Time is Money? That Couldn't Be More Wrong.

Episode 2 of the The Biz Devo with Kenneth Ott podcast, hosted by Kenneth Ott, titled "Time is Money? That Couldn't Be More Wrong." was published on September 15, 2023 and runs 15 minutes.

September 15, 2023 ·15m · The Biz Devo with Kenneth Ott

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Summary

Summary:On this episode of Growtime, Ken dives into an important concept around maximizing your time and scheduling to become what is known as a “time multiplier.” He introduces the idea that in Western culture, most people operate with an “effort bias.” This means they value the amount of time spent over the actual results achieved. Ken argues this viewpoint is backwards. Since time is our only finite resource, we should be using money (an infinite resource) to maximize and multiply our time.Ken traces this effort bias back to conditioning from childhood that time is infinite and money is scarce. However, he now realizes this mindset causes people to waste copious amounts of time trying to validate income or results. Ken says this way of operating is like being a “drifter” - simply meandering through life without much purpose.To shift perspective, Ken encourages seeing time as finite and money as infinite. He then provides four tactical steps to become a time multiplier in your own life. First, truly digest this mindset shift. Second, start assessing your schedule to see where time is being wasted vs. invested well. Third, block out your calendar intentionally. And fourth, adjust tasks to multiply time in the future through automation, delegation, and more.Ken stresses that being a time multiplier is not about rigid scheduling or hustling. It’s about creating efficiency and maximizing ROI on your time spent so that you ultimately have more availability for what matters most - rest, family, and meaningful activity. Tune in to hear more of Ken’s insights on transforming your relationship with time.Top 3 Growth Tips:Shift your mindset to see time as finite and money as infinite. This unlocks new potential. Reframing your perspective is the first key step to approaching your schedule differently.Audit your calendar to identify where time is wasted vs. invested wisely each day. Assess how you're currently spending time to see opportunities for improvement.Adjust tasks for exponential ROI on time through automation, delegation, and SOPs. Multiply your time by modifying tasks to create efficiency.For more tips, discussion, and behind the scenes:Follow us on Instagram @GrowtimeShowWatch us on YoutubeAbout Ken Ott: Kenneth Ott is an owner of multiple businesses, entrepreneur, husband, father, and Christian leader. Ken is the co-Founder of Metacake, an Ecommerce Growth Team and Dough Capital. Ken is an author, speaker, and business coach. To connect or learn more, visit: KenOtt.comKen on LinkedInKen on Twitter/XKen on InstagramKen on FacebookMetacake - An Ecommerce Growth TeamDough - We own amazing DTC brandsShow Highlights:[00:41] Ken introduces the concept of the "effort bias" in Western culture and how it leads to wasted time. [2:55] He explains why time is the only finite resource and should be multiplied using money.[4:22] Ken traces "drifters" who waste time back to a Napoleon Hill concept and the impact on life purpose. [07:12] He stresses the need to shift mindset to see time as finite and money as infinite. [09:04] Ken says this episode will help listeners maximize time and live intentionally. [11:13] He explains the transformational concept of becoming a "time multiplier." [12:55] Ken walks through an example of a time multiplier and the exponential return. [20:22] He gives 4 practical steps to shift your mindset and schedule to multiply time. [23:44] Ken reiterates his goal of helping listeners live high performance, God-honoring lives.

Episode Description

Summary:

On this episode of Growtime, Ken dives into an important concept around maximizing your time and scheduling to become what is known as a “time multiplier.” He introduces the idea that in Western culture, most people operate with an “effort bias.” This means they value the amount of time spent over the actual results achieved. Ken argues this viewpoint is backwards. Since time is our only finite resource, we should be using money (an infinite resource) to maximize and multiply our time.

Ken traces this effort bias back to conditioning from childhood that time is infinite and money is scarce. However, he now realizes this mindset causes people to waste copious amounts of time trying to validate income or results. Ken says this way of operating is like being a “drifter” - simply meandering through life without much purpose.

To shift perspective, Ken encourages seeing time as finite and money as infinite. He then provides four tactical steps to become a time multiplier in your own life. First, truly digest this mindset shift. Second, start assessing your schedule to see where time is being wasted vs. invested well. Third, block out your calendar intentionally. And fourth, adjust tasks to multiply time in the future through automation, delegation, and more.

Ken stresses that being a time multiplier is not about rigid scheduling or hustling. It’s about creating efficiency and maximizing ROI on your time spent so that you ultimately have more availability for what matters most - rest, family, and meaningful activity. Tune in to hear more of Ken’s insights on transforming your relationship with time.

Top 3 Growth Tips:

Shift your mindset to see time as finite and money as infinite. This unlocks new potential. Reframing your perspective is the first key step to approaching your schedule differently.
Audit your calendar to identify where time is wasted vs. invested wisely each day. Assess how you're currently spending time to see opportunities for improvement.
Adjust tasks for exponential ROI on time through automation, delegation, and SOPs. Multiply your time by modifying tasks to create efficiency.

For more tips, discussion, and behind the scenes:

About Ken Ott:

Kenneth Ott is an owner of multiple businesses, entrepreneur, husband, father, and Christian leader. Ken is the co-Founder of Metacake, an Ecommerce Growth Team and Dough Capital. Ken is an author, speaker, and business coach. To connect or learn more, visit:

Show Highlights:

[00:41] Ken introduces the concept of the "effort bias" in Western culture and how it leads to wasted time.

[2:55] He explains why time is the only finite resource and should be multiplied using money.
[4:22] Ken traces "drifters" who waste time back to a Napoleon Hill concept and the impact on life purpose.

[07:12] He stresses the need to shift mindset to see time as finite and money as infinite.

[09:04] Ken says this episode will help listeners maximize time and live intentionally.

[11:13] He explains the transformational concept of becoming a "time multiplier." [12:55] Ken walks through an example of a time multiplier and the exponential return.

[20:22] He gives 4 practical steps to shift your mindset and schedule to multiply time.

[23:44] Ken reiterates his goal of helping listeners live high performance, God-honoring lives.