Long term thinking improves short term decision making

An episode of the Better Life, Better Business podcast, hosted by Christoph Nauer, titled "Long term thinking improves short term decision making" was published on May 29, 2020 and runs 16 minutes.

May 29, 2020 ·16m · Better Life, Better Business

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Summary

think long-term when planning goals and deciding on daily tasks, how successful people manage time, how to get rid of time wasters, stop doing low level time consuming activities so you can maximize results. superior thinker: Ability to accurately predict the consequences of doing or not doing a task After 50 years of research by Dr. Edward Banfield of Harvard University he concluded that the long-time perspective is the most important and accurate way to predict who in the US is moving up socially and economically. He is saying that long-time perspective is more important than -  Family background -  Education -  Race -  Intelligence -  Connections Successful people are willing to make sacrifices, go without certain things, so that they can enjoy far greater rewards in the long term. This is not easy to do, especially living in an instant gratification society, but everyone who’s made sacrifices for a greater good can appreciate this. Denis Waitley, a motivational speaker, says, “Losers try to escape from their fears and drudgery with activities that are tension- relieving. Winners are motivated by their desires toward activities that are goal-achieving.” FOCUS on activities with large potential and positive consequences, make them top priority and work on them until done No matter what we do, time is going to pass anyway. It is up to us to decide how to use it and how we use it will determine where we end up at the end of the weeks, months and years that pass. The law of Forced Efficiency says that “There is never enough time to do everything, but there is always enough time to do the most important thing.” 3 Questions for Max Productivity 1.  What are my highest value activities? What are the biggest frogs I have to eat in order to get the greatest contribution to my business, personal life, health, family, 2.  What is it that can only be done by me and nobody else? The late management guru, Peter Drucker, came up with this question, DELEGATE, build a team 3.  What is the most valuable use of my time right now? This is the key question of time management, if answered correctly, we can overcome procrastination. https://balance6.biz/ #ChristophNauer #Balance6 #smallbusiness #entrepreneurs #timemanagement #businesscoaching #business #professionals #relationship #money #health #selfcare#productivity #coaching #consulting #mentoring #teambuilding #leadership

Episode Description

superior thinker: Ability to accurately predict the consequences of doing or not doing a task

After 50 years of research by Dr. Edward Banfield of Harvard University he concluded that the long-time perspective is the most important and accurate way to predict who in the US is moving up socially and economically.

He is saying that long-time perspective is more important than

- Family background

- Education

- Race

- Intelligence

- Connections

Successful people are willing to make sacrifices, go without certain things, so that they can enjoy far greater rewards in the long term. This is not easy to do, especially living in an instant gratification society, but everyone who’s made sacrifices for a greater good can appreciate this.

Denis Waitley, a motivational speaker, says, “Losers try to escape from their fears and drudgery with activities that are tension- relieving. Winners are motivated by their desires toward activities that are goal-achieving.”

FOCUS on activities with large potential and positive consequences, make them top priority and work on them until done

No matter what we do, time is going to pass anyway. It is up to us to decide how to use it and how we use it will determine where we end up at the end of the weeks, months and years that pass.

The law of Forced Efficiency says that “There is never enough time to do everything, but there is always enough time to do the most important thing.”

3 Questions for Max Productivity

1. What are my highest value activities? What are the biggest frogs I have to eat in order to get the greatest contribution to my business, personal life, health, family,

2. What is it that can only be done by me and nobody else? The late management guru, Peter Drucker, came up with this question, DELEGATE, build a team

3. What is the most valuable use of my time right now?

This is the key question of time management, if answered correctly, we can overcome procrastination.

https://balance6.biz/

#ChristophNauer #Balance6 #smallbusiness #entrepreneurs #timemanagement #businesscoaching #business #professionals #relationship #money #health #selfcare#productivity #coaching #consulting #mentoring #teambuilding #leadership