As an avid reader of the 4 Hour Work Week by Tim Ferris, I’ve made the longterm intention of freeing up as much time as possible to be able to concentrate on things that will better myself and enrich my life. One of the main principles of the book is to optimize and work with absolute efficiency. Trim the fat and operate on a lean budget. The ideas of the book have made a strong impression on me because one, I’ve always loved travel and two, I intend to maximize life to its full potential. The big question is – how?
My Immediate Short-Term Goals (Deadline: October 15, 2012)
1. Make at least $1500 residual income.
2. Save at least $3000 to start my business
3. Blog about life in NY and accomplishments at work.
How I Intend to Do This:
A. To make at least $1500 in residual income, I plan on finding a high-demand, low-competition product with strategic keywords and basically test a couple of products out first I plan to choose 4 products and test them all. The most profitable product among the 4 will be optimized and monetized to its full potential . Check out this amazing interview on Mixergy about Sophie Kovic, the founder of Flockstocks. I’m not going to lie, it’s very daunting writing about this goal because the possibility of it not being accomplished is very probable, and if there’s one thing I hate, it’s letting myself down and not reaching my goals.
B. To save $3000 in 2 and 1/2 months will be a bit of a challenge but I know that this is very attainable. My monthly expenses only amount to around $600-$800 because my parents are still covering my rent as I slowly become independent. With that in mind, I can easily save $1500 to $2000 of my income each month, which means I’ll have $3000 by October 15, 2012.
C. The third goal is the simplest. Obviously all I have to do is get in front of my computer and write. The only challenge is being inspired to write something worth reading. In my mind, writing something without substance is just a waste of time.