I interviewed Dan Martell this week for the Moneywise podcast (coming out in a few weeks). Dan is worth $127m and spends $3m/year “buying back his time”.
I put that in quotes because “Buy Back Your Time” is the name of a best-selling book that Dan wrote.
And he truly lives it out. Dan doesn’t do ANYTHING that he doesn’t like to do.
At work, Dan only does the work that gives him the most energy (joy, happiness), that he’s best at, and that makes him the most money. The blue section below 👇️
Even at home, Dan only does what he wants, which means he’s fully present with his wife and kids (10 and 12 yr/old sons).
I’ll break down how Dan does it for $3m/year, and how you can do it for WAY WAY less.
First of all, the principles are the same regardless of how much you’re able to spend, and it starts with “Audit”, “Transfer”, “Fill” (all of this is in his book, “Buy Back Your Time” - if you’re a founder WITHOUT an EA, DM me and I’ll buy you the book).
Audit: Look at your calendar and figure out which tasks you hate, that are inexpensive for someone else to do.
Transfer: Who can take these over (think, “Executive Assistant”)?
Fill: Now how do you do more “blue” stuff?
If you do this (over and over), you’ll make more money. There’s no way around it. Doing MORE of what makes you money will make you MORE money.*
For Dan in particular, he does this by having an Executive Assistant who coordinates his entire life.
Additionally, he’s able to save massive amounts of time by spending money on items like, a jet 🙂. He calls it his “time travel” machine.
*By the way, most of what Dan does on the work (and home) side, you can accomplish with a Full-time Executive Assistant. FreedUp does ALL of this for you. We’ll audit your time, build out custom systems for you, find you an EA and train them on your systems. For less than the cost of your lowest-paid employee.
At home, Dan has a full-time house manager (Betty) who coordinates EVERYTHING around the home.
Betty has full access to Dan’s personal budget and is in charge of hiring and coordinating:
Because of this, when Dan is at home, he’ll fully at home. He’s to sit and talk with his kids, play with them and have a glass of wine with his wife.
Dan spends $3m on all of this because he has an empire - full-time media staff, multiple assistants, full-time house manager, A PRIVATE JET.
But if your life is less complex than Dan’s, than I bet you could get 90% of this (minus the jet) for the cost a 1 full-time Executive Assistant (at FreedUp, we charge $3,200/month - 😉).
Here’s the breakdown how you could translate all of this:
Category
Dan’s Delegated Life
Your Delegated Life
Work admin (email, calendar/scheduling, sales outreach)
In-person Executive Assistant ($$$$)
1 Full-time Remote Executive Assistant ($$)
House Management
In-person, Full-time House Manager ($$$$)
1 Full-time Remote Executive Assistant ($$)
Meals at Home
Chef cooking ALL meals, managed by House Manager ($$$$)
5 dinners delivered/wk, managed by Remote EA ($$)
Cleaners
Daily cleanings ($$$$)
2 cleaning sessions/wk, coordinated by Remote EA ($$)
Yard Maintenance
Daily gardeners ($$$)
Lawn service, 2 times/month, coordinated by Remote EA ($)
Car Maintenance
Staff Mechanic ($$$$)
Mobile mechanic service to do basic oil changes and maintenance, managed by Remote EA ($$)
Home Misc. (bills, doctors appointment scheduling, insurance, etc.)
In-person, Full-time House Manager ($$$$)
1 Full-time Remote Executive Assistant ($$)
Personal Finance and Budget Reporting
In-person, Full-time House Manager ($$$$)
1 Full-time Remote Executive Assistant ($$)
The list above is focused mostly on personal stuff, though in reality most of what you would delegate would be at work - on average, I’ll build out 22 SOPs for EAs to start with when supporting their Execs.
But I’m focusing so much on the personal stuff because that’s what most people neglect. There are 1,000 books on how to do work better - there are very few on managing you chaotic family life.
And unfortunately, I get a TON of pushback from clients who are resistant to using their company’s money to fund an Assistant who will spend some of their time supporting them personally.
But that’s dumb. You’re the same person at work as you are at home. If home is chaos, that same chaotic spouse/parent is now leading the company at work - and vice versa.
It’s unhealthy. So invest in yourself to invest in your business.
Have questions or pushback? I’d love to help (or argue). Send me an email - aaron@freedup.life