The Brutal Truth about Time Management No One Wants to Hear — Transcript

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1. 0:00Everyone's trying to improve their time
2. 0:01management by building out task lists,
3. 0:03>> [music]
4. 0:04>> researching productivity hacks, or
5. 0:05spending all day planning. But, the only
6. 0:08goal of time management is to get you
7. 0:10the best returns on your time. That's
8. 0:12it. And if you're spending all day
9. 0:14trying to figure out what to do, but
10. 0:16never do anything, you're getting the
11. 0:18worst returns on your time possible.
12. 0:20Honestly, most people would be better
13. 0:21off forgetting about time management
14. 0:23completely. Over the past year, I've
15. 0:25been able to manage my time so
16. 0:26effectively, I've been able to build an
17. 0:28online business, start running and run
18. 0:3010 marathons in 10 months, build a small
19. 0:33personal brand,
20. 0:34>> [music]
21. 0:34>> spend 4 hours a day learning Spanish to
22. 0:36become conversationally fluent, get in
23. 0:38the best shape of my life, and become a
24. 0:40digital nomad, all in 1 year spending
25. 0:43less than 30 minutes a week planning. So
26. 0:46many of us get caught up [music] in the
27. 0:47weeds and forget what we're solving for.
28. 0:49We spend all day on this fake
29. 0:50productivity, feeling really good, but
30. 0:52getting nothing done. We think we're
31. 0:54trying to get better at time management,
32. 0:56so we solve for that. But, the reality
33. 0:58is time management is just a vehicle for
34. 1:00you to get to your goals faster. But,
35. 1:01the only real way you can get to your
36. 1:03goals faster is either taking more
37. 1:05actions towards your goal, or doing your
38. 1:07current actions more effectively. Last
39. 1:09year, I followed this extremely simple
40. 1:11framework for time management to take
41. 1:13more actions towards my goals and do
42. 1:15those actions more effectively to get
43. 1:17really good returns on my time and
44. 1:19achieve my goals, rather than achieve
45. 1:21getting better at time management.
46. 1:23[music]
47. 1:23The system follows three very, very
48. 1:25simple steps here that will make you an
49. 1:27absolute beast when it comes to your
50. 1:28time. Firstly, increase your time. This
51. 1:30gives you more base to take action off,
52. 1:32and this is the absolute foundations.
53. 1:34Secondly, fill your time with action.
54. 1:36Make sure the time that you actually
55. 1:38have, you're filling [music] with
56. 1:39extremely effective tasks. And then
57. 1:41thirdly, optimize your actions. Make
58. 1:43sure the actions that you are doing, the
59. 1:44time you are spending working towards
60. 1:46your goals, you're doing them extremely
61. 1:48effectively. That's all we have to do.
62. 1:50It's extremely simple, but I think where
63. 1:52people mess up the most is in this first
64. 1:54step. So, what stands between you and
65. 1:56your current goal is your output. This
66. 1:58will always be the case and really the
67. 2:00goal of time management is to absolutely
68. 2:02maximize your total output here. This is
69. 2:05what a lot of people don't understand.
70. 2:07Increasing time management isn't just to
71. 2:09improve your time management. Improving
72. 2:10your time management, the goal of this
73. 2:12is to improve your total output. That is
74. 2:14what stands between you and your goal.
75. 2:16So, the question is, what is your
76. 2:18output? Well, your output is a very
77. 2:19simple equation here. It consists of
78. 2:21your action and the return that you get
79. 2:24on that action. So, really if we're
80. 2:26trying to increase our total output,
81. 2:27there's two things that we can do. We
82. 2:29can either increase
83. 2:30>> [music]
84. 2:30>> the amount of action that we can take or
85. 2:33we can increase the return that we get
86. 2:35on the action that we do. Or even
87. 2:37better, you do both. This is how you
88. 2:39become an absolute wizard with your
89. 2:41time. Now, this is a huge mistake I see
90. 2:43a lot of people make. They go, "Okay,
91. 2:45well, I either have to increase the
92. 2:46amount of actions that I take or I have
93. 2:48to increase the return I get on my
94. 2:49actions. So, all I'm going to do is try
95. 2:51and increase the actions I take." But,
96. 2:53there's actually a step that we have
97. 2:55before this. Because right now, your
98. 2:57current limitation is the total amount
99. 2:58of time that you have to take action.
100. 3:01So, before we actually try and implement
101. 3:03more action or make this action more
102. 3:04effective, the first thing we have to do
103. 3:06here is actually get more time [music]
104. 3:09back. Because if we have more time to
105. 3:11take action, the ceiling expands. The
106. 3:14potential for you to take action
107. 3:15increases significantly and long-term,
108. 3:18if you have far more potential to take
109. 3:19action, you can take far more action,
110. 3:21which means that you can get a lot more
111. 3:23done. And if you can get a lot more
112. 3:24done, you're going to move towards your
113. 3:25goals faster and the likelihood of you
114. 3:27actually hitting your goals increases
115. 3:29[music] significantly. So, before we try
116. 3:31and figure out, how do I take more
117. 3:32action and how do I make this action
118. 3:34more effective, we got to figure out,
119. 3:36how can I increase my ceiling? How can I
120. 3:38increase my potential to take action by
121. 3:40getting more time back? By reducing this
122. 3:42limitation and giving myself more time.
123. 3:44Now, there's lots of things that we can
124. 3:46do to give ourselves more time back. The
125. 3:48beauty of getting your time back is that
126. 3:50generally getting time back involves
127. 3:52subtracting and not adding. And this is
128. 3:53really good cuz this is doing less stuff
129. 3:56than you originally done to get a huge
130. 3:58ceiling, a huge increase on your
131. 4:00potential for output. See, most people
132. 4:01right now live in a world full of
133. 4:03distraction. Everything in their
134. 4:04environment is distracting them [music]
135. 4:05and it's taking up the majority of their
136. 4:07time. The amount of time available to
137. 4:09take action is extremely low. And this
138. 4:12is why a lot of people have an extremely
139. 4:14low action ceiling. And if you zoom out
140. 4:16over the course of a year, even 5 years,
141. 4:18most people don't make any progress
142. 4:20whatsoever. And it's because the amount
143. 4:22of time available to actually do
144. 4:24anything, to actually progress forward,
145. 4:26is so low in comparison to the time
146. 4:28spent distracting ourselves.
147. 4:30Realistically, 99% of this distraction
148. 4:33is coming from our devices. It's coming
149. 4:35from online entertainment. And this is
150. 4:36why, if you look through a lot of my
151. 4:38channel, a lot of this is focused on
152. 4:39removing online entertainment because
153. 4:41this is where we are losing a huge
154. 4:43amount of time. And our time is our most
155. 4:45valuable resource. Our time, along with
156. 4:47our attention, are our most valuable
157. 4:49resources. And we're allocating this to
158. 4:51distraction.
159. 4:52We're essentially allocating our time to
160. 4:54the lowest ROI activities that we can
161. 4:56possibly [music] do. So, if we really
162. 4:57want to increase our total output, we
163. 4:59have to remove this distraction as much
164. 5:01as possible. This builds an incredible
165. 5:03base to work off. When you have this
166. 5:05level of base, the amount of action that
167. 5:07you have, that you can [music]
168. 5:07potentially take, is extremely high. And
169. 5:10this means that our ceiling, our
170. 5:11potential,
171. 5:12>> [music]
172. 5:12>> skyrockets. This is an absolutely
173. 5:14fantastic spot to be in. Now, this is
174. 5:16fantastic because we've built a really
175. 5:17strong base and foundation to work off.
176. 5:20But foundations and bases are only
177. 5:21effective if you actually decide to
178. 5:23build something on top of it. So, that
179. 5:25is the next thing that we have to do.
180. 5:26Our next big step here is implementing
181. 5:28action, making sure that with the time
182. 5:29that we have available, which is now
183. 5:31significantly larger, thanks to the fact
184. 5:33that we've removed a lot of
185. 5:34distractions, we fill this time with
186. 5:36action. Now, this is where a lot of
187. 5:38people get stuck. A lot of people spend
188. 5:39a lot of time in this stage planning or
189. 5:41doing research or doing admin tasks.
190. 5:44We're We're to fill this block with just
191. 5:47actions, things that genuinely move you
192. 5:49towards your goals, rather than things
193. 5:51that make you think about doing things
194. 5:52that move you towards your goals. So,
195. 5:54we're trying to really make this and
196. 5:56fill this time as much as possible with
197. 5:58genuine actions. Now, you might be
198. 6:00thinking, "Well, what if I don't know
199. 6:01what to do? What if I don't know what I
200. 6:03need to do to get myself towards my
201. 6:05goals?" The reality is, first of all, a
202. 6:07lot of us spend far more time planning
203. 6:09than we spend on action. You probably
204. 6:11know what to do already. If you don't
205. 6:13know what to do, I can get you to figure
206. 6:15that out in about 5 minutes. Go to
207. 6:17ChatGPT, say, "Okay,
208. 6:19this is what I'm trying to do. This is
209. 6:21the goal I'm trying to accomplish. What
210. 6:23are the actions that I have to take to
211. 6:24get me to that goal? If I just do these
212. 6:26actions consistently,
213. 6:27>> [music]
214. 6:27>> will this get me to my goal?" And
215. 6:29ChatGPT is going to give you a response,
216. 6:31and in about 5 minutes, you're going to
217. 6:32know what to do. Fill this time with
218. 6:35genuine actions, not planning. And guess
219. 6:37what? These actions probably won't be
220. 6:39100% perfect. [music] They won't be 100%
221. 6:42fantastic. However, you're spending 100%
222. 6:45of your time on actions. Over time, we
223. 6:48will level these up. We will improve
224. 6:49these and make these better. That's what
225. 6:50we do in the next step, but right now
226. 6:52the goal is really to fill this time
227. 6:54with as much action as physically
228. 6:55possible. We're trying to maximize
229. 6:57before we optimize. Because if we spend
230. 6:59all this time in fear trying to figure
231. 7:01out, "Okay, what can I be doing? What is
232. 7:03the best way to go about doing things?"
233. 7:04then all we do is we make these actions
234. 7:06and tasks far more terrifying, far more
235. 7:09scary, because we just keep putting them
236. 7:11off. The more we put them off, the
237. 7:12bigger and scarier they get. If we just
238. 7:14start taking these actions on and doing
239. 7:16[music] them, then you're going to A,
240. 7:17start actually moving forward, because
241. 7:19these are generally going to be somewhat
242. 7:21in the direction of your goal, but B,
243. 7:24the actual thought of taking on a task
244. 7:25and taking on a challenge is going to
245. 7:27become far, far less scary. Finally, now
246. 7:29that we've built out this fantastic
247. 7:31foundation and made sure that we are
248. 7:32maximizing the amount of time that we're
249. 7:33spending on the actions itself, finally
250. 7:36we can make sure that these actions are
251. 7:37getting us the best possible return on
252. 7:39our time. This is the third and final
253. 7:41thing that we do that acts as a
254. 7:42multiplier on your action to get us the
255. 7:44absolute best returns on our total
256. 7:46output. Now, a huge mistake I see people
257. 7:48make is they try and do this first. They
258. 7:50try and do this as the very first step.
259. 7:53But, if you do that, what happens is
260. 7:54you're trying to maximize the amount of
261. 7:56action you take on a very, very small
262. 7:58subset of actions. But, remember, this
263. 8:00is just a multiplier on the actions you
264. 8:02take. And, if you don't have much time
265. 8:04available, your potential is very
266. 8:06limited, and the multiplier you can get
267. 8:07is on a small number. If we maximize the
268. 8:10amount of time available to maximize the
269. 8:12amount of action we have, we get a
270. 8:13multiple on a much, much larger set of
271. 8:16actions, and this compounds and expands
272. 8:18in a big way. And, the reason that we
273. 8:20then try to make sure that we maximize
274. 8:22the amount of action that we're taking
275. 8:23within the time available is that if we
276. 8:25were not filling all of this time with
277. 8:27taking action, then what happens is you
278. 8:29only get a multiple on the actions that
279. 8:31you're actually taking. But, if your
280. 8:32actions are very limited, this is very
281. 8:34similar to having a limited base in the
282. 8:36first place. By expanding the amount of
283. 8:38action that we were taking to the
284. 8:39majority of the time that we had
285. 8:40available, what we do is that when we
286. 8:42decide to get the best returns on this
287. 8:44action, we get a big multiple on a lot
288. 8:46of action, and this is where we get
289. 8:48[music] huge returns on our time, and
290. 8:50this is where time management gets
291. 8:52pretty fun. The beauty of taking the
292. 8:53action first and then optimizing later
293. 8:55is that you have data available. You can
294. 8:57now feed that data through the AI. You
295. 8:59can then look at your data and analyze
296. 9:01it and see where to improve. If you
297. 9:02started off without action, [music] you
298. 9:04start off without data, and you don't
299. 9:06know what to optimize. You don't know
300. 9:08what actually genuinely works. When you
301. 9:10start by taking action first, you can
302. 9:11look back at the 100 runs you did last
303. 9:14year and go, "Oh, yeah, I didn't spend
304. 9:16enough time in zone two here." Or, you
305. 9:17can look back at the last 50 YouTube
306. 9:19videos you posted and go, "Oh, yeah, my
307. 9:21click-through rate was a little low
308. 9:22there, and my average view duration
309. 9:24wasn't as good." Or, you can look
310. 9:25through your funnel and go, "Oh, yeah,
311. 9:27my conversion rate isn't so good there."
312. 9:29A lot easier to do when you have the
313. 9:31data itself rather than when you're just
314. 9:32making guesses and assumptions and
315. 9:34spending all of this time planning. The
316. 9:36reason I was able to accomplish all
317. 9:37these different things throughout last
318. 9:39year is I started off by eliminating
319. 9:40online entertainment completely. I just
320. 9:43lived without any form [music] of online
321. 9:44entertainment by myself. This is all my
322. 9:46time back. This is a huge base for
323. 9:48taking a lot of action. Then I started
324. 9:50filling all of this time with different
325. 9:51actions, with working on my business,
326. 9:53with building the brand, with running,
327. 9:54with going to the gym, with [music]
328. 9:56learning languages. I started filling my
329. 9:58time with all of these specific actions
330. 9:59and over time I could look at the data I
331. 10:01built up and go, "Okay, I could improve
332. 10:03this in this way and I could improve
333. 10:05this in that way." But because I had a
334. 10:06really big base and a huge set of
335. 10:08actions, when I made those actions
336. 10:10better, when I got a better return on
337. 10:12that time, it was a huge multiple on a
338. 10:14very, very large number. And this is how
339. 10:16I was able to get a big, big return on
340. 10:18my time throughout the last year. Now,
341. 10:20if any online entrepreneurs watching
342. 10:21this video, if you want to turn
343. 10:22distraction into action to grow your
344. 10:25business, then you can join the Modern
345. 10:26Monk community for free. [music] I'll
346. 10:28leave a link in the description below
347. 10:29for that. For everyone else, if you want
348. 10:31to see how I got my life back on track
349. 10:33using boredom, you can check out this
350. 10:34video right here. So, I'll either see
351. 10:36you in the Modern Monk community or in
352. 10:39that video. Cheers.