This YouTube video (Brian Tracy) argues that time is the scarcest resource and improving time management raises quality of life. Key recommendations: treat time like money by assigning an hourly rate to tasks; "trade money for time" by hiring others for low-value tasks; track time use with a wristwatch alarm and time log; say no to requests that don't advance your goals; practice self-discipline so time management becomes automatic. The talk includes numeric guidance (e.g., $100,000/year ≈ $50/hour; hire help if they will do the work for less than $50/hour) and practical routines for monitoring and eliminating time wasters.
Questions this video answers
$100,000 per year → about $50 per hour.
"$11 or $12 an hour" for tasks like mowing the lawn or cleaning the house.
Set an alarm that beeps every 15 minutes.
Chapters
Earn more money and more time. Eliminate the time wasters. You grow as a person according to the demands you place on yourself. The discipline of time management builds character, confidence and unshakable belief in yourself. Brian Tracy to be fully rounded as a person, you need to know the importance of time management. You and your quality of life require a worldview that recognizes time as the one invaluable, indispensable, irreplaceable ingredient of a successful, happy and highly productive life. You need an attitude towards time as something more than a clock or the calendar. Time is your scarcest resource. You must use your intelligence to preserve it in every way possible and to acquire more time whenever you can. By eliminating all time wasters, improving your time management skills will inevitably improve your quality of life. Whenever possible, you should trade money for time. The money is replaceable, but the time is not. Whenever you can, you should hire people to do tasks of lower value so that you can create more time for yourself, your family and your work. If you aspire to earn $100,000 per year, which translates into about $50 an hour, you must never do work that does not pay $50 per hour or more. You should hire other people to do anything that they will do for less than $50 an hour. If you can hire someone for $11 or $12 an hour to mow your lawn or clean your house, you should pay the money willingly to free up that time for higher value activities. Know the importance of time management and apply these same time management skills to your spouse. Many of the successful executives and entrepreneurs with a strong grasp of this concept are able to go home and change their spouse's lifestyle. They encourage them to hire housekeepers, gardeners, and personal assistants to do errands and go shopping. They freedom so that they can enjoy a higher quality of life and spend more time with the family and in personal pursuits. The payoff for both parties is often extraordinary. Keep track of how efficiently you use your time. The more you think about how you're spending your minutes and hours, the better and more precise you will become at time management. Because they do not monitor their time usage, most people are not even aware of the amount of time they waste each hour. Get a wristwatch with an alarm that beeps every 15 minutes. Each time the alarm sounds, stop and observe yourself. Look at what you're doing at that moment. If possible, keep a time log and make a note of what you're doing each time the alarm rings. Ask yourself regularly, is what I'm doing right now the best use of My time all of life is the study of attention. The more attention you pay to the way you're using your time and to your biggest time wasters, the more efficient and productive you are likely to be. The more aware you are of the fleeting nature of time, the better you will use it while increasing your quality of life. When you take a short view, you look upon every request for your time as taking away from the amount of time that you have left on earth. Continually ask yourself, how much of my life am I willing to donate or spend on this particular person, situation, or activity? Your time is at least equal to your hourly rate. If your hourly rate is $50 an hour and someone wants an hour of your time, that person is in asking you for a gift of $50. If someone asks you to donate your time to a particular cause or activity, you have to ask yourself, how important is that cause or activity to me and how much of my time and money am I willing to donate to it? If a person or activity is not important enough for you to open your wallet and peel off $20 bills to give to it, you must discipline yourself not to do it. Just say no. Be selfish with your time in order to improve your quality of life. Remember, your time is, and this life is not a rehearsal for something else. Say no to requests for your time that don't move you towards your own goals and personal aspirations. When you say no, people will often express a little disappointment or even try to make you feel guilty. Nonetheless, you should stick to your guns. Their shallow disapproval will only last a few seconds and then they will be off to someone else to ask to donate their time and money and you will be free and your quality of life will dramatically improve. In developing a philosophy of time management, treat your time like money. Allocate your time at an hourly rate. Use this hourly rate as a measuring tool for everything you do. Concentrate your efforts on high value tasks. On tasks that can pay you what you want to earn. If you want to earn $50 per hour, continually ask, is what I'm doing right now the sort of work that pays $50 an hour or more? If it Discipline yourself to stop doing it. Discipline yourself to only do work that pays what you really want to earn. In developing your philosophy of time management, continually remind yourself that you cannot manage time. You can only manage yourself. Time management is life management. Time management requires self control, self mastery, and self discipline. Time management behaviors and disciplines are skills that you can learn through practice and repetition. Eventually, your ability to manage yourself and your life will become automatic. And easy and you will improve your overall quality of life. Time management is a lifestyle that must be practiced every hour, every day, all days of your life. It is the one habit, the one discipline that is essential to everything else you want to achieve. Now, we'd love to hear from you. So our question today is what time wasters can you eliminate from your life? Leave a comment below and we'll be sure to follow up with you. Thanks for watching. And as Brian says, if you want to change your future, take action. And take action now.
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