The ultimate king of the investment world for over 60 years now Warren Buffet, who keeps inspiring us with his ability to think long-term, has shaped the world in a much better way while making billions of dollars for himself.
During a chat with Mike Filth, his long term pilot who has flown him for 10 years, Buffet jokingly said “The fact that you’re still working for me tells me I’m not doing my job. You should be going out after more of your goals and dreams.”
This question led to what we now know as The 5/25 Strategy.
This strategy is basically letting us decide what truly matters from what we think matters. The competition for our attention is getting bigger every day. We get diverted with a new #choice every now and then. With these so many options sometimes it’s hard to choose what’s not important to us thereby making our our goals suffer! So let’s discipline ourselves, be firm with our priorities and focus right because this would result in achieving all we want to do!
Step 1: WRITE DOWN YOUR TOP 25 GOALS.
The first thing Warren Buffett asked Flint to do was to list the most important career goals he wanted to achieve in his lifetime. These would total to 25 goals.
Step 2: DRAW A CIRCLE AROUND YOUR TOP5 GOALS.
Once Flint compiled his list of 25 career goals, Warren Buffett asked him to draw a circle around his top 5 most important goals. Flint was hesitant and uncertain because each goal was important to him, but nevertheless, he circled five goals.
Then, Buffett asked, “Are you sure these are the absolute highest priority for you.” Flint replied, “Yes.”
Step 3: FOCUS ON YOIR TOP 5 GOALS AND SAY NO TO THE REST.
After the brief discussion, Flint said to Buffett, “Warren, these are the most important things in my life right now. I’m going to get to work on them right away. I’ll start tomorrow. Actually, no I’ll start tonight.”
Buffett replied, “but what about these other 20 things on your list that you didn’t circle? What is your plan for completing those?” Flint replied swiftly, “Well the top five are my primary focus but the other twenty come in at a close second. They are still important so I’ll work on those intermittently as I see fit as I’m getting through my top 5. They are not as urgent but I still plan to give them dedicated effort.”
After a brief moment of silence, Buffett looked straight into Flint’s eyes and said, “No. You’ve got it wrong Steve. Everything you didn’t circle just became your ‘avoid at all cost list’. No matter what, these things get no attention from you until you’ve succeeded with your top 5.”
We can fit this strategy not just in our career goals but everyday life.
Example: If your goal is to Attempt at least 5 Online courses this year. First write down all the 20 skills you want to harness, and circle the top 5 skills that would be beneficial to your current position or experience. Then focus on these by looking out for top online academic platforms that can help you achieve that. Work on your time management etc…
If your goal is to manage your monthly internet subscription. Mark out top 20 platforms you know that eats your data. Circle the top 5 you know are useful to you. Next, be disciplined! Put a time limit for each site, and the number of files you would open, etc.
Who is ready to implement this? I have already started! Kindly share your results.