25 strategy Prioritize time like a billionaire

25 strategy Prioritize time like a billionaireBuffetts 3-step 5/25 strategy Prioritize time like a billionaireStarting from scratch, Warren Buffett, a prolific investor and the CEO of Berkshire Hathaway, has built a fortune of wealth- a net worth close to $89.2 billion. 1Buffets awe inspiring investment success in a wide range of industries, alongside his modest lifestyle and consistent high level of performance over several decades, has made him a cult figure in the world of entrepreneurship and finance- The Oracle of Omaha is considered to be one of the greatest investors of all time.Its easy to attribute Buffets investment and geschftlicher umgang skills, or even his work ethic, to his consistent high level of success over the decades.And although these factors play an important role in his success, theres more to this than meets the eye.Just like most high achievers, Warren Buffett uses highly effective strategies that help him to get more done in a few months and years, than mos t people achieve in a lifetime.One of these is called the 5/25 strategy. Its a simple 3-step process that will help you to better focus and prioritise your time on what really matters.Heres how it works.Warren Buffetts 5/25 strategyA few years ago, before an airplane takeoff, Warren Buffett walked up to the pilot of his private jet, Mike Flint and jokingly said to him, The fact that youre still working for me, tells me Im bedrngnis doing my job. You should be out, going after more of your goals and dreams.Buffett then walked Flint through a simple, quick process to gain clarity on his priorities and achieve his goals.Heres the exact 3-step process (you can follow along and write these down)Step 1 Write down your top 25 goals.The first thing Warren Buffett asked Flint to do welches to list the most important career goals he wanted to achieve in his lifetime. These would total to 25 goals.Step 2 Draw a circle around your top 5 goals.Once Flint compiled his list of 25 career goals, Buf fett asked him to draw a circle around his top 5 most important goals. Flint was hesitant becauseeach goal was important to him, but nevertheless, he circled five goals.Then, Buffett asked, Are you sure these are the absolute highest priority for you. Flint replied, Yes.Step 3 Focus on Your Top 5 Goals and Say No to the RestAfter the brief discussion, Flint said to Buffett, Warren, these are the most important things in my life right now. Im going to get to work on them right away. Ill start tomorrow. Actually, no Ill start tonight.Buffett replied, but what about these other 20 things on your list that you didnt circle? What is your plan for completing those? Flint replied swiftly, Well the top five are my primary focus but the other twenty come in at a close second. They are still important so Ill work on those intermittently as I see fit as Im getting through my top 5. They are not as urgent but I still plan to give them dedicated effort.After a brief moment of silence, Buffett lo oked straight into Flints eyes and said, No. Youve got it wrong Steve. Everything you didnt circle just became your avoid at all cost list. No matter what,these things get no attention from you until youve succeeded with your top 5.The 5/25 strategy in everyday lifeAlthough Buffetts advice to Flint involved career goals over his lifetime, you can apply the 5/25 strategy for better focus and prioritization of your everyday goals.Here are some examples If your goal is to get fit and stay healthy.Using the 5/25 strategy, write down your top 25 health goals i.e. to lose 20 pounds, sleep early and wake up early, stop eating junk food etc. Then, circle your top 5 health goals and focus on these only.If your goal is to grow and scale your business.Using the 5/25 strategy, write down your top 25 business goals i.e. to create new products and services, hire more staff, invest in marketing. Then, circle your top 5 business goals and focus on these only.If your goal is to build meaningful rela tionships.Using the 5/25 strategy, write your top 25 relationship goals i.e. spend more time with family, spend more time with friends, build business relationships etc. Then, circle your top 5 relationship goals and focus on these only.Say no to the inessentialWe have a limited amount of time and energy to achieve our goals each day. Yet, more times than not, we spread ourselves thin bychasing too many goals at the same time.As a result, we geteasily distracted, lose focus and fail to consistently follow through on our plans.Warren Buffetts 5/25 strategy is a simple, effective tool that will help you to focus,prioritize your most important goalsand achieve consistent progress in your life.The 5/25 strategy is a reminder that its notwhat you do,itswhats you dont do,that drives your productivity and performance.By practicing ruthless elimination- including the things you care about- and focusing on your very few, buttrulyimportant goals, youll consistently achieve your goals for a li fetime.What are you choosing to say no to today? Choose wisely.Mayo Oshin writes atMayoOshin.com, where he shares practical self-improvement ideas and proven science for better health, productivity and creativity.To get practical ideas on how to stop procrastinating and build healthy habits, you can join his free weekly newsletterhere.A version of thisarticleoriginally appeared atmayooshin.comas Warren Buffetts 3-step 5/25 Strategy How to Focus and Prioritize Your Time Like a Billionaire.FootnotesBuffets net worth amount is the latest figures shown on Forbes magazine.Theres different variations of the Flint and Buffett story, although this was the closest match I could find through various sources. Regardless of the exactness of the story, the philosophy and strategy of the 5/25 rule is highly effective for productive living.