Hi everyone. I'm Alexa and I've been working behind the scenes with Sam Parr on MoneyWise.

If you didn't hear his announcement last week, we're actually trying something new on this channel,

taking the same transparent approach that we took to finances and applying it to company building.

So please let us know in the comments what you think and enjoy this episode with Mario Schlosser,

the co-founder of Oscar Health.

This is Mario Schlosser. Since 2012, he's tracked every single minute of his life in his spreadsheet.

Most people would call that insane. And maybe it is. But in that same time frame, Mario co-founded Oscar Health with Josh Kushner,

a tech-powered health insurance company that's now worth over $4 billion. We sat down with Mario last week and he walked us through the three things that made Oscar possible.

Things anyone can use to take stock of your time, deconstruct complex problems,

and handle conflict before it kills your company.

It starts with a 56,000 cell spreadsheet.

I've been tracking my time on a minute-by-minute basis every minute since 2012.

When I started researching new company ideas, I said to myself, I'm way too

undisciplines. I started reading an article about health insurance, and after four minutes,

I'm like, that's enough for today. I'm going to go watch Game of Thrones now.

And so I thought a good forcing mechanism would be if I write down when I start doing something, I write down when I stopped doing it, and then I can see, oh, this was at least 30 minutes. Great. I can feel good about this amount of work I've put into this task now. Now I can go and, you know, get a beer or something. Mario didn't just use his time tracker to reclaim his focus. He used it to make data-driven decisions. So I track when I start doing something, when I end doing it, what I did, who I did it with. Sometimes I added tracker on the scale of 1 to 10 how I feel about it, with seven being the expectations like how people measure objectives and key results. Now I can put into cloud code and can give me all kinds of cool statistics about myself.

But it mattered most when his instincts pointed one way and the time tracker pointed the other.

The best example of this is when they took the company public.

I struggled with mental health after the IPO process actually went sideways, really,

when public and stock price went down right away.

And it's the first time in my life I talked to a therapist and then I went on antidepressants actually for a while.

I think that was great to see for me because I think my mind fights fights the effect of drugs

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