
friends, ski, do nothing and relax. When I take a three-week break in
December every year, I come back to business in January and it all
looks different and I’m energized.
The wealthiest and most successful people don’t run themselves ragged.
They stop long before running out of steam, taking small- and
large-scale breaks to re-charge when needed. You can’t do your best
thinking when you’re running at 80 percent. Take at least two or three
three-day weekends each quarter to recharge your batteries.
[from Mastering your money Part 1, Track 1-12]
During my years of law school, I completed an internship with a New
York Supreme Court Justice and second legal internship with a law firm
and also began investing in real estate. Immediately upon graduating
law school and passing the bar exam, I opened my own law practice. From
1988 to 2001, I practiced with my partner under the name Miles and
Gillard, where I concentrated in the area of real estate and business
law. Drew Miles
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