Placeholder Image

Subtitles section Play video

  • - Money, I think money future,

  • a lot of people always ask the question,

  • how you determine what's money future?

  • My understanding, money future is anything that does not

  • put cash in your pocket

  • within 30, 60, 90 days?

  • - Yeah, it's a future--

  • It could be like six months,

  • it could be a year, two year gap, that's perfectly fine.

  • - To me personally, money now is anything I can get

  • money paid in 30, 60, 90 days.

  • - Yeah. That makes sense.

  • - That's my general threshold,

  • and the reason I have that threshold

  • is because let me ask you this question.

  • If your income stopped, could you survive 30, 60, 90 days?

  • If you don't have...

  • Some of you guys, your money now might be,

  • you gotta get paid this week,

  • 'cause if you don't get paid,

  • you're not gonna survive the next week.

  • Okay?

  • - That's not a good scenario, by the way.

  • - Yeah. If you've got enough money

  • to survive for three months,

  • then you can stretch out your money now to three months.

  • - Yeah, exactly, make sense? Yep.

  • This, I like to use this all the time--

  • - That's so cool.

  • - [Dan] What I call the Batcave Moment. The Batcave Moment.

  • So all my team, like everybody knows,

  • I have Batcave Moment.

  • Right, they would know.

  • Desmond knows the best.

  • - [Desmond] Master Wayne.

  • - [Dan] What does that mean, what is a Batcave moment?

  • - [Desmond] It means he is in the Batcave, he is thinking,

  • he is on the whiteboard, he is strategizing...

  • and he is getting ready for a big pivot,

  • there's a bunch of big ideas coming up.

  • - Yeah, usually that is even beyond thinking time.

  • It's something else.

  • It's a very, very sacred and Zen moment for me,

  • right?

  • - Yes. What am I not seeing, or...

  • Yeah, you are asking those kind of questions.

  • - I have time that I block out for the Batcave Time, right.

  • So when I am in the Batcave, what it means is this:

  • These are my rules, right? I will get into it.

  • It's, I have...

  • I unplug the phone.

  • - Mhmm.

  • - I close the door.

  • Jenny knows, so I would know, so when I close the door,

  • she knows I am having a Batcave Moment,

  • I am in the office.

  • Unless the building is on fucking fire,

  • you do not come in, you do not call.

  • Like nothing. Okay, nothing.

  • No distraction, total... Zoned in.

  • It is almost like an athlete, right?

  • You're getting ready for a fight.

  • This is me battling with myself, right?

  • Batcave moment, they know, nobody bothers me.

  • I would have all my tea,

  • all that ready, right.

  • In my office, right.

  • Just, bathroom, that's it.

  • I am in there,

  • do not bother me.

  • That's it, eliminate all distractions.

  • Total...

  • Just no one distracts me. Okay.

  • So very very important.

  • All right. Very important.

  • And those are the times where I come up with

  • breakthrough strategist ideas,

  • that take us to a whole new level.

  • - Alex asked a question which I think it falls into this.

  • "Sifu, do we need a few minutes rest time

  • in between every task,

  • as I have packed schedules doing a few projects,

  • and they do go session by session without rest."

  • I totally understand that,

  • when I am closing on calls,

  • you gotta have that 15 minutes, yeah.

  • - That's why I recommend all my closers,

  • if you're closing on the phone, 45 minutes.

  • Give yourself that 15 minute break, right.

  • You may go to the bathroom, you may go grab a drink...

  • - Prepare, look at the next call, write notes...

  • - Prepare for the next call, look at the prospect,

  • look at the profile and things like that,

  • maybe do some research.

  • So I say, yeah, give yourself that buffer.

  • - Or even sometimes when you have a long day,

  • being able to walk up and down the stairs,

  • go outside, have some fresh air.

  • - Yeah, do something, stretch, like move around. Right?

  • - You had three, four bad calls that did not convert.

  • - Before you go into it again, right.

  • Yeah, do that. Stretch. Do whatever you need to do.

  • This is beyond the scope of this class,

  • but human beings were actually not designed

  • to work long hours. It's very interesting.

  • Like there is a lot of science, research,

  • I don't have time to go into all that,

  • but human beings were actually not designed...

  • You know how you'll notice,

  • if let's say you are in front of the computer...

  • - Yes

  • - See if this is true.

  • You are in front of the computer,

  • you are working on it,

  • let's say two, three, four hours straight, nonstop,

  • you notice how you lose focus and you get fatigue?

  • - Yeah

  • - Right? You notice, like you can see.

  • Like at first, like the first hour, but then...

  • Even you are doing the work, but after a few hours,

  • you are like...

  • you feel your productivity is going down,

  • after like four or five hours, right?

  • - Hey, how long we been here anyways?

  • [Computer] 37 minutes.

  • - What? 37 minutes, that's insane!

  • - Yeah, so...

  • As human beings, we are not designed to do that.

  • Our brain and all, we are actually designed...

  • The way that we work is more like a spring, right?

  • So work intensely, could be 40, 45 minutes, 50 minutes.

  • Break. Then do another 45 minute. Break.

  • Right. That's how I recommend you to schedule your time.

  • We're not designed to work five,

  • six hours straight and no break.

  • You know you are not.

  • Your productivity. Right?

  • You're not very productive after a few hours,

  • because we are not designed...

  • That's why we lose focus and you kind of,

  • you can see stuff blurry in front of you,

  • and you are not as sharp, you're not as clear...

  • - Or we start to look for distractions,

  • because you're feeling your work

  • is not as fun or productive.

  • So what do you do if a task

  • you are working on right now

  • takes you longer than expected?

  • Creating the copy as expected,

  • do you shift to the next task,

  • or do you pause the current task

  • and move to the second task?

  • - Oh, I love the question,

  • which leads to secret number five.

  • I'm going to circle back to the question.

  • Okay.

  • Time blocking.

  • Time blocking, blocking out the time.

  • So I want to ask you this question, okay?

  • So imagine you have an appointment with your doctor.

  • Imagine you have an appointment with your doctor, right?

  • It could be eye doctor,

  • could be your back doctor, doesn't matter.

  • Imagine an appointment with your doctor.

  • Are you gonna make that appointment if nothing comes up?

  • - Right, yes Sir.

  • - Yeah, you're gonna make the appointment, right?

  • Very simple.

  • So time blocking, what it means is

  • making an appointment with yourself.

  • - Yourself, right.

  • - Right? So why wouldn't you make appointments

  • with the most important person in your life,

  • and that is yourself?

  • Instead of letting other people dictate

  • how you should use your time,

  • your inbox, other people's agenda,

  • block out a time for yourself.

  • - Stephen's really good at this.

  • Stephen, our team copywriter, director.

  • - Time blocking. Yup. Time blocking.

  • - Yep. Very good at this.

  • - You would make and keep an appointment with a doctor.

  • Make and keep that with yourself.

  • So block out a time, hey, you know what,

  • I'm gonna block out this time to work on money now.

  • I'm gonna block out this time

  • to work on money in the future.

  • I'm gonna block out this time to work out and exercise.

  • Right, if you don't...

  • That's the problem,

  • if you don't block it out, ain't gonna happen.

  • Right? If you say, oh, you know,

  • after a long day of work, I guess I will go to the gym,

  • and then you feel like, I don't want to go.

  • I'm tired, I don't want to go, right?

  • - Oh!

  • - Right?

  • Versus if you make it a time, you know what,

  • from 6 to 7, I am going to work out.

  • Work out. Boom. Just put that...

  • - And then have an alarm in there, have your calendar...

  • - Yeah, just block out that time with yourself, right?

  • Now what happens, when you actually

  • make an appointment with yourself...

  • Example, like say for creating content,

  • let's say for making videos, right?

  • - Yes.

  • - I block out the time.

  • Tired or not,

  • inspired or not,

  • it doesn't matter.

  • You block out that time, you're gonna do it.

  • I schedule time to think,

  • because if you don't schedule time to think,

  • there is no thinking time,

  • you're just busy, busy, busy, busy, busy.

  • So I would actually block at a time and say,

  • hey, this is the time I am going to block out...

  • I am going to think.

  • Right? How many entrepreneurs do that?

  • Very few. Very few.

  • Right?

  • I keep those appointments with myself,

  • just as I would keep an appointment with someone else.

  • You are very very important.

  • Do that. Once you block out a time with yourself...

  • - Yep.

  • - Right, with yourself...

  • Here's the mistake that a lot of people make.

  • Okay, they let other people dictate their schedule.

  • - Right.

  • - Right. Now...

  • Imagine, would you give your wallet to a stranger

  • to hold onto?

  • - No.

  • - But remember in this example I gave you?

  • The time bank.

  • Then why would you give your time to people,

  • to let them dictate how to use your time?

  • You wouldn't give your wallet to a stranger,

  • then why would you give your time to a stranger?

  • - Right.

  • - If a telemarketer calls you and say,

  • Hey, man, you know,

  • I've got a boat cruise package for you, man, like...

  • Dude, you're wasting my time.

  • Period.

  • Right? That's the thing.

  • So the biggest mistake that you could make

  • is you have no end time.

  • - Yes.

  • - So when you have to-do lists on your agenda,

  • you just say, you know what,

  • today I am going to work on these couple of things.

  • But you have no end time.

  • You are not training yourself to be productive.

  • - There is no urgency...

  • - So the question is,

  • let's say you block out your time in terms of

  • a 15 minute increment, one hour increment,

  • 30 minute increment,

  • Doesn't matter, whatever works for you.

  • You're not finishing...

  • Let's say after 30 minutes, oh, I'm only halfway done.

  • - Yeah.

  • - Don't keep dragging on.

  • Train yourself, turn it off.

  • Go to the next thing.

  • You can book another time with yourself to work on that.

  • But unless you do that,

  • you're training your mind to work slow.

  • Because you're always procrastinating the length.

  • Right?

  • You think, 'cause you are training your mind,

  • hey, you know, nothing happens if it just drags on,

  • I thought it was going to take an hour.

  • Now it ends up taking three hours.

  • When you do this, when you train your mind

  • that there is an end time,

  • you are making an appointment with yourself,

  • I only blocked out an hour for this.

  • I will get it done, period.

  • And what happens is,

  • now the time gets shorter and shorter and shorter.

  • So you need to be okay and have the discipline and say,

  • hey, I am going to cut this off. This is...

  • And if you're always missing...

  • Always not ending it on time,

  • it means that probably the way you set your time,

  • you're not being realistic.

  • - Yeah. - Right?

  • It means that the tasks require more skills than

  • maybe the skills you have right now.

  • Let me give you the perfect example.

  • Let's say you're closing on someone.

  • You're closing, and you block out the time

  • for a 30 minute call.

  • But every single time, it goes over.

  • It takes you an hour,

  • or maybe even 70 minutes to close the sale.

  • - Right.

  • - But you block out always 30 minutes.

  • But your skill is not good enough for you to close that...

  • - In 30 minutes.

  • - In 30 minutes.

  • You're not there yet.

  • But you will get there.

  • Give yourself one hour.

  • So then, just do that for one hour.

  • And then eventually, you say, you know what?

  • Let me shorten it to 55 minutes.

  • 50 minutes. 45.

  • Then you get better and better,

  • until the point you can do your 30 minute.

  • So your capabilities,

  • your skills match up with your expectations,

  • then you can do your 30 minute increment.

- Money, I think money future,

Subtitles and vocabulary

Click the word to look it up Click the word to find further inforamtion about it