Eight Things You Need To Know About Working Hard Versus Working Smart.

#WorldOfWork #FinancialLiteracy #PhilosophyMoneyMatters #YouthSpace

 

In this pandemic mode also known as the new normal, Covid-19 era, the era of uncertainty and many other names, life can be very challenging especially on finances. 

 

As a youth advocate and facilitator I love training youth on money matters as part of the creative entrepreneurship master class. I have my own challenges in reaching my financial goals and objectives especially at this moment where my business model of training at different youth spaces has tremendously been disrupted.

Photo by Michael Longmire on Unsplash

One thing for sure that I can't miss is in how to treat money which I believe is a vital life skill. 

 

Think about the following situations;

 

1. How do you behave when you don't have money? 

2. What about when you have it? 

3. Do you shift your financial goals as per the situation at hand? 

4. Do you plan with money at hand or do you have a plan that waits to meet money?

5. Do you do budgets?.

6. How much money is enough money?

7. How many sources do you have for money?

8. What does savings mean to you?

9. Who do you trust with your money?

10. Would you take a bank loan? 

 

Is there a difference between working hard and working smart?

 

There is a big difference between working smart and working hard, whereas this sounds like language symantec and can be argued to mean the same thing. In my books they have different meanings as follows;

 

Working Hard

 

1. The goal is to work towards meeting a need within a week or month (Short and medium goals). 

2. Keep routines to ensure a saving pattern is met without any project in mind (saving for the unknown future).

3. Works for money

4. When you die everything stops.

5. The traits aren't transferable to the next generation. No or limited inheritance.

6. Think more of now, tomorrow and future.

7. Runs business to survive.

8. You might work long hours with  less pay. (Average skill and survival mode)

 

Working Smart

 

1. The goal is to meet a more sustainable model where their money works for them.

2. Keeps a routine to ensure a steady financial flow between saving and investment. (Securing the known future)

3. When you die your money keeps on working in support of the family.

4. The traits are transferable to the next generation with a portfolio of inheritance.

5. You think more of yesterday, now, tomorrow and future.

6. Runs business to solve a problem.

7. Works towards meeting a need within  SMART objectives. (Specific, Measurable, Achievable, Realistic and Time bound)

8. You might work less hours, good pay (expert mode and special skill).

 

Here are some of my lifelong financial quotes; 

 

"Don't save for the future, save to secure the future" - Wilson Masaka, Youth Advocate.

 

"Learn how to treat money nicely or it  will treat you badly" - Wilson Masaka, Youth Advocate.

 

 

Do you want to read  further on the same topic?

 

Here is a great read from https://agileleanlife.com/the-big-difference-between-smart-work-and-hard-work/

 

Extract from the article;

 

"If you want to be well off financially, you need to have good money management skills, no matter how much you earn. If you want to work smart, you need to be in good health, regularly take care of your body with exercise and diet. If you want to be happy and feel secure, you need to have the capacity for loving yourself and others, and finding the right spouse that supports you on your journey and vice versa."

 

Don't be afraid to Google the same topic About Working Hard Versus Working Smart there are many other perspectives.

 

Have a great month of August.