Rich Habits Podcast

123: How Rich People Buy Back Their Time

37 snips
Jun 23, 2025
Discover how affluent individuals reclaim their time through strategic delegation and investing in time-saving services. Learn about the power of outsourcing mundane tasks and utilizing expert knowledge to enhance productivity. Explore smart passive income strategies, including real estate investment and high-yield savings. Uncover tax benefits of LLCs and revocable trusts for asset protection, alongside practical budgeting tips. Plus, gain insights on navigating homeownership for wealth-building.
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ADVICE

Value Your Time's ROI

  • Calculate the hourly return on investment (ROI) of your time to know its true value.
  • Hire out tasks costing less than 50% of your hourly ROI to buy back your time effectively.
ANECDOTE

Hiring Grocery Delivery Saves Time

  • Robert Croak hires grocery delivery to save time, despite higher costs.
  • This buys him more time for higher value activities and reduces friction in his life.
ADVICE

Buy Expertise To Skip Mistakes

  • Buy expertise from mentors who've mastered their craft to fast-track success.
  • This helps you avoid costly mistakes and speeds up your learning curve.
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