If You Make $15/Hour, Stop Doing Chores

0:00Unternehmer/Gast Buy time like a rich person, buy stuff like a poor person. And so, when you were thinking about time being the most valuable thing, if you've already dedicated yourself to working and earning an income and learning the skills, then you just want to pour as much time into that as you can. And so, fundamentally, you're buying your time back, your low-cost time or low-income time, so it's prepping food, going grocery shopping, cleaning your house, whatever else you do, with more income-earning time. I remember the first time I closed a $500 sale at my gym, I realized that that sale took me 30 minutes. And I knew that for me to buy groceries for the whole month four times would take me $500 and far more than 30 minutes. And so, I thought to myself, "My god, if all of that time I was grocery shopping and and food prepping and and and and cleaning up after myself and then doing laundry, if all of that time I could just sell more in a couple hours, I could do all of that stuff for free." And my poor mind was like, "Hey, that's wasteful.

1:03You could be doing that stuff on your own." But you buy time like you're rich, you spend money on stuff like you're poor. So, buy time, not stuff, because when you buy time, you can replace the money you bought it with and some. Let me put some real numbers to this. So, the average American spends $1,500 a month on 96 hours of work. And that breaks down roughly to cleaning their house, cleaning their clothes, buying food, preparing food, and cleaning food. I'm not even going to get into the 4 hours a day that the average person spends on social media and watching television. You're going to keep doing that, so I'm not even going to try to convince you not to. But if you just replace those things that you probably don't want to do, it costs about $1,500 per month. And so, as long as you make more than $15 per hour, because it costs about 96 hours to replace those activities, which means if I can replace 96 hours of work for $1,500, and it's also 96 hours of draining work. Like, it expends energy.

2:05It's not like you just sit there for 96 hours. You're actually getting actively tired from doing that stuff. If you took that same thing, and if you make more than $15 per hour in your active job, it makes sense. It's the logical decision for you to buy that and then go make more. Cuz you're also going to make money twice. Not only are you going to save the time and then work and make more, but you also get better at your job because all of those extra hours aren't just making you more money, you're also becoming more skilled. So, you get better faster.

2:36And so, if I have a year-long guy where he spends $1,500 a month to replace all of those things, at the end of that year, not only does he have more money at the end of the end of the year, but because he had an extra 100 hours of high-energy time that he didn't have to spend per month, he's getting 50% better per year. And so, that assumes that he doesn't get rewarded in his work for getting better, which by the way, in reality, you typically do as long as you ask. Real quick, if you are a business owner and you are not growing as fast as you'd like, I'd like to give you a free gift. So, my team and I put together the $100 million scaling roadmap, which is basically 200 hours of us looking over all the portfolio companies we've had and what stages of growth they went through and more importantly, where they got stuck and how they got past it. And so, we broke it into these 10 stages and we made this little kind of quiz thing where if you put in your business information, it'll tell you where you're at and the most important part for you, what to do for each of the functions of the business across product, marketing, sales, customer success, recruiting, IT, human resources, and finance. And so, no matter what you're struggling with, someone else has already struggled with it and solved it. And so, I'd like to give you this thing absolutely free. You can go to acquisition.com/roadmap, plug in your business information, and if you want us to actually help you deconstruct the business and you're trying to scale, we'd love to help you out. On the thank you Page, you just book a call with my team and we will look at your business, see if we can help, and if we can, we'll invite you out to Vegas and we'll do this in person live.