How To Gain Back Control Of Your Time Even If You Think You Are Too Busy
Diarmaid Mcmenamin
Founder. Property Investor. Digital Creator. Doctor. Helping time-poor professionals build a life of time and financial freedom by improving knowledge of mindset, personal finance, investing and business startup.
Do you ever feel like there's never enough time, no matter how hard you work? Sometimes, it's tempting to think we can buy more time by outsourcing tasks.
This week, I've been reading Dan Martell's Buy Back Your Time: Get Unstuck, Reclaim Your Freedom, and Build Your Empire.
He unveils a refreshing approach to creating more time in your life while growing your business. And the best part? It doesn't involve working harder or longer hours. This revelation can bring a sense of relief and optimism to your time management journey.
Instead, Martell shows how you can buy back your time by delegating, outsourcing, and focusing on what matters. This empowerment of reclaiming your time can make you feel more in control of your business and personal life.
In this blog, I'll explain the key lessons from Martell's book and show you five actionable steps to free up more time today.
Implementing these steps will not only help you build a successful business but also give you a sense of accomplishment and more time to enjoy the things that matter most to you.
What Does It Mean to "Buy Back Your Time"?
The traditional path to success often teaches you that working harder is the only way to achieve more. But here's the thing: if you keep trying to do everything yourself, you'll need more time to focus on what truly drives growth. You might even burn out along the way.
Dan Martell flips that narrative. Instead of working more hours or juggling more tasks, he suggests you buy back your time by offloading the tasks that aren't your best energy use. Think about it: time is your most precious resource. Once you spend it, you can't get it back. But if you can free up hours spent on low-value tasks, you gain more time to focus on the high-value activities only you can do. These activities will drive your business forward and allow you to live on your terms.
Here are five practical ways to start buying back your time today:
1. Do a Time Audit
You can only buy back your time if you know where it's going in the first place. One of the most powerful steps is to do a time audit. This helps you understand exactly how you're spending your days, and trust me, you might be surprised by what you find.
A time audit involves tracking your activities for a few days or weeks. Write down everything you do and how long it takes. Once you've got a clear picture, you'll be able to see which tasks are sucking up your time but aren't delivering much value in return.
When you have that list, ask yourself: "Could someone else be doing this for me? Does this task need to be done?" This process helps you identify where you can start buying back your time.
Here's how to get started with a time audit:
A time audit spotlights where your time is going and shows you exactly where you can start making changes.
2. Calculate Your "Buyback Rate"
Once you know where your time is spent, the next step is to determine your buyback rate. This game-changer gives you a clear formula for deciding which tasks you should keep and which ones you should delegate or outsource.
Your buyback rate is the hourly value of your time. It's calculated by dividing your annual income goal by the number of hours you're willing to work in a year. For example, if you want to make £100,000 and work 2,000 hours (around 40 hours a week), your buyback rate is £50 per hour.
If you spend time on tasks that someone else can do for less than £50 per hour, it's worth delegating those tasks. By paying someone else to do the work, you're buying back your time while you focus on the tasks worth more than your buyback rate.
Here's how to calculate your buyback rate:
Using your buyback rate, you can make informed decisions about where to spend your time, giving you more time to focus on what matters.
3. Delegate by Building Systems
One of the main reasons people struggle to delegate is because they need to build clear processes for others to follow. If you want to buy back your time, you must create systems that allow you to hand off tasks without worrying about how they'll be done.
Think of it this way: instead of spending hours answering the same emails or organizing schedules every week, what if you could train someone to handle those tasks for you? The key is to create clear, step-by-step processes that anyone can follow.
Martell emphasizes the importance of documenting tasks and creating Standard Operating Procedures (SOPs). Doing this makes it easy for someone else to step in and do the work, freeing up your time.
Here's how to start delegating with clear processes:
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Once you set up clear processes, you'll feel confident delegating and free up more of your time for the high-impact work that only you can do.
4. Focus on Your "Superpower"
To make the most of your time, you must focus on what Dan Martell calls your "superpower." This is the unique value you bring to your business or career — the work you do better than anyone else and directly drives growth.
Your superpower is where you should be spending most of your time. When you delegate or outsource tasks that aren't aligned with your superpower, you get more time to focus on the areas where you can make the biggest impact.
Ask yourself: What are the tasks that only you can do? These are the activities that should be your priority. Everything else should be delegated or automated.
How to find your superpower:
Focusing on your superpower will allow you to achieve more in less time while also enjoying your work.
5. Schedule Personal Time First
This may sound counterintuitive, but Martell advises you to schedule your time before your work tasks. If you don't protect your personal time, work will inevitably take over, and you'll end up feeling burned out.
Most people fill their calendars with work commitments and squeeze in personal time wherever it fits. But when you flip this around and schedule personal time first, you prioritize your health, relationships, and well-being.
How to do this:
Doing this'll create a healthier balance between work and life, giving you the energy to show up fully for both.
Conclusion: Time Is Your Most Valuable Asset
Dan Martell's Buy Back Your Time is a must-read if you're overwhelmed and stuck in the endless cycle of busyness. The key takeaway from the book is this: time is your most valuable asset, and you can't afford to waste it. You can start buying back your time by conducting a time audit, calculating your buyback rate, delegating with clear processes, focusing on your superpower, and scheduling personal time first.
Ultimately, buying back your time isn't just about working less but working smarter. It's about focusing on what truly matters, both in your business and your personal life, to create a life of freedom, fulfilment, and success.
You don't have to choose between growing your business and having more time for yourself. With the right strategies, you can do both. Start buying back your time now, and watch how it transforms your life.
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Good luck on your journey!
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