Dec 14, 2016 04:22 AM EST By Audri Taylors, UniversityHerald Reporter

The success of an individual often relies on what a person has achieved when it comes to their financial status. And although this is not the only basis, it has already become the measure of success. Anyone can be successful in any aspect of life, but in order to do this, a significant amount of time and effort are required.

If you also wish to be as successful as some of the world's biggest billionaires, here's how you should be managing your energy and time.

Avoid distraction

When you get distracted, you are already losing time. When you are in the middle of doing a task and you decide to take a short break to check on your social media, you will never realize that time is already running and that's not really helping you achieve your goal.

Write down your goals because it is important for you to see the things you need to be focusing on. One of the most common mistakes people face is that they do not know exactly where to invest their energy. If you write down your goals, it would be a lot easier for you to identify the things that you need to prioritize.

Delegate tasks and share the responsibility

This is another way for you to empower other people and at the same time, you will become more productive. Imagine what a single person can just do in 24 hours.

Maximize the use of technology

This is going to make your work more efficient after you make sure you have a perfectly working system, otherwise, you will only make the problem worse.

Don't be afraid to break the rules

This does not mean that you have to be a rule-breaker but if you think that something goes against your belief and principles, you should know how to make a stand.

See Now: Covert Team Inside Newsweek Revealed as Key Players in False Human Trafficking Lawsuit