Time Creates Money

Summary

• Managing your time effectively is key to achieving your goals. Use your calendar wisely, and if you don't have one, consider it essential.
• Time is a prerequisite for creating money. Initially, you need to manage time well to generate income, and eventually, you can leverage money to free up more time.
• If you lack a big ego, you might want to handle everything yourself, from hands-on tasks to setting an example. But as a company leader, your priority should be on activities that grow the business.
• Know the value of your time. As the founder or leader, focus on strategic growth tasks because if you don’t grow your company or department, no one else will.
• It’s important to delegate tasks that do not directly contribute to the business’s growth to ensure your time is utilized effectively.

Video

How To Take Action

I would suggest implementing time management strategies by starting with a digital calendar. If you don't use one yet, this tool will help you plan your day more effectively. Schedule key tasks that contribute to your goals and make sure they are your priority.

A good way of doing this is by understanding the value of your time. Focus on tasks that grow your business or personal development. For leaders, this might mean spending time on strategic planning instead of daily operations. Make a list of your tasks and identify which ones drive growth. Concentrate your efforts there.

Consider delegating smaller tasks that don’t directly contribute to growth. Freeing up your own time will let you invest more in activities that truly matter. You could ask yourself, "Could someone else handle this task as effectively as I do?" If the answer is yes, delegate it. This could mean automating email responses or having someone else handle administrative work.

Remember, it's vital to balance being hands-on and knowing when to step back as a leader. It might feel rewarding to tackle everything yourself, but it can detract from your overall growth objectives. By managing your schedule and focusing on high-impact activities, you'll create more opportunities for financial gain and save valuable time in the process.

Full Transcript

if you manage your time in a way that allows you to do the activities that will achieve the goal then you're likely to hit it right well what gets in the way all the stuff on your calendar and if you don't have a calendar that's probably a problem of its own and like what comes before money time time creates money and then eventually you can use money to create more time per but what precedes it is time learning how to manage your time it's tough if you're somebody who doesn't have like a big ego because like for me I'm always like I want to be the one that's willing to like get in there hands in the dirt scrub the toilets right and I want to work hard and I want to set an example for people but at some point when you're running your company you have to know what your time is worth and you have to understand that your time needs to be spent on growing the business because if yours isn't whose is right like really though like whose time is spent growing the business if not the person who owns and runs and has founded the company and so again if you're a leader in a company of any sort this goes for you too which is like if you don't grow your department who does