Okay, welcome back to The Daily Mastermind, George Reich III with your daily dose of inspiration, motivation, and education. Guys, listen, today I want to talk to you about your time management and your productivity. It's the middle of the week. It's Wednesday. I don't know if you feel like you're crushing it this week or if you feel like you're 10 appointments behind, but the bottom line is this, you have got to control your schedule if you're going to be successful in life, in business, in communication, in relationships. You've got to get control of your schedule. So many people I talk to tell me they're just overwhelmed, that they don't have their schedule, that they're not in control of their schedule. I believe at the end of the day, you have to have time management principles and skills to be able to grow and evolve and create the life you want to live. So you're running your life. Your life's not running you. So let me start you with the Daily Mastermind quote of the day. The quote of the day is, nothing is impossible to a willing heart. Nothing is impossible to a willing heart. And what that quote says to you is that if you have the desire to create a life where you have flexibility, freedom, but opportunity and growth, you can do it. But you've got to take control. You've got to be the one creating your life, not just responsibility and accountability, but you've got to take control of your life. So I want to talk to you today about whenever I think about time management, I think about two specific rules, they're laws, they're universal truths that you have to be aware of. And I remember going through my career, I might've been aware of them here or there, but if I had been more aware of them or when I was more aware of them, I would always get more success. And these two specific rules or laws are universal truths. And the first one is the 80-20 rule. This is the Pareto principle. You've heard it explained as the 80-20 rule or the Pareto principle. What is the 80-20 rule? Well, in simple terms, it says that 80% of your outcome comes from 20% of your input. So meaning 80% of your results are really going to come from 20% of your efforts and focus. But this is going to affect every area of your business, your productivity, your decision-making, even your results overall in your business. So let's break that down for a minute. Did you know, and this is a universal law, this is not George Wright, this is not a couple of people telling you this. Did you know that in most things in life there are universal laws and universal principles Well the 80 rule is no different 80 rule says that where your focus goes results will happen And 20 of the activities that you spend the most time on or 20 of your activities are creating 80% of your results. And I can tell you this because when we, I mean, I've seen this through business time and time again. For example, with the seven-step revenue mastery program that I've gone through with a lot of my clients, we talk about all these different things you can do to grow your business, your mindset, your strategy, your marketing, your sales, your growth strategies, your people, and your wealth planning or your money. But in the growth strategy section, which means you're trying to find ways to grow your revenue, there are a lot of things you can do, but there's usually, you know, there's only about five levers you can pull, but there's usually only a couple of things that can create massive results. It's that 20%. That's why we talk about paid ads. We talk about upsell, cross-sells, down-sells, drip campaigns to your database. Things are activities that fit in that 20% that create 80% of the results. And it's so important for you to identify these because it also affects you in your productivity. In other words, how do you prioritize your tasks that you need to get done every day because out of your entire task list of the things that you want to do today, 20% of those tasks are going to give you the most results. And instead of trying to accomplish everything, sometimes it's more important to identify those top 20% that are going to get you the biggest results. That's one of the reasons why he implemented a long time ago at the end of the day, coming up with my top three. What are the three things that I'm going to do to get a win, even though I may have a list of 582 things, right? So you've got to focus your efforts, not just in business results, but in your productivity into how the 80-20 rule can help you, how you can take your tasks and sort into the 20% that are going to make the biggest result. The other thing is in your decision-making process. Let's break this down for you. When you're making decisions, there's many different solutions and there's many different causes. Sometimes problems you have in your business or in your life are caused by a lot of different things, but there's usually about 20% of the causes that if you were to fix those or focus on those would create the biggest impact. In addition, there's 20% of the solutions you're going to try that are going to create the biggest impact. So what I'm trying to do here is I'm trying to get you to be more conscious and cognizant of your time. Be more aware of where you spending your time because it not about knocking tasks out It not about finding lots of things to get done It about finding the 20 that are going to create the most significant results for you And when you apply this Pareto principle this 80 you going to find clear priorities. You're going to get more productivity. You're going to be able to manage and delegate tasks a little bit better. And most importantly, you'll be able to focus your energy. And energy is what's really going to take it. Now, I'm going to give you a warning here because I know what some of you are thinking, this does not mean that 20% of your effort means you can get rid of the other 80%. Okay. We're talking about taking your time and focusing on the 20%. This isn't about only working 20% of the time, right? This is that. But don't lose sight of the other 80%. Don't lose sight of the other 80%. Just become more effective at managing that, delegating that, deleting that, organizing that. And when you do that, you'll be more effective and you can spend more time on the 20%. Now, the other rule, I told you there was two, the other rule or law I want you to be aware of is Parkinson's law. Now you may or may not have heard of this one, but you know what it is. Parkinson's law says, and the idea of it is that the work that you have will expand to fill the time you allot to it. And this is going to come into a lot of different place in your life. That's why people that work all day long and people that work shorter tasks but get them done can get the same type of thing done. Successful people set time to get the task done. Unsuccessful people just continue to work and they don't have a set schedule. And so this idea of Parkinson's law says that if you decide you're going to go work on a task and procrastinate it and put it off for two weeks, it's going to take two weeks. If you decide you're going to get it done in a certain day time or deadline, it's going to get done in that time. But work will expand to the time you put into it. So what do you do about this? How do you adapt and make this law work for you? Well, plan your work very strategically. Be very specific about the systems that you put in. Set self-imposed deadlines. Even if there's not a deadline, set a deadline for yourself so that you can actually get the work done in less time. Another technique people use is like time boxing. You've heard you know, Elon Musk and several others do time boxing, which is setting goals to finish a task in a specific period of time. They go into their calendar, they set a box of time. That's the time they're going to get a specific task done. And you can learn more about time boxing. I'll probably put a link in the show notes here. But time boxing is a way to be more specific with your time and not let that expand into your schedule Another method is the Pomodoro technique The Pomodoro technique is one where you use 25 work sessions or segments with five minutes breaks and you just take these little chunks of time and you get stuff done. But the bottom line I'm talking about here is time management and finding ways to be more productive. You've got to do this. You've got to find ways to be more productive with your time because time is one of your greatest assets. If you didn't hear that podcast I did a little while back on time, I suggest you go back to it because when you view time differently, you won't waste it like you're doing right now. And when you view time differently, you'll find ways to optimize it and make it more productive and get more done in less time. But the key is, how do you use these two universal principles that I'm sure are affecting you negatively now, the 80-20 rule and Parkinson's law, how do you use those to become more productive with your time, because remember the goal is this, we want you to create a better life. One of peace of mind, one of flexibility and freedom. As an entrepreneur, business owner, investor, that's what you want. You want flexibility and freedom. When you do that, you're going to find that you are going to create the life that you were meant to live. And you can accomplish more when you put Parkinson's law and the 80-20 principle to work in your day-to-day. So the last thing I would recommend to you is get some task management software. I know we all hate to use programs and softwares, but if you can do things to offload the peace of mind of tasks and organize yourself better, just like anything else, where your energy goes, your focus flows, energy goes. And so I highly recommend you start to look at your time management. That's the message I want to have for you today. I want you to stop letting time control you and you start controlling your time and you find you're going to create the life that you're meant to live. Do me a favor, share this episode. I don't run any sponsors. I don't have any sponsors on the show. I rely a hundred percent on your word of mouth and referrals. So it would mean the world to me. Share this show. And I look forward to talking with you a little bit more tomorrow. Hit me up on the Daily Mastermind on Facebook or Instagram. If you'd like to give me some feedback on what you're working on, I'd love to work it into our episodes. and we have a ton of interviews coming up. So don't miss tomorrow. We're going to be talking with the CEO and founder of Million Dollar Collar. You're going to get some great nuggets there. So I highly recommend you tune in. I'll look forward to talking with you then. Once again, my name is George Wright III and this has been The Daily Mastermind. you
