#795: The End of Time Management

Transcript from https://podmenti.com/t/c2812b8d1cdcbc3f

Well hello, boys and girls, ladies and germs. This is Tim Ferris. Welcome to another episode of the Tim Ferris Show. If you want the long form deconstructing world class performers,
Interviews.
then you can pick one of the other 800 episodes or so that I have done. But this time around, you know I like to experiment. We have a different format featuring the book that started it all for me, the four hour work week. And even though it was published in 2007
Back when I had hair, it was one of Amazon's top ten most highlighted books of all time. Last time I checked in 2017, and there were actually two of my books on that list. The Four Hour Body was the second.
But back to the topic at hand, readers and listeners often ask me, what would you change? What would you update?
But an equally interesting question is what wouldn't I change? What has stood the test of time
What hasn't lost any potency? What do I still personally use? And this episode features one of the most important chapters.
from the four hour work week. It includes tools and frameworks that I use to this day, including Pareto's Law, Parkinson's Law, and many other fine details. It is called the end of time management. It is narrated by the great voice actor Ray Porter.
And if you are interested in checking out the rest of the audiobook, which is produced and copyrighted by Blackstone Publishing, you can find it on Audible, Apple, Google, Spotify, Downpour.com, or wherever you find your favorite audiobooks.
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Optimal minimal.
At this altitude, I can run flat out for a half mile before my hands start shaking. And then also you personal question.
No, we're just seeing it.
I'm a cybernetic organism, living tissue over metal endoskeleton.
Three
No
Step two.
Mm.
Is for elimination.
One does not accumulate but eliminate.
It is not daily increase but daily decrease.
The height of cultivation always runs to simplicity.
Bruce Lee.
Five.
The end of time management.
Illusions.
And Italians.
Perfection is not when there is no more to add.
But no more to take away.
Antoine de Saint Exuperi.
Pioneer of international postal flight.
and author of Le Petite Prince.
The Little Prince
It is vain to do with more what can be done with less.
William of Ockham.
thirteen hundred to thirteen fifty.
originator of
Ockham's Razor.
Just a few words.
on time management.
Forget all about it.
In the strictest sense, you shouldn't be trying to do more in each day, trying to fill every second with a work fidget of some type.
It took me a long time to figure this out. I used to be very fond of the results by volume approach.
Being busy.
is most often used as a guise for avoiding the few critically important but uncomfortable actions.
The options are almost limitless for creating
Business.
You could call a few hundred unqualified sales leads and
Reorganize your outlook contact.
Walk across the office to request documents you don't really need.
Or fuss with your blackberry for a few hours.
When you should be prioritizing.
In fact,
If you want to move up the ladder in most of corporate America.
And assuming they don't really check what you were doing.
Let's be honest.
Just run around the office building holding a cell phone to your head and carrying papers.
Now that is one busy employee. Give them a raise.
Unfortunately for the NR this behavior won't get you out of the office or put you on an airplane to Brazil.
Bad dog.
Hit yourself with a newspaper and cut it out.
After all, there is a far better option.
Then it will do more than simply increase your results. It will multiply them.
Believe it or not.
It is not only possible to accomplish more by doing less,
It is
Mandatory.
Enter the world.
of elimination.
How you will use productivity.
Now that you have defined what you want to do with your time.
You have to free that time.
The trick, of course, is to do so while maintaining or increasing your income.
The intention of this chapter and what you will experience if you follow the instructions is
is an increase in personal productivity between one hundred and five hundred percent.
The principles are the same for both employees and entrepreneurs, but the purpose of this increased productivity is completely different.
First.
The employee.
The employee is increasing productivity to increase negotiating leverage for two simultaneous objectives.
Pay raises.
And a remote working arrangement.
Recall that as indicated in the first chapter of this audio book, the
The general process of joining the New Rich is D E A L
In that order.
But that employees intent on remaining employees for now need to implement the process as
D E
L
A
The reason relates to environment.
They need to liberate themselves from the office environment and
Before they can work ten hours a week.
For example, because the expectation
In that environment is that you will be in constant motion from nine to five, even if you produce twice the results you had in the past, if you're working a quarter of the hours of your colleagues, there is a good chance of receiving a pink slip.
Even if you work ten hours a week and produce twice the results of people working forty,
The collective request will be
Work forty hours a week and produce eight times the results.
This is an endless game.
And one you want to avoid.
Hence the need.
for liberation.
First.
If you're an employee, this chapter will increase your value and make it more painful for the company to fire you.
than to grant raises and a remote working agreement.
That is your goal.
Once the latter is accomplished.
You can drop hours without bureaucratic interference and use the resultant free time to fulfill dreamlines.
The entrepreneur's goals are less complex, as he or she is generally the direct beneficiary of increased profit.
The goal is to decrease the amount of work you perform while increasing revenue.
This will set the stage for replacing yourself with automation.
Which in turn permits.
Liberation.
For both tracks some definitions are in order.
Being effective.
Versus being efficient.
Effectiveness is doing the things that get you closer to your goals.
Efficiency is performing a given task.
Whether important or not.
in the most economical manner possible.
Being efficient without regard to effectiveness is the default mode of the universe.
I would consider the best door to door salesperson efficient.
That is refined and excellent at selling door to door without wasting time, and
But utterly.
Ineffective.
He or she would sell more using a better vehicle such as email or direct mail.
This is also true for the person who checks email thirty times per day and develops an elaborate system of folder rules and sophisticated techniques for ensuring that each of those thirty brain farts moves as quickly as possible.
I was a specialist at such professional wheel spinning.
It is efficient.
On some.
on perverse level.
But far from effective.
Here are two truisms to keep in mind.
One.
Doing something unimportant well?
does not make it important.
Two.
Requiring a lot of time.
does not make a task important.
From this moment forward, remember this.
What you do.
is infinitely more important than how.
You do it.
Efficiency is still important, but
But it's useless unless applied to the right things.
To find the right things?
We'll need to go to the garden.
Pareto and his garden
eighty twenty.
and freedom from futility.
What gets measured gets managed.
Peter Drucker.
Management theorist.
Author of thirty one books.
Recipient of Presidential Medal of Freedom.
Four years ago, an economist changed my life forever.
It's a shame I never had a chance to buy him a drink.
My dear Vilfredo.
Died almost one hundred years ago.
Vilfredo Peretta was a wily and controversial economist cum sociologist who lived from eighteen forty eight to
to nineteen twenty three.
An engineer by training, he started his varied career managing coal mines and
And later succeeded Leon Valra as the chair of political economy.
At the University of Lausanne in Switzerland.
His seminal work.
court d'économie politique included a then little explored law of income distribution.
That would later bear his name.
Pareto's Law
Or the Pareto distribution.
In the last decade also popularly called
The eighty twenty principle.
The mathematical formula he used to demonstrate a grossly uneven but predictable distribution of wealth in society is
Eighty percent of the wealth and income was produced and possessed by twenty percent of the population.
Also applied outside of economics.
Indeed,
It could be found almost everywhere.
Eighty percent of Peretto's garden peas were produced by twenty percent of the pea pods he had planted, for example.
Pareto's Law
can be summarized as follows.
80%.
Of the outputs result from twenty percent.

Alternative ways to phrase this, depending on the context, include
eighty percent of the consequences flow from twenty percent of the causes.
Eighty percent of the results come from twenty percent of the effort.
And time.
Eighty percent of company profits come from twenty percent of the products and customers.
eighty percent of all stock market gains are realized by twenty percent of the investors and twenty percent of an individual portfolio.
The list is infinitely long and diverse, and
And the ratio is often skewed even more severely.
Ninety ten.
Ninety five.
and ninety nine one are not uncommon.
But the minimum ratio to seek
is eighty twenty.
When I came acrosto's work one late evening, I
I had been slaving away with fifteen hour days seven days per week.
Feeling completely overwhelmed and generally helpless.
I would wake up before dawn to make calls to the United Kingdom and
Handle the US during the normal nine to five day.
And then work until near midnight making calls to Japan and New Zealand.
I was stuck on a runaway freight train with no brakes.
Shoveling coal into the furnace for lack of a better option.
Faced with certain burnout or giving Pareto's ideas a trial run?
I opted for the latter.
The next morning I began a dissection of my business and personal life and
Through the lenses of two questions.
One
Which twenty percent of sources are causing eighty percent of my problems and unhappiness.
Two
Which twenty percent of sources are resulting in eighty percent of my desired outcomes and happiness.
For the entire day I put aside everything seemingly urgent and
And did the most intense truth bearing analysis possible.
Applying these questions to everything from my friends to customers and advertising to relaxation activities.
Don't expect to find you're doing everything right.
The truth often hurts.
The goal is to find your inefficiencies in order to eliminate them and to find your strengths so you can multiply them.
In the twenty four hours that followed
I made several simple but emotionally difficult decisions.
That literally changed my life forever.
And enabled the lifestyle I now enjoy.
The first decision I made
is an excellent of how dramatic and fast the ROI of this analytical fat cutting can be.
I stopped contacting ninety five percent of my customers.
And fired.
Two percent.
Leaving me with the top three percent of producers to profile and duplicate.
Out of more than one hundred twenty wholesale customers, a mere
Five.
We're bringing in ninety five percent of the revenue.
I was spending ninety eight percent of my time chasing the remainder, as the aforementioned five ordered regularly without any follow up calls, persuasion, or cajoling.
In other words,
I was working because I felt as though I should be doing something from nine to five.
I didn't realize that working every hour from nine to five isn't the goal.
It's simply the structure most people use.
Whether it's necessary or not.
I had a severe case of work for work.
W four W
The most hated
Acronym in the NR vocabulary.
Oh.
And I mean one hundred percent of my problems and complaints is
Came from this unproductive majority.
With the exception of two large customers who were simply world class experts of the here is the fire I started now you put it out approach to business.
I put all of these unproductive customers on passive mode.
If they ordered?
Great, let them fax in the order.
If not,
I would do absolutely no
Chasing.
No phone calls, no email.
Nothing.
That left the two larger customers to deal with, and
who were professional ball breakers but contributed
About ten percent to the bottom line at the time.
You'll always have a few of these.
And it is a quandary that causes all sorts of problems.
Not the least of which are self hatred and depression.
Up to that point I had taken their brow beating insults.
Time consuming arguments and tirades as a cost of doing business.
I realized during the eighty twenty analysis that these two people were the source of nearly all my unhappiness and anger throughout the day.
And it usually spilled over into my personal time, and
Keeping me up at night with the usual
I should have said X, Y, and Z to that penis self flagellation, and
I finally concluded the obvious.
The effect on my self esteem and state of mind just wasn't worth the financial gain.
I didn't need the money for any precise reason, and I had assumed I needed to take it.
The customers are always right.
Aren't they?
Part of doing business.
Right?
Hell no.
Not for the NR, anyway.
I fired their asses and enjoyed every second of it.
The first conversation went like this.
Customer
What the bleep? I ordered two cases and they arrived two days late.
Note, he had sent the order to the wrong person via the wrong medium despite repeated reminders.
You guys are the most disorganized bunch of idiots I've ever worked with. I have twenty years of experience in this industry, and this is the worst.
N E N R in this case.
Me.
I will kill you.
Be afraid.
Be very afraid,
I wish.
I did rehearse that a million times in my mental theater.
But it actually went something more like this.
I'm sorry to hear that.
You know
I've been taking your insults for a while now, and it's unfortunate that it seems we won't be able to do business anymore.
I'd recommend you take a good look at where this unhappiness and anger is actually coming from.
In any case, I wish you well.
If you would like to order product, we'll be happy to supply it.
But only if you can conduct yourself without profanity and unnecessary insults.
You have our fax number.
All the best.
And have a nice day.
Click.
I did this once via phone and once through email.
So what happened?
I lost one customer.
But the other corrected course and simply faxed orders.
Again and again and
And again.
Problem solved.
Minimum revenue lost.
I was immediately ten times happier.
I then identified the common characteristics of my top five customers and secured three or so similarly profile buyers the following week.
Remember, more customers is not automatically more income.
More customers is not the goal and often translates into ninety percent more housekeeping.
and a paltry one to three percent increase in income.
Make no mistake, maximum income from minimal necessary effort.
Including minimum number of customers is the primary goal.
I duplicated my strengths.
In this case my top producers
and focused on increasing the size and frequency of their orders.
The end result?
I went from chasing and appeasing the
One hundred twenty customers.
to simply receiving large orders from eight.
With absolutely no pleading, phone calls, or email harangue.
My monthly income increased from thirty thousand dollars to sixty thousand dollars in four weeks, and my weekly hours immediately dropped from over eighty to eight.
to approximately fifteen.
Most important
I was happy with myself and felt both optimistic and liberated.
For the first time in over two years.
In the ensuing weeks.
I applied the eighty twenty principle to dozens of areas, including the following.
One
Advertising.
I identified the advertising that was generating eighty percent or more of revenue.
Identified the commonalities among them and multiplied them.
Eliminating all the rest at the same time.
My advertising costs dropped over seventy percent.
And my direct sales income nearly doubled.
From a monthly fifteen thousand dollars to twenty five thousand dollars.
In eight weeks.
It would have doubled immediately had I been using radio, newspapers, or television instead of magazines with long lead times.
Two.
Online affiliates and partners.
I fired more than two hundred fifty low yield online affiliates who
Or put them in holding patterns to focus instead on the two affiliates.
who were generating ninety percent of the income.
My management time decreased from five to ten hours per week.
to one hour per month.
Online partner income increased more than fifty percent.
In that same month.
Slow down.
And remember this.
Most things make no difference.
Being busy is a form of laziness.
Lazy thinking and indiscriminate action.
Being overwhelmed is often as unproductive as doing nothing.
And is far more unpleasant.
Being selective.
Doing less.
is the path of the productive.
Focus on the important few and ignore the rest.
Of course, before you can separate the wheat from the chaff and eliminate activities in a new environment, the
Whether a new job or an entrepreneurial venture
You will need to try a lot to identify what pulls the most weight.
Throw it all up on the wall and see what sticks. That's part of the process.
But it should not take more than a month or two.
It's easy to get caught in a fight.
Flood of Minutia.
And the key to not feeling rushed is remembering that lack of time is actually lack of.
of priorities.
Take time to stop and smell the roses.
Or in this case.
to count the pea pods.
The nine to five illusion?
and Parkinson's law.
I saw a bank that said twenty four hour banking.
But I don't have that much time.
Steven Wright.
Comedian.
If you're an employee, spending time on nonsense is to some extent.
Not your fault.
There is often no incentive to use time well unless you are paid on commission, but
The world has agreed to shuffle papers between nine AM and five o'clock PM, and since trapped in the office for that period of servitude, you're
You are compelled to create activities to fill that time.
Time is wasted because there is so much time available.
It's understandable.
Now that you have the new goal of negotiating a remote work arrangement,
Instead of just collecting a paycheck, it's time to revisit the status quo and become
Effective.
The best employees
have the most leverage.
For the entrepreneur, the wasteful use of time is a matter of bad habit and imitation. I am no exception.
Most entrepreneurs were once employees and come from the nine to five culture.
Thus they adopt the same schedule.
whether or not they function at nine o'clock AM or need eight hours to generate their target income.
This schedule is a collective social agreement and a dinosaur legacy of the results by volume approach.
How is it possible that all the people in the world need exactly
Eight hours to accomplish their work.
It isn't.
Nine to five is arbitrary.

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I
You don't need eight hours per day to become a legitimate millionaire.
Let alone have the means to live like one.
Eight hours per week.

But I don't expect all of you to believe me just yet.
I know you probably feel as I did for a long time.
There just aren't enough hours in the day.
But
Let's consider a few things we can probably agree on.
Since we have eight hours to fill.
We fill eight hours.
If we had fifteen, we would fill fifteen.
If we have an emergency and need to suddenly leave work in two hours, but have pending deadlines, we miraculously complete those assignments in two hours.
It is all related to a law that was introduced to me by Ed Zhao in
In the spring of two thousand.
I had arrived to class nervous and unable to concentrate, and
The final paper, worth a full twenty five percent of the semester's grade, was due in twenty four hours.
One of the options, and that which I had chosen was to interview the top executives of a startup and
and provide an in depth analysis of their business model.
The corporate powers that B had decided last minute were
That I couldn't interview two key figures or use their information.
Due to confidentiality issues and pre IPO precautions.
Game over.
I approached Ed after class to deliver the bad news.
Ed, I think I'm going to need an extension on the paper.
I explained the situation, and
And Ed smiled before he replied without so much as a hint of concern.
I think you'll be okay.
Entrepreneurs are those who make things happen, right?
Twenty four hours later and one minute before the deadline,
As his assistant was locking the office,
I handed in a thirty page final paper.
It was based on a different company I had found.
Interviewed and dissected with an intense all nighter and enough caffeine to get an entire Olympic track team disqualified.
It ended up being one of the best papers I'd written in four years.
And I received an A.
Before I left the classroom the previous day.
Ed had given me some parting advice.
Parkinson's Law
Parkinson's law dictates
that a task will swell in perceived importance and complexity in relation to the time allotted for its completion.
It is the magic of the imminent deadline.
If I give you twenty four hours to complete a project,
The time pressure forces you to focus on execution, and you have no choice but to do only the bare essentials.
If I give you a week to complete the same task, it's six days of making a mountain out of a molehill.
If I give you two months, God forbid, it becomes a mental monster.
The end product of the shorter deadline is almost inevitably of equal, but
Or higher quality.
Due to greater focus.
This presents a very curious phenomenon.
There are two synergistic approaches for increasing productivity.
That are inversions.
Of each other.
One
Limit tasks to the important to shorten work time.
eighty twenty.
Two.
Shorten work time to limit tasks.
To the important.
Parkinson's Law
The best solution
is to use both together.
Identify the few critical tasks that contribute most to income and schedule them with very short and clear deadlines.
If you haven't identified the mission critical tasks and set aggressive start and end times for their completion,
The unimportant becomes the important.
Even if you know what's critical, without deadlines that create focus, the minor tasks forced upon you.
Or invented in the case of the entrepreneur.
will swell to consume time until another bit of minutia jumps it.
Leaving you at the end of the day with nothing accomplished.
How else could dropping off a package at UPS, setting a few appointments, and checking email consume an entire nine to five day?
Don't feel bad.
I spent months jumping from one interruption to the next.
Feeling run by my business instead of the other way around.
The eighty twenty principle.
And Parkinson's Law are the two cornerstone concepts that will be revisited in different forms
Throughout this entire section.
Most inputs are useless and time is wasted in proportion to the amount that is available.
Fat free performance and time freedom.
begins with limiting intake overload.
In the next chapter we'll put you on the real breakfast of champions.
the low information diet.
A dozen cupcakes and one question.
Love of bustle is not industry.
Seneca.
Mountain View California.
Saturdays are my days off.
I offered to the crowd of strangers staring at me.
Friends of a friend.
It was true.
Can you eat all bran and chicken seven days a week?
Me neither. Don't be so judgmental.
Between my tenth and twelfth cupcakes, I plopped down on the couch to revel in the sugar high,
Until the clock struck midnight and sent me back to my adultsville Sunday through Friday diet.
There was another party guest seated next to me on a chair nursing a glass of wine, and
Not his twelfth.
But certainly not his first.
And we struck up a conversation.
As usual, I had to struggle to answer what do you do?
And as usual, my answer left someone to wonder whether I was a pathological liar or a criminal.
How is it possible to spend so little time on income generation?
It's a good question.
It's
The
Question.
In almost all respects.
Charney had it all.
He was happily married with a two year old son and another due to arrive in three months.
He was a successful technology salesman and
And though he wanted to earn five hundred thousand dollars more per year, as all do,
His finances were solid.
He also asked good questions.
I had just returned from another trip overseas and
And was planning a new adventure to Japan.
He drilled me for two hours with a refrain, and
How is it possible to spend so little time on income generation?
If you're interested, we can make you a case study and I'll show you how.
I offered.
Charney was in.
The one thing he didn't have was time.
One email.
And five weeks of practice later,
Charney had good news.
He had accomplished more in the last week than he had in the previous four combined.
He did so while taking Monday and Friday off and spend at least two more hours per day with his family.
From forty hours per week he was down to eighteen and producing four times the results.
Was it from mountaintop retreats and secret kung fu training?
Nope.
Was it a new Japanese management secret or better software?
Nein.
I just asked him to do one simple thing consistently, without fail.
At least three times per day at scheduled times he had to ask himself the following question.
Am I being productive?
Or just active.
Charney captured the essence of this with less abstract wording.
Am I inventing things to do to avoid the important
He eliminated all of the activities he used as crutches and began to focus on demonstrating results instead of showing dedication.
Dedication is often just meaningless work in disguise.
Be ruthless and cut the fat.
It is possible to have your cupcake.
And eat it too.
Q and A.
Questions and actions.
We create stress for ourselves because you feel like you have to do it.
You have to.
I don't feel that anymore.
Oprah Winfrey
Actress and talk show host.
The Oprah Winfrey Show.
The key to having more time is doing less.
And there are two paths to getting there.
Both of which should be used together.
One.
Define a to do list and two.
Define a not to do list.
In general terms.
There are but two questions.
What twenty percent of sources are causing eighty percent of my problems and unhappiness.
What twenty percent of sources are resulting in eighty percent of my desired outcome is
And happiness.
Hypothetical cases
Help to get us started.
One.
If you had a heart attack.
And had to work two hours per day.
What would you do?
Not five hours.
Not four hours, not three, not
Two hours.
It's not where I want you to ultimately be, but it's a start.
Besides, I can hear your brain bubbling already. That's ridiculous. Impossible, I know.
I know.
If I told you that you could survive for months functioning quite well on four hours of sleep per night, would you believe me?
Probably not.
Notwithstanding millions of new mothers do it all the time.
This exercise is not optional.
The doctor has warned you, after triple bypass surgery, that if you don't cut down your work to two hours per day,
For the first three months post stop.
You will die.
How would you do it?
Two
If you had a second heart attack and had to work two hours per morning.
Weak.
What would you do?
Three.
If you had a gun to your head and had to stop doing
Four fifths of different time consuming activities are
What would you remove?
Simplicity requires ruthlessness.
If you had to stop four fifths of time consuming activities,
Email, phone calls, conversations, paperwork, meetings, advertising, customers, and
Suppliers, products, services, etc.
What would you eliminate to keep the negative effect on income to a minimum?
Used even once per month, and
This question alone.
Can keep you sane and on track.
Four.
What are the top three activities that I use to fill time to feel as though I've been productive?
These are usually used to postpone more important actions.
Often uncomfortable because there is a chance of failure or rejection.
Be honest with yourself.
As we all do this on occasion.
What are your crutch activities?
Five.
Who are the twenty percent of people who produce eighty percent of your enjoyment and propel you forward? And which twenty percent cause eighty percent of your depression, anger, and second guessing?
Identify.
Positive friends versus time consuming friends.
Who is helping versus hurting you? And how do you increase your time with the former while decreasing or eliminating your time with the latter?
Who is causing me stress disproportionate to the time I spend with them?
What will happen if I simply stop interacting with these people?
Fear setting helps here.
When do I feel starved for time?
What commitments, thoughts, and people can I eliminate

Exact numbers aren't needed to realize that we spend too much time with those who poison us with pessimism,
sloth and low expectations of themselves and the world.
It is often the case that you have to fire certain friends who
Or retire from particular social circles to have the life you want.
This isn't being mean.
It is being practical.
Poisonous people do not deserve your time.
To think otherwise?
is masochistic.
The best way to approach a potential break is simple.
Confide in them honestly, but tactfully, and explain your concerns.
If they bite back, your conclusions have been confirmed.
Drop them like any other bad habit.
If they promise to change,
First spend at least two weeks apart to develop other positive influences in your life and
and diminish psychological dependency.
The next trial period should have a set duration and consist of pass or fail criteria.
If this approach is too confrontational for you,
Just politely refuse to interact with them.
Be in the middle of something when the call comes, and have a prior commitment when the invitation to hang out comes.
Once you see the benefits of decreased
Two people, it will be easier to stop communication altogether.
I'm not going to lie.
It sucks.
It hurts like pulling out a splinter.
But you are the average of the five people you associate with most, so do not underestimate the effects.
of your pessimistic, unambitious
or disorganized friends.
If someone isn't making you stronger
They're making you weaker.
Remove the splinters.
And you'll thank yourself for it.
Six.
Learn to ask.
If this is the only thing I accomplish today, will I be satisfied with my day?
Don't ever arrive at the office or in front of your computer without a clear list of priorities.
You'll just read unassociated email and scramble your brain for the day.
Compile your to-do list for tomorrow no later than this evening.
I don't recommend using Outlook or Computerized To-do lists.
Because it is possible to add an infinite number of items.
I use a standard piece of paper folded in half three times, which fits perfectly in the pocket and limits you to noting only a few items.
There should never be more than two mission critical item to complete each day.
Never.
It just isn't necessary if they're actually high impact.
If you are stuck trying to decide between multiple items that all seem crucial,
As happens to all of us.
Look at each intern and ask yourself.
If this is the only thing I accomplish today.
Will I be satisfied with my day?
To counter the seemingly urgent
Ask yourself.
What will happen if I don't do this?
And is it worth putting off the important to do it?
If you haven't already accomplished at least one important task in the day,
Don't spend the last business hour returning a DVD to avoid a$5 late charge.
Get the important task done and pay the$5 fine.
Seven
Put a post it on your computer screen.
Or set an outlook reminder to alert you.
At least three times daily with the question.
Are you inventing things to do to avoid the important?
I also use free time tracking software.
Called rescue time.
Rescue Time.com

When I spend more than an allotted time on certain websites or programs often used to avoid the important.
Gmail, Facebook.
Outlook, etc.
It also summarizes your time use each week.
and compares your performance to peers.
Eight.
Do not multitask.
I'm going to tell you what you already know.
Trying to brush your teeth, talk on the phone, and answer email at the same time.
Just doesn't work.
Eating while doing online research and instant messaging?
Dit out.
If you prioritize properly.
There is no need.
To multitask.
It is a symptom of task creep.
Doing more to feel productive.
While actually accomplishing less.
As stated.
You should have at most
Two primary goals or tasks per day.
Do them separately from start to finish without distraction.
Divided attention.
will result in more frequent interruptions, lapses in concentration,
Poorer net results.
and less gratification.
Nine.
Use Parkinson's law on a macro and micro level.
Use Parkinson's law to accomplish more.
In less time.
Shorten schedules and deadlines to necessitate focused action instead of deliberation is
and procrastination.
On a weekly and daily macro level, attempt to take Monday and or Frida off.
as well as leave work at four PM.
This will focus you to prioritize more effectively and quite possibly develop a social life.
If you're under the hawk like watch of a boss.
We'll discuss the nuts and bolts of how to escape in later chapters.
On a micro task level.
Limit the number of items on your to-do list and use impossibly short deadlines to force immediate action.
While ignoring Minutia.
If doing work online or near an online computer,
e.g. Timer dot com
is a convenient timer.
Just type the desired time limit directly into the URL field and hit enter.
For example.
E.gg timer dot com forward slash
Five minutes.
E.g. Timer dot com
Forward slash.
One hour, thirty minutes, thirty seconds.
E.gg timer.com forward slash
Thirty.
If you just put in a number, it assumes seconds.
Comfort challenge
Learn.
Two days.
Stop asking for opinions and start proposing solutions.
Begin with the small things.
If someone is going to ask or asked
Where should we eat?
What movies should we watch?
What should we do tonight or anything similar? Do not reflect it back with
Well, what do you want to
Offer a solution.
Stop the back and forth and make a decision.
Practice this in both personal and professional environments.
Here are a few lines that help.
My favourites are the first and last.
Can I make a suggestion?
I propose
I'd like to propose
I suggest that
What do you think?
Let's try
And then try something else if that doesn't work.
Lifestyle design in action.
I'm a musician who got your book because Derek Sivers at CD Baby recommended it.
Checking Peretto's Law, I realized that seventy eight percent of my downloads came from just one of my CDs and
and that fifty five percent of my total download income
Came from only five songs.
It showed me what my fans are looking for and allowed me to showcase those on my website.
Downloads are the way to go.
iTunes sells the song and CD Baby Direct deposits it to my account.
fully automated once the recording is done.
There are some months I can live off download income.
Once I finish paying off debt, it should be no problem to travel as an artist.
And create new fans all over the world.
And have a cyber income stream.
Victor Johnson
As for
Outsourcing your banking.
Any company that needs to take checks should consider a lockbox solution.
Just about any bank that does business banking offers it.
All checks go to a P.O. box at the bank.
The bank processes the checks and deposits them.
and according to your instructions can send you a file of all the checks that are deposited.
Normally this can be done in either a flat or

That can interface with any accounting systems from Excel
to quicken to SAP.
Quite cost effective.
Anonymous.
Hey guys, this is Tim again, just one more thing before you take off, and that is Five Bullet Friday. Would you enjoy getting a short email from me every Friday that provides a little fun before the weekend?
Between one and a half and two million people subscribe to my free newsletter, my super short newsletter called Five Bold Friday. Easy to sign up, easy to cancel. It is basically a half page that I send out.
every Friday to share the coolest things I've found or discovered or have started exploring over that week. It's kinda like my diary of cool things. It often includes articles I'm reading, books I'm reading.
albums perhaps, gadgets, gizmas, all sorts of tech tricks and so on that get sent to me by my friends, including a lot of podcast guests, and these strange esoteric things end up in my field and then
I test them and then I share them with you. So if that sounds fun, again, it's very short, a little tiny bite of goodness before you head off for the weekend, something to think about. If you'd like to try it out, just go to Tim.blog slash Friday. Type that into your browser, Tim.blog slash.
Friday, drop in your email and you'll get the very next one.
Thanks for listening.
As many of you know, for the last few years I've been sleeping on a midnight luxe mattress from today's sponsor, Helix Sleep. I also have one in the guest bedroom downstairs, and feedback from friends has always been fantastic. Kind of over the top, to be honest. I mean they frequently say
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One of the first times I really explored quantum computing on the podcast was with legendary investor Steve Jurvis and this was way back in 2018.
Quantum computers can process exponentially more data than classical computers and could one day crack encryption algorithms that are currently secure. So there is an arms race afoot, and it is good to get ahead of it if you can. That's why ExpressVPN, this episode's sponsor, Thinking Ahead, has upgraded their encryption to use ML Chem.
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