#104: How to Build the Best Life Plan




Live Life With Purpose with Adam Smith show

Summary: There are a lot of things that I don’t know that maybe I should, but there’s a reason for it. People tell me that they know how to do something, like rebuild a car, but I’m terrible at working on cars. People talk about the television shows that they enjoy, but I have never seen them. People talk about activities that they’ve done a million times, but I have never tried them, and I’m okay with that. I’ve also turned down great opportunities, because they didn’t quite fit into what I wanted to accomplish in life. Why? Because I stuck to the life plan I created for myself.<br> Sure, not everything has gone as planned, but the plan at the very least let me know what I wanted to accomplish in life, and if things didn’t fit into that plan, then I knew that it was okay to pass on those things. But more than not doing something that sounded good or fun, the main reason that I stuck to the plan is because of how valuable time is. As Tony Robbins said, “You’re already a financial trader. You might not think of it in just this way, but if you work for a living, you’re trading your time for money. Frankly, it’s just about the worst trade you can make. Why? You can always get more money, but you can’t get more time.”<br> The problem is that so many people just don’t get this concept. Wasted time is wasted opportunity. Everything we do costs us precious time. This being said, with every action we must ask ourselves, “Is this worth spending time on?” In other words, will what you are doing right now, later today, next week, next month, later this year, get you to your goals? If so, then great! You’re headed in the right direction. But if not, what can you eliminate or delegate to free up time? That’s where having a detailed life plan comes in handy.<br> So, if you need more time, enough is enough; it’s time to create a life plan. Here are three action steps to planning out your very best life, starting right now:<br> <br> First, focus on what you want to accomplish in life, and learn your craft. <br> When I look at all of the intricacies of running businesses, there really isn’t much time left for anything else. This being said, I have always known that I wanted to own businesses, so that has always been my focus. Many times I miss out on “fun”, because I gladly choose to work. This is because work is fun. This has allowed me to not only become better at what I do through the practice of work, but it has also allowed me to study other businesses and my own business field. Having fun is great, and I highly recommend it, but more than anything else, work is what brings success. When you know what you want to do in life, you can prepare ahead of time and learn your craft along the way through hard work.<br> Second, know the relationships you need to build on the way to getting there. <br> The relationships that I have built have been most important to my success. When I knew that I wanted to be an entrepreneur, I picked the brains of other entrepreneurs who had already been where I wanted to go. I took notes, I learned from them, and used their wisdom to make my journey easier. As you write out your life plan, be very detailed in not only the where, when and how, but the who, as well.<br> Third, know the other resources that you will need to succeed. <br> A building, an infrastructure, funding, employees, an office — what do you need? It’s important to really dial in on the ‘how’ of doing what you do, so you can plan accordingly. You need the dream, but you need the action steps to get there even more. That’s why the ‘how’ is so important. When you have the plan, you can then know where you want to go in life, and the necessary action to get there becomes much easier to navigate.<br> So, now that you have the core ideas behind constructing your life plan,