A Guide That Make You Rich & Life Easier – Part I
These Lifehacks / Lifeprotips / Rules will make your life easier and could make you rich!
Most people struggle with making decisions, with how to be more productive and make sense of their lives. This one’s for you. For years, we’ve used these rules to get out of weird situations, to make the most of our time and get an edge over others.
These are real-life tested and definitely good to have in your portfolio of tools. We recommend you go through the list with us and write down those that you can apply in your life starting today. Once you’ve got the tools you need you are ready to begin.
- The 100:10:3:1 Investing Rule
This first one is an Investment Rule. Most of you are interested in real estate investing and this is probably the most well-known rule between professional property investors. If you’re going to buy any property you need to know this.
The 100:10:3:1 rule goes like this:
In order to make a smart investment:
An investor must look at at-least 100 properties to find 10 potential deals that can be profitable. From these 10 potential deals an investor will submit aggressive but fair offers on 3 of them. Of the 3 offers submitted, 1 will be accepted 100 10 3 1, but that one property is going to make you a lot of money. Then repeat.
Write it down and remember it. If you’re serious about real-estate investments this is the foundation you want to build on. If you rush things, you’re going to lose money.
- The ‘You Cut – I Pick’ Rule
We love this rule so much. One of our mentors taught it after selling a 20 million dollar business. He said he uses it all the time both in business and at home with his kids.
Let’s say your kids are fighting over the last piece of cake in the fridge and both of them claim it to be rightfully theirs. Here’s how the rule works. Once person cuts and the other gets to pick which half he wants to keep.
This amazing rule gives power to both sides. It’s one of those smart tricks that maximizes the return and also minimizes the risk at the same time.
One kid cuts the piece of cake and the other gets to choose which side he wants. Because of this both parties win and the result is usually the perfect cut.
This works great in business and life. Some of you might be surprised to find out, but this rule is actually mentioned in the bible as a tool to solve issues of this sort, in the Book of Genesis (chapter 13) to be precise.
- The 100 Hour Rule
This is one of those rules that should put clarity on what you should prioritize in life. It was re-popularized recently but social influencer Jay Shetty.
It all boils down to a big and simple question…
If you had 100 hours to invest in 3 buckets:
- What you’re good at
- What you’re average at &
- What you’re bad at
How would you split those hours? Take a moment to do make your decision.
Would you split it equally 33, 33 and 33? Maybe a bit more on other parts?
They asked the same question the most successful and smart people in the world and their answer is beyond interesting. They said they would either put 80% into what their really good at and 10 and 10 in the other two, or 100% and 0 and 0.
This is really important! You need to invest almost all of your efforts into what you’re exceptionally good at. Forget everything else and focus on your strengths, because this focus allows you to get ahead and win. Everything else will just result in you being average and lose.
See also: Part II
