More Than You Value Yourself

No one is going to value you more than you value yourself No one is going to value you more than you value yourself We're here to talk about wealth creation That has to be your number one Priority No one is going to value you more than you value yourself So you just have to set a very high personal hourly rate And you have to stick to it Since when I was young I decided that I was worth A lot more than the market thought I was worth But I started treating myself that way So always factor your time into every decision How much time does it take? So it's gonna take me an hour to get across Town to get this thing? Well, I value myself at $100 an hour, That's basically throwing $100 out of my pocket Am I gonna do that? You buy something from Amazon, They screwed it up, you have to return it Is it worth your time to return it? Is it worth the mental hassle? Keep in mind that you have less work hours, You have less mentally high output hours, Do you wanna use them to run errands and Solve little problems Dr do you wanna save them for the big stuff? (Big, big, big stuff) All the great scientists were terrible At managing their household life None of them had a clean, organized room or, You know, made all their social events on time Or sent their thank you cards You can spend your life however you want But if you wanna get rich, it has to be Your number one overwhelming desire Which means that it has to come before anything else Which means you can't be penny pinching You can penny pinch your way to a basic sustenance You can keep your expenses low, maybe you retire early And not spend too much and that's perfectly valid But we're here to talk about wealth creation No one is going to value you more than you value yourself No one is going to value you more than you value yourself We're here to talk about wealth creation That has to be your number one Priority No one is going to value you more than you value yourself So fast forward to your wealthy self And pick some intermediate hourly rate For me, believe it or not back when you could have hired me, My hourly rate, I used to say to myself over And over it's $5,000 an hour Today and when I look back, really it was About a thousand dollars an hour And, of course, I still ended up doing stupid things Like arguing with the electrician Or returning the broken speaker, but I shouldn't have And I did it a lot less than any of my friends would And I would make a theatrical show Out of throwing something in the trash pile Or giving it to Salvation Army rather than trying to return it Or handing something to people, rather than trying to fix it I would argue with my girlfriend and even today it's my wife I don't do that That's not a problem that I solve I still argue that with my mother When she hands me like little to-dos I just don't do that I would rather hire you an assistant And this was true even when I didn't have money And this was true even when I didn't have money No one is going to value you more than you value yourself No one is going to value you more than you value yourself We're here to talk about wealth creation That has to be your number one Priority No one is going to value you more than you value yourself Another way of thinking about something is that If you can outsource something or not do something For less than your hourly rate Outsource it or don't do it Outsource it or don't do it So if you can hire someone to do it For less than your hourly rate, hire them That even includes things like cooking You may wanna eat your healthy home-cooked meals But if you can outsource it, do that instead And I know some people will say, "Well, what about the Joy of life and what about getting it right, just your way?" Sure, you can do that, but you're not gonna be wealthy Because now you've made something else a priority Paul Graham basically said it pretty well You should be working on your product You should be exercising and eating healthy That's all you have time for while you're on this mission So set a very high hourly Aspirational rate for yourself and stick to it And it should seem and feel absurdly high If it doesn't, it's not high enough And whatever you picked, my advice to you would be raise it And whatever you picked, my advice to you would be raise it