Welcome back to another episode of Leveraged Lifestyle with Catherine Turner. In this episode Catherine takes you through the twenty questions that you should be asking yourself, so you can get the leveraged lifestyle you want. From understanding your personal vision to making sure you have a plan that motivates yourself, these questions are here to help you achieve your goals.

Key Takeaways

What is your personal vision? This can mean with regard to finances or what your week should look like but it’s personal to you. This should be a working document that you revisit every 6-12 months as things are always changing. Your idea of what is possible will get bigger.

What is your business vision? Ideally, you would like this to align with your personal vision. If your personal and business vision are taking you in separate directions then they are working against each other, not with each other.

Does my business plan achieve my vision? Is your plan effective. Is there achievable growth within your plan? Is there long-term market stability for your plan. This plan is there to help you achieve your vision.

Are the people you spend the most time with helping me achieve this vision? It’s really important to hang out with people who are ahead of where you are, so you can leverage their experience and skills. Maybe buy into a mastermind, or change the people you hang out with most.

What task do I need to prioritise? Focus on your highest income generating tasks? What would make the most difference if I got it completed first? Every 3, 6 and 12 months ask yourself the same question so you are kept on track.

What tasks am I be doing that I shouldn’t be doing? Figuring out your own ‘worth per hour’ is really important so you can stop doing the low income generating tasks. If you can outsource, then that would be great. Virtual assistants are really effective for this as they paid per hour probably at a lower rate than you would pay yourself. For instance, you could have someone doing your bookkeeping.

What tasks could you be automating? It’s important to figure out which systems can be automated, and which are manual like a checklist or processes. Look at all the systems that you can automate, can they interact with each other. Can you outsource to a physical person who does it for you?

What tasks can you outsource? Do you have tasks that are outside of your area of enjoyment and expertise? I’m not going to learn how to build a website it would take too long for not a lot of gain. It’s a good instinct to learn everything about your business but it’s ok to outsource when it would take a long time to do so.

How complete are your operating procedures? Can someone walk in and do your job by reading a manual. Are they sellable? A honed operating procedure can be a real asset which can be sold further down the line as passive income.

Which processes do I need to outsource first? Which tasks can I do once and then record? Which tasks never get done but need to be done. Which tasks that take up a lot of time like admin tasks? Figure out which needs to be outsourced first.

What does your team structure look like? Is your team full time or part time? At the start, it might be you doing all of the roles, but then as you grow you're able to hire more people. Think about where they are physically with you or virtually based.

Is your team working efficiently and therefore effectively? Does your team have KPI’s (Key Performance Indicators) and KRAs (Key Results Areas) and are they aligned with the vision. Is there a key process for reporting back on the KPIs so you create a good feedback loop.

Do you have your power team in place? These are not people you employ, but people who linked to you and are relevant to your business. Are they covering all the areas of expertise you need?

What am I doing to continue learning in NET (No extra Time)? Have you identified podcasts or audiobooks to give yourself a chance to learn whilst your on the go at the gym etc. Make sure you write them down.

What am I doing in my home life that I don’t like doing? Can it be outsourced? Get local recommendations for things like gardening, cleaning and dry cleaning. Use online shopping to save you some time. Catherine will be posting in the group some great sites where you can get cashback on your purchases.

Have I set SMART goals to achieve my vision? Important that they are Specific, Measurable, Achievable, Realistic and Time-bound. Make sure you take action on each of these steps.

Do I have the knowledge to complete all of the above? Do you have any knowledge gaps? Is there a course, mentor, mastermind you would like to attend? You might be able to leverage your stakeholders.

Is everything I am now doing going to achieve the leveraged lifestyle I want? Visualising all the above and then taking action on the above is important. Is it actually creating the life that you want, not someone else from Instagram. It’s all personal to you. What is the leveraged lifestyle that you want?

Am I being held to account for my actions? The easiest person to lie to is yourself. Do you need an accountability buddy, business partner, or mastermind to give you that kick. What’s going to make the biggest difference for you?

Does this plan motivate and inspire you to take that action and achieve it all?  Make it visual. Anchor your vision in a song or dance move. Be really tuned into your vision which will enable you to get closer to that vision.

Best Moments

‘Really important to not have a goal with no end date on.’

‘I’m a big fan of virtual assistants’

‘We don’t know everything, always ask for help.’

‘Make sure its the life that you want.’

Valuable Resources

Leveraged Lifestyle Community Facebook group - https://www.facebook.com/groups/551963318530196/

About the Host (and Guest)

Catherine Turner, your host of Leveraged Lifestyle

Catherine has been investing in Property since 2012, with her main strategy now Serviced Accommodation which she, and now her team, have grown from 1 to 18 properties in less than 24 months.

Catherine is probably best known for her public speaking successfully training thousands of people how to create businesses that can be run from anywhere in the world on their own terms, and becoming a world record holder in the process.

Catherine is the host of the podcast, Leveraged Lifestyle, which reached No. 1 in all Business in the iTunes podcast chart in less than 3 hours on launch. Leveraged Lifestyle is all about creating a lifestyle of freedom, through leverage, outsourcing and systematising.

Contact Method

Catherine Turner

Catherine’s Website - http://www.catherineaturner.com/
LinkedIn: www.linkedin.com/in/catherineturnerspeaker
instagram account: www.instagram.com/catherineannt

Leveraged Lifestyle Podcast Details
iTunes: https://itunes.apple.com/…/leveraged-lifestyl…/id1380225106…
Stitcher: https://www.stitcher.com/…/progressivepr…/leverage-lifestyle

 

Elevate your Self, Wealth & Health, inspirational, mindset, lifestyle, experts, entrepreneurs, entrepreneurship, woman, public speaking, healthy, body, mind, soul, spiritual, energy, self, worth, development, help, passive income, success: https://www.instagram.com/catherineannt/