“Not-To-Do” List

Here is another thought from Burke Teichert, a man whom I’ve yet to meet, who has words of wisdom and experience worth pondering taken from his column “Strategic Planning for the Ranch” in Beef magazine.

“We can all think of things we used to do.  We quit doing them because we discovered they were not necessary –often long after they’d ceased to be necessary, if they were ever necessary in the first place.  I’ll guarantee most of us are still doing things that don’t need to be done, but cost us time and money.”

Burke Teichert, a consultant on strategic planning for ranches, retired in 2010 as vice president and general manager of AgReserves Inc.  He resides in Orem, Utah.  Contact him at burketei@comcast.com

What are some things you do that are time wasters?  I know i have some, but it seems like they come from poor planning rather than day to day wasting (although this blog may easily fall into that category, but I am hoping it will build into a business someday).  Questions i ask myself:  What am i doing right now?  Is it costing me time and money? or is it a good investment for my time and money?  If it is a cost, why am I doing it?  Sometimes we do things because we enjoy them and that’s okay IF we can afford it.  For example, if we have no debt, if we have some serious savings, and if we can easily live within our means.  But if we struggle with finances, we need to seriously slash those costs that yield no income.  Don’t fall into a trap of justifying anything.

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