STOP WASTING YOUR TIME | The Most Powerful Life Advice Of Successful People 2023
Summary
TLDRThe video script emphasizes the importance of balance and moderation for a fulfilling life, urging viewers to prioritize relationships and self-care. It introduces the 'Law of Three' for effective time management, identifying the top three activities that contribute most to one's success. The speaker advocates for focusing on these key tasks, improving them, and using the 'Eat the Frog' technique to tackle the most important task first. The script also highlights the significance of self-discipline, determination, and the quality of results in achieving life's rewards.
Takeaways
- 😌 Moderation is key to a happy life; balance is crucial, especially when feeling overwhelmed or time-starved.
- ⏰ Reflect on priorities by asking what you would do if you had only six months to live, to ensure you're focusing on what truly matters.
- 💡 The 'Law of Three' suggests that in any given list of tasks, only three are responsible for 90% of your value or happiness.
- 🔍 Identify your three most important tasks that contribute the most to your life goals and concentrate on them.
- 🚀 To increase productivity, focus on doing fewer things but doing the most important ones more often and improving in those areas.
- 💼 The quality of life is determined by the quality of time management; everything that improves time management enhances life.
- 🌱 Cultivate a burning desire, make a decisive commitment, exercise discipline, and have determination to master time management.
- 🎯 Focus and clarity are essential for getting things done; know your key result areas and concentrate on them.
- 🧘♂️ Concentration is vital for success; it's the ability to stay single-mindedly on one task until completion.
- 📈 Task completion is the key to success; it's not about starting tasks but finishing them, which boosts self-esteem and confidence.
- 💰 The 'Law of Sowing and Reaping' indicates that rewards are directly proportional to the quality and quantity of results produced.
Q & A
What is the main principle the Greek philosopher suggested for a happy life?
-The main principle suggested by the Greek philosopher is moderation in all things, which is the key to a happy life.
When feeling out of balance or overwhelmed by lack of time, what question should one ask themselves according to the transcript?
-One should ask themselves, 'What would I do if I only had 6 months to live?' to reevaluate their priorities and focus on what truly matters.
What is the 'Law of Three' in time management as mentioned in the transcript?
-The 'Law of Three' states that out of all the tasks one has to do, there are typically only three activities that account for 90% of the value they contribute in their life.
What are the four D's required to make time management techniques work effectively?
-The four D's are Desire, Decision, Discipline, and Determination.
What does the transcript suggest is the most important quality for success today?
-The most important quality for success today, as suggested in the transcript, is the ability to focus.
How does the transcript define character in relation to time management and personal productivity?
-The transcript defines character as the ability to follow through on a resolution after the initial enthusiasm has passed, essentially being self-discipline in action.
What is the significance of completing tasks in terms of personal well-being and success?
-Completing tasks is significant as it leads to increased self-esteem, personal power, and a sense of accomplishment, which in turn boosts confidence and creativity.
What is the 'Eat the Frog' technique mentioned in the transcript and how does it apply to time management?
-The 'Eat the Frog' technique involves starting your day by working on the most important task first, which can significantly improve productivity and time management.
What does the transcript suggest about the average person's work capacity and how can one take advantage of this?
-The transcript suggests that the average person works at only 50% of capacity, providing a tremendous opportunity for those who implement effective time management strategies to move ahead of others.
How does the transcript relate the quality of one's life to the quality of their time management?
-The transcript states that the quality of one's life is determined by the quality of their time management, emphasizing that how one uses their time directly impacts every aspect of their life.
What is the importance of starting with a clean workspace according to the transcript?
-Starting with a clean workspace is important as it sets the tone for a neat, professional, and productive working environment, which not only affects one's efficiency but also the perception of others.
Outlines
🧘 Moderation and Life Balance
The paragraph emphasizes the ancient Greek philosophy of moderation as essential for a happy life. It suggests that when feeling overwhelmed or out of balance, one should reflect on their priorities by asking what they would do if they only had six months to live. This introspective question is meant to encourage spending more time with loved ones and on important relationships. The speaker also proposes imagining financial independence with limited time, to clarify what one would truly value and pursue. The 'Law of Three' is introduced as a time management tool, asserting that typically only three activities contribute most significantly to one's life value and happiness, and focusing on these activities is key to productivity and success.
🚀 The Four D's of Time Management Mastery
This paragraph delves into the 'Four D's of Time Management': Desire, Decision, Discipline, and Determination. The speaker stresses the importance of having a strong desire to be effective in time management, making a firm decision to master the skill, and maintaining discipline through consistent practice. Determination is highlighted as the drive to persist until one excels in the field of time management. The quality of life is tied to the quality of time management, implying that enhancing time management skills can enrich every aspect of life. The paragraph concludes with the 'Law of Sowing and Reaping,' which posits that results and rewards are directly proportional to the effort and effectiveness invested.
🎯 The Power of Focus and Concentration
The speaker discusses the significance of focus and concentration in achieving success. They recount a story of Bill Gates and Warren Buffett identifying focus as the key to success. The speaker's philosophy is to heed advice from successful individuals and apply it to one's life. By concentrating on specific goals and activities, one can achieve more. The paragraph also touches on the importance of task completion for increasing self-esteem and personal power. Completing high-priority tasks is contrasted with the stress that results from focusing on low-priority tasks, emphasizing the need for self-discipline to ensure that important tasks are completed and lead to greater opportunities.
📈 Prioritization and the Law of Three for Income Doubling
The final paragraph introduces a method for increasing income by prioritizing tasks based on the 'Law of Three.' It suggests calculating one's hourly rate and then focusing on tasks that align with or exceed this rate, delegating lower-value tasks. The speaker encourages identifying the three most valuable tasks that contribute significantly to one's career and concentrating on these to the exclusion of less important activities. The habit of starting and completing the most important tasks on time is portrayed as a path to success, happiness, and high self-esteem. The development of character through self-discipline and following through on resolutions, even after initial enthusiasm wanes, is presented as a critical component of personal and professional growth.
Mindmap
Keywords
💡Moderation
💡Productivity
💡Time Management
💡Law of Three
💡Focus
💡Concentration
💡Task Completion
💡Self-Discipline
💡Character
💡Eat the Frog
💡Results Orientation
Highlights
The Greek philosophy emphasizes that moderation in all things is key to a happy life.
When feeling out of balance, consider what you would prioritize if you had only six months to live.
The importance of spending time with loved ones and focusing on relationships is highlighted.
The 'Law of Three' is introduced as a time management technique to identify the three most valuable activities.
The 'Law of Three' asserts that three activities account for 90% of the value you contribute in life.
The concept of focusing on the most important tasks to increase productivity and efficiency is discussed.
The 'Four D's' of time management are presented: Desire, Decision, Discipline, and Determination.
The quality of life is determined by the quality of time management.
The 'Law of Sowing and Reaping' is explained, emphasizing the importance of results for rewards.
The average person operates at only 50% capacity, indicating a significant opportunity for improvement.
The importance of a neat working environment for productivity and perception is highlighted.
The principle of focus leading to clarity and effective results is discussed.
Concentration on a single task until completion is identified as a key to success.
The anecdote of Bill Gates and Warren Buffett emphasizing the importance of focus for success.
The principle of making a list and selecting the most important task to start the day is introduced.
Task completion is identified as the key to success and increased self-esteem.
The importance of self-discipline in task completion and overall success is discussed.
The 'Law of Three' is reiterated as a transformative principle for doubling income and improving life quality.
Character is defined as the ability to follow through on resolutions, highlighting self-discipline.
Transcripts
the Greek said that moderation in all
things is the key to a happy life
moderation now sometimes people say well
I don't have time for my family I don't
have time to exercise I don't have time
for this and time for that whenever you
find yourself getting out of sync with
regard to balance and especially when
you feel that you don't have the time is
when you most need to stop and think so
here's the question to ask what would I
do if I only had 6 months to live if you
find yourself working too hard or not
spending time in your relationship not
spending time with the people you care
about and who care about you ask
yourself what would I do if I only had 6
months to live and if what you would do
is spend more time with the important
people in your life the time to start
spending that time is now so what would
you do if you had six months to live you
know it's an old joke the doctors say
they've never met a businessman on his
deathbed who said boy I wish I'd spent
more time at the office the fact of the
matter is at balance and moderation and
all things increase your productivity
increase your efficiency and remember
the only reason you're working is so
that you can enjoy the great things of
Life which are your people your
relationships the things that make you
happy and so on imagine that you are
financially independent that you have
past 20 million in the bank and
simultaneously you only have 10 years to
live you're going to enjoy superb Health
but you have all the money that you need
and you have to work at something you
cannot be a layabout so therefore if you
could work at anything and you had all
the money you needed and you didn't want
to waste any time what career would you
choose if you could wave a magic wand
and have all the talent and skill that
you need to be successful in any
field what field would you choose for
yourself and then what you do is you
just start to do some research on that
field working it part-time working it
for free reading books and courses
talking to people who are in it I have
spoken to literally thousands of people
over the years who did that and
eventually changed out of their current
job sometimes within their same company
sometimes out of their current job where
they weren't very satisfied into a new
job that they loved and they became a
star at that new job and you can do the
same everybody can do this I'm going to
give you a law that is my favorite law
of time management and it's called The
Law of three this law alone will enable
you to be one of the most productive and
successful people in your world the law
of three is based on my 30 years of
study into time management and what it
basically says is that if you make a
list of everything that you have to do
in a week or a month you'll come up with
20 or 30 some people write down 40 or 50
tasks or activities but if you look at
this list you'll find there are only
three activities that you engage in in
your life that account for 90% of the
value that you contribute in your life
wherever you are in life there's only
night three things that account for for
90% of your happiness only three
things this law of three works
everywhere and it works for everyone it
works if you're a doctor an investment
banker A salesperson a business owner or
a student whatever there is always three
so what you do is you make a list of
everything you do and then you ask three
questions question number one is if I
could only do one thing on this list all
day long which one activity would have
the greatest positive impact on my life
or you could say I could only do one
activity all day long which one activity
would help me to double my income faster
than anything else and that answer is
usually pretty
obvious so you put a circle around there
and then you ask it again if I could
only do two things all day long what
would be the second most valuable thing
that I could do you uh you go through
your list and you'll come up with number
two and then you ask the question the
third time if I would only do three
things all day long what would be number
three and you Circle it now I put every
one of my students through this exercise
and they're all astonished because in a
few minutes they see clearly that these
are the three most important things that
they do in achieving their goals of
health wealth and happiness and so the
rule is this do fewer things in your
daily life but do more important things
and do them more of the time and then
get better improve in each one of those
areas in your life
there's three things that you do that
are more important than everything else
and these will change over time but you
must be clear about those three
things and if you start working on only
those three things you will double your
productivity performance and output very
quickly if you can concentrate on the
three most important things you do well
there's four requirements for you to
make these techniques work for you we
call these the four D's the first D is
desire it's when you must have a burning
desire to be effective
at time
management the second D is decision you
must make a decision that you are going
to become an expert in this subject you
are going to take this
course you're going to use these
materials you're going to practice them
over and over again because what we have
found is in the absence of a decision
nothing ever happens you need a clear
unequivocal Do or Die burn the bridges
decision that this is a subject that you
are going to master the third D is
discipline you must discipline yourself
to practice and repeat over and over
again good time management techniques in
fact we say that time management is
self-discipline in action and the
ability to discipline yourself more than
anything else is going to determine your
success in life and the fourth DED to
become excellent in time management is
determination you must have the ability
to persist you must have the
determination to keep on keeping at it
on and at it long enough until you
become very very good in this field but
I promise you this the payoff is
tremendous because you see time
management is really life
management everything that you do to
improve the quality of your time
management will improve and enhance
every part of your life you can even say
it this way the quality of your life is
determined by the quality of your time
management the quality of your life will
be determined by the way you use your
time minute to minute hour to hour day
to day because your time is your life in
every single study of high- Performing
men and women we find that intense
result orientation goes hand inand with
big payoffs in life you see it's not how
much time you put in or the activities
that you engage in or how sincere or how
intelligent or competent or capable or
anything else it's only what you produce
the results that you get from the time
that you put in that counts in
determining your rewards not only your
psychic rewards how good you feel about
yourself but your financial
rewards you're always paid in direct
proportion to the quality and the
quantity of the results that you produce
we call this the law of sewing and
reaping the law of cause and effect the
cause of everything that happens to you
is your ability to get results and the
easier reward
if you want to increase the quality and
quantity of your rewards you have to
think all the time about increasing the
quality and quantity of your results now
the second point is this most people are
very
unproductive most people cannot do a
full day's work if their life depended
upon it in fact every study that I've
ever seen suggests that the average
person works at only 50% of capacity in
fact in most work environments about 30%
all the work time is spent in
socializing gossiping wasting time
talking chit chatting hanging around the
water fountain reading the newspaper
drinking coffee and so on what does it
mean to you it means that the average
person is working at 50% or less of
capacity there are tremendous
opportunities for you if you'll do some
of the things that we talk about to
rapidly move ahead of other people the
starting point of getting things done is
the quality of neatness the quality of
neatness means that you start with a
clean desk and you end with a clean desk
you start with a clean briefcase and you
end with a clean briefcase you take the
time to make sure that your entire
working environment looks neat
professional productive and effective
remember this it's not just what you do
but it's the perception of other people
of what you do that counts I read a
story by a self-made millionaire who
said that he built five successful
companies and one of their critical
rules was that every single person kept
a clean desk now the fourth key in
getting things done is the importance of
focus focus which leads to Clarity and
we talk about this over and over again
Focus means that you're absolutely clear
about what you're trying to accomplish
Focus means that you're absolutely clear
about your key result areas and why
you're on the
payroll we say that fuzzy Focus leads to
fuzzy results clear Focus leads to clear
results and this means that you take the
time to think you take the time to think
through why am I on the
payroll what have I been hired to
accomplish what are my key result areas
what are my core functions what are the
20% of the things that I do that account
for 80% of my results and so on so the
starting point in getting things done is
focus focus and Clarity I call this the
it's like adjusting the camera all the
time so you keep your focus very very
clear well the next key principle is
concentration concentration is what you
do is once you've decided on the most
important idea to achieve your most
important goal then you have to
concentrate single-mindedly on one thing
until it's complete if Bill Gates and
Warren Buffett the richest man in the
world and the third richest man were at
a dinner party at Bill Gates Homeland
last year and there were about a hundred
guests standing around at the reception
drinking wine and so on these three men
Bill Gates Warren Buffett and Bill Gates
father are good friends and they were
standing and
talking one of the other guests came up
and said excuse me gentlemen you were
three of the most important people in
the world what would you say is the most
important key to success today and they
stopped talking and they all turned and
they said focus focus is the most
important quality for success today
we're so surrounded by so many
distractions of so many kinds that the
ability to focus is more important for
Success than any other quality now I
developed a philosophy when I was young
and broke and the philosophy was that if
Rich successful people tell you to do
something you should do it if they tell
you that this is a key to their success
then you should at least practice it for
a while to see if it applies to you what
I have learned and what I learned
coaching my clients my business business
owners is I taught them how to focus I
taught them how to select specific goals
and activities in each area of their
life and how to focus like a laser beam
on one goal at a time if you can do that
you can conquer the world now
concentration is in reality where all
the work and time management leads us to
it is the ability to concentrate 100% on
one thing setting priorities the most
important thing and and to stay with
that single task until it's finished
concentration means moving forward in a
straight line toward the goals and
objectives that you've clearly
identified it means concentrating
without diversion or distraction focus
and concentration I believe in 25 years
of research are the reasons for success
and happiness in life the reasons for a
lack of success and unhappiness are a
lack of focus a lack of concentration I
have found the most important time
management or personal productivity
principle of all and it is the
make a list of everything you do in the
morning before you start work and then
select the one item on that list that's
more important than any others in terms
of potential consequences and then start
on that one task and work on it 100% of
the time until it's complete now if you
can do that you can double and triple
your productivity become one of the
highest paid and most respected people
in your world select your most important
task start on it immediately work on it
100% to the time until it's complete
because here's what I discovered in 30
years of studying and writing books on
time management task completion is the
key to success it is not tasks that you
work on but it's only the tasks that you
complete if you're a student it's
completing your assignments and your
reports if you're a salesperson it's
completing the sales if you're a
business person it's completing
different transactions everything in
life is completing tasks now here's a
wonderful payoff when you complete an
important task it gives you an increased
sense of selfesteem and personal power
your selfconfidence goes up you get more
energy and more ideas you feel happy
about yourself whenever you complete a
task your brain gives you a rush of
endorphins and endorphins make you happy
more alert and more
creative they strengthen your immune
system so that you're never sick so
you'll find that what success successful
people do is they're always starting and
completing tasks and especially they
start and complete them on time now what
does this require it requires our old
friend and enemy self-discipline now
what we know about task completion is
that not only is it the key to the
Future not only is it the key to getting
more and greater and better
opportunities but important task
completion doing something that's
important to you and carrying it through
and finishing it 100% at the end is uh
source of energy enthusiasm and high
self-esteem men and women who are
working consistently on getting
important things done and staying with
it to the complete are more positive
they're more
optimistic they're more
self-confident they're full of
confidence they have more belief and
self assurance in themselves and they
get more opportunities to complete more
tasks and here's the flip side
completing low priority tasks leads to
stress if you work and you get a lot of
little things done but they're not
moving you toward the accomplishment of
things that are really important to you
what happens is you just feel crummy as
a result we find that the average Brit
average German average French person
Works about $600 a year an average
executive or business owner Works about
$2,000 hours a year so what you do is
you take your annual income and you
divide it by 2,000 so let's say you're
earning $100,000 a year divided by 2,000
that means that you're earning $50 an
hour this is your hourly rate over time
you can include all your benefits and
pensions and so on but whatever this is
let's say your hourly income is $50 an
hour that means by Ricardo's law the law
of comparative advantage as formulated
by David Ricardo you don't do anything
that pays less than $50 an hour you only
do things that pay you $50 an hour or
more or that people would pay you 50 I'm
sorry 50 Quid an hour or more to do and
everything else you delegate if there's
something that someone else can do for
$10 an hour you hire somebody to do that
$20 an hour $30 an hour you keep hiring
people who can do tasks at a lower
hourly rate than yourself now here's the
Great Discovery and this can be
life-changing I call it the law of three
the law of three says that no matter how
many things you do how many tasks you do
in a week or a month and it's usually 20
or 30 three of those tasks account for
90% % of your value only three you make
a list of all of your tasks and I do
this with my business owners and I have
them go through this and they're
astonished they double their income
within 30 days because I asked them the
three magic questions magic question
number one if you could only do one
thing on this list one task on this list
all day long which one task would have
the greatest positive impact on your
career which one task well it'll usually
pop it'll jump out at you so you put a
circle around it then you say if you
could only do two things all day long
which would be number two and you put a
circle around that if you could only do
three things all day long which would be
number three put a circle around that
and suddenly it's almost like all these
other tasks fade again like in a camera
shot in a movie you fade and those three
tasks are sitting there like those three
magic tabs and you realize oh my God
those are the big three everything else
is secondary everything else can be done
by someone else or done later or not
done at all and then you focus on the
three so here's the rule for doubling
your income and doubling it again and
I'll repeat it again do fewer things but
do more important things and do them
more often and get better at them repeat
do fewer things the big three do more
important things do more of them spend
more of your day working on those three
tasks and then get better at those tasks
so you can get more done faster at a
higher level of quality if you will
practice the law of three you'll
transform your life if you combine that
with the eat the Frog and work on your
most important task the one that can
contribute the most value and you can do
that until it becomes a habit just
automatic you get up in the morning and
you just start working on your most
important task and you say no I don't do
that I don't do little tasks
those are not my job people say what
about this what about that I said excuse
me I'm management my labor I do
management tasks I do my big three labor
does all this other thing so you person
who's watching this right now is your
management on
labor think of yourself as management
and do your three
tasks if you can do that until it
becomes a habit you're going to conquer
the world all all of us over the course
of Our Lives want to develop character
and character has been defined several
ways one definition I like is that
character is the ability to follow
through on a resolution after the
enthusiasm with which the resolution was
made has passed so taking this course by
the way you'll make a lot of decisions
and commitments and
resolutions the true measure of
character is whether or not you have the
capacity to follow through character in
effect is self-discipline in action
character is self-discipline in action
you can tell how much character you have
by how willing you are to discipline
yourself to make the sacrifices that are
necessary in the short term to have a
great life in the long
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