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The Chase Jarvis LIVE Show

The Buyback Principle: Unlocking More Time for Your Art

The Chase Jarvis LIVE Show

Chase Jarvis

Celebrity, Art, Career, Creativity, Money, Entrepreneurship, Self-improvement, Education, Careers, Writing, Interview, Investment, Influencer, Business, Photography

4.8641 Ratings

🗓️ 13 November 2023

⏱️ 17 minutes

🧾️ Download transcript

Summary

In this episode, we're talking about how to reclaim your most valuable asset: time. As a creative, I've always struggled with finding enough hours in the day to pursue my passions. But what if there was a way to "buy back" your time and focus on what truly matters?

Join me as we dive into the concept of the Buyback Principle from Dan Martell. We'll explore how delegating can help us reclaim precious hours, allowing us to maximize our creative potential. 

Key topics discussed in this episode:

  • Understanding the Buyback Principle
  • The Four Aspects of Leverage
  • The Buyback Rate: A Creative's Best Friend
  • Where to Apply Leverage: The Buyback Loop
  • The Pitfalls of Buying Back Time
  • The Importance of Staying Aligned with Your Passions

If you'd like to listen to Dan Martell's episode on the show, you can find that here: https://chasejarvis.lnk.to/DanMartell

Enjoy!

Transcript

Click on a timestamp to play from that location

0:00.0

Time, the magic of time.

0:05.0

If you're all like me, we have more things that we want to do than there are hours

0:13.0

in a day.

0:14.0

And as a creative professional, I've always grappled with how to best allocate my time,

0:20.0

making sure that I'm not you know, not only productive,

0:22.2

but also fulfilled. There's that balance. I was really struck by Dan Martel, who has been a guest

0:28.9

on the podcast, the concept that he wrote a book about called Buying Back Your Time. Now, this isn't a new

0:34.6

concept, but my conversation with Dan in an actual interview show

0:38.7

made me want to make a micro show about this topic.

0:44.6

Now, part of, you know, the concept of buying back your time, it sounds like a rich person's,

0:52.5

the theater where a rich person plays. And I want to, you know,

0:57.9

ask you to suspend your opinions about this because I believe that buying back your time

1:04.6

is for everyone, whether this is hiring humans to do work and or using tools, right? This idea from Dan helped galvanize

1:14.4

the show for me. And his insights are primarily tailored for business leaders. It's very valuable

1:20.0

for us as creative professionals. Now, we should start with the buyback principle. Right now,

1:25.8

at its core, this isn't simply about hiring people to grow your business.

1:30.4

This is about delegation.

1:32.6

It's about reclaiming time that you otherwise would spend in low value tasks.

1:38.8

Now, think about it.

1:39.6

If you spend hours on admin, then are you truly maximizing your creative potential? That's pretty easy to

1:47.6

see in that, through that lens rather, that it's probably not, right? But by offloading tasks that

1:53.5

don't directly contribute to your creative output, you are essentially buying back hours in a day

...

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