Dan Martell - April 24, 2023


Here’s how young CEOs buyback their time

Hosted by
Dan Martell
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Episode Stats


Length

46 seconds

Words per minute

254.19

Word count

197

Sentence count

13


Summary

Summaries generated with gmurro/bart-large-finetuned-filtered-spotify-podcast-summ .

In this episode, I talk about the buyback principle and how it applies to every area of your life. I think a lot of people don't have the time to do the things they want to do, so how do you buy back your time?

Transcript

Transcript generated with Whisper (turbo).
Hosts, guests, and mentioned names generated with spaCy (en_core_web_sm), reconciled against Wikidata.
00:00:00.000 I moved to San Francisco 2008 after selling my first company, and I meet these like 23-year-old
00:00:04.920 kids that are running $100 million companies. How do they do that? But when you see them operate,
00:00:10.480 what's absolutely different, they're immediately buying back their time. They're literally building
00:00:14.720 a team underneath them so that they can express their creativity and do the thing that only they
00:00:19.420 can do. The buyback principle starts with that, but then it's like, well, how do I do that when
00:00:23.360 I'm just starting off? Well, you got to look at your calendar. You got to ask yourself, what are
00:00:26.440 the things I'm doing that take my energy, that have the lowest cost to pay somebody else to do.
00:00:31.040 That's the bucket of stuff you should start with hiring. You should never hire somebody to the
00:00:35.200 side or above you. You should always hire things that have the biggest swath of time that can come
00:00:39.480 out of your calendar. And then it's to fill it up. You don't just do nothing. No. And most people
00:00:43.680 wouldn't even know what to do if I gave them a week a day back. Invest in yourself.