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Episode 406 · Jul 12, 2021

Time Is Your Greatest Asset: How to Invest It Wisely

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You already own one of the most powerful assets in the world, and you have the same amount of it as every billionaire, every high achiever, and every person who ever built something meaningful. George Wright III opens this episode of The Daily Mastermind by zeroing in on this hidden asset: your time.

This is not a conversation about productivity hacks or scheduling apps. It is a direct challenge to the way you are currently spending your 168 hours every week, and an invitation to start treating time the way wealthy people treat money.

Why Time Is the Great Equalizer

No matter your income, your background, your education, or your circumstances, you get 24 hours every day. George is clear that excuses about not having enough time are understandable but ultimately unproductive. You can make excuses or you can get results. You cannot have both.

As Wayne Dyer taught:

When you change the way you look at things, the things you look at change.

Shifting your perspective on time from scarcity to abundance is the first step. Instead of asking "where do I find extra time?", start from the total: 168 hours per week.

The Math You Have Not Done Yet

George references a breakdown shared by Lisa Nichols that puts the numbers in plain view. If you work a 40-hour job and sleep eight hours a night (56 hours per week), that is 96 hours accounted for. You still have 72 hours left. Subtract four hours a day for family and four hours a day for a second job or side hustle, and you still have a couple of hours each day to invest in your goals.

One hour a day, compounded over months and years, can build a business, a skill, a healthier body, or a deeper relationship. The question is not whether you have the time. The question is what you are doing with it.

Where Your Time Is Actually Going

George asks you to do one thing right now: check your screen time on your phone. Most people are startled by what they find. Facebook, Instagram, TikTok, online shopping, and on-demand TV are absorbing the very hours you claim you do not have.

Laziness is nothing more than the habit of resting before you get tired.

You may be telling yourself that you need the downtime, that you deserve the break. But George draws a sharper line: if you had more money, stronger relationships, and greater fulfillment, you would need far less recovery time. The rest you crave is often a symptom of a life not yet fully lived, not a biological requirement.

How Screen Time Programs Your Subconscious

Here is the piece most people overlook. Wasting time is not neutral. When you spend hours consuming passive media, you are not just failing to invest in your goals. You are actively programming your subconscious mind to work against them.

The news, the social feeds, the algorithms, they feed you fear, dependency, anxiety, and a story about the world that keeps you small. George puts it directly: you are voluntarily allowing yourself to give up on your goals and dreams subconsciously. Your thoughts create your feelings. Your feelings drive your actions. Your actions build your beliefs. Whatever fills your spare hours shapes who you become.

The Power of Compounding Your Time

George closes with a concept that ties everything together: compound time. Just as compound interest builds wealth slowly and then explosively, investing your time consistently in a single direction creates results that dwarf short-term effort. The 10,000-hour rule applies here. The skills, the relationships, the projects that matter most require patient, repeated investment.

Stop looking for the immediate payout. Invest your time in things that will pay off long after today.

Lao Tzu said:

He who knows he has enough is rich.

George reframes this not as settling, but as a mindset of blissful dissatisfaction, a phrase Ed Mylett uses to describe being genuinely grateful for what you have while continuing to pursue a better version of yourself. Knowing your time is enough, and using it well, is one of the truest forms of wealth.

Action Steps

  • Check your phone's screen time this week and identify the top two categories where your hours are disappearing.
  • Start your weekly planning from the full 168 hours, not from the leftover scraps after obligations.
  • Identify one goal or skill you want to develop and commit to one focused hour per day toward it.
  • Replace one hour of passive media consumption with something that moves you toward your goals: a book, a course, a project, or a conversation with a mentor.
  • Practice blissful dissatisfaction: write down three things you are grateful for today, then write down the one big thing you are working toward next.

You have more time than you think, and it is yours to invest. It is never too late to start living the life you were meant to live.

READ THE FULL TRANSCRIPT

Welcome back to The Daily Mastermind. George Wright III here with your daily dose of inspiration, motivation, and education. I hope you have started your week off great. I'm excited to talk to you today about your time, your direction, your focus, ultimately your life. But let's start with the quote of the day. The quote of the day is from Latsu, which is, he who knows he has enough is rich. He who knows he has enough is rich. I've always had sort of mixed emotions about this quote because I feel like it means you're sort of settling. But the more I contemplate the quote, the more I understand it, you know, I get a whole different definition of it, right? It's been that, you know, the secret, you've always kind of heard me say the secret of happiness is not just having what you want, but wanting what you have. And that's what I think this is all about. So if you know that you have enough, you are rich. And it is a mindset. So I encourage you. I believe that if we live in this state of blissful dissatisfaction, as Ed Milet often calls it, then we're not just saying that we're content with our current state. We're actually happy and grateful for what we have while simultaneously pursuing a better version of ourselves and not settling. You know, I don't mean that, you know, you're looking for better life for money, fame, recognition, although that is definitely something you can have more of in your life. I mean that having a better life is being happier and more fulfilled and helping others and, you know, yeah, success and prosperity as well. Anyway, there's definitely more to these daily quotes than lie on the surface and so I encourage you to take the daily mastermind quotes and study them and think about them and contemplate them and try to learn how you can become better versions of yourselves with them. So today's topic, as I mentioned before, today's topic is going to be time. And I like to circle back to this every once in a while because we talk a lot about wealth, we talk about a lot of relationships, communication and things, but sometimes we forget that time is our greatest asset that we have. We forget that regardless of how much money, talent, opportunity you have, we all have an equal playing field when it comes to time. We have 24 hours in a day. But it's going to be how you spend that asset of your time that matters the most So how are you spending your time Are you investing your time or are you spending your time Are you taking your free time and wasting it on sleep Netflix catching up things that rob you of the dreams that you have in your life? Remember, there's this quote that we had a few days back that said, laziness is nothing more than the habit of resting before you get tired. I think sometimes we convince ourselves that we need the rest and what we really need is to achieve more growth and dreams and fulfillment that's going to give us more passion and energy to live our life so you know time is this great equalizer as i mentioned before in the world of success prosperity and happiness because we all have the same 24 hours on the day and i know you've heard that before and i know you're probably thinking at least this is probably coming up in your head right now you know i've got a job or two or three jobs that take my whole day i have kids, a family, responsibilities, commitments, a schedule that's just maxed. I wasn't given the same opportunities and income and environment and things that other people have. I don't have the same talents as everyone else. Listen, you can make excuses or you can get results. You can't have both. And yeah, there are people that have situations that are different and have a little bit of an advantage and all that, but you got to view your circumstances differently if you're going to get a different outcome. Wayne Dyer says one of my favorite quotes, when you change the way you look at things, the things you look at change. And I really believe this is something you've got to do in order to help yourself invest your time more wisely. So you can either choose to believe that you're overwhelmed, overloaded, stressed, under the gun, or behind the eight ball, whatever you want to call it. Or you can choose to accept your situation and just maximize it. You know, Lisa Nichols gave a great speech a while back and she stated some numbers that really I think you ought to think about if you stop for a minute and you just listen and think about these. We all have 24 hours in a day, seven days a week to start the week with. That's 168 hours. Think about that, 168 hours in a week. And I want you to start thinking about starting from the solution, not the problem. So don't start with, I have a couple hours after I get home from work, what am I going to spend that time on? Start with the original source of your assets. You have 168 hours in a week. Now, if you work 40 hour job and you sleep eight hours a night, that's 56 hours, right 40 and 56 that 96 hours total What are you doing with the other 72 hours a week Think about that What are you doing with the additional eight to 10 hours per day You know sure, there's kids, second jobs, other, you know, priorities in life that are important, but let's deduct four hours a day for family, four hours a day for a side hustle or second job. That still leaves you a couple hours a day. You know, do you realize how much you could do with just even an hour a day put towards a goal, a dream, something you're trying to accomplish. But where do most of us spend our time that hour? Facebook, Instagram, TikTok, surfing the web, online shopping. Look, when was the last time you looked at your screen time on your mobile device? Do it. I encourage you to do it. Really look at that because I think you'll be surprised where you're spending your time and that you could be investing your time much more wisely. And I'm bringing this to your attention just as a mentor and a coach for you to help you start thinking through things. I mean, how about TV? How much do you watch Netflix or on-demand TV? You know, we even sometimes rationalize and convince ourselves that we're more productive because we're not watching commercials now. Really? You know, seriously, do you realize that you're putting your dreams and goals and talents, your life, your health, everything on hold so that you can relax and unplug just a little bit. Do you know how much less you'll need to relax and unplug if you're making more money, if you have a better relationship, if you have a better lifestyle? Those are things that you've got. You're giving your trade-offs right now, right? So I want to draw yourself sort of a picture and sort of bring to your attention some things you might not have considered. In addition to wasting time, you might be also allowing your subconscious mind to be programmed to work against you. That's right. You think that you're not spending time on your goals or your personal development, and you're just not spending time on you, but you actually are. The problem is that you're spending time programming you to move further from your goals and your desires and things that you're trying to accomplish. You're programming you to be more fearful, more dependent, more anxious, more stressed. more bought into the story that's being told around you. Think about it. Just the time you're spending on mobile, the time you're watching news, the time you're watching programming and things like that. Our thoughts create our life. Our thoughts drive the feelings and emotions and actions that we do. Our thoughts and feelings and actions create experiences which solidify and build our beliefs You allowing your spare time to involuntarily be programmed to work against you Or should I say you're voluntarily allowing yourself to give up your goals and dreams subconsciously. So listen, we all have the same amount of time to spend. We all have a choice to spend our time wisely and in pursuit of our worthwhile goals of whatever we want to do. I encourage you to use your time for productive endeavors. I encourage you to use your time for experience. Get life. I encourage you to use your time to create the best versions of yourself. Stop being selfish with your time and spending it on you. Give it to other people. Give it to service. The beautiful thing about this concept, the beautiful thing that you've got to keep in mind is that you can share your time and talents with others and get paid along the way. You can create an amazing life if you'll just spend your time wisely. So last thing I want to mention to you. Learn to understand the power of compounding your time just like your money. Don't look for the short-term payout. Don't look for something that's going to give you immediate gratification. Invest your time in things that you know will build towards the dreams that you're looking to accomplish in life. Invest your time in things that don't just pay you short-term, but things that might take a little bit longer for you to get a return on. It's like that 10,000 rule with any kind of a talent. you've got to be willing to put in the time and invest your time in things that you know long term you're really looking for and you know long term will help you that's my message for today i want you to seriously analyze your time and what you're doing with it and where you're going with it because that is your greatest asset and that's an asset that you do control and i hope that's something that'll plant some ideas of inspiration and motivation for you anyway that's the daily mastermind if this is the first time you've been listening to us hit me up on the daily mastermind mobile app, hit me up on Facebook or Instagram. And I look forward to getting some feedback from you. What is it that I can help you with in your life? I look forward to giving you some more of that, but I look forward to also interacting with you. So have an amazing day. Look forward to talking with you a little bit more tomorrow. This is George Wright III, and this has been The Daily Mastermind. Have a great day. Thank you.

About the host
George Wright III, host of The Daily Mastermind

George Wright III

George Wright III is an entrepreneur, investor, and the host of The Daily Mastermind. Over more than two decades he has founded and scaled several multimillion-dollar companies and built a renowned seminar business that put some of the world's biggest names and brands on stage. With 25+ years across marketing, sales, and executive leadership, he's made a career of turning bold ideas into results — and momentum into lasting growth.

Today his mission is singular: empower driven entrepreneurs everywhere to master their mindset, unlock their potential, and live their ultimate destiny. Through The Daily Mastermind, George shares the Prosperity Principles and strategies that help people create massive change — in their business and in their life.

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