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Wealth Hacks

How To Fix The Challenge Of Wanting Learning Opportunities But No Time To Learn

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Ready for a staggering statistic? According to LinkedIn’s 2018 Workplace Learning Report, 94% of team members said they would stay at their company longer if it invested in their career development. Now, here is the kicker: the report also said that the top reason team members said they felt held back from learning is because they didn’t have the time to learn the skills they needed to.

How do we fix this dilemma? By providing a workplace that offers learning opportunities that also provides the time for team members to take advantage of those learning opportunities. This will spark creativity because I know that I’m always happiest and most productive when I’m learning something new.

We get it – everyone is busy. We go to work and we are chained to our desks (or today: our laptops and iPhones) with mounds of work to get through and we form routines and things eventually become mundane and ultimately boring. Things don’t have to be this way, though.

HOW ARE TEAM MEMBERS ACTUALLY SPENDING THEIR TIME?

The first step is to get feedback from team members on how they are spending their time at work. These questions can be asked on many subjects at work. For example, how many meetings are absolutely necessary? Rethink why you have meetings. If there is too much email or point-to-point communication preventing people from learning, it is time to really rethink the company’s time management.

WHERE DO TEAM MEMBERS LIKE TO LEARN?

Second, find out how, when and where employees like to learn so you can gain context to establish a new way of learning, which we are all trying today to facilitate via different workplace spacial designs. In the LinkedIn report, team members said the following:

·       68% of team members want to learn at work

·       58% of team members want to learn at their own pace

·       49% of team members prefer to learn at the point of need

Not every type of learning is going to happen in a classroom or even warrants days off at a time. There are plenty of informal and social settings to learn in. The real key is to connect the bridge between how your team is spending their time and what the actual definition of learning looks like in this day and age.

It is entirely too easy to say that we are too busy to learn new things, but the truth is, we are hurting our careers and our companies by staying stagnant and not growing towards new ideas and processes. Dig deep and talk to your team and find out what they want to learn, how they want to learn and when they want to learn it.

Make it happen for you and your team and your business will experience success it has never experienced before.

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.

Personal Finance

DIY: Your 5-Step Financial Planning Guide

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If you’re starting out to plan your financial future, it can get overwhelming. While many opt for a financial advisor to take care of the entire process, you can always handle your financial planning all by yourself (it’s simple, really) if you’ve got the right tools.

For starters, here’s what you need:

1. Set Goals!

Chalk out your goals—it can be short term, like paying off your card payment bills or long term, to meet expenses like retirement and your kids’ education.

Take a step back and do a reality check. Where do you stand now? How are your cash flows? How soon can you meet your expenses? Create a timeline to achieve these targets (and ensure you meet them!)

2. Do The Math

Calculate your total assets, after deducting the debts—and budget smart. Ditch your debt to stay away from piling on more to your list of financial risks. If you’ve got way too many debts to clear and it’s becoming increasingly difficult to keep track of them, here’s a great tool that comes in handy.

3. Build An Emergency Fund

Uncertainties can be hard, more so if they have a significant financial impact—be it an illness, job loss, or even global downturns.

To evade being stranded, ensure that you’ve built an emergency fund (a good start would be to keep aside six months’ worth of expenses), along with solid insurance coverage to back you up.

4. Hire The Right Agents

Apart from the general power of attorney, also ensure you lay out a directive in case a medical emergency comes up (if you’re incapacitated—we know, it’s not the best of thoughts to ponder over). To ensure you plan right, avail the services of an accountant, a real estate planning authority, and a medical power of attorney.

5. Earn Money On Your Money

The final step is to make sure you earn returns off your money. How’d you go about this? To start with, educate yourself. Read, read and read some more—research about what stocks, bonds, mutual funds, ETFs and other financial instruments do. Understand their risks, costs and how you can work on diversifying your investment.

It’s important to invest in something you understand.

Post this, set up your accounts to meet each of your goals—through monthly contribution plans, 401(k)s, low-cost index funds, IRAs or other savings plans. If all these details get you dizzy (or overwhelmingly hard), you’re better off with a financial planner who can do the research and investment planning for you.

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Wealth Hacks

5 Time Management Hacks For Your Work/Life Balance

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(Editor’s Note: The following article is a guest post by superstar entrepreneur and tech investor Jonathan Schultz.)

Everyone strives to maintain that perfect work-life balance. Having a fulfilling career and healthy home life is a tough combination to achieve, but if you learn how to manage your time well, it can be one. Here are five time-management hacks to keep your work/life balance in check.

HAVE A REALISTIC SCHEDULE

Setting a schedule the night before is a classic trick that is entirely effective. A to-do list allows you to cross off the things you have accomplished and gives you a sense of gratification. It also is a great motivator to keep completing tasks until you have finished everything for the day. The key is to be realistic about what you can accomplish. Don’t jam your schedule leaving little to no room for breaks or downtime. This will do the opposite of helping you maintain a solid work/life balance.

Try this tech: timetrade for Salesforce

BREAK TASKS UP

It can be so overwhelming to look at a huge task you need to do if you don’t break it down into smaller tasks. Instead of trying to clean your entire home in one day, clean different areas of your home on different days. This way, you won’t be overwhelmed by these larger projects and you can actually finish them on time.

Try this tech: Monday.com

SCHEDULE “ME TIME”

If you are constantly working and always on your phone or laptop, there is a good chance you are not relaxing or giving yourself a much-needed break. When you get home from work, put your phone away and revel in some “me time.” Do something to unwind and disconnect from work completely. Take a bath, read a book, watch TV or exercise. Just do something that will help slow your mind down and create a degree of separation between your work and home life. This is one of the most important hacks to maintain a healthy balance.

Try this tech: Toggl

DETERMINE YOUR PEAK HOURS

Are you typically up before the sun or staying away until 2 am? Knowing what time you operate the best at will help you schedule your most tedious and important tasks at this time. If you are a morning person, perform your tasks the require the most focus in the morning. You can use the afternoon or night to do repetitive tasks like making calls or catching up on emails. You may discover that what usually takes you an hour to do in the afternoon only takes you thirty minutes to do in the morning.

Try this tech: Screen Time

BOOST PRODUCTIVITY

Two of the biggest things we neglect are sleep and exercise – two things that can actually significantly improve your productivity. Studies and research have proved that exercise can help keep you alert, making it much easier to accomplish tasks. Of course, getting enough sleep and getting in short naps throughout the day can do amazing things for your mental health and helps you from feeling fatigued and burnt out. If you are more productive at work, you can get home earlier from work and have more time for yourself.

Try this tech: Noom and Mindfulness

Jonathan Schultz is an entrepreneur, real estate tech investor and influencer. He’s the co-founder of Onyx Equities, a leading private equity real estate firm, and has been voted one of the most powerful people in real estate. Follow Jon’s blog here.

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Personal Finance

INFOGRAPHIC: 12 Quick Ways To Save Money Every Month

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If you’re looking to scoop up a great deal or snag a shopping coupon that gets you the item on your checklist for less than its market price, you’ve got plenty of options to save big. Here’s a cheat sheet with quick ways to save money every month.

 

Featured image: Photo by Arno Senoner on Unsplash

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