Module 10: Time Management

The Thought Leader Formula Thought Leader Course
23 minutes
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Transcript

Welcome to Module 10, this is going to be all about hacking your time, efficient time management essentially. Now, if you're fantastic already at time management and you have tons of time available in your day, totally skip this module for the other 90% of you. Go ahead and listen in because I'm going to give you some tricks that are really going to help focus you because one of the biggest complaints I hear is that people who want to do the thought leader formula system, have no time or they already have too many things in their lives to do already. How in the world can you fit, creating and building a thought leader platform in your already overpacked life and that's by applying time management skills and hacks. systematizing your life so that you can have time to be able to do the things that you really want to do.

Now, that's the foundational secret of my success is that of course I treat my life as Robin Inc, a business told you in the very beginning, I don't differentiate between having a personal life and budget and a professional life. Every aspect of my life works together to achieve my life goals. And I just have that one life that includes my entire world, which is Robin Inc. Now, one of the most important ways to make sure you're approaching your own life as you ink with everything as one is to manage how you spend your time on a day to day basis, because time has a currency or can be essentially Metro sized. Once you've lost it, you've lost it. So I want to emphasize Of course, outsourcing one more time because that is One of the foundational concepts to efficient Time management is that important. In economics, of course, we call the last time that you didn't use as an opportunity cost.

And that can be measured even in money in time or in resources of any kind, or just by having a missed opportunity. In very basic language, everything you do every dime, you spend every choice you make, directs and commits certain resources. So those very same resources cannot be used in other ways. So how much time did you spend like designing your last presentation slides? How about grocery shopping the past month or editing your last article, right? Anything that takes time and you don't love doing because I'm guessing you don't love doing all those things that I mentioned.

And there are probably a lot of things in your day to day life that you have to do and you don't love to do so. outsource them. Find a way to spend your time more wisely. It's inexpensive now and easy to delegate tasks and responsibilities. My rule, choose the top five things you are best at and outsource the rest. And sometimes I do get that pushback from outsourcing everyday tasks.

People say they want to get out. So that's why they do their own shopping or things you know, or run their own errands and think to myself, really, you want to go do that instead of taking that 45 minutes to sleep for an hour with your children or just go outside and take a walk. You always have to sacrifice something in order to do something else, always. So why are you sacrificing time to go do things that can be outsourced? Now sometimes when you hire freelancers to do things, whether it is to run all your errands, or to do all your slides for you, you might worry that they're not going to do the tasks as well, or the same way you would do them. You're totally right, they aren't going to, again, it goes back to understanding if this is worth your time, because now you are building something where you're going to have extra revenue streams and you're going to increase your financial growth, right?

So why are you wasting time doing things? The truth is, freelancers do not always work out. And sometimes you have to sift through a few to find the right one. And maybe you need to get work redone. Sometimes. You have to consider that bigger picture and focus on maximizing your return on investment.

Does something actually need to be done? Just the way you would do it? Or can you let go of some of those smaller responsibilities as long as you keep moving forward towards your goals and what's truly important to you now, micro Managing and perfection are the enemies of time efficiency. And I think the enemies of success. I use vas Upwork, TaskRabbit. All these different platforms, there are quite a few other ones that I do use as well, from cleaning closets, to designing PowerPoints to even just washing the outside of my windows.

You just post a job and you get a handful of applicants and bam you hire and manage through the platform. Outsourcing should be really freeing, you no longer have to waste time on tasks that someone can do better or faster or just you know what, it's good enough. Good enough. Stay in line with your goals and have that overall project plan. Now I want to bring you to a concept called Eisenhower's mace matrix. And this does come from President Eisenhower.

Now what what that is, is it's a matrix with four quadrants and it can really help you stay organized. Divide things into the following categories, first quadrant up here, urgent and important. Then the second one, not urgent and important. The third one is urgent but not important. And the fourth quadrant is not urgent and not important. Just that simple thing could really simplify your life.

So the ones that are urgent and most important, that's what you do first. The things that are not urgent but important. That's your long term goal. So you get those done. But the things that are in quadrant three, which is not important but urgent goal is to minimize that list as much as possible. It's just a distraction, delegate that or figure out a way to not even worry about it.

Quadrant four, not important not urgent, off your to do list period on the stories you you just ignore that. That is a time waster and it is does not have enough ROI for you to worry about. eliminate them Now if you fill out the four quadrants with the things that you need to do either daily or weekly, or what have you, and you still feel like you have a lot in that urgent and important quadrant. prioritize it by the biggest moneymakers first and the things that will move you faster towards your goals. And just because it's in the urgent category doesn't mean you can't outsource it. So maybe you can delegate most of the stuff in there as well.

Now, if you still don't really understand where you're spending your time, learn how to master your calendar and I and your calendar really should reflect your goals. So looking at your calendar, and hopefully you're putting things in there and what you're going to do going forward for the next week is to put everything in there. Because it's not about the amount of work you get done and how busy you are, but the impact you make and how you spend your time. Sometimes you're going to say no to things and That's okay. You need to stay focused on your overarching goal. Warren Buffett said the difference between successful people and very successful people is that very successful people say no to almost everything.

If you're always too busy and you don't know where to cut things out, use this one week calendar challenge. What you do is you put everything that you did that day and are going to do that day. In your calendar, you can do a digital calendar, you can keep a list online or even just on paper. Now when I say everything, I mean everything. At the end of the week, you really want to understand where you are spending your time. Include exercise, errands, showers, getting dressed, meals, transportation, the time you spend on email, the time you spend on social media, phone calls, meetings, shopping, relaxing, sleeping, interacting, and eating.

Even just taking care of, say the animals, maybe you have to feed the dog or the cat every day. Put these things in. There's no judgment, we are designing your life for you. Only you're going to see this. What? This way you can really understand where you are spending your time and you're empowered to design it the way you want to.

This means you are in total control. If you want to spend three hours a day relaxing or gardening or whatever you want to do in your leisure time. Let's make sure that you design your life around having that. This is for you know at the end of the week, see where you're wasting time. What are the things that you do on a weekly basis can be outsourced, what can be cut out and maybe rearranged if your commute is taking a huge amount of time out of your day because you're going during rush hour. Maybe there is a way to rearrange the schedule or use the carpool lane or use a carpool.

So you're not driving and you can get things done in the car. There are different solutions. If you keep that flexible mindset, some things might be super obvious and just completely jump out at you. Do you spend three or four hours a week throughout the seven days cleaning, maybe it's time to outsource that task. Now yes, you are going to spend money but that is to be expected you are building a company. Now everything can be thought of as a business expense and an investment in you Inc, because this exercise really helps you achieve those goals by finding the hours in that you need in a day so that you can prior to prioritize them.

Now time being actual currency, get creative. If time is currency that may make sense to invest in things like a home gym, because doing it saves hours each month. If you aren't Having to go instead to like a if you drive to a gym instead, maybe you bring it into your home so that you don't have any of that time wasted in commuting. Now, if you're, you also should consider where you're spending your time and form that no brainer checklist. On that checklist are areas of time you can totally automate auto billing, right auto deposit, online grocery shopping systematizing your morning, look at repetitive things you need to do and see if they can be simplified. Instead of a thing.

You take five different vitamin pills a day every single day. Instead of opening five pills every single day you open a five pill bottles once a week and put it in our seven day container with each dose each day so that you just open up one thing every day because we all know doing things like that. It takes a few minutes and it can be irritating especially if you You are running late to a meeting. So what are those tasks that you look at on your calendar or an Eisenhower's matrix that are stopping you from succeeding? Most of us are not procrastinators when we when it comes to doing things that we love to do, right, when was the last time you procrastinated, doing something that you absolutely love? I know that that I know right away if I am procrastinating about something that I absolutely am dreading doing it.

So at that point, when I as soon as I realize I'm procrastinating, I outsource it. This is part of my hack everything mindset. It's a it's a way of thinking of like the path that gets you there, the easiest and fastest and most streamlined way to find solutions to accomplish things. So I'm going to give you some time hacking tips right now. Time hacking tip number one block off time, foundational, I block off three hours in the morning, every single day. And that is whether I am traveling or if I am at home, I eat breakfast and read tech news and healthcare.

I work out for one hour and then I get ready and you know shower and do all that and eat another small breakfast in the third hour. And then I am ready for my day. I do not take meetings typically before 10 or 1030 in the morning because of this time hacking tip number two, copy and paste is your friend. It will save considerably more time than you think. Keep your spreadsheet up to date with template language for BIOS for your descriptions and more. Then use it.

In fact I keep a Word doc that's either usually open or one of the last word docs that I've had open with general copy paste language I use frequently. Now this huge bonus to that kind of a system is that right? Repetition makes your brand and message memorable. Remember, we discussed that back in module six. Time hacking. Tip number three, use the 90% rule.

I live by this rule. It's from being an entrepreneur, if it's 90% done, it's done. If you try to achieve that extra 10%, to make something absolutely perfect, you are going to fail. And that or that last 10% will require a significant amount of time and resources. When my first book was finished, I wrote over it once or twice, twice, not 10 times, not even three times, read through it twice, quickly done. And then I moved on to my next order of business, went to publishing, because building a thought leader platform is the same as building a business.

If you haven't heard of Reed Hoffman, he's a very famous Silicon Valley VC here. And he famously said of startups is You're not embarrassed by your first version of your product, then you've launched too late. We cannot afford perfection, perfection equals failure. And that is your enemy. large corporations, they might strive for something closer to perfection because they have the resources to do so. And I think that they're wasting a lot of resources, but they like things perfect, sometimes these big huge corporations.

But take that extra 10% you can't afford that startups do not have the luxury of having the massive resources of a corporation and you are a startup now. Get your work to the 90% level and then move on. As you do you will realize just how true the perito principle is. And if you haven't heard of this, it is that 80% of the results come from 20% of the input. Time hacking Tip number four, make decisions and seize opportunities. Delayed decisions lead to inaction, which leads to lost opportunity.

So, people face three major obstacles typically in this area, fast decisions skills, you can rely on the courage to take that leap, and the time it takes to grab the opportunity. Now when it comes to making a decision of any kind, your brain can go down crazy paths when imagining consequences or results. To counteract this anxiety, take it one step at a time. Don't worry a year from now Don't delay decisions lead to inaction, which leads to lost opportunity. Sometimes what's causing me anxiety about making a decision are the potential ramifications much further in the future at least 10 or more decisions out. reducing the amount of information bouncing around in your head will allow you to focus on the ramifications of one decision.

The key here is to take it one step at a time. When you're trying to make a decision, here's a checklist you can use to help direct you to the right answer. Now, I also have this printed in the workbook, so you can use it for whatever decision you are going to be making. And when you use it in the workbook, I recommend putting on a timer for five minutes. And that's all you get to fill out the question the decision making questionnaire. Now it goes into things like what are the consequences of making the decision, understanding the consequences of not making the decision factors that have a direct impact on that decision, and goals and what could happen by making that decision.

Time hacking tip number five. This is my five minute rule to create habits. So when you want to create a new habit, like for instance Exercise habit, commit to doing it five minutes a day for a week. And then gradually add minutes from there go to 10 minutes go to 15 minutes. By starting small and then gradually increasing, the task is much easier to accomplish. And because it's the first two minutes of doing anything that are the hardest, he may find you greatly surpass five minutes even that first week or that first day.

Time hacking Tip number six. Live by the rule finish the small task. If a task takes less than two minutes to complete, do it now. Instead of putting dirty dishes into the into the sink, immediately put them into the dishwasher. Instead of letting your inbox pile up. Jot off as many quick responses as you can, in a two minute timeframe.

By taking immediate action on things. Nothing ever piles up on your To Do list and you actually save time in the long run. And time hacking tip number seven. Last one. Simplify your environment. clutter is a major enemy of efficient time management.

It's easier to see thing, it's easier, much easier to actually lose things in a cluttered environment and easier to see them in a straightened environment. And when you have a lot of clutter, you spend considerable time moving your stuff around and taking care of it. So ask yourself, do you manage your possessions or do your possessions manage you? So here are the action items and this first one is going to be fun. I'm telling you, it's actually going to be fun. gratitude for large boxes or bags like garbage bags, and you walk around your home and grab anything that you do not want anymore.

You can have one bag for donation, one bag for storage One bag for trash. Now, if you can't get rid of something for sentimental value or you know, Aunt, whoever it gave it to you and she visits once a year, put that in storage to take out when she comes. Everybody has at least two to three garbage bags full of worth of stuff in their homes that they need to eliminate. knickknacks magazines that you know you are not going to read. You know you're not going to get them out of your environment. There are destruction books you aren't going to read again.

Donate them, clothes that don't fit you or are stained or anything that's been sitting aside waiting for you to fix it for a long time. Imagine you put your sunglasses there a year ago to bring to the sunglass place, throw them away or donate them. You aren't going to do it. Do not do paperwork in this exercise, do not organize things. Those things are hard. And you know that right?

All you want to do right now is just Eliminate, eliminate, eliminate, eliminate, do not organize, do not hang things up. Do not read that piece of paper, put it down, you're just eliminating clutter. All right, second action item, choose one or two of those seven tips that I mentioned, and start practicing. I'd recommend that five minute rule for a new habit and putting in your foundational time. So what part of your day and I would I would also recommend morning because a lot of people it really helps set up your day if you have a good foundation. How much time do you need?

And what's that other one? Five Minute role. Every small task and responsibility can add stress and pressure to your life. And as as the list gets longer, right, you can become more overwhelmed by things and at some point, you need to start asking yourself Not only about the possessions but do I manage my time? Or does my time manage me? So let's talk about that decision worksheet.

Next time you have to make a decision, and you don't necessarily need to do five minutes for giant decisions, like moving to another country, very different thing. But we come across and have to make many, many decisions on our daily lives. So use this decision worksheet anytime you can't make an immediate, fast decision. Write down what the decision is to be made. What are other things that you need to consider? If you decide to do this, what are the immediate consequences?

What would be the what would be the consequences if you delayed or didn't make this decision? And then what is the best thing that could potentially come from you making a decision? And then answering after answering those five questions? What fears and anxieties Do you still have Have around making that decision and then write the decision down because that is going to solidify it in your head and it's going to close it, you're going to have what's called a closure. All right, so that's it for module 10. I'm going to see you again when you check out the the quick conclusion video, and go have an amazing time just throwing away a bunch of things later

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