We have forgotten how to say “No,” but this is the key to a rich life: 4 rules of monetary well-being

We very often try to “squeeze” too many things, tasks and desires into our lives .

But, alas, our “days on earth” are always limited — and we simply do not have time to do everything that we want to do.

That is why each of us should sort out our priorities in order to choose the most important and significant. After all, the main secret of time management is not at all in being as efficient and productive as possible, but in deciding WHAT TO NEGLECT and what to give up (that is, the secret is in the correct prioritization).

1) “What do I want from life”?

Not only time management, but also the road to sustainable financial well-being begins with this question.

A powerful side effect of searching for an answer to this question is the elimination of “second-level priorities,” that is, those matters and tasks that, in fact, are not that important to us.

Whatever it is, if it is not one of the top five things you want in life, then you should decisively abandon it (or urgently delegate this task to someone else). The ability to say “NO” is the key to a full and rich life.

2) Calculation of opportunity costs

First, I will explain the term “opportunity costs” — these are the potential benefits that a person misses by refusing to do something.