389. AMMA — Stop Fixing $5 Problems and Start Solving $1M Ones

The Game Changing Attorney Podcast with Michael Mogill

Michael Mogill

Business, Entrepreneurship, Management, Marketing

5.0 • 539 Ratings

🗓️ 14 August 2025

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If you keep fixing $5 problems, don’t be surprised when your $1M problems never get solved. In this episode of The Game Changing Attorney Podcast, Michael and Jessica Mogill tackle one of the most common growth killers in law firms: spending your most valuable resource, your time, on the least valuable tasks. From fixing printers to negotiating minor contracts, too many leaders are stuck in low-leverage work while the big opportunities for growth go untouched. Michael shares how to calculate the true value of your time, overcome the guilt of outsourcing, and focus on the decisions that actually move the needle for your business and your life. Here’s what you’ll learn: How to calculate your buyback rate to decide exactly what to delegate Why solving $5 problems keeps you from solving $1M ones How to shift from “I can do it” to “I shouldn’t be doing it” Stop trading your time for pennies while your million-dollar opportunities pass you by. The future of your firm depends on where you focus next. ---- 00:00 – Intro and weekend recap: ice skating, roller skating, and discovering Next Playground 08:23 – Why leaders get stuck fixing low-value problems 09:36 – Understanding the opportunity cost of your time 10:58 – How to calculate your buyback rate 12:54 – The difference between solving $5 problems and $1M problems 13:39 – Overcoming the guilt of outsourcing tasks 17:45 – Why a personal assistant is one of the most impactful hires you can make 21:57 – Shifting from trading time for money to buying back time ---- Links & Resources: Buy Back Your Time - Dan Martell Next Playground ---- Do you love this podcast and want to see more game changing content? Subscribe to our YouTube channel. ---- Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more. ---- If you enjoyed this episode, you may also like: 387. AMMA — Stop Cleaning Up Their Mess: The Secret to a Self-Sufficient Team 370. Why Playing It Safe Is Killing Your Growth with Verne Harnish 363. AMMA — How to Master Decision-Making Like a Pro

Transcript

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0:00.0	I know some people might scoff at this and think, oh, well, I don't need to pay somebody to clean my home.
0:06.9	I can do that.
0:07.5	And I don't need to pay somebody to do my laundry.
0:09.0	I don't need to get a meal service.
0:10.2	And these things seem like luxuries and must be nice, that sort of thing.
0:13.1	What's the point of you working, the way you're working and earning income if you're not using that income in some way to improve your quality of life?
0:26.8	Yeah. you're not using that income in some way to improve your quality of life. I'm Michael Logel, founder and CEO of Crisp, the nation's number one law from growth company.
0:31.5	I've built my business through practice, not theory.
0:34.4	Crisp started with just $500 to my name and has grown to over eight figures in revenue
0:38.2	over the last few years, earning a spot on the Inc. 500 list of the fastest growing private
0:42.8	companies in America.
0:44.1	Our approach has been to take everything we've learned about generating massive growth
0:47.5	within our own organization and help the country's most ambitious and committed law
0:51.2	from owners do the same for theirs.
0:53.0	In each episode of this podcast,
0:54.6	I sit down with innovative market leaders from the legal industry and beyond to learn from those
0:59.1	who thrive in the face of adversity, challenge the status quo, and define what it means to be a true
1:03.9	game changer. This is Jessica, head of coaching strategy at Chris, and today we're flipping the script
1:09.9	for another special
1:10.9	edition episode to get Michael's take on. The expensive habit of undervaluing your own time
1:15.9	while spending money to save time is actually a business investment and how to calculate
1:20.5	when you've become your most expensive employee. If paying somebody a certain amount of money
	...

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