[Music] there are three things that you should know about time number one time is the most democratically distributed resource that exists but think about it every person is exactly the same amount of time available to them no matter whether that person is powerful or poor enterprising or idle or bright or ignorant number two time is an unrecoverable resource unlike other resources what makes time truly unique is that it cannot be bought or sold it cannot be bored or stolen stocked up or saved manufactured reproduced and it certainly cannot be modified all we can do is
make use of it and whether we use it wisely or not it nevertheless goes on with or without us and number three time is more valuable than money while you can always earn more money you cannot you will never be able to get more time yet the vast majority of us tend to think much more about the use of our money which is a renewable resource than we do about our time which is a non-recoverable one and far more precious what I want to do right now is to encourage a healthy obsession with time and
to provide you with four actionable ideas that will help you to manage both time and money while creating a massive sense of urgency in your life the first has to do with life expectancy see the average US life expectancy is is 74 years of age now if you cut that down the middle that tells us that middle age is 37 years old that's right middle age is nowhere near 50 it's 37 so here's my question for you do you have more yesterdays or do you have more tomorrows and regardless of which side of 37 you're
on I hope that that fact alone creates a sense of bias towards taking action on your goals the second actionable idea deals with simple math and it focuses in on the value of a minute how it works is simple We Begin by taking 24 hours we times up by 60 minutes and that gives us 1,440 minutes per day then we take 1,440 minutes we multiply that by 365 days that gives us a bottom line number of 525,600 minutes per year now here's where the money part comes in if you get paid $1 per minute what
that means is you will earn $525,500 per year now here's where it really gets interesting as we're going to talk about the relationship between time and money see if you make $25,000 per year what that tells us is that your time is worth 5 cents per minute if you earn $50,000 per year well that equates to 10 cents per minute in terms of what your time is worth now yes I am talking about when you're sleeping when you're taking the dog for a walk when you're going out to dinner when you're in enjoying a picnic
with your family whatever it is you happen to be doing that is the value of your time the next if you make $100,000 per year what that tells us is that your time is worth 19 cents per minute let's bump that up and look at the relationship between time and money at 500,000 if you earn $500,000 per year what that means is your time is worth 96 cents per minute now the big number $1 million per year well that comes down to is this $1 91 per minute now I shared this with you for one
primary reason and that is you need to know exactly what your time is worth and there's no hiding from the map to do that simply divide your current annual income into 525,600 and that will give you your current worth and the value to the minute of your time you must understand that you don't get paid for the week for the hour or for the minute but you do get paid for the value that you bring to each and if you're not happy with what you're earning then you must focus on leveraging actionable item number three
which is focus on the highest and best use of time this means engaging only in activities that are most likely to produce the greatest net return of time and energy invested in other words say hello to goal setting to discipline to focus and execution and say goodbye to excuses procrastination and unhealthy habits which devalue your time and financial future now the fourth and final actionable item is to take the challenge that is the 100 day challenge as you'll learn how to achieve goals faster than you ever thought possible you'll learn how to create more value
maximize your time and ultimately make more money you'll learn how to implement a proven repeatable process used by professional athletes and other Elite performers to get to the top of their game and last you will be able to create a performance explosion that will change your life forever so what are you waiting for get started right [Music] now
