I have to tell you, my thoughts on time has changed drastically in the last few months. I consider my "time" very precious right now. Since my promotion at the JOB and my new son, my life has changed.
I am trying not to work over 40 hours, but its been tough. In addition, I have a 50 minute commute each way.
Spending time with my son has been great and I do it everyday. In addition, my wife and I decided to take one day out of the weekend to just "chill out" with the family. Without allocating time to do this, we end up filling out schedules doing chores and work. We have actually forgot how long its been that we went out on a date. ;-(
So, I have accepted these changes, but where does this leave me with real estate? I no longer want to scan listings at lunch, and can't do much one day of the weekend. I estimate I can only do 5-10 hours a week at most.
This includes: finding deals, creating lists, talking w/ sellers, education, checking out houses, writing offers, closing deals, working on houses, renting them out, quick books, selling, marketing, advertising, rehab, networking, education, etc...
Not much time when you want to buy many houses, huh? And if I want to have any fun, real estate will be zero for the week. I'm still trying to figure this out, but my time will have to be focused like a laser. I need people to find me deals, enter and exit criteria need to be easier.
I have read time management books, and I have ideas, but I'm going to have to trade money for time.