HEALTHY WEALTHY & WISE

Updated: Jun 17

✦ The proverb “early to bed, early to rise, makes a man healthy, wealthy and wise” was first used by John Clarke in a 1639 book of proverbs.


"Early to bed, early to rise, makes a man healthy, wealthy and wise" as featured on Brilliant-Online
"Early to bed, early to rise, makes a man healthy, wealthy and wise"

I was going to mention that to my teenage daughter. However, she makes too many disparaging remarks about my age so I am not going to provide her with more ammunition.

I had a boss who thought wisdom was overrated. After I had had my wisdom teeth removed he said, “as long as they didn’t remove your common sense."


What are the kinds of things we need to do for a healthy business?


Things that provide our “wealth” goals which can also include the ability to spend time with people and doing things we enjoy.


How can we do this? Steven Covey says the secret is to focus our attention on Quadrant II (Plan), things that are not urgent but important. In business most of us spend our time getting the work done, that is in Quadrant 1 (Do).


Do Plan Delegate Eliminate Quadrant as featured on Brilliant-Online
Do Plan Delegate Eliminate Quadrant

Using this matrix from Steven Covey's ‘The 7 Habits of Highly Effective People’ really helps to prioritize tasks when you have a lot going on.


Michael Gerber (the E-Myth Entrepreneur) tells us to work on our business (Quadrant II).


The secret of this is to look at Quadrant IV and see what we can eliminate doing and to look at Quadrant III to see what needs to be done but should be delegated as it is a low value activity.


Here’s to making changes so we all have a Healthy New Financial Year.



Disclaimer: As always the advice in this article is general and you should seek advice from a professional advisor on your circumstances.

Contact John Clarke, Success Tax Professionals


a/ 5/124 Horton Street, Port Macquarie, NSW 2444, Australia

t/ 0481 039 851

e/ john.clarke@stptax.com

w/ www.stptax.com/practice/port-macquarie/




 

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