The Game Changing Attorney Podcast with Michael Mogill 389. AMMA — Stop Fixing $5 Problems and Start Solving $1M Ones
If you keep fixing $5 problems, don’t be surprised when your $1M problems never get solved.
In this episode of The Game Changing Attorney Podcast, Michael and Jessica Mogill tackle one of the most common growth killers in law firms: spending your most valuable resource, your time, on the least valuable tasks. From fixing printers to negotiating minor contracts, too many leaders are stuck in low-leverage work while the big opportunities for growth go untouched. Michael shares how to calculate the true value of your time, overcome the guilt of outsourcing, and focus on the decisions that actually move the needle for your business and your life.
Here’s what you’ll learn:
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How to calculate your buyback rate to decide exactly what to delegate
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Why solving $5 problems keeps you from solving $1M ones
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How to shift from “I can do it” to “I shouldn’t be doing it”
Stop trading your time for pennies while your million-dollar opportunities pass you by. The future of your firm depends on where you focus next.
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00:00 – Intro and weekend recap: ice skating, roller skating, and discovering Next Playground
08:23 – Why leaders get stuck fixing low-value problems
09:36 – Understanding the opportunity cost of your time
10:58 – How to calculate your buyback rate
12:54 – The difference between solving $5 problems and $1M problems
13:39 – Overcoming the guilt of outsourcing tasks
17:45 – Why a personal assistant is one of the most impactful hires you can make
21:57 – Shifting from trading time for money to buying back time
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Links & Resources:
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Past guests on The Game Changing Attorney Podcast include David Goggins, John Morgan, Alex Hormozi, Randi McGinn, Kim Scott, Chris Voss, Kevin O’Leary, Laura Wasser, John Maxwell, Mark Lanier, Robert Greene, and many more.
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