Do you think that asset management is only related to the management of your finances and assets? Well. Thatís what most people think and thatís how they apply it in their private lives.
However if you try to search things from a deeper and more profound level of perception, asset management is critical to all the real assets in your life, and these does not necessarily include financial and materialistic things only.
Your non-material assets or properties could be your time (work time as well as recreational time), your relationships with other people, your health, your capabilities and knowledge, your relaxations and more.
It is very important to strike the balance and apply asset management in every asset in your life. True assets give dividends if managed well, and this applies to materialistic and non-materialistic assets.
Now that we have recognized this crucial insight in our lives, what can we do to manage our assets better and later enjoy the fruits of this careful supervision? Let us review the few examples of good asset management:
1. Managing your work time
If you will be working your free time in a better, clever way, you could be saving as much as 1-2hours of work every day. This can show how you can complete more tasks, or, have more spare time. You need to have a good, written plan that details what you want to accomplish in your work like dates. So, you need to perform daily prioritization of your work, so that all the more essential tasks are done in that day, and the not so important are pushed away, maybe for tomorrow. In this way, youíll always get the most important things done. Youíll be shocked at how much time people waste on doing non-important things. You have to do this and you are assured to create at least 1 more hour of asset a day.
2. Use your free time
You need to decide what you want to do in your free time and do it. Don't get caught in doing things you donít want to do, like using your time with people you don't like. Think of paying people to do the things you don't like such as cooking, cleaning, walking the dog and more...
3. Make time to plan ahead all kind of tasks and projects you want to do that demand good use of your assets.
4. Your finances
Truth be told, most people donít handle well their financial matters and thus they often lose it. It is a wiser move to take time to sit down, have a deep breath, and scrutinize where your money is going to. If you do that for 3 months, you can see that in many cases you can save hundreds of bucks a month. So, money can be used to pay your debt, buy another asset, go on a holiday vacation and etc.
Hence, itís apparent that asset management is something that must be implemented in all the aspects of your life and not simply pertain to your physical assets and financial concerns. A smart asset management plan will help you lead an overall better and well-lived life.
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