Money

Money is your guide for learning how to stop pushing yourself to do more at your job and live a happier and more fulfilling life by making your money work hard for you.

Smart people don’t just work on goals or habits, but focus on systems to make them successful. But we tend to focus too much on the details and not enough on the big picture. And some of us might instead have a hard time with the specifics but do well looking at the overall view.

Mastering money requires both the small stuff and a grand vision. And that’s exactly what the VVKIK system will help you accomplish. This acronym stands for:

Vision Values Key Result Areas (KRAs) Income-generating Tasks (IGTs) Key Performance Indicators (KPIs)

First we build our vision and values. These two will act as mileposts to make sure you’re getting where you want to in the way you want. It’s helpful to write down what matters most to you, whether that’s family, freedom, success, or all of these.

Next are Key Result Areas, or KRAs. This section represents those things that you must focus on generally to accomplish your goals. Choose just the top three to seven that will have the most impact on getting you to your vision.

IGTs stands for Income-generating Tasks and are the to-do items from your KRAs that will give you the greatest monetary return on your time. Some tasks bring you more wealth with less time, and you must focus on these.

Last is Key Performance Indicators, or KPIs. These are the specific items you track daily or weekly to show you what you’re doing well and areas for improvement. This vital feedback allows the entire system to guide you in the short and long-term for building wealth.

Do you wonder why the rich get richer? This next tip will help you discover the reason and how you can do it yourself. It involves calculating your income-generating value, or IGV. You might like your “stable” job, but when you add up all the hours you spend on it, you’re likely not making much per hour. You need to find out how much an hour of your time is worth, then do more of what makes that number go up. To calculate your IGV, add up all of the money you make each week and divide it by the total number of hours you work. Don’t just include job time and income though, be sure to add up even what you do and earn for side hustles and building assets. As an example, you might get $1,000 a week and work 55 hours, which is an IGV of $18 per…