If you don’t accomplish what you set out to do, it may be because you haven’t dedicated enough of your thoughts to it.
It’s called the Knowledge vs. Entertainment Ratio test.
You’ll need a piece of paper and a writing implement. On one side of the page, make a list of all the different types of entertainment you enjoy and the money you spend on them.
Even if you don’t think of any of them as “entertainment,” you should be honest with yourself here, because lying to yourself won’t help you attain your highest aspirations.
All of your “down time” and “relaxation” activities are included on this list. For example:
TV shows, movies, video games, card game tournaments, sports like basketball, baseball, and football, and so on round out the entertainment options. If doing some of these things is how you make a career, you’ll have to create a distinction between what you do for “fun” and what you do for “entertainment.”
To the side of your list, write down the amount of time and money you spend on each of those activities.
Turn the piece of paper around and repeat the process for the Education section once you’ve done the Entertainment section.
Spend time and money on personal and business development, as well as on education, if you have any, as well.
Compare the time and money spent on each side of the page.
When it comes to money and time, you’ll be able to keep track of two totals.
3 percent of the average Entrepreneur’s monthly income is spent on personal growth activities by the “successful” entrepreneur. You can figure it out based on what you make. Even the world’s largest firms spend that much on training and education for its employees and executives. If your weekly income is $1,000, you should be able to set aside $30 for your own education and professional development. If you want to grow in your career, you could earn as much as $120-150 a month.
The schedule of events can be found across the yard.
Up to a third of the average American’s salary is spent each month on entertainment activities, which varies from person to person. Almost 10 times as much as they spent on their schooling.
That individuals with lower incomes spend more on entertainment and those with higher incomes spend less is a striking fact that has not changed.
More money is spent by those who have “learned” how to earn more.
If you want to double or even treble your revenue in the next three to five years, you need to be actively seeking to learn new things about yourself and your business. There are a few people, though, who stop learning and simply labour to earn a living, never progressing in their careers and continually complaining about the lack of opportunities at their current professions.
In the United States, at least, it is easy to conclude that we are in debt to our children’s futures because we place too much emphasis on entertainment over education.