Become wealthier—in every way that really matters—by effectively managing your time
In Become Time How to Stop Being Busy and Start Getting Wealthy, celebrated financial educator and business coach Lloyd Ross delivers an exciting, practical, and insightful new take on how to effectively manage your time to help you reach exceptional financial and lifestyle outcomes. The book teaches you how to achieve more by doing less and spending the time you save on things you love that also enrich your life.
You'll learn four powerful Time Rich laws with the potential to transform your life, work, and bank accounts. You'll also discover how you can apply the principles of purpose, elimination, leverage, and priority to dramatically improve every aspect of your day-to-day experiences.
Inside the
● Captivating narratives and practical exercises that will liberate you from the pernicious myth that "being busy" equals "being wealthy"
● Real-world techniques to help you scale your time and multiply your efficiency
● How to set boundaries that help you hang on to your precious time without eliminating valuable opportunities
I went in with low expectations as it's a brand new book, it's literally just published. I was pleasantly surprised at how much I got out of this book! As you can see from my notes below I had a lot of take aways :) And this book did influence my life, so I am grateful :)
Although I would say that Lloyd J. Ross isn't really a big name, I personally had never heard of him before. So I kinda skimmed over the anecdotes he would go over, which was quite a few. The structure of the book was learn something, have practical advice for you, along with personal anecdotes of Llyod's struggles/accomplishments/learning/observations etc.
I feel like it's really a 4.5/5 star but since I'm the first to review I gotta give it to the guy :P
My Notes: - He who works all day, has no time to make money” - John D Rockefeller - Know your definite purpose, your why. Distractions thrive in the absence of a definite purpose. - Every potential distraction task or event is either “Hell yes” or a firm no - Time poor mindset is to own stuff, just rent it and get all the benefits with none of the guilt or obligation. “Even beyond the financial cost of I keep and storage, there’s the mental cost of owning more stuff. Remember, the human brain can only make a finite number of decisions a day. Anytime you buy something, you are also buying a series of future decisions you will have to make about it, which takes you one step closer to decision fatigue.” - Time rich mindset: wealth = freedom of time. Only own income generating assets - People leverage, systems leverage (save yourself time, energy, and money - mark victor Hansen), capital leverage - Time poor mindset: reluctance to delegate. Do not think “if you want something done well, you have to do it yourself” Richard Branson didn’t have to become a pilot to start one of the worlds largest airlines Virgin Atlantic. He didn’t have to become a rock star in order to grow one of the world’s largest record labels, Virgin Records. Dan Sullivan says “delegate everything except genius.” Your genius includes the things you’re good at and enjoy doing. Determine your hourly rate. Annual salary divide by 52 weeks, then divide by 20hr/week. If the hourly cost of doing a task is less than your own hourly rate of income, then delegating it will create more time for you and also more money. Create 3 lists, things I can’t do (need attention but are beyond your capabilities), things I shouldn’t do (all routine tasks like cleaning), things I don’t want to do (significant tasks that are crucial but personally unappealing like bookkeeping). Do, document, delegate. Create many soft systems to speed up your productivity by developing step-by-step processes that are more efficient, predictable, and repeatable. - “If you always feel like you don’t have enough time in the day, you’re probably doing the wrong stuff” - Alex hormozi - Us president Dwight D Eisenhower has the Eisenhower method. “I have two kinds of problems. The urgent and the important. The urgent are not important, and the important are never urgent.” Tasks that are urgent and important are the ones you should prioritize immediately. Deserve the greatest focus. For tasks that are important but not urgent you can decide to do them later. Tasks that are urgent but not important should be delegated to someone or automated with a system asap. Tasks that are neither important or urgent are deleted - Charles Schwab made the Ivy Lee method. At the end of the day write the 6 most important things you need to accomplish tomorrow in order of importance. Tomorrow work only on those first tasks in order. End of day use any unfinished tasks to create a new list of 6 tasks for the next day. Repeat.