In this episode, Tyler and Cody delve into the invaluable commodity of time and how to leverage it effectively for personal and professional growth. They discuss the importance of tracking time through methods like time logs and highlight the benefits of outsourcing mundane tasks, such as cleaning and meal preparation, to reclaim valuable hours. They look at the mindset shift from viewing expenses solely in monetary terms to considering the cost of time, encouraging listeners to invest in services that free up their schedules.

KEY TAKEAWAYS

• Keeping a time log can help identify where time is being wasted on menial tasks. By tracking activities in hourly increments, individuals can recognize opportunities to delegate or outsource tasks that do not require their specific skills.

• Understanding the monetary value of your time is crucial. By dividing your annual salary by 2000, you can determine an hourly rate that helps assess whether outsourcing certain tasks (like cleaning or meal prep) is a worthwhile investment.

• Adopting an abundance mindset regarding time can lead to more productive choices. Instead of viewing outsourcing as a luxury, consider it a strategic move to free up time for more valuable activities, such as learning or personal development.

• Creating a structured diary with designated days for specific tasks (e.g., sales, team training, meetings) can enhance productivity. This approach helps ensure that time is allocated effectively and that important tasks are prioritized.

• Reducing time spent on social media and other distractions is essential for maximizing productivity. Utilizing apps to limit access to distracting platforms or setting specific times for focused work can help reclaim valuable time.

BEST MOMENTS

"When I did a time log, I found that I was just wasting time doing some of these tasks. You think, I can hire someone else and then do the more valuable tasks."

"It's about looking at the time that you're currently spending and finding ways to sort of buy it back."

"No sane person would ever get to 30 years of age and say, 'I don't want more time.' So why do people not think in terms of time expenditure?"

"If you can just buy back that extra hour, even if it was just an hour, you can leverage that time for something more productive."

"The best way that I found that is the real eye opener, where you look at your Apple phone statistics and see where you're using your time."

HOST BIO

Cody & Tyler Barker are two brothers in their 20s who have a combined 20 years of business experience in taking a business up to high 7 figures in turnover, and growing. Together, they have built a team to allow their business to become self-sufficient and achieve the freedom that ALL Gen Z and Millenials are yearning for. They're here to prove it isn't a dream that's out of reach for ANY individual with the right guidance and steps taken. They have utilised business as a vehicle to travel the world for free, network with & learn from some of the world's most successful people all whilst maintaining great relationships and loving every minute.