Dan Martell - June 27, 2023


“I don’t want to spend money on that”


Episode Stats


Length

35 seconds

Words per minute

235.6289

Word count

138

Sentence count

7


Summary

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

Your next level exists in your ability to buy back your time. I know a lot of rich people that can't allow themselves to spend money because they always think about what they could buy with that money. The problem is not the cost of something, it's how do you turn an expense into an asset by looking on how to buy time or leverage with it. If you just hire a team to do all the work, then you just sit at home scrolling TikTok, you didn t buy any leverage. You didn't buy any time. The whole point is to deploy capital to free up your time to go do more.

Transcript

Transcript generated with Whisper (turbo).
00:00:00.000 I know a lot of rich people that can't allow themselves
00:00:03.140 to spend money because they always think about
00:00:05.460 what they could buy with that money,
00:00:06.880 especially folks that are in real estate or software.
00:00:09.240 Your next level exists in your ability to buy back your time.
00:00:12.880 Even things like flying private,
00:00:14.420 a lot of people don't consider this
00:00:15.680 because they're like, oh, that costs too much.
00:00:17.220 The problem is not the cost of something,
00:00:19.480 it's how do you turn an expense into an asset
00:00:23.120 by looking on how to buy time or buy leverage with it.
00:00:26.660 If you just hire a team to do all the work,
00:00:28.580 then you just sit at home scrolling TikTok.
00:00:30.400 You didn't buy any leverage.
00:00:31.560 The whole point is to deploy capital
00:00:33.200 to free up your time to go do more.