Automation: An Introduction
We covered batching yesterday, so it’s time introduce another key element of your redesigned lifestyle: automation. It’s exactly what it sounds like, and can apply to everything.
Automation: The technique, method, or system of operating or controlling a process with minimal human intervention.
At first, we need to focus on automating pieces of our life. This includes, but is certainly not limited to:
- Paying bills
- Responding to email
- Budgeting/money management
- Keeping up with social networking
All of the above contain at least one element that can be automated – it wouldn’t be possible to fully automate everything without a personal assistant (which we will get into later – virtual assistants are remarkably affordable and growing in usage).
Ideally, we also find a way to automate income. This is one of the largest focuses of The 4-Hour Workweek. Tim Ferriss does a great job providing methods and examples of automating income. It may not be as easy as he makes it out to be (my opinion), but it does seem to be extremely possible with enough up-front work. It’s just not as easy as planting a money tree.
By no means would this immediately replace your current job, but I think it begins by giving you a little bit of extra cashflow each month. The upside is unlimited – there are tons of people now making six or seven figures who spend very little time working on those processes that generate the income.
Workaholics will always be workaholics though. Chances are, if you could automate your current $50,000-70,000 per year, you wouldn’t sit at home and watch TV. You would still be out doing some form of work, trying to push that income higher and higher. At the very least, automated income helps those people take a few more vacations.
Automating pieces of you life will give you more free time to work on ways to automate income. Now that we’ve covered an introduction to batching and automation, I’m almost ready to reveal my new 30-day challenge (sometime in the next week or two). Stay tuned. ____________________________________________________________
30-Day Challenge Update – Day 23 (2/17):
iPhone screen protectors $ 2.98
Day 23 Total $ 2.98
30-Day Challenge Expense Total: $389.34
“Allowed” Expenses Remaining: $110.66
Average Daily Expense to Date: $16.93 (Target Average: $16.67/day)