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money buys back time

concept · in 14 sources (2018–2021)

Pay to remove chores when your hourly value exceeds the cost.

Sources by year: 2018: 1 · 2019: 1 · 2020: 3 · 2021: 9

Also known as: aspirational hourly rate, delete, automate, delegate

Questions

What the videos say

The most important statements of each year; all statements.

2021

  • 2021-02-14 · The Book That MOST Changed My Life — recommendation: Ali: If you are an entrepreneur and your time is worth a certain amount, Ali says you can and should pay someone who earns less to take tasks off your plate so you can focus on the most important things. — 00:13:14
  • 2021-04-18 · How I Manage My Time - 10 Time Management Tips — recommendation: Ali advises working out the money value of your time: for his business he set his at £20 or $25 an hour, so anything he does not enjoy that he can delegate for less, he should. — 00:07:53
  • 2021-07-04 · Productivity for Lazy People - The RAD System — recommendation: Ali's first step in delegating is to work out the money value of your own time: anything you do not enjoy that you could delegate for less than that, you absolutely should delegate. — 00:09:19
  • 2021-07-18 · Answering Uncomfortable Questions With My Personal Assistant — recommendation: Ali thinks anyone busy with email and admin, not only creators or entrepreneurs, would benefit from a part-time PA paid for even four hours a week to sort the inbox; he calls it incredibly high ROI. — 00:06:41
  • 2021-07-28 · How I Created a $3 Million Business Part Time — Ali: Using Naval Ravikant's idea of an effective hourly rate, Ali put his own at around $30 an hour and saw that four to eight hours of editing per video was not the most value he could add to the business. (hedged) — 00:05:36
  • 2021-09-08 · The Best Productivity Hacks of All Time — recommendation: Ali ranks delegation A, an essential tip, and recommends at least trying to value your time at a dollar amount as a useful thought exercise. — 00:01:57
  • 2021-10-10 · In Conversation with Charlie from Charisma on Command #ptya — Charlie Houpert: Once YouTube made money, Charlie put a dollar amount on each hour for everything in the business, and the answer was that he should do nothing but make videos, by far his highest return on time. — 00:25:21
    • Charlie Houpert: Charlie thinks YouTubers at Ali's level need real-life assistants: anyone still doing their own laundry and worrying about meals while growing a business should ask what that costs in dollar value. — 00:26:10
    • Ali is happy to pay someone a decent wage for chores so he can spend more time on his business, but will not put a dollar value on time with friends, board games or relaxing, which he values for itself. — 00:28:29
  • 2021-12-09 · The Book That Changed My Financial Life 🤑 — recommendation: Ali: Since time is our most valuable non-renewable resource, Ali says using money to buy extra time and freedom is a very good use of it, unlike pointless luxuries. — 00:08:34
  • 2021-12-24 · How Much Money I Spend as a YouTuber (2021) — Ali: One of the best ways to use money to buy happiness, Ali says, is to eliminate the things you find unpalatable: he hates laundry, and paying $50 a week to save even an hour is a no-brainer. — 00:09:36
    • Ali grants that it is privileged, but says that if you have the money you should outsource the things you do not like doing. — 00:10:05
  • …and 10 statements more in 2021 — all statements of 2021

2020

2019

  • 2019-07-05 · AWAY Weekender Bag Review — Ali counts the Away Weekender worth its price: about 30 weekend trips a year, each 10 minutes quicker, saves five hours, and he values his time at far more than 50 pounds an hour. — 00:09:07

2018

  • 2018-10-25 · iPhone XS Max Review - Is it worth it? — recommendation: Ali: If Ali hated spending 10 minutes ironing a shirt every morning, paying about 15 pounds a week to have five shirts professionally washed and ironed would make him happier, because it removes a negative. (hypothetical) — 00:04:37