12 Rules of TIME Management– From Billionaires, Athletes & CEOs [Kevin Kruse]
FULL TRANSCRIPT
if you could talk to billionaires
Olympic athletes a students and world
famous CEOs and collect their best tips
on time management then you would get
this book 15 Secrets successful people
know about time management written by
New York Times best-selling author Kevin
Cruz
I've picked 12 of the best lessons from
the book so let's get started lesson
number one the power of 1440. imagine
you're 25 years old and you have the
power to switch places with a 90 year
old billionaire the billionaire will
have your age and your wealth and you
will have his wealth and of course his
age
would you switch places
I'm sure your answer would be no because
that old billionaires run out of time
and there's no amount of money that can
buy him more time
so if your time is so valuable and you
wouldn't sell it for billions of dollars
then how come we often waste it as if
it's worth nothing
how come many of us treat time as if
it's an endless resource
we all know that time is precious but
how can we start using it wisely
the author of the book has an
interesting method for that he says that
in the office everyone wanted to ask him
something all the time constant
interruptions ended up costing him a lot
of valuable time every day so he decided
to print a paper that said 1440 and hang
it in his office what does that number
mean
well 1440 is the number of minutes in a
day the author found that viewing his
day as
1440 minutes helped him focus on the
most important tasks it acted as a
reminder for him and when people asked
what it was all about he simply
explained that he was trying to make the
best use of his time pretty soon those
do you have a minute meetings got
reduced or eliminated completely
to you a brief one-minute Interruption
might not seem like much compared to all
the time we have available each day but
regardless of how brief they are
accumulated one after another they begin
to turn into a serious amount of time
each day
time is your most valuable and scarce
resource once it's gone it's gone if you
lose money you can earn it back but not
time
imagine it this way every day when you
wake up fourteen hundred forty dollars
are deposited into your life account how
you invest that money defines your
future success or failure in life
successful people see time differently
and invest it differently when we are
evaluating an investment or business
opportunity the first thing most of us
try to calculate is the return on each
dollar invested successful people do
that as well but not as a first thing
the first thing they do is calculate how
much time they are going to invest they
create a dollar per minute analysis and
accept the projects or Investments that
have the highest return on each minute
they are going to invest
how much attention you give to your
money working hard to make money
tracking your money researching the best
ways to invest your money reading about
ways to make more money worrying that
somebody might steal your money you
would never leave your wallet sitting
out in the open you'd never give your
ATM card and password to a bunch of
strangers and yet we typically think
little about our time we routinely let
people steal our time even though it's
our most valuable possession
lesson number two time management isn't
about time it's about energy you can't
manage time no matter what you do you
will have the same 24 hours tomorrow
that you had today when people talk
about time management what they really
want is to get more energy not the time
time management is not about time it's
about energy you don't believe me then
answer this
have you ever been reading a book and
find yourself reading the same sentence
over and over do you get sleepy an hour
or two after lunch how productive are
you then have you ever been working on a
task and find yourself staring into
space for minutes
have you ever actually fallen asleep at
your desk or in a meeting if you've said
yes to most of these questions then you
would agree that the most important
thing is the energy not the time
you need to manage your energy so that
it lasts longer during the day you don't
want to be productive for two hours in
the morning and very tired in the
afternoon and how do you do that how do
you have more energy across the day how
do you go from being 20 of time
productive to 80 percent
I have several tips to do that but one
of the simplest ones is this take more
breaks during the day let me tell you a
story from one of my friends and you'll
understand how powerful the brakes are
my friend's an amateur boxer and he
enjoyed his boxing training but he said
I hated the ending part after the
intense 90 minutes of training the coach
made a split into Pairs and compete
against each other on an air bike for
three minutes in case you don't know
this is what an airbike looks like it
involves almost all the large muscles in
your body
if you do it for just three minutes
intensively you'll feel so much pain in
your legs and body that you'll not be
able to walk or breathe you'll just want
to lie down
so back to my friend in his competition
the rules of competition were simple you
split into Pairs and compete for three
minutes whoever burns more calories
within the three minutes wins and the
person who loses has to do 20 extra
push-ups as soon as the time is over
my friend said at the beginning he lost
almost all the time and he was one of
the lowest performers on average he
could burn 40 calories when others
burned around 55 calories he said I
hated it because it hurts so much plus I
was losing all the time mainly because I
was out of shape and the rest of the
guys were quite in shape relatively
bigger and muscular but despite this
after just a few training sessions he
said I figured out a way to increase my
results from 40 calories to 66 and
almost beat everyone else and after a
few more training sessions I even
increased my results to 72 calories at
that point no one believed the results
and they came and checked the screen to
make sure that I wasn't lying so how did
he do it
how did it go from 40 calories to 72
calories
obviously he didn't get more muscular
and stronger within a few days
his secret was that he took more breaks
and distributed his energy evenly across
the three minutes he said at the
beginning I would just pedal non-stop
for three minutes like everyone else
however I realized that during the first
minute I performed well but the
remaining two minutes the results were
awful
so he decided to break this one big task
into smaller tasks
so in my mind I had broken this
three-minute session into six smaller
sessions each consisting of 30 seconds
in each session I was working for 25
seconds and resting for five seconds and
for each session I had set a goal which
was burning 11 calories
and that was the game changer for him
the reason it worked so well is because
number one he took breaks which helped
him to spread his energy across a longer
period of time
spreading and maintaining the energy is
important many of us can't do it that is
why we end up being productive for a few
hours until lunch and then it goes
downhill from there Tony Schwartz
founder of the energy project says that
humans naturally move from Full focus
and energy to physiological fatigue
every 90 minutes our body sends us
signals to rest and renew but we
override those signals with coffee
energy drinks and sugar Schwartz
suggests that we need to purposely take
short breaks throughout the day to drink
water walk or to eat healthy snacks
number two you broke down the task
suddenly it wasn't one big scary task it
was six smaller tasks with the rest at
the end psychologically that made it
easier for him number three he set goals
for each session he knew that in order
to succeed he needed to burn 11 calories
and not think about the rest if you just
did that then the rest would be fine
number four he made the time work for
him not against him what I mean is this
when you have one big session and your
body hurts like hell the only thing you
want is to be done with it because it
hurts you just keep looking at time and
thinking when will it be over so that
you can get off and rest
on the other hand when you have a
smaller session with a break and a goal
you don't want the time to finish before
you reach your goal you wish that
seconds last a little longer so that you
can reach your goal suddenly reaching
the goal is the center of your attention
not the pain or thinking when this hell
will be over
even though this was an example from
sport I believe there are a lot of
similarities between that three-minute
session on an air bike and our dates in
both we want to get more done in both we
want our energy to last longer and
finally in both we want to win
that's why I think the principles that
worked for my friend will work for you
as well if you apply it to your day how
do I know it well I've been doing it for
years and it is called the Pomodoro
Technique if you've heard about the
Pomodoro Technique then you have already
noticed that the principles are almost
identical with the Pomodoro Technique
you set a timer for 25 minutes work on a
single task with your full Focus then
take a five minute break and after every
four Cycles you take a longer break for
30 minutes then you repeat the process
so lesson two is to pay attention to
your energy and maintain it by taking
more breaks during the day besides that
you also need to look at your life and
see the things you are doing that are
draining your energy and slowing you
down for example lack of sleep is a huge
factor for many people also lack of
exercise and lack of healthy food to
name a few lesson number three identify
your most important task and do it first
in the morning successful people focus
on their top priority goals first thing
in the morning after they are fully
awake
every day they concentrate on completing
all or part of their most important
tasks mits before they go on to other
activities
many Savvy CEOs confirm that the brain
functions at its fullest capacity during
the first two hours each morning
finishing a portion of an MIT first
thing in the morning will also give you
peace of mind before daily problems
arise one of the most common complaints
I hear is this
my top priority goal is too big and I
don't know where to start and what to do
so I rather postpone working on it well
it doesn't matter how big or complicated
the goal is you can always break it down
and work on it at least five minutes a
day for example let's say you want to
buy an investment property so how do you
break it down well let me ask you this
what is the first thing you need to do
to buy a property
you would answer the first thing I would
probably need to do is find a great real
estate agent okay good and what is the
first thing you can do to find a real
estate agent
answer there are many ways but one of
the simplest things you can do today is
just make a post on your Facebook page
and ask your friends if they can
recommend any good Agent
how long do you think it will take you
to make that post probably five minutes
here you go you are one step closer to
achieving your goal if you make that
post
so if you have a goal and you don't know
how to break it down always ask yourself
what is the first thing I can do today
and do it as a first thing every day
even if it's a tiny thing do it as a
first thing again successful people
always focus on their most important
goals before they do anything else
there's another technique which isn't in
this book but the idea behind it is very
similar to this one
the name of the technique is
1990 if I'm not mistaken you choose one
area of your life that you would like to
improve work on it for the next 90 days
in the first 90 minutes of your day this
has been quite a game changer for me
personally for example my entire life
I've struggled with losing weight and
being in shape even though this was
quite an important goal for me I never
achieved it when I looked at how my day
was organized I realized that I
exercised at the end of the day when I
finished my work and you probably know
how hard it is to exercise after a very
busy day at work right
sometimes even if you have the time you
just run out of willpower and want to
lie down and play dead so that no one
touches you or asks you anything
so I decided to change things a little
bit and dedicate the first 90 minutes of
every day to myself
to my physical and mental health which
means the first 60 Minutes is spent on
exercising at home and the remaining 30
minutes on meditation I'm halfway
through and I've gotten great results
plus I've realized that when my physical
and mental health is in good shape the
rest of the day comes really easy I tend
to eat healthy have a clear mind
problems at work don't piss me off I
make less mistakes and overall I feel
good
I'm not saying that you should do the
same as just an example but you can
apply this technique to other areas of
your life such as working on your side
business before you start your regular
job
why give the best hours of your day to
someone else when you can give it to
yourself most of us take care of
everybody else and every task and if
some time is left we spend it on
ourselves
we get the salary and pay everybody else
but not ourselves don't you think it's
time to put yourself first
if you are one of the most important
people in your life if you don't take
care of yourself who is going to do it
for you
some of you might say that you are being
too selfish here
but I think becoming selfish leads to
becoming more generous
for example when you put yourself first
in exercise you feel good about yourself
when you feel good and confident you are
more successful at your job and when you
are doing great at your job you don't
come home exhausted which means you can
spend more quality time with your kids
if you didn't put yourself first you
would probably come home exhausted and
maybe spend a few minutes with your kids
and then the rest of the evening would
be spent lying down on the couch the
same thing applies to your finances when
you pay yourself first it means you are
better prepared financially to take care
of your loved ones and help a family
member or friend when they are in
financial trouble
all these wouldn't happen if you didn't
start putting yourself first
so lesson number three is find one thing
that matters the most and work on it in
the first two hours of your day
lesson number four no more to-do lists
according to the author there are
surveys that show that more than 40
percent of the tasks on to-do lists are
never completed nevertheless they are
used all the time in many many companies
and by many entrepreneurs
but what about successful people do you
really think Millionaires and
billionaires walk around with a to-do
list
do you really think Bill Gates or Warren
Buffett write a long and complex to-do
list and carry them around with them all
day long
think about your case if you make a long
list of tasks every day what's your
success rate hasn't it ever happened to
you that there are tasks you never
complete in days and months go by and
you never do them
according to the author the problem with
to-do lists is that they often confuse
us with what is urgent and what is
really important the author says to-do
lists also cause unnecessary stress
anxiety and end up hurting your
productivity sleep habits and overall
health
although to-do lists work well as
reminders they also become a nuisance
during the day even somewhat
intimidating they'll lead you to avoid
certain tasks procrastinate and
therefore not complete the expected
goals the author recommends solving this
problem by working with calendars
instead of to-do lists highly successful
people don't have a to-do list but they
do have a very detailed calendar so use
a calendar and schedule your day in
blocks of time of at least 15 minutes
according to the author simply
scheduling tasks on your calendar rather
than writing them on a to-do list will
free your mind reduce stress and
increase your cognitive performance
schedule time for everything that's
important to you deciding which tasks
deserve calendar space or blocks of time
keeps you from wasting time
for example if you really value being
healthy and have decided that a daily 30
minute workout is your primary goal then
don't put it on your to-do list put it
on your calendar as a first task to be
completed
schedule it as a recurring appointment
if you value client communication as a
business strategy and have a goal of
talking to at least two clients a day
then schedule a daily client call
appointment
lesson number five how to finish work at
5 PM guilt free
how can the world's most important
people always seem so calm stress-free
and fully present in the moment
how could President George Bush read 95
books a year while he was the president
of America
how does virgin group founder Richard
Branson have over 400 companies in his
conglomerate yet he always seems to be
hanging out on his private island or
breaking some crazy world record as an
adventurer I know you're probably
wondering how they do it right you can't
even finish your work on time so that
you can go to the gym or come home on
time but here's George Bush reading 95
books a year while running one of the
most powerful countries in the world
well here's the secret and I hate to use
the word secret because the idea is so
simple and it's this work never ends
there is always more to do
Andy Grove the author of a book called
high output management puts it very
nicely my day ends when I'm tired and
ready to go home not when I'm done I'm
never done like a Housewives a manager's
work is never done there's always more
to be done more that should be done
always more that can be done
super successful people don't just burn
hour after hour trying to cross off more
items from their task list instead they
think through their priorities schedule
time for each and then enough is enough
this is one of the simplest ideas but if
you truly let it sink in it will
dramatically change your life so lesson
number five is accept the fact that
there will always be more to do and more
that can be done and the work on time
and do the things you enjoy spend time
with family
Etc this is one of the areas I need to
work on personally because I'm a
workaholic and I often end up in a
situation where I'm trying to cross off
as many tasks as possible for my to-do
list so that there are fewer tasks left
for tomorrow but somehow magically there
is always more work to do tomorrow
lesson number six no the magical word
that can free a lot of time
Warren Buffett once said the difference
between successful people and very
successful people is that very
successful people say no to almost
everything
saying yes to something is equivalent to
saying no to something else every yes to
one thing is a no to another thing
I remember once I agreed to a meeting
even though it wasn't that interesting
for me to have the meeting I said yes
because I checked my calendar and saw
that I was free plus the meeting was
almost in a month so I didn't see much
problem saying yes however when the
meeting day came my daughter got sick I
had other personal problems that I had
to solve immediately I couldn't cancel
the meeting because first of all I had
promised and second the person had
traveled a long way to meet me canceling
wasn't really an option
so I had to attend the meeting even
though I didn't want to be there that
day
the moral of the story is this even if
your calendar looks empty now it doesn't
mean you should say yes because when the
time comes kids will get sick the car
will break the dog will get sick
something will stop working in your
business you get the point
that yes will hold you back here is a
good rule of thumb for saying yes to
things
if something is not a hell yes then it's
a no
another problem with saying yes is that
most of the time we think that it will
not require much time from us we think
that it's just a small request but that
small request turns into two requests
pretty soon another big request follows
and then you find yourself spending
almost half the day on that small
request
they say that in the distance even giant
elephants at first look small
unfortunately many small things turn
into big things when they actually
arrive so reserve your yeses for things
that really matter
and never forget this
simple no answer is enough
you don't know what to anybody to have
to say more than that let me repeat you
don't owe it to anybody to explain why
you said no
lesson number seven theme your days Jack
Dorsey is the co-founder of Twitter and
the founder and CEO of square for a
while Dorsey worked full-time at both
companies 16 hours a day eight hours at
each
in a 2011 interview Dorsey explained how
theming his days had helped him
tremendously theming simply means
focusing on one activity each day and
nothing else for example on Monday at
both companies Dorsey focused on
management and running the company
Wednesday was focused on marketing and
Communications Thursday was focused on
developers and Partnerships Friday was
focused on the company culture and
recruiting Saturday he took time off
Sunday was reflection feedback strategy
and getting ready for the week I've
personally tried it and it's amazing to
see how much you can get done when you
theme your days even if you theme your
days you'll still get interruptions all
the time but the good thing is that when
you know that today is let us say
Tuesday and it's product day then it
becomes easier to ignore interruptions
and refocus on the product lesson number
eight three questions that will save you
tons of time
let me introduce Bob to you Bob's
programming speed and code quality gave
him the best coder in the building
status he was a model employee in his
mid-40s Bob started to work by nine each
morning and sent his boss a daily
summary of his work before he left at
five if you had been able to secretly
peek over Bob's shoulder all day you
would be surprised to discover how he
spent his time
on Bob's typical day he would read
Reddit and watch YouTube videos from
about 9 to 11 30 which is when he would
head out to his 90-minute lunch break
back at 1pm Bob would then spend the
next three and a half hours on eBay
Facebook LinkedIn and other social media
sites at 4 30 he would send a report to
his boss and go home without writing a
single line of code
the next day would be the same how could
this be how could Bob be his company's
star programmer yet goof off all day
turns out that Bob was very smart
instead of asking how can I do this he
asked how can this get done the answer
in Bob's case was that he outsourced his
task actually his job to a software
development company in Shenyang China
Bob's company gave him approximately two
hundred thousand dollars a year to do
his work and he in turn gave fifty
thousand dollars a year to a programmer
in China to do it for him for the
longest time Bob's company marveled at
his productivity and quality well he
surfed the internet eight hours a day
eventually Bob's company noticed unusual
server access from China and thinking
they were being hacked they stumbled
onto Bob's brilliant scheme they didn't
like what Bob was doing and fired him
the author said if I had been the CEO I
would have doubled Bob's salary and
promoted him that way he could have
outsourced all the development work and
saved the company millions of dollars
while Bob ultimately got fired for
breaking company rules we can all learn
a lot from his approach to getting
things done how well by simply asking
three questions
question number one drop
when performing some tasks simply stop
for a moment and ask yourself how
valuable is this task to me or to the
company what would happen if I just
dropped it completely
you'd be surprised to find out how much
time you spend on activities that don't
bring value there are a lot of tasks
that can be dropped identifying the
things that you shouldn't do and not
doing them is as important as
identifying and doing the things that
you should do question number two
delegate ask yourself am I the only
person who could do this task who else
within or outside the company could
accomplish this
one of the key skills that any
entrepreneur needs to learn is how to
delegate it's a painful process because
in the early stage many entrepreneurs
think that they are the only one who can
do the job right and with high quality
you should especially do your best to
delegate the tasks if number one you
don't enjoy doing them number two you're
not good at them
question number three automate ask how
can the same outcome be achieved but
with a faster process this question is
all about creating a system so that work
is done automatically or with minimum
effort lesson number nine follow the 80
20 rule like yourself I'm also trying to
figure out the best routines and tactics
that help me be more productive during
the day for example I've noticed that
when I sleep well then the next day goes
almost perfectly I do all the right
things I exercise I meditate I'm more
productive and I'm able to face the day
more confidently
and in order to have a good night's
sleep I need to follow a routine before
going to bed for me a good routine means
going to bed at the same time and making
sure that I stop working at least 90
minutes before bed so instead of
focusing on tips and tactics to be
productive I only make sure that I
follow a few rules before bed I know
that if I do this one thing right then
the next day will go great by simply
focusing on a small activity I can
influence the entire day and this is
what the 80 20 rule is all about
focusing on a few Key activities that
bring the biggest results it's about
identifying the 20 of activities that
bring the 80 of results and doing them
exceptionally well the rest of the
activities that don't fall under the 20
can be ignored or outsourced this rule
is almost like looking for shortcuts in
your life if you truly understand the
power of the 80 20 rule you will work
less and at the same time increase your
results
I have a detailed video that explains
everything so I don't want to go into
too much detail the link will be in the
description lesson number 10 how to
clean your email inbox quickly and focus
on productive work according to a survey
conducted by the McKinsey Global
Institute office workers spend 2.6 hours
per day reading and answering emails
which equates to 33 percent of a 40 hour
work week okay okay nobody works 40
hours anymore but it's still a big chunk
of an average work week
clearly people send too much email at
work and as the dominant form of
professional communication it's hard to
ignore but you have to take
responsibility for your part email and
all social media platforms produce
dopamine every time a message or
notification appears on your screen
which is very addictive most of the time
it's nothing important but every now and
then ding ding ding oh look an
interesting article or oh someone has a
question I can answer in only five
minutes I'm so helpful and productive
this makes us come back to check our
inbox again and again here are six tips
to manage your inbox wisely number one
unsubscribe from email newsletters come
on do you really need to subscribe to
all those fashion websites those Flash
Deals of the Day offers those viral
clickbait news headlines they're trying
hard to get into your head but they
can't if they're not in your inbox to
begin with just go into your email and
search for unsubscribe and then
unsubscribe from all the email
newsletters that you find number two
turn off all email notifications
emails not intended to be an urgent form
of communication and especially in these
times when most of us are getting 50 to
500 emails a day getting email
notifications is a sin notifications
interrupt your concentration your work
and your ability to be present during
meetings and conversations whether you
have an audible ding a phone vibration
or a little window that pops up with
every new email turn all that off
number three only process email three
times a day using the 3210 system
schedule three times a day to process
your email Morning Noon night set the
timer on your phone for 21 minutes and
try to get your inbox to zero in that
time make a game out of it
21 minutes is intentionally not enough
time but it will keep you focused ensure
that your responses are short and that
you don't start clicking links out onto
the wonderful world of Internet
distractions
immediately apply one of these four
actions every time you open an email do
it right away
delegate it defer it to someone else or
delete it you can also archive instead
of deleting
number four keep emails short really
short
realize that being brief isn't rude it's
a sign of respect for the other person's
time in addition to your own there is
even a movement that suggests we
consider email messages to be similar to
text messages number five use the
subject line to indicate the action
required an ideal subject line doesn't
just indicate the subject of the email
but also the type of action it requires
this helps email recipients to process
your email in less time and they'll
learn to reciprocate and do the same for
you number six think twice before you
forward or CC someone
too often we forward or CC someone in
the spirit of keeping them in the loop
but in reality we are contributing to
the information overload problem
remember every email you send and every
CC you include means you are likely
going to get a reply back into your own
email box
you send less email you'll also receive
less email
lesson number 11 Richard Branson's
secret productivity tool
Richard Branson is the founder of Virgin
Group by the time the book was written
Branson was reportedly worth 4.8 billion
dollars
according to Branson the most important
thing for him is to always carry a small
notebook in his pocket in his own words
I could never have built virgin group to
the size it is without those few pieces
of paper keeping all those fleeting
ideas thoughts and things to remember
only in the mind can contribute to
fatigue there is a way to free the mind
so the author's advice is simply to
always carry a notebook with you maybe
the foundations of your Empire will be
written down there
lesson number 12 meetings are the last
option
according to many surveys in the
corporate world most meetings are a
waste of time despite this every day
many companies hold meetings in the book
The author gives some reasons why he
thinks meetings suck number one most
meetings start late number two most of
the wrong people are present at the
meeting number three most of the
meetings time is spent on trivia number
four the wrong people dominate meetings
often those who spend most of the
meeting time are overconfident
extroverted attention-seeking people who
don't necessarily have anything really
important to contribute
therefore the author recommends not
scheduling or attending meetings unless
all other forms of communication are not
working if you must have a meeting
highly successful people know that
effective meetings start with effective
agendas which are distributed in advance
this was a long video thanks for
watching to the end I have more
interesting books summarized on the
channel so check out the playlist you
see on your screen if interested
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