Consulting.com
Consulting.com
 

Tired Of Wasting Your Time? (Watch This)

Tired Of Wasting Your Time? (Watch This)

Summary


Are you tired of doing 1,000 different things and feeling like you're going nowhere?

Time is the most finite and precious thing we have in life --

What you spend your time doing, the decisions you make, this will determine how good or bad your life is. 

Last week I released a video called --

"Why productivity is bullshit: The secret is to do less, not more". (You can see it here).


The video blew up and it really struck a chord with people...

People are fed up with complexity and trying to do 1,000 different things! 

They want to take control of their time back, they want to be calm, decisive and effective. 

Because the video did so well -- I decided to make a follow up video on how to master your time.


Check it out and let me know what you think in the comments below? 


Here's what we cover: 

  1. Why your current situation in life is nobody's fault but your own. You did it! it wasn't the government, the weather or your boss.
  2. Why most people fail to see the long term consequences of the decisions and actions they make today. 
  3. How to track where your time goes each week using a free tool called "The 80/20 Power Grid". (Download it for FREE).
  4. How to gamify your life by imagining you only have "100 units" of time each week and then allocating them to the most effective places. 
  5. Why actions have different levels of effectiveness and why some actions harm you and cost you money while others make you thousands per hour. 
  6. The two tasks that Warren Buffet refuses to let go of and how you can focus on these things to earn $100,000+ per hour.


I explain all of these in detail in the video -- make sure you watch it in full because theres a lot of gold nuggets + FREE tools you don't want to miss!


Resources mentioned in this video: 


Check out the video and let me know what you think in the comments below?


To Your Success!

Sam Ovens & the team at Consulting.com

Transcript / MP3

00:00
/
00:00
Sam Ovens: Hey, what's going on everyone, it's Sam Ovens here. Last week I released a video, and it was called, why productivity is bullshit. The secret is to do less, not more. When I released that video, I basically told people, hey, look, people who are trying to do everything, and trying to use all of this fancy, and to do list stuff, and trying to post on 20 different social media accounts, that just bullshit. It doesn't work. If you're somebody that's trying to everything, well, you're probably going to achieve nothing. I released this video, and it worked, it seemed to resonate really well with people. It got a ton of comments, a ton of likes, and tons of people were writing in and saying, "Sam, this is exactly what I needed to hear." Also, we got a lot of questions. People were saying, "I feel this pain. I feel like all of my focus and attention is spread really thin, and I'm not getting anything done, and I'm working myself, I'm grinding myself out, and I'm getting burnt out, and not really going where I want to go." This seems to be a common theme among a lot of people. I wanted to, this week, I wanted to release another video, kind of a sequel that one. Following on, on the same sort of thing. I want to introduce you to a tool that I use, called the 80/20 Power Grid. This tool is amazing. What it allows you to do is, so it's actually a tool that you can use on your computer here. I just printed that out as an example. In this video, I'm going to give you the actual tool that you can use on your computer. But, basically what this tool does, is it allows you to track where your time goes each week. What I get you to do is, imagine that you have 100 units of time each week. Just think of it as a 100 units, just 100 things, right? What you need to do is, you need to just track yourself, observe yourself for one week, and just track where your time goes. Keep a notepad next to you, and if you spend an hour doing emails, just write email one hour. If you spend an hour driving somewhere, to the airport, or doing grocery shopping, or preparing meals, or cleaning, or whatever. Whatever you do, write down what the activity is, and how many hours you spent doing it. Even if it's sleeping, eating, watching Netflix. It doesn't matter what it is, write it down, and start tracking where your time goes each week. What this tool really enables you to do is, it puts your time units into different categories. One category is minus $100 an hour. You literally, by doing these activities, you're losing. An example of that is like, drinking alcohol, or smoking weed, or hanging out with negative people, or worrying about what other people think about you. If you do these sorts of activities, if you invest one hour into that, it's like you lose 100 bucks. Because, you're actually hurting yourself, and harming yourself. It's not, you might think, but I'm not actually losing money. You are, you're really losing money. Some activities are like $0 an hour. Things like watching Netflix, and checking Facebook and Instagram. Then, some things are $10 an hour, things like running errands, buying groceries, things like that. $100 an hour, solving a problem for a client, or reading books and taking courses. All the way up to $100,000 an hour activities, like capital allocation, and incentives, engineering, and things like that. Really, what I've done is, I've categorized all the different types of activities that you can do, and I've put them into different categories, and said, I've assigned a value to them, how much they're actually worth per hour. What this 80/20 Power Grid allows you to do is, track everything, and then it adds up where your time goes each week, and it gives you a total number. It's really like gamifying your life. It's really powerful, and on this video, I'm gonna give you the actual tools for free, so that you can use it yourself, starting right away. What I'm gonna do now is, I'm gonna jump onto my laptop, and I'm gonna explain this tool and give it to you. I'll see you on there now. All right, so here we are on my laptop, and first of all you can see I've got this 80/20 Power Grid sheet, which is loaded up. To download this, there will be a link beneath the video. Beneath the video, there will be a link. Click that, and it will open up for you. It will open the 80/20 Power Grid, using Google Sheets. You can make a copy of this, the instructions are here. It says, click here for the Google Doc, so you can click here, and you can get the link. But, to make a copy of it you go, file, make a copy, and then bam, and save it to your own Google Drive. You won't be able to edit this version, because this is the template, and you won't be able to edit it. You don't need to request permission for this. You can just go file, make a copy, add it to your own Google Drive, and then you've got your own one. Then, what I recommend you do is, you just hover over this little padlock up here, and then you just drag it into your toolbar here. The, you can write, you can edit 80/20 Power Grid. Bam, and now you have it in your toolbar, so that you can remember to do it each day. Then, you can get rid of it just like that. You can have quick access to it, and you can edit this thing online using your computer, your laptop, your iPad, your iPhone. It'll sync across all the different devices, because it's cloud based, it's online, and you can also share it with other people. You can share it with your team, and things like that. It's totally customizable, and it's totally free too, and very easy to use. Let me explain it. Basically what I've done here is, I've categorized different categories where your time can go. There's minus $100 per hour tasks. These are things like drinking alcohol, smoking weed, eating fast food, hanging out with negative people, worrying what people think about you, avoiding problems that need fixing, and breaking promises, letting people down, and doing stupid stuff. You might think, well, hey, that's not true. If I go eat fast food, I don't lose $100, so this is wrong. Well, no, but what you're not seeing is, you're failing to see the long-term consequences of your actions today. If you're drinking alcohol, and you're eating fast food, and things like that, hanging out with negative people, you might not notice. You're not gonna see $100 go out of your bank account. But, in the long-term, one year from now, two years from not. Geez, even like 20, 30 years from now, you're gonna be losing tons of money for these decisions that you make today. This is what this sheet is about. It's not about immediate return on these activities. It's about the long term consequences of these activities. There's actually, people don't understand this, but there's actually things you can do that cost you money. All of these things here are negatives. Then there's things, which are worth $0 per hour. Things like watching Netflix, checking Facebook and Instagram, scrolling through the newsfeed, watching YouTube videos that aren't educational, you're just mindlessly drifting and floating through YouTube, playing video game, unless you are a professional that is employed to play video games, and you actually make money for doing it, and that's your job. Well, then, that's fine. But, this is, when I say playing video games here, I mean playing video games, when really, you know you should be doing something else. Then, following other people's lives. People are crazy these days. They literally just watch other people's lives, and it, I honestly think that most people seem to care more about other people's lives than they do their own, which is pretty messed up. But, that's what happens these days. That's a $0 per hour activity. Then we've got $10 per hour activities, and these are like minimum wage activities, so running errands, buying groceries, or trips to any store, cooking meals, cleaning, doing dishes, attending meetings, or phone calls, and mowing the lawns, household maintenance, replying to emails, and social media messages, like direct messages or comments, and customer support, answering your phone and texts, even checking your voicemail, editing your website, and spelling everything perfectly. This is a minimum wage task. I make spelling mistakes all the time, and people always email me, and they're like, "Sam, you made a spelling mistake," and I'm like, yeah, of course I did, there's thousands of them. I'm not that worried about the spelling of things, I'm worried about the main thing, which is, do I have a business that actually solves a problem for people, and is it succeeding in solving that problem? Are my customers satisfied and happy, and is my company making money? If that's all happening, then who cares what, if a word's spelt incorrectly. These are things, which some people obsess about, but they're actually of pretty much little to no value. Then, cold calling and following up. All $10 per hour activities. You can see here that I've listed both personal life, and business stuff. Because, really, it's all the same thing. We're all we have is time, and it just goes into personal or business, and even the way you spend your personal time can be categorized too. Because, there's ways you can spend your personal time, that isn't working, that is still a good use of it. For example, exercise, or proper sleep and relaxation, unwinding, that's actually a very valuable exercise to do. Because, you're recovering, you're resting. That means, when you go back to work, you're gonna be sharper. However, there's other things you can do in your personal time, like hanging out with negative people, eating fast food, smoking weed, and drinking alcohol. What's funny is, some people do all four of these things at the same time, and that's like four negatives on top of each other. There's good ways to spend your business time, and there's good and bad ways to spend your personal time too. You want to map all of it. The time you sleep, the time you're doing everything. Track everything, not just your work day, what you do at home too. Then, there's some, now we're getting up a little bit more into $100 per hour activities. The reason why most people never really make more than 10 to $15 an hour, is because, they can never get past this category here. They're constantly stuck down in these areas. If you're doing minus $100 per hour activities, and you're only earning $15 per hour, of course you're not gonna have any money. That's what's incredible about this. It's all about the sum total of your decisions. That's what your life is. No, your life isn't the way it is, because of any external circumstance. It's not the government, it's not the country you're in, it's not anything. It's all your fault, and good or bad. Some people might have exactly what they want, and they're doing extremely well. Well, cool. That was their doing. They did that. Some people might really hate their life, and think it's totally messed up. Well, you did that to yourself. We all dictate what happens in our own lives. It's all about decisions and the decisions we make every day, every moment of the day. Through this 80/20 Power Grid, it's basically a way to look at the bad ones, and the good ones, look at where our time's going, and make sure that we're constantly trying to do more of the good stuff, less of the bad stuff. $100 per hour activities are things like solving a problem for a client or a customer, talking to a qualified prospect, writing emails to prospects or clients, managing pay per click campaigns, like Facebook, YouTube, AdWords, things like that, out sourcing simple tasks, creating best practice documents, so that creating instructions for a task, so that next time you give it to somebody, you don't have to explain it to them. You can just give them the instructions, and they can copy it, right? Then, posting content on social media, and then reading books, and taking courses. These are all $100 per hour activities. You might think, well, wait a minute. If I'm doing reading, and taking courses, and I'm posting content, how come I'm not getting $100 in my bank account when I read a booK? Again, it's about the longer term. This is where most people fail. They completely fail to see the consequences of their actions today, in one year, two years, three years, four years. They just can't see long-term. If you drink alcohol now, and eat McDonald's now, it's not gonna cost you really anything. But, in a year, or two from now it's gonna cost you a lot. However, if you start reading books now, and exercising now, well, you might not make any money immediately, but in the long-term it's gonna make you a fortune. It's all about how things compound over time. Most people think that money is the only thing that compounds. It's not, everything compounds. If you do bad things like to your health, and to your mind, and to all of that. Well, overtime, it's gonna compound, fester, and get worse. If you do good things over time, they're gonna compound, and grow, and get exponentially better. That is $100 per hour activities. Then, you've got $1000 per hour activities. Things like planning and organizing your day, negotiating with a hot prospect. This is someone who's pretty much ready to buy. They've just got a couple of questions. Building sales funnels, or building a webinar, and then delegating complex tasks, so instead of doing it yourself, briefing it to somebody else, and getting them to do it. Writing ad copy, or sales cope, and creating pay per click campaigns, so creating them is a little bit higher yield then managing them. You can see here. Then, creating and judging tests, and experiments. What I basically mean here is, split tests. These are quite high value activities. What would happen if we changed our price from this to that? What would happen if we made, if we changed our headline from that to that, what would happen if we did this? It's thinking about, it's brainstorming, and coming up with different tests, and experiments that you can do, and then conducting the experiments to see which ones perform better, basically using the scientific method to advance further towards your goal, but testing hypotheses, and just continuing the improvements. The, we've got building and testing systems and machines, and then exercise, sleep, and relaxation. Now, you might be like, "Wait a minute, Sam, I don't earn a $1000 per hour if I exercise, sleep, and relax. Because, when I got the gym, I workout, if I sleep, I don't make money." Yeah, but listen to this. This one will make sense. It's about the long-term. If you exercise, and you sleep well, and you relax properly, you're going to live longer. If you just live one year longer, and do you think, how much more money do you think you're able to make if you're working for one year longer? Even, if you're on minimum wage at McDonald's, if you just live for one additional year, you're gonna make way more than 1000 bucks. That's what I'm talking about here. By working on these things, you're able to not only extend the length of your life, but the quality of it, and how sharp and productive you are for the entire duration of it. You can see again, it's all about the long-term. Then, hanging out with smart people. When you hand out with smart people, or people who are smarter than you, and positive, and people who are generally better than you at what you're trying to do, then their intelligence rubs off on you. It's contagious, like a virus. But, on the end of the spectrum, hanging out with the negative people, if you're hanging out with people who think the world sucks, and nothing can be done, and that all we should do is just watch video games and complain, then that's gonna have a compounding negative effect on you, and it's gonna pull you into a dark, horrible place. However, if you do the opposite, so that's negative 100 an hour. If you hang out with smart people, that's positive 1000 per hour, so that's really gonna help. Same with meditation. Meditation allows you to get your mind clear. It allows you to think straight. When you can think straight, you're more productive, and you also are able to better prioritize your time, and stay away from distractions, and things that you don't really want to do, but you don't seem to have the will, or the awareness to stop yourself from doing them. Meditation helps you improve that. Meditations is a very powerful tool. That's why I put it in here at 1000 per hour. Because, over the long-term, meditation will really help you. A lot of the worlds billionaires do meditation. A billionaire, a lot of them make more than a million dollars an hour. This is what you've got to understand. A lot of billionaires actually make more than a million an hour. If a billionaire decides to meditate for 30 minutes a day, in a way that's half a billion dollars. What he, it must be worthwhile to do, if they do that, and they attribute quite a lot of their success towards it. You see what I'm saying? Then, we've got $10,000 per hour activities. This is creating and improving your products, creating and improving your offers, so making your products better. The better your product is, the better your business is going to do, and the better your offers are, the more value you're able to offer to customers, and the more ... If you're able to offer radically more value to your customers than anybody else, you win. Doing these things, is very powerful. Also, improving your value proposition, negotiation major deals, hiring and firing team members, cutting costs. Cutting costs is a high value one, because once you cut a cost, it doesn't cost you anymore. But, if you have a lingering cost that keeps billing you again and again, or every month, or whatever. Then, over time that's gonna add up to a huge amount. Cutting costs and really analyzing your costs in your business and in your personal life, is a very high value activity. A lot of people think it's mostly about just making more money. Quite often, cutting cost can be more powerful than making more. Then, another one is reflection and honest self analysis. Truly taking some time to yourself, completely quite, not checking social media and stuff, and being like, how can I improve? What am I trying to do? How am I getting distracted, and how am I deviating and wavering from my plans, and my intentions, and how can I fix that? How can I get better? The people who reflect, and are honest with themselves, and conduct really, really, really, really truthful self analysis, and who are honest with themselves, and don't deny things, and don't hide from the truth. They're the ones who make the most progress, and get the greatest rewards in life. Also, fixing repeating problems and errors. If you have problems in your life that continue to come up, and they're coming up quite often, it's like a repeating pattern, fixing one of those things is worth a fortune. But, not fixing, seeing a problem popup multiple times, and not fixing it, that's a negative. Here it says, avoiding problems that need fixing. Right, because quite often when we do this, the problem deteriorates more and more, and it starts getting worse, and worse, and worse, and worse. Fixing errors, and fixing problems is a big one. I've got a cool quote, which I remember on this one, and when, I forget who said it, but basically, if you own a factory, and you see a worker in there whose, every day, sweeping up dust. You don't just want to come into the factory each day and sweep the dust away, come in each day sweep the dust away. A really smart person will seek to eliminate the source of the dust. A really smart person, instead of just sweeping their dust away every day, they'll ask themselves, where is this dust coming from, and they will trace it, and they will find it, and then they will eliminate it. Then, that sweeping no longer needs to be done. Then it never needs to be done again. Now, you can see how there's a huge long-term payback in yield, from eliminating the root cause of errors, and fixing problems that constantly repeat themselves. $10,000 per hour activity. I think this is gonna open your eyes, or it's gonna open a lot of people's eyes as to what things have the highest effectiveness in the long-term. Then, we've got $100,000 per hour activities. I can imagine, right now, some people might be like, "Sam, no way is there things that you can do that are 100 grand an hour. Yes there are, but remember that the yield and the payback on these things is over the long-term, it's not immediate. But, over the long-term, that it will payback more than this probably. Capital allocation decisions, and salary and incentive decisions. This is really interesting. Because, Warren Buffet, I'm sure everyone know who he is. He's a billionaire, he's worth like 86 billion, or 90 billion, or something. Very successful. He owns a lot of different companies through his investment vehicle, called Berkshire Hathaway. He owns dozens of different companies. Now, he lets CEO and management teams run their own companies. Even though he owns them, he lets the CEOs run them. But, there's only two things that Warren Buffett will not let go of, and he won't negotiate with. The CEO is not allowed to control these two things, only Warren Buffett is allowed to. Those two are capital allocation decisions, and salary and incentive decisions. Those, if Warren Buffett makes sure that those are the only two things he manages for every business he owns, and he's worth 86 billion, you can imagine that these things are very important. Hence, $100,000 per hour or more. Capital allocation decisions is thinking, where are we going to invest our capital in the business, or in our life? Should we spend the money on ads, should we invest in hiring a team, should we build our own software, should we spend money on graphic design? Where should we allocate the money? If we've got 10 grand, where should it go? If we've got 100 grand, or 10 million, or 100 million, where do the different millions go? Those decisions are very, very important. Capital allocation. Then, salary and incentive decisions. Probably one of the most powerful human drivers is incentives. When humans have an incentive to do something, it totally changes their behavior, and I'll give you an example. In China, they've got this rule where, if you run someone over in your car, and you injure them, and they don't die, you have to pay for their medical care, and look after them for the rest of their life. What happens in China is, when people run someone over, if they don't die, they will make sure that they die. They will drive over them again, and again, and again, and then make sure they're dead, and then drive off. I'm not joking. You can search that, Google it, it's quite horrific, but that's actually what happens. Now, that's what happens when an incentive is imposed upon people. If you say, if you do this, you've got to do that, well, people are gonna make sure that they don't have to do that. Regardless of how horrific the act is. Also, in China, they, I think they've gotten rid of it now, but they said you're only allowed one child per family. They had one of the largest black markets of abortions, and also what happened is, families would abort their child, even if it was a girl, because they wanted a boy specifically. Because, then they could continue on the family name. That's the sort of crazy behavior that happens, when different incentives are in place. That's an extreme example, but I use an extreme example to really make this point clear to you. Humans will do disturbing things, good or bad, when incentives are involved. When it comes to creating salary and incentive plans for Warren Buffett's different companies, he makes all those decisions. Who is going to be on commission, and who isn't? The people who are on commission, how much are they gonna get, what percentage. Are sales people gonna be on commission, are the retail people gonna be on commission, and how much salary are we gonna pay to each different person in the company? Those decisions Warren Buffett will make himself. You, in your business, those are extremely important too. They're very high yield activities. Also, restructuring your company. Thinking, how could I restructure it to make it more efficient, more effective, and how could I restructure it to lower the costs, and all of that. Also, establishing long-term partnerships. A partnership that might last three, to 10, to 20 years, that's gonna have a yield for the long-term. Setting long-term strategy and direction, the vision and mission for the company, and also architecting systems and machines. I spend a lot of my time doing this one here, architecting systems and machines. There's this quote from Henry Ford, and he says, "Man without machine is a slave, and man with machine is a free man." There's a lot of truth in that. Back when Henry Ford was starting Ford Motor Company, most people did not have cars. They rode horses or walked. Now, there's not much freedom in that, because people have to go to different places, and if it's a serious job, and it sucks your time to travel, that not very freeing. Only the wealthiest people could afford cars. It was out of reach of most people. Henry Ford wanted to provide motor vehicles for every one. He wanted to democratize motor vehicles, which he did with the Fort Model T. What he's saying is that, a man with a car is a free man, but a man without one is a slave. In business this is true as well. If you're constantly a slave to all of these different tasks, then you need to try and figure out how you can automate it, or build a system, or a machine so that it can handle the task for you. These are very high value activities. Because, if you keep doing a task repetitively every single day, well, that's gonna take time away from you every day for a long period of time. That's a big suck of time. But, if you decided to architecture a system, or a machine, or an automation thing that can do that task automatically, every day without you doing it, well, that means every day you don't have to do it. That means, every day you save one to three hours or more. Really, building systems and machines that alleviate you from time and work, is extremely high yield activity, and I spend a lot of my time doing this each day. Also, radical innovation. Thinking about how your company can offer radically more value to customers than anyone else in the marketplace. These are all really high yield activities. Now, that I've explained these different categories, and given you different examples, how do you actually use it for yourself? Well, it says down here, where does your time get spent each week, and the different activities, this one's obviously minus 100, zero, 100 per hour, right? I've just put an example in here, like drinking alcohol. Let's say you spend, you track your time for a whole week, and every day you mapped down exactly what you did and where your hours went. Let's say I drank alcohol for two hours, I watched Netflix for seven hours. Then let's say I was following lots of peoples' lives on Instagram and Facebook, and spent 20 hours doing this. This is probably, most people spend, probably way more time following other people's lives than 20 hours a week, which is pretty scary, but it happens. Then, let's say that they have to do, mowing lawns, and household maintenance and things, and they spend, I don't know, 10 hours doing that. Then, they solve a problem for a client, that's already in here. Let's say they spend eight hours doing that. Right, you just plot in all the different tasks you do, and how many different, how many hours you spend on each task, and you update it over a whole week. Then, what this allows you to do, is it allows you to see. It give you awareness, and it gives you vision into where your time actually goes. Because, what I've noticed is, most people seem to move through life, and they don't really track it, they don't really think about it objectively, and they just, it's just all a big blur, and they don't know where it goes. Then, when they don't achieve what they want to achieve, they think, it must be the government's fault, or maybe I'm just not lucky, and that's bullshit. It's your fault, and it's because you didn't keep your eye on things, and you didn't plan, and you didn't execute correctly. You just wasted your time. This allows you to get awareness into that. Once you have awareness, then you're able to make a change. You'll be able to see how many hours you spend, and what activities you do that are in the minus $100 per hour category. Then it tells you the total hours you spend in there, and then it calculates how much yield you actually get from that. If I spent two hours drinking alcohol, well, I've essentially lost $200, right? Then, if you spend seven hours watching Netflix, 20 hours following other peoples' lives, well, then I've spent 27 hours doing $0 per hour activities. That means my yield for this is $0. If you spend all of your time in these two categories here, there's no way, there's no outcome in life, other than losing. Because, this is worth nothing, and this is worth negative. No matter what you do, you're losing. If you spend all of your time here, it doesn't matter what you do, you're just plateauing. You're not going anywhere. Then, here it's $10 per hour activities. If you spend a lot of your time here, well, life can be mediocre, but nothing very exceptional, or nothing even remotely awesome is going to happen. It's just going to be dull and mediocre, and you'll never really be able to get out of the struggle. Then, $100 per hour, now, this is where you can finally start to make some ground, but actually starting to do some $100 per hour activities. A huge revolution for a lot of people is when they start doing $100 per hour activities, and they start getting rid of the negatives. Probably one of the most important things that you can do starting out, is not to try and just do a bunch of the high yield things, it's to get rid of the negative ones. Get rid of these completely. Once you eliminate the negatives, that's the most important thing. Because, it's the negatives that are gonna pull on you the most, and I pretty much used to do all of these things quite a lot, so I know what it's like here. Probably did a lot of these things all at the same time. Probably all of them all at the same time. Pretty much every few days. That's, and when I did that, I was going backwards, fast. The first thing you want to try and do is eliminate this. Spend zero time here. I haven't, I used to drink probably 30 beers a week, or something. New Zealanders are huge on drinking alcohol. They're pretty much all alcoholics. Then, I've completely given up on it, drinking alcohol, and I haven't even been drunk in three years, and I probably have only had one beer in the past year. I completely eliminated that. I pretty much eliminated pretty much all of these things completely, zero, so I have zero here. Then, I pretty much eliminated all of the zero per hour, and all of the 10 per hour, and even a lot of the 100 per hour, and honestly, probably even a lot of the 1000 per hour, I've gotten rid of too. I get to spend a lot of my time up here in the $10,000 per hour stuff at the moment, which is great. That's how I've been able to really grow my business, to the point now, where we're making about 20 million a year. We're actually gonna make a lot more than that this year. But, that's what our run rate is at the moment. That's, how am I able to do that? By eliminating these, and by trying to spend most of my time, pretty much all of my time here, doing these. Now, the reason why my company isn't making more than 20 million, is I still haven't learned how to delegate these things, and move my time up here. When I get to 100 million a year, that's when I'll be mostly up here, and I will have built a team to do all of this stuff down here, and I will have no detractors. It allows you to see where your time's going. It totals up every category, and then the cool thing it allows you to do is, it gives you a total yield. It tells you with the sum total of all of your decisions and actions, how good were they. Because, that's basically what your life is. It's the sum total of all the decisions you make over your entire life, and you got to make a lot of decisions every minute of every day, all the time. When someone's life isn't good, it's because they bad decisions. When someone's is good, they make good ones. This is a way to really get awareness into what decisions you're making, where your time is going, and you're able to fix it. If I spent, here I've got minus 200, zero, then 200, 800, 1000. If you add all of those up, we get 1800, and let's say this is what I did for a month. Well, it might be kind of accurate. Someone who does actually do this in a month, will probably make about 1800 a month. Because, let's be honest, most of what they did here was nothing. They only did eight hours of work really. Eight hours of not that much work, like in an entire month. The rest of the time was wasted. That's how you use this tool. Now, if you want to know how to download it, you can just get the link beneath this video, so on our website, Consulting.com, there will be a link beneath the video. Scroll down there, click it, and it'll open up. It's a Google Sheet, which you can open with Google Docs. All you need to do is click file, and make a copy, and then you'll be able to save it to your own Google Drive. Remember, you won't be able to edit this version here. You have to go file, make a copy, save it to yours to be able to edit it. Like I said, you can grab this icon up here, drag it into you nav bar, click edit, and then you can call this 80/20 Power Grid, and then every day remember to start plotting in where all of your time goes. Once you start doing this, you can make a different one for each week. I could go, let's say this is the first week I do it. You can go duplicate, and this might the second week, like week two. Every week you can plot where your time goes, and improve it. Let's say here was week one. I analyze where my time went. I'm shocked to see that most of my time is wasted, so I have the intention to fix it the next week. Come into the next week, track my time. There's an improvement, but I'm still struggling to get rid of some of these things. We go into week three, week four, week five. It's an iterative process over time. You don't just do it once, and then that's it. You do it again, and again, and again. I pretty much try and track all of my team every single week, down to like 30 minute increments to see where it goes. Because, the only way I can get further in life, is by moving where my time is spent. If you want to know why some people are way more successful than others, it's because they spend more of their time over here, and less of their time down here. In fact, they will spend, most successful people will spend zero time down here. Zero time in these categories here. Nothing at all. All of their time will be up here. That's the only way that you get more successful, is by doing that. I'm sure this tool is gonna be very useful for a lot of people. I'm sure it's going to help a lot of people, and now what I want you to do is, if you've enjoyed this video, just click that like button, so like the video right now, and then let me know what you think in the comments. Let me know whether you thought this video was helpful. Let me know if you think this video is useful, or if you've got any questions for me about this at all, just let me know in the comment section below. I'm going to be checking all of the questions myself personally. Not my team, or anything like that, so post your comments below. Then, finally, make sure that you subscribe to my YouTube channel. Just hit that subscribe button, so that you can see more videos like this, and we release them pretty much every couple of days, and there's a lot of content on there, so make sure you subscribe. Thanks for watching this video, and I'll see you in the next one.

Comments