Working from home can be a great thing. You get to work in your pajamas, eat breakfast at the same time as you send emails, and take breaks whenever you want! But it doesn’t make us any less busy. So, if investments are on your mind, and you want to do it efficiently but don’t know how, here are some tips.
1. Use apps to track your progress easily
If you are only just starting with investing, tracking your progress can sometimes feel like a hassle. It’s not hard to do, but it does take some time. As long as you are using apps to track where you have been spending your hours this week, though, you will find that it becomes easier and easier over time. You’ll be able to put things in perspective.
Staying organized is an important first step for success with investments. This is especially essential if you invest in stocks. Using a stock tracking app will make it more likely for you to make money, and it is a great way to stay on track with everything. Apps that track your spending are also really useful because you might discover that you are overspending on certain things. This will help to force you to cut back, but it will also show you just how much money you have at the end of the day.
2. Cut down on distractions
There are a lot of distractions that come with working from home. For example, if you have kids, then they will probably need your attention from time to time. Even though they need to know that you’re working right now, it’s important for you to keep the door closed and put in some solid hours before you take a break and play with them.
If it’s something like this (or any other annoying distraction), try looking into earplugs or noise-canceling headphones so that you can block out all of those distractions and focus on whatever investment you are doing and studying about. This will lead to you spending more time studying and less time dealing with distractions. Setting goals for yourself is one of the easiest ways to make sure that you actually get something done. So if you feel like your routine doesn’t result in much progress at all, try setting small goals and working hard and consistently to meet those goals.
3. Check your emails at a set time and in a set place only
If you want to be more productive, it’s important to carve out some time for yourself. For most people, this means carving out at least an hour or two in the morning when no one else is around so that you can do your own thing. You might think that checking your emails first thing in the morning will save you some time throughout the day, but it actually just creates more work for yourself–and probably not even necessary work at that! Unless there is something urgent due right now, try checking your email only once every couple of hours, instead of constantly throughout the day. This way, work will get done a lot faster and without constant distractions. Also, try to stop yourself from reaching for your phone. If you are on your phone, instead of checking it every time you get a notification, try turning off any notifications that come through there. You can check out some apps to help you with this process if you want to make sure that the distractions are reduced as much as possible.
4. Do one investment task at a time
If you are trying to make progress on your investment goals, you might find that it’s hard to stay focused if you’re doing too many things at once. In order to be more productive, try to set a limit of how many investment tasks you will do at a time. For example, if you have two stock investments that you want to track, then try checking on those stocks every hour or so until they are done. Then move on to the next task. This is a more organized way of going about things, and it can actually result in faster progress because there won’t be any distractions coming up all the time.
It’s important to stay productive when working from home, but this often means staying off your phone and spending the time focused on the task at hand instead of looking for distractions. If you find yourself not being able to focus too without any distractions around, consider putting yourself in a different environment (like your backyard, for example). If you go outside and take some time away from the distractions of home, this will make it easier to focus.
Working from home can be a real blessing in certain situations. If you are trying to make progress on your investment goals, you might find that it’s hard to stay focused if you’re doing too many things at once. So, take it slow and study one thing at a time. Good luck!