Skill Effort The race to get to 10,000 hours Skill Reward Labour Top 1% of the population
Knowledge compounds ‘that's how knowledge builds up, like compound interest…..always go to bed wiser than you woke up’ – Warren Buffett
$1,000,000 in five minutes
PROCESSING Learn how to make better decisions & judgment Improve your productivity Learn how to use tools to scale your information storage, retrieval and processing of information
Points: Put a high price on your time. It’s not free If you don’t put a price on it false economies will trickle in The biggest gains can come from the smallest units of productivity
Tactics for high productivity
The five commandments of productivity: Delete Automate Delegate Defer Do
‘ People dependent systems fail. Systems dependent people succeed’.
1. What is more important than how…. ‘ there is nothing so futile as doing something with great efficiency that shouldn’t be done at all’.
‘ Businesses are built for either P or E. Over time P compounds, E diminishes ’ – Mark Carnegie
2. Play calendar dodge ball ‘Meetings are futile. But if you want to accomplish nothing in life they are indispensable’ - John Kenneth Galbraith Hint: Meetings are for informing and deciding. Ask ‘which do you need me for’.
3. Time isn’t elastic. You only get to spend it once….you have to choose which fires to leave burning.
‘Context switching’ is poison to productivity
What’s the only thing that gives time it’s value? Hint: Ruthlessly exclude distractions: - Use noise cancelling headphones Eliminate all alerts Unsubscribe (or saneblackhole ) Shut email down
Leverage the ‘dead space’
Use the ‘second brain’
Tools everyone should use: Wunderlist Grammarly Sanelater Good calendar tool (Calendly) MixMax Collaboration tools (e.g. Googledocs ) Keyboard shortcuts
Do a quarterly ‘defrag’
View your world through activities that ‘give you energy’ and activities that ‘take your energy’. You need to be 10x compensated for those tasks, people or places that drain your energy.
Throw out your printer…and buy two screens
Don’t watch the news
Magnify value through communication Focus your output on scalable activities Achieve outcomes through leading exceptional talent HIGH OUTPUT MAXIMISE THE QUANTITY AND IMPACT OF OUTPUTS