1: “I can’t afford it.”  That’s what many entrepreneurs tell themselves.

“Far too many entrepreneurs,” Dan Martell writes in his book Buy Back Your Time, “spend their time grinding because they erroneously believe that they’re the only person for the job, they can’t afford any help, or they feel guilty not doing certain work.”

What gets in their way?  As their business grows, they hire wrong.  They hire to … continue reading

Yesterday, we looked at how  Oprah Winfrey, Warren Buffett, Tom Clancy, and Andy Warhol spent their time.

How can we apply the lessons from this diverse group of incredibly successful people?  Dan Martell asks in his book  Buy Back Your Time.

We begin by creating a 2×2 matrix where we analyze how valuable each task we are doing in terms of (1) money and (2) … continue reading

1: In 2018, Oprah Winfrey provided Harper’s Bazaar with a detailed overview of her average day,  Dan Martell writes in his book  Buy Back Your Time.

7:01 a.m.: Wakes up surrounded by nature at her home in Montecito, California.

8:00 a.m.: Brushes teeth and takes her five dogs outside. Makes her favorite espresso.

8:30 a.m.: Enjoys a series of spiritual exercises like meditating, reading, and silence.

9:00 a.m.: Works … continue reading

1: Growing up, billionaire  Charlie Munger learned an important lesson from his father.

His dad was a lawyer.  “One of his best friends, Grant McFayden, Omaha’s Pioneer Ford dealer, was a client,”  Charlie writes in Poor Charlie’s Almanack.

“He was a perfectly marvelous man, a self-made Irishman who’d run away uneducated from a farm as a youth because his father beat him,” he notes.  “So he made his own … continue reading

1: Imagine a baker. Someone who loves baking cookies.  

The baker is so good at baking that their friends and family members recommend they start a business.

So that’s what the baker does.

“At first, it’s a side hustle,” Dan Martell writes in his book  Buy Back Your Time. But before long, the baker has clients all over town.  

It’s hard to keep up with the demand for cookies, … continue reading

1: Miguel is an entrepreneur who started a real estate software company.

He was drowning in customer support tickets.  

“I’d been obsessed with getting back to people and solving their problems as quickly as possible,” he shares in Dan Martell ‘s book Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire.

Dan writes: “Like most entrepreneurs, Miguel had built a business that was revolving solely … continue reading

1: “Oprah Winfrey had a rough childhood,” Dan Martell writes in his book  Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire.

“She bounced between her grandmother, her mother, and the man she calls her father, Vernon,” Dan writes. “As a young girl, she was abused. As a teenager, she had an unplanned pregnancy. Those were just a couple of the many troubles she … continue reading

1: GSD. Getting stuff done.

Perhaps replace stuff with a less polite word.

This trait is fundamental for most entrepreneurs. “Born entrepreneurs have to find a way to live fully, in their business and in life,”  Dan Martell writes in his book  Buy Back Your Time.

“If we’ve been eating the GSD fruit for some time now, we’ve probably found some success,” Dan notes. “Hard work, even at … continue reading

1: Billionaire Charlie Munger was once asked: What should a young person look for in a career?

“I have three basic rules—meeting all three is nearly impossible, but you should try anyway,” he writes in  Poor Charlie’s Almanack: The Wit and Wisdom of Charlie Munger.

Rule #1: Don’t sell anything you wouldn’t buy yourself.

Rule #2: Don’t work for anyone you don’t respect and admire.

Rule #3:… continue reading

1: For the past two weeks, we’ve been doing a deep dive into author Sahil Bloom‘s concept of “time wealth,” as detailed in his book The 5 Types of Wealth: A Transformative Guide to Design Your Dream Life.

We’ve explored how to see time and strategies to maximize the effectiveness of our time.

So far, we’ve looked at Warren Buffett’s Two Lists strategy, the Energy Calendar, … continue reading