Loading summary
Transcript19 lines
- [00:02]
A
What's going on, everyone? Welcome back to the game. Today I want to talk about a topic that I feel like I've talked about in pieces all over the place but haven't really put in one, which is fundamentally how to get a higher return on your time by simply outsourcing humaning, right? Like right now you can probably buy somewhere they were between 10 and 20 years of your life back. And you can either think of that as saving time or just moving yourself forward that much faster. And so I would always want everyone who's my competition to think, how does he get so much done? And a big part of it is just having more time to do things. And if you have some money money and you have less time than you'd like, I'm going to show you how to outsource time in order of cost relative to what you get back. And I'll show you seven investments that work super well in the order and doing it. And to be clear, $20,000 is what this will add up to per year in terms of total time back. But you can start for as little as 15 bucks an hour. As in as long as you make more than 15 bucks an hour, these time investments make sense for you. What if I told you there was a way to get 10 years of your life back? My name is Alex Shamozi. I run acquisition.com a portfolio of companies that did last year, $250 million in aggregate revenue. And whenever I invest in a company, the first thing I want to do is deconstrain the entrepreneur, meaning I want to get them more time back. And so right now I have seven levels of optimization for time that I allow the entrepreneur to basically invest in. And I will break down in order what you can do, ending with the total cost of $20,000 a year. But slow down, you can start for just a couple hundred bucks at level one and then progress on your way and buy more of your time back. The first thing is getting your meals taken care of. And so whether you use Uber Eats or use pre made meals, it's about 16 bucks an hour in terms of cost to get this done for you. And so as long as you make more than 16 an hour, you still arbitrage on your time. And many people who are especially trying to reinvest in their time, even if you didn't, as long as you use that extra time to increase your skill set, it's absolutely worth it. And so the bucket of all the things that this takes up and gives you back in your calendars all the time you spend grocery shopping, all the time you spend planning your food, cooking, cleaning, doing dishes, prepping food, all of that stuff disappears and goes out the window. So these are all the things just outsourcing your meal prepping to gets you back. So number one is groceries. So all the time you spend driving to the store, coming back from the store, unloading the groceries into your pantry, all of that time, the next is meal planning. Because, believe it or not, you think, well, what am I going to have for dinner tonight? And that takes mental bandwidth. On top of that, you have, okay, well, if I know what I'm going to have, I still have to cook it, right? And then after you do the cooking, what do you do? You got to do the cleaning, right? And then on top of that, you then have to still prep all the food. As in, like I have to store it and I have to put it away in the fridge and I have to portion it out. If you're going to do something like that, and whether you do it at the time you cook it or when you eat it, you're still portioning it for yourself. And it still takes time and it still takes bandwidth. And the average American spends 13.5 hours per week. Huge per week, right? That's two full work days. Think about that, right? Thirteen and a half hours a week just doing this stuff that's not really value additive. And so right now you can get two meals a day, which is what I recommend. Have a shake in the morning, do a lunch and a dinner. Makes it very easy, times 30 days per month. And that's about $750 per month. Not now, that sounds like a big ticket, but remember, you're not buying groceries anymore. You're not buying anything else because all of that food is getting delivered and just don't eat anything besides that. It also, as a side note, is a great way to get in shape if you lose, if you're a little bit overweight. Now, I will give you an alternative if you're somebody who likes to have a little bit more variety. And so there's a lot of, you know, I would say self finance, whatever, you know, type people, they'll say never eat out and all that kind of stuff. I, I would say just my, my life exists as an exact opposite. I eat out all the time and I just see this is as more flexible meal prepping that another business does more efficiently than me. And so for a period of multiple years, I eat Chipotle twice a day. And it came out, it was like 500 plus transactions at Chipotle that my accountant told me. And he was like, I can't believe you're spending so much money. I was like, but think about time. I'm saving. And also I was like, look at my grocery bills. They're non existent. Because I only thing I was buying was Red Bull and Coke Zero. Right? And so it was super efficient for me. And I had that and I had my protein shakes for my, for my snacks in between made it very, very simple for me to live my life, especially as a single guy. So if you want to uber eats or you want to order and have somebody deliver to you, I think it's totally fine. It does cost a little bit more, but net, net, it's up to you. So boom, 13 and a half hours saved. Whoa. But we're not done yet. So this is laundry. And guess what? The average American spends. You think it's one hour, two hours, four hours a week, That's a half a workday. Four hours per week doing clothe, cleaning, related activities. So that means 30 minutes a week sorting your actual stuff and folding it, putting it away is like an hour plus per week. Washing and drying cycles typically have to be close to it. That's two hours a week. And so in total it's four hours per week, which is 16 hours per month. All right, so again, boom, we just found two work days right there per month. And so the question is, okay, well if you can get two full work days back, you should totally do that. Well, how much does it cost? Right? Well, you can do drop off service. Drop off service is usually one and a half to two bucks a pound. Right. At least in the U.S. today.
- [05:28]
B
All right.
- [05:29]
A
And so most people average 30 to 40 pounds a month. Unless you're crazy and you're a big fashion icon. I don't know. I mean I'm obviously a fashion icon, so know all about this. But the monthly cost is somewhere in the neighborhood of 60 to $80. Now you might be wondering like, why didn't I start with this one rather than the groceries? The thing, the reason I like the groceries one is I think it's for many people, they want to get in shape better and that can this can check multiple boxes. Like you can have better energy, you can clear up your skin if you eat too much oily, you can lose weight and save time. It just like it checks so many boxes up front. It's one of the first things I recommend. This one is small and obvious. Like I have never, I've not met many founders who are like, you know what I really look forward to? Laundry. Right? Like, just. I've never heard it. Some people love cooking. Different thing. But as far as your, your, your, your daily drivers in terms of activities, not worth it. So there's a picture of Layla and I actually sitting outside of laundromats working on our laptops. And we, we did this because we were. We were actually moving around the country so often that it was very difficult for us to find, like, a specific launderer, I guess you could call it, I don't know, launderer of money. Anyways, we couldn't find one. And so we just ended up because it was actually faster for us because instead of having to have one machine and, like, do multiple loads, we could just dump, you know, seven machines at once and then, boom, we'd get everything. It was actually just faster. So as a side note, I actually think that laundromats do make sense, especially if you waste a whole day going from laundry to cleaning to dry all day long while you're watching the football game or whatever. It is way better to just go there, get it all done, and then be out. And I'll give you the world's smallest tip. If you do choose to wear the same thing every day, it makes it so easy to get up and go every morning. Like, because I have one shelf that just has wife beaters, and then I have a shelf below it that has black shorts, and I grab one from here and one from here and I can do it in the dark. So I zero thinking and I'm out the door in like five seconds. All right, so so far, we save 13 and a half hours a week with groceries, and we save four hours a week with laundry. So what's next? Real quick, guys, I have a special, special gift for you. For being loyal listeners of the podcast. Layla and I spent probably an entire quarter putting together our scaling roadmap. It's breaking, scaling into 10 stages and across all eight functions of the business. So you've got marketing, you've got sales, you've got product, you got customer success, you've got it. You've got recruiting, hr, you've got finance. And we show the problems that emerge at every level of scale and how to graduate to the next level. It's all free and you can get it personalized to you. So it's about 30ish pages for each of the stages. Once you answer the questions, it will tell you exactly where you're at and what you need to do to grow. It's about 14 hours of stuff, but it's narrowed down so that you only have to watch the part that's relevant to you, which will probably be about 90 minutes. And so if that's at all interesting, you can go to acquisition.com roadmap RO A D map roadmap. Jesus. Next up is house cleaning. And so house cleaning right now is about 20 bucks an hour. Ish. So as long as you're making more than $20 an hour, this is worth it. And so this is to get somebody here. I'll put it up here so you can see my vacuum. All right, so someone to clean your house or apartment. This thing, bathrooms, kitchen, floors, dusting, just kind of the whole place. And so this is how much it actually saves for you. So on average, the Average American spends three to four hours doing a weekly deep clean and about 30 minutes per day, which is another 3ish hours per week, tidying up their home or their desk or their room or their workspace, whatever. And so in total, we're looking at another six to seven hours per week, which gives us 26 hours per month. I also, weirdly, have yet to meet an entrepreneur who's like, you know what? I really love just deep cleaning. You know, just putting the. Putting the gloves on and getting in the shower grate and like, picking up the oven thing or the. The stove top and getting in there. I mean, some people are crazy, don't get me wrong. And if you love cleaning, then by all means you can skip this one. But most people don't. And so if you can get yourself another, Remember, this is 26 hours per month.
- [09:41]
B
All right?
- [09:41]
A
This is three more work days per month that we're adding back to your life. And the total cost is as long as you make more than 20 bucks an hour, it makes sense. And so our monthly cost here, all in. So we had our 60 to 80 here. Here we've got our 200 to 300 per month. And then here we've got our 750 per month.
- [10:02]
B
All right?
- [10:02]
A
So you can see as we're adding this up, we're making progress and we're chipping away, we're buying time back. So so far, we've saved 13 hours a week, four hours a week, and six hours a week in total. So we're looking at 23ish hours per week, and it cost us 750, 60 plus 200.
- [10:18]
B
All right?
- [10:19]
A
So all in, we're looking at a thousand bucks a month. Ish. Right. Now for an extra 23 hours per week. We're talking multiple work days per week already. You seeing how this stuff adds up. So let's do the next one. Next up, blackout curtains and earplugs. All right, now I'm telling you in terms of roi, like, you spend a third of your life sleeping, and the idea that so few people have optimized what they spend a third of their life. And, like, you spend so much on your car, you spend so much on your house, but a third of your life, right, is spent in a bed. It is the cheapest environment to optimize. And so I live in Vegas, and so there's lots of noise. And so for me, I have earplugs that I put in, and if you ever try doing these the first, like, week or so, your ears will hurt a little bit, but then you will 100% adjust and you don't feel it at all. And now I only sleep with earplugs. Like, I can't hear anything. And just the. The ocean sound, you know, when you, like, put it in, it's like. Like that sound is now, like, I. I just, like, I'm ready to. I'm ready to pass out. But on top of that, you want it to be dark enough that when you open your eyes, you can't notice that your eyes are open. So you open, and it's just as black as when you're closed. That's when you've dark darkened it enough. You can also get electrical tape, because sometimes there's tiny little lights that you have in your room, just put electrical tape on them. And electric tape doesn't usually rip off paint or anything like that. And so those three things, like, so worth it. Now, if you want to spend a little bit more money, if you spend, I think it's like, about two grand one time, you can get one of those cooling mattresses. I strongly recommend it, especially if you live with somebody. Well, you sleep with somebody rather, because usually it's very rare that two people have the same temperature desires. I tend to sleep really cold, but I think it's pretty normal. Guys tend to sleep colder than girls do. And so I strongly recommend getting one of those sleep mattresses that cools you down, and it also will dramatically reduce your heating and cooling bill because so we have to. We cool our entire house just so that when we're underneath of the blanket, it's a certain temperature, but you can just cool that tiny area and it'll save you a ton of money. So I think net. Net it'll actually save you money on your bill, especially if you're at work all day or anything like that. If you like sleep masks, you can use those. I would recommend the ones that have the big cups. I actually do both. So I have blackout curtains and that. Like I don't want to see or hear anything. And that works okay for me. And you probably already know this, but you probably don't do it, which is don't watch TV on your phone, whatever before you go to bed. And as soon as you get one of these mattresses that tracks your sleep, what you'll notice is that your REM sleep gets pushed back. And so one of the things is like, if you ever feel you're like, man, I feel like I've got no juice in the middle of my brain, you know, where you get that tired feeling. So the no juice thing is not because you have no juice left. It's actually because we accumulated waste in your brain. And so you need to give your brain time to basically clear the waste out so that it can function properly again. And so that's functionally all we're trying to do. So how much, how many hours this gets you back? I think it's more that it increases the productivity per hour. And so if we can get another two hours of productivity out per day without actually creating more time, to me it's still a net benefit. And again, this is one of the cheapest ones you can do because they're one time expenses that have permanent improvements. And I'm so hardcore about this. Like I will buy it for a founder who doesn't have it. I'm like, stop what you're doing right now, whatever, like immediately put whatever money you have in your bank account towards doing this. Like it's a, it's a non start. It makes no sense for you to for, to not get better. Rest. Like you live longer, you're in a better mood, you make higher quality decisions, you have more energy. Like you recover better if you train in your workout. Like there's zero sets to not doing this. Next up, landscaping. So I actually don't assume that you were truly landscaping. You probably use a lawnmower, but that would have been more difficult for me to catch out of thin air. And so we're going with this thing. So that being said, as we're moving through this, we're going up in how much it costs, right? And so one of the things to remember is like you only get these savings once. Like I can't go back and get this roi again, like, if right now I could go get myself another hundred hours a month for 1500 bucks a month. My God. What? I would, I would. I would buy that time. I go to the time store and just buy it over and over and over again. I would jam on the purchase button. You can only do it once, which is why I think it's one of the highest ROI purchases you can ever make. All right, so how much does this normally cost people? Well, it normally saves you one to two hours per week just for mowing. Now, obviously, that's seasonal, depending on where you live. The next, you've got weeds and trimming, which is another two hours. Now this is per month. All right, so this is a little bit less. But again, like, as we get further up here, you're going to get less time for more, for more money. But that's just the trades you make, right? You've got gutter stuff, gutter cleaning, all right, which you should do because otherwise your house will get all messed up, if you are into that kind of thing. But that's about four hours twice a year. And so on average is about eight hours per month. And so all in, you're looking at about $300 per month to get that time back. Now, again, you'll notice that the dollars per hour continues to go down, but, like, welcome to becoming more successful. Like, you have to spend more. And then once you've done all these ones, it only gets more expensive from there. But these are the easiest ones that I get almost all my initial founders to commit to. Now let's look at the next one. Whoa. It's a car. Very small car. And hopefully you're driving a car bigger than this one. Now, before I get into this, let's look at what you've saved so far. Thirteen and a half hours per week for $750 a month. You've got four hours that you're saving with laundry for about 60 bucks a month. You got six hours that you're saving with cleaning and cleaners for your house. Then you've got sleep, which is going to get you more hours for all this stuff for about 200 bucks a month. If you financed out one of these fancy, fancy mattresses, and at least the, the earplugs and the blackouts are super cheap. Then you've got two hours a week that you're saving for landscaping and mowing and all that kind of jazz. And so if we're adding this as we go, which I hope you are, it's like we're looking at 800ish, a thousand ish, 1200 ish, 1500 ish per month. Now, hey, I'm not saying this is, this is cheap stuff, but what is it getting you? You're getting in total so far, 10 hours, 23 and a half hours plus more for that time. Now we're at 25 and a half hours per week, three full work days per week back, which most people are just wasting their weekends on this stuff. So what about what am I doing with this car? All right, so if, now if you make over $50 an hour, you should consider this. So what is this? So this is you can either get a driver if you want to be a super baller, right? Or you can just use the virtual driving economy that exists, which is Uber and soon to be Tesla taxis or whatever it is, and the driverless fleets that are going to be there, because I'll bet you that's also going to dramatically decrease the cost of having someone drive you to and from places. And so it's really going to be. It's going to approximate the cost of energy very. It's like energy plus, plus depreciation on the car. Like, that's going to really be the equation for transport, which is amazing for all humans because when you look at how economies work, the base, the base level of everything is energy. And then from energy above that, you have transportation. And so it's a very foundational level of like how efficient an economy is. And so for you, if you can take the 30 minutes a day or 45 minutes a day that you spend commuting, which by the way, the average, if you're curious about it, is one to two hours. Let's just call this 1.5 hours per day that people spend. And that also doesn't include the hassle of parking and, you know, walking from wherever they are at to their actual final destination. And so believe it or not, this is a monster one. So this is about 30 hours per month, conservatively, that people spend up to 50 depending on where you live. And so the question is, okay, that's a lot of hours. And we said 50 bucks an hour to start this because you got to be willing to spend a little bit more to get this. So in general, this is going to probably run you somewhere in the neighborhood of like 600 to 1,000 per month. And you're like, why is the range so big? Well, it depends how far you drive and how much you drive.
- [18:03]
B
Right?
- [18:04]
A
But it's a pretty penny at the same time, though, there's also a lot of hours back, but you might be thinking, well, how do I, how do I make those hours productive? That's a key point, right? So a lot of the tweets that you see from my account and what not, I actually tweet while I'm, I'm being driven, right. And so that way I'm either checking Slack messages that I have so I could update, you know, threads and asana boards and whatnot. I'm kidding. I'm not on Asana, but like, whatever. I'm sure people could do that. But for me it's, it's tweeting and checking Slack to make sure that I can move the ball forward on the projects I'm involved in. All right, let's zoom, zoom to the next one and I'll just draw it for you because this is what we're looking at, which is getting a plane. There you go. You don't have to buy a jet, but what you don't know is that you can also just get semi private flying. So I found out about this way too late in my life, but you can basically. There's plenty of places like JSX, I think JetBlue has some of this stuff where you can get on a plane with like 20 people. And by doing that you get. Avoid all of the tsa, all the security. You literally just roll up to the plane, walk in, walk out. And as somebody who flies a lot of private, I'm telling you, it's so close to what you get in private for such a fraction of the, of the price, it's a great deal. And so it'll probably somewhere in the neighborhood of like triple the cost of travel. But if you compare that to what private costs, it's way less. So like if, for example, if I want to go from here to LA, so I'm in Vegas and that's a 30 or 45 minute flight, it's still going to probably run me 15 grand, maybe 20 for that, for that flight. And there's obviously round trip, things like that, but let's just use 20 as a, as a placeholder for the same JSX flight. It's probably 300 bucks. So you're looking at us now. Now you could get a Spirit or something like that for probably like 50 or 60 if you, if you time it right, maybe 99. So it's going to be about triple the cost of one of the kind of commercial airlines. But the amount of time you save instead of, honestly, instead of it being a travel Day, you just work, and then you just drive to the place, you get on the plane, add 30 minutes, and then you're wherever you're at. And so if you have to travel for work, I just, like, I can't recommend it enough. On average, if you fly 50 to 100 hours per year, it's going to be somewhere around one hour per week. And how much does this cost? Well, this is going to cost you significantly more. But the thing is, is that, that one, if you travel, if you include all the other costs associated with it in terms of time, sometimes this can be 10 hours, right? Per week, if you travel, you know, a lot. And so this one's super variable, but usually it's going to cost you somewhere near to a thousand bucks a month on top of what you would normally spend.
- [20:30]
B
All right?
- [20:30]
A
And so if we're adding all this up and we do this weekly, you got 13 and a half. Yes. 17 and a half. You've got 23 and a half. You've got more optimization. You got 25 and a half. You've got 26, 27, and then you've got eight on top of that's 35, and then 10 here, you're 45. You basically buy yourself an entire week back. Now, if you're like, wait, hold on, if I did that, I'd have a whole nother workweek. Well, the answer is kind of yes, and I'll explain what I mean. A lot of people want to work all day, and they work their available hours per day, but many of their hours are taken up by what I call humaning, right? Which is doing the stuff that you have to. You're like, I've got to feed this thing that I got to clean this thing, this bodysuit that I wear. I got to take it from place to place, right? It's such a pain. But the thing is, is that you can, like, let's, let's even, like, we'll add it all up right now. 750, 60, 200, 200, 300, 600, a thousand. We're looking at 3, 100ish. So three grand a month to get all these benefits. Now, if you're not traveling as much, boom, you're at like 2000ish per month. Now, some of you might be like, well, in my market, you'd be crazy to get that. It's like, great. Well, you probably also earn more because you're also in that market, so chill out.
- [21:42]
B
All right?
- [21:42]
A
The point here is the concept, more than the actual dollars and cents and the time is real. Right now. Some of you be like, I don't spend that much time cleaning. Amazing. I love that. For you and for everybody else, find use.
- [21:54]
B
All right?
- [21:54]
A
But the big picture is, if we think about focus as the hypothetical extreme, which is doing nothing except for the task that we set out to do, then anything that is not that task distracts us from the ultimate goal that we have. And so this may seem crazy to outsource humaning, but unless you get significant value or purpose or meaning from doing some of these more mundane activities, then I would strongly recommend getting yourself an entire week per week back. And so if you can do that, like I said at the very beginning of this video, you can get 10 years back. But you could probably get a lot more than that in terms of productive hours, right? Because you're sleeping eight, so you really only have 16, right? So if all of a sudden you can get an extra 4, 5, 6 per day back because you're not doing all this other stuff, all of a sudden people are like, how does he get so much done? It's like, well, I literally have two weeks for every week. And this is accessible for anybody who has a business over a certain level. And you don't have to do it all at once. You could start if we had to make an order here of where I would order these. I did it in the order that recommend doing it. So do this. First, get your meals and stuff taken care of. Second, get your laundry and stuff taken care of. Then you've got your, your.
- [22:56]
B
Your.
- [22:57]
A
Your lawn, your cleaning for the house. Get that taken care of. Next, do this one. I would say make this zero. You should for sure do this. But I didn't want to start with sleep because it wasn't an hours thing. But I think super important after that, you've got your. Your lawn care and all that other jazz. So you got five, we got six. So all in, we have seven if we include our zero. And so you can do them in this one order and they cost this much, and it's one of the highest returns you can get on your time, more than the S&P 500. Go spend this money so you can increase your active income rather than obsessing over passive, and you will think yourself forward in a few years.