Evaluating Cost

How do you invest your Time, Money and Attention? What is the COST of that? 

Timeline: 

01:26 - ‌Definition of COST

02:00‌‌ ‌-‌ Three things you should place value on

02:38‌‌ ‌- Establishing a system: 3 questions, adding filter, then determining how you’ll invest your resources

03:45 ‌- There’s a COST for everything you do

06:37‌‌ ‌-‌ Understanding the difference between WANTS and NEEDS.

11:37‌‌ ‌- Filtering your use of TIME, MONEY, and ATTENTION (WANT vs. NEED Filter)

16:20‌‌ ‌-‌ ‌The 80/20 rule

17:58‌‌ ‌- ‌Prioritization helps you make the most of your investments.

18:28 ‌-‌ Use a to-do list and not to-do list for accountability

25:10 ‌-‌ Your acceleration increases rapidly when you abide by the system you’ve now built.

Keywords:

Cost, Prioritization, Needs, Wants, Focus, Distractions

Key Takeaways:

“Sometimes the things that we hold on to are the things that are holding us back.”

“There is a COST associated with everything”

“Are you doing things you WANT to do or are you doing things you NEED to do?”

“Stop providing CPR to dead situations”

“Some things you do does not NEED your TIME, some things do not NEED your MONEY, some things do not need your ATTENTION”

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Music By: Lakely Inspired