Want a simple way to implement Warren Buffett's 25-5 Rule?
Well, one tool that can help is this free printable worksheet.
Here's how it works:
#1. Review Warren Buffett's 25-5 Rule
If you're unfamiliar with this concept, then watch this video to learn more about Warren Buffet's rule for setting priorities in your life.
Be sure to save it to your computer or download.
#3. Brainstorm 25 Potential Goals or Projects
To get started, set aside 30 to 60 minutes for this exercise. Grab a pen and a piece of paper and finally avoid anything that will distract you from fully engaging in this exercise.
When brainstorming, think about the goals and projects you would like to accomplish in the next few years. These should be a mix of your personal and professional goals.
In fact, I recommend writing down ideas for the seven areas of your life:
- Personal Growth
Write down any goal that sounds interesting. So don’t censor any idea — even if you think it sounds silly. You should be thorough as possible during this brainstorming session.
#4. Identify Your 5 Core Goals
After completing this list, review it again and circle your top five priorities.
These will be your primary focus for your immediate future.
Now, the key here is to turn these priorities into a specific goal you can track.
That’s why I recommend using the SMART goal formula which stands for:
Specific, Measurable, Attainable, Relevant and Time-bound.
#5. Avoid the Other 20 Goals or Projects
This will be the hardest step of this process.
Once you’ve identified your 5 core projects, cross out the other 20 goals.
In fact, these items should be ‘avoided at all costs.’
Furthermore, whenever you see an opportunity related to one of these 20 items, then your immediate response should be to say NO to it.
Don’t ignore the power of this last step because one of the main reasons you feel overwhelmed in life is because you’re trying to do too much.
But when you simplify everything, then it’s easy to focus on what truly matters.