A few months ago, someone told me that his goal is to earn as much money as possible while working the fewest hours possible.

My first though was that the guy had his head up in the clouds. But that thought was terrible. I’m glad I flushed it out of my mind quickly. Why? Because this guy is right. And we all should be thinking the same way. We all want lots of money and we would be silly to work more than necessary in order to obtain it.

So I’ve now drastically altered my life in order to match the mindset of this person I briefly thought was a delusional dreamer. After hours and hours of research and trial-and-error, I’ve cracked much of this code. Keep reading to know what you need to do in order to earn more while working less.

Work Hard, Play Hard

This was definitely not me even 6 months ago. I used to do everything myself and that was just that. Why pay someone if I could just do it myself? That’s what I used to think. Here’s what I think now…

What is my highest value task? Okay, now how can I do more of that? Everything else – someone else can do. It only makes sense. Let’s think about this… why does a CEO not take out his own trash? It’s not because he’s incapable. In fact, I bet he can do it to the utmost efficiency. But no matter how efficiently he can do it, it’s still a waste of time. He needs to be, for lack of a better term, CEO’ing. Anything that takes him away from his critical path as CEO is a waste of time.

You may be thinking, “Well he can’t possibly do high stress, mission critical tasks all day. He’ll probably enjoy passively taking out the trash.” Perhaps. But let’s think this through a bit more.

No matter what the CEO does, they should have the greatest outcome in mind. When he/she works, it should be for the best business outcome possible. So when he relaxes, it only makes sense that he should be relaxing in the best way possible. Taking out the trash is only maybe a 1 out of 10 on the (entirely made up) relaxation scale. But if he instead got a massage, that’s probably 8 out of 10 on the relaxation scale. So he should instead be getting the massage. This will be time better spent towards recharging.

Never Do Yourself What Others Can Do for You

You are special. Okay, I’m not typically the kind of person who says something like that. But if you’ve had some success in business – it’s freaking true. That means you have identified your skills. Focus on those skills and hire others to do everything else. Don’t waste your time on payroll if you’re not disrupted the invoicing industry. Don’t waste time researching the best cloud storage option for your business if you’re not an expert. Hire this stuff out. Focus on your true skills. And hiring this stuff out won’t cost you anything. Because you’ll then have time to make more money than what any of this could possibly cost you. Enjoy doing what you’re good at.

You Just Have to Have Passive Income

If you want to become rich, you need to setup some passive income streams. Maybe for you that’s buying a rental property. Or maybe you simply enjoy investing in index funds and watching the steady stream on dividends flow into your bank account. Or maybe you’re an expert and have a business that practically runs itself.

We only have 24 hours in the day. Make sure you’re earning more and working less.

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William Lipovsky owns the personal finance website First Quarter Finance. His most embarrassing moment was telling a Microsoft executive, "I'll just Google it."

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