Investing Commentary

How to Work From Home Effectively

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If you have recently started generating the majority of your income by making savvy investments and buying dividend growth stocks, then you might find yourself working from home. Though you have the sense of entrepreneurship and financial freedom from managing your own time, it can be challenging to suddenly start making the home your workspace. If you have found yourself suddenly in the position of your home also becoming your office, then read on for some ideas about how to make the space work for you in a new and multi functional way.

Have a Designated Workspace

It can be tempting to stay in your pajamas all day and just transition from bed to sofa when it’s time to go to work. However, having a designated workspace will help you feel more focused and you might find that you can achieve more than you ordinarily would have done. In addition to this, it will be easier to switch off when your workday is finished if you are physically moving from your place of work and business to your space for leisure, entertaining and relaxing.

Set Work Hours

If you’re a procrastinator, you’re not alone! There are a thousand ways to put off working when you’re in your living space, from the productive (doing laundry, finally sorting out that cupboard or rearranging the files on your PC) to the less productive (surfing the internet, checking your social media, making your seventh snack of the day). If this sounds familiar, then you need to set work hours and stick to them. When you’re in charge of your own time, it’s easy to push the work back and get to it later but, before you know it, you’ll lose your evenings because you spent the day procrastinating. Treat your own set work hours as if you were going into an office and catch yourself out when you find you’re wasting time.

Get Organized

You want to make sure you’re working as efficiently as possible so, in order for this to happen, you need to get organized. Utilize the online resources you can get to save yourself time. Look for a business proposal template, for example, rather than spending time writing your own. Before you make a draft of anything from scratch, it’s always worth doing some research to find out if there is anything available online that can make you more effective.

Save Your Money

If you haven’t worked from home before, then there might be some things you’re missing. Colleagues in the office, office banter, after-work drinks, all the general socialization that goes along with working in a team. It’s worth working out though how much money you’re saving. If you don’t have to commute any more, that’s all money in the bank, not to mention a daily coffee or lunch habit. Make a tally of all the cash you’ve saved, and you can either hoard it away for a rainy day or use it to plan nights out with your friends to stay social even when flying solo and working from home.

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