We all have 24 hours in a day; some of us just manage those 24 hours better than others. Roger Hamilton, CEO of Entrepreneurs Institute says there are three different ways to control time.
- Synchronic Time (earned time): What you put in, you will get out. For example, if you get paid by the hour and work 40 hours every week, your income will stay the same each week.
- Promotion Time: You get paid based on the end result. Your pay will stay the same whether you spend 40 hours or 80 hours on a project. This incentivizes you to work smarter, not harder.
- Investment Time (automatic time): This is when you gain the most amount of time back in the long run because you invested the time up front. For example, if you spend 30 hours setting up an automation process that will save you 30 hours each week from there on out, your return is exponential.
How are you spending your time at work, at home or on a specific project? The more steps you can take to automate things and place yourself in the investment time category, the more control you have over your time and how to spend it.
See more of Roger Hamilton's tips in the video below.