In my last blog I talked about changing one's thinking about "hard work." This week I'd like to address the concept of "working smart," which should be combined with working hard.
First of all, let me say that "working smart" is not a euphemism for avoiding hard work altogether. "Working smart" simply means focusing one's efforts on activities that will bring the greatest benefit.
For example, most people work hard at a job - either as an employee or in a self-employed situation - where they trade their time and effort for income. Because their effort is directly linked to time, there is a limit to how much income they can earn, since the number of hours available to work are limited, as is the amount per hour they can charge for their services. If they instead focus on creating assets that generate income, their income potential is much greater because they can continue to grow their assets, which can continue to generate passive income long after the initial investment of hard work to acquire the asset.
Hard work may be necessary, but that alone is not a guarantee of success. If you want to accomplish your big dreams, then you need to work hard at the right things. You need to work smart.