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Sacrifice, Yield And Asymmetric Returns

Sam Ovens · 3,924 words · 18 min read

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0:00[Music]

0:04you

0:16who is an iPhone who is an Android yeah

0:23I got a Android recently because of one

0:27feature that assistant for when you're

0:31getting a call has anyone seen how that

0:34thing works it's somewhat if someone's

0:37calling you you can just click screen

0:39call and then this thing goes hi this is

0:42like Sam's phone what are you calling

0:44about and then they they say and then it

0:47just transcribes it in real time on my

0:49screen I can see but then I can press a

0:51button and it will be like tell me more

0:53or what what was your name or like you

0:56know different things and then I can

0:58choose at any point to just click talk

1:00and it this be like hey how's it going

1:02or I can just click sorry he's not

1:05available

1:05mm-hmm all right I got it just for that

1:08feature no it's it's the native phone

1:13it's like it's only available on the

1:16phone it's not an app it's the pixel 3

1:23yeah but there was the main reason why I

1:28got it but that didn't really no one

1:31really as my number one calls me anyway

1:33so like it doesn't add it doesn't add

1:36that much value but I just wanted that

1:38feature bad because I've everyone has

1:41experienced the time when you see a

1:42number and you're like oh I could be

1:44that person you know what I mean

1:46it could be that person that you like

1:48you know you've always got a person

1:49who's who you're expecting a call from

1:51and it's important and you answer it and

1:54it's [ __ ] the wrong person you can't

1:56get rid of their like and it's annoying

1:59you're like damn I shouldn't have

2:00answered it

2:14true it gives you some but you can't the

2:18cool thing I like about this is it

2:20doesn't even require your hearing or

2:22speaking so it truly just shows it which

2:25and then you just tap one button because

2:27it count it it uses AI to figure out

2:30what response you might want to add and

2:31it just shows it as a button so you

2:33don't even have to type it or speak it

2:35or do anything and it's real-time it's

2:39not like the person says it and then

2:41it's like waiting calling me then I

2:43answer then I've got to listen to it and

2:44then I've got to choose an option but

2:48it's probably better than nothing anyway

2:50my point with this was there was the

2:52feature I wanted and also iCloud sucks

2:55Google Drive is the best especially if

2:58you use G suite business which you

3:00should because it's ten dollars a user

3:02per Mountain you unlimited Google Drive

3:04storage but you also get unlimited drive

3:07storage with your pixel and it just

3:09saves all everything to drive and see

3:11the iCloud but one cool accidental

3:15byproduct which was actually the most

3:17value I got from the pixel was its UI in

3:21its user experience is nowhere near as

3:23good as an iPhone X like an early iPhone

3:27you it's probably better but iPhone X is

3:29amazing and what I didn't understand is

3:32like it was worse and it first I was

3:34like ah damn the iPhone X was kind of

3:36bitter I [ __ ] never used thing and I

3:40was like that's actually a good thing oh

3:43it's like it's a benefit but most people

3:47would think that's a that's not a

3:49positive thing though think that's a so

3:52it's actually been a great choice if you

3:55want to use your phone less get an

3:56Android I'm not kidding like nothing

3:59will make more of a difference my screen

4:03times gone down to like 21 minutes and

4:0520 of those minutes is meditation

4:08no kidding

4:10that's it if it wasn't for the 20 minute

4:14meditation then it would be probably be

4:16like non-existent but if you if anyone

4:20we're going to go into this topic of

4:22sacrifice and I can tell you you just

4:25need to go out if you want to do some

4:26market

4:27research on this just go for a walk and

4:29just watch the human race go like this

4:32like they're just it's real bad like

4:37it's actually a problem like a really

4:39bad problem and it's ruining people's

4:42brains and everything and if you want to

4:46sacrifice one of the easiest places to

4:48grab a lot from is bloody phone time

4:50just looking at that thing and checking

4:53that thing and using that thing and a

4:57what you should do if you've got an

4:59iPhone or an Android just turned on like

5:00that screen time it'll just calculate it

5:03in the background

5:04I made edit at the New York mastermind I

5:07made people do it and I it had already

5:10been tracking them and I looked at some

5:11people's some people have five hours

5:15these are people in the mastermind five

5:18hours on a [ __ ] up phone that's kind

5:23of sad there's a lot of life you know

5:26like for what so if you're spending any

5:31more than honestly like 40 minutes on

5:34your phone and you can tell you don't

5:37this isn't like a subjective OMI it's

5:39like another phone tells you like if

5:41you're spending more than 40 minutes on

5:43that thing that is a place to get some

5:48to take some from this is an easy spot

5:50if the two places where you get a lot

5:53from where is a few phone social media

6:00and food those are probably the three

6:06best or alcohol if you drink alcohol

6:09either they're Rob's massive time

6:11because it's not just the going out and

6:13the doing of it

6:14it's the consequences that come from the

6:16doing of it so it is this is a long

6:18half-life you know it can be like you do

6:21the ACT you pay for a week so there's a

6:24long tail to it so it's really not good

6:29but we'll go through some of the things

6:31that you can sacrifice because I know a

6:35lot of them because I'm constantly

6:37looking

6:38and finding them in sacrificing them and

6:42the KY we're gonna start here is because

6:46to do this you need time energy

6:50attention to build anything good takes

6:52time and you have to try and you have to

6:55care like there's no one that does

6:58things without that if they if you do

7:00something without those ingredients it

7:02will just be [ __ ] it might might you

7:05might build it but everyone's gonna look

7:07at it and just be like yuck and you

7:10can't build any business off that so

7:15we're gonna start here free up time

7:18energy focus so then we can build these

7:22other things so we'll get to it I'm just

7:29going to take a photo of this so that I

7:34remember as we go through

8:23so the best way to the argument for this

8:27and why this is important is because we

8:34can't build things or do anything

8:37without action an action requires time

8:42and energy we can't get that from any

8:47other thing other than our human body

8:49and our human body can't perform

8:52concurrent operations or be replicated

8:56so you act you are actually their true

8:59constraint of being a human is time and

9:03energy those are basically the two thing

9:06that's what life is energy over time

9:10that's that's all you have and so where

9:14you put it determines what you get and

9:17what's interesting to me is that there

9:20are every human has the same amount of

9:22energy and time like give or take

9:24different life spans but on average

9:26write it so that's like normally

9:29distributed you don't see an exponential

9:33curve with distribution of time and

9:35energy and focus but when you look at

9:38the results people get it is anything

9:41but normal

9:42it is the most skewed distribution curve

9:46you've ever seen in your entire life

9:47there are people that have

9:49trillion-dollar companies and there are

9:51people who have no company all right

9:56compare that to the time they stood the

9:59human beings the to the to humans

10:02variables in this equation they are the

10:04same they trade the same thing they eat

10:09the same they eat slightly different

10:11things probably but they're still eating

10:12organic materials they're still

10:15functioning is a organism

10:18there's no AI robot see it so there's no

10:24I like things I like understanding

10:27things that you just absolutely know a

10:28true and then we can work from from

10:31there right so that when you understand

10:33that it

10:34makes you think differently about what

10:36you choose to do because you can't get

10:39it back like you could choose to grow a

10:42YouTube channel right sure that'd be

10:44great I'd like to have a YouTube channel

10:45like Casey Neistat or something

10:48but that dude is to trade his life for

10:50that

10:51that's his life's work he doesn't have

10:55other things you know I mean and so you

10:59could also build YouTube there's a

11:03platform right but you can't do there

11:05MBK shoenice it you can't you can't do

11:09like everything so you have to pick you

11:11have to very carefully pick your battles

11:13and not the worst thing you can do is

11:15like not choose something not commit to

11:18something or try to do lots of things

11:21all of these things are wrong the best

11:24thing you can do is choose the right

11:26thing and stay on that thing for your

11:30life yeah so this is where we get into

11:34sacrifice so how do we determine what we

11:38sacrifice always comes back to this so

11:48these two types of if we're here

11:59we're here and then the goal is here

12:05then this thing here what's a good thing

12:11for an action we'll just call it an

12:13action I'll define this as X action then

12:27you want to this is how I measure the

12:29things and decide what to sacrifice and

12:32what not to sacrifice so if I combine

12:34this each section with now does it make

12:39progress towards goal what does it make

12:42no difference

12:43or does it regress regression regression

12:47is away from goal right now you can't

12:49even start to do the sort of reasoning

12:51until you actually define that so that's

12:52why we started here because you can't

12:55optimize variables to be efficient at

12:58achieving anything or everything that

13:02doesn't work you can only optimize it's

13:04like it can think of this as a

13:05conversion pixel or convert custom

13:08conversion right this is exactly what it

13:11is this is how machine learning

13:13algorithms work and they know how to

13:15target and narrow down and optimize

13:17because you sit the thing that you want

13:20you load it with the variables that it

13:23is to shuffle and optimize and then it

13:25gets to work shuffling the best

13:26combination of variables to achieve that

13:28result that's what it does that if you

13:32have really cleaned thinking that's what

13:34you can do with your brain actually

13:35better than that algorithm so you have

13:41to state the goal you don't launch your

13:42Facebook Ads campaign and it's like

13:44what's the goal the conversion event

13:46you're like don't know it I don't know

13:49what would happen probably nothing

13:55so we've already done the goal we know

13:58where we are now then we have to ask

14:00ourselves does this action get us there

14:03so to use like some real basic examples

14:06like does drinking 20 beers and being

14:12hungover for a week get me closer

14:15towards a million dollars a month does

14:23it does it get me just the same here

14:31pretty bad regression and then it even

14:36has second-order consequences we are

14:38like now I'm depressed that that's what

14:40I did and I know I didn't want to do

14:42that so now I'm beating myself up so now

14:44I'm getting sick and third for thought

14:46of consequences right so now I'm really

14:48getting [ __ ] for my decision and you

14:52have to learn to look at your decisions

14:54like this they're not just those

14:56immediate isolated things they have

14:58second third fourth order consequences

15:00all the way down and when you start to

15:04look at things clearly like going out

15:06and getting drunk and being hungover and

15:07what the real cost of that is you won't

15:10you won't do it anymore

15:14maybe in this you're an alcoholic in

15:17which case you would need to find you

15:22need to change your environment if you

15:24if your friends always take like big you

15:27on I don't think I could have been this

15:28rational and had enough willpower to not

15:31drink in my old environment because it

15:34was so engrained plus New Zealand

15:35culture is all about drinking too and so

15:41yeah when you really look at this

15:43seriously and you think this is really

15:46important then sometimes it takes

15:47extreme measures to change it not just

15:50willpower but changing your environment

15:53another one is spending five hours on

15:56your phone steering mindlessly into

15:59photos of other people eating ice cream

16:01and kissing babies and [ __ ] like that

16:06does that get us closer towards the goal

16:10nope so you see how to do this thing

16:18it's pretty easy it's now it's most

16:23people are quite unaware of what we

16:26their time goes because we know how to

16:30evaluate with a thing we do is should be

16:33done or not done right but how do we

16:37know what things we do so that we can

16:39actually choose which things to

16:41eliminate so he actually needed you need

16:44to take a baseline and you need to know

16:46where your time currently goes and I

16:49pretty much do this at every single

16:50event but the exercise is just called

16:54100 units of time and it's very simple

16:57you just want to set a like an alarm on

17:03your phone or a pedal arm for like every

17:0430 minutes every hour you want have a

17:07notebook next to like a one the ones

17:09that we handed out you need type a

17:10notebook and then every 30 minutes or

17:12every hour just write down what you did

17:15what were you doing and you've got to be

17:17totally honest for it so if you were

17:19looking at Facebook don't say that you

17:21would like doing sales calls because a

17:24lot of the stuff we talked about

17:25requires people to be honest with

17:28themselves in pretty much everything and

17:30so really record down where it goes and

17:34then do that for seven days and don't

17:37change what you do for those seven days

17:40to try and make it look better you'll

17:42get the best results if you just truly

17:44do what you normally do and you just

17:46anyway just recording it to just get a

17:48baseline kind of like a blood test you

17:51know just take a measurement of it and

17:53then once you've done that for seven

17:55days you want to then take all of those

18:01objects that you've that you've spent

18:03time on and you want to categorize them

18:07so you can create a category like let's

18:10say you watched Game of Thrones one

18:13night on Netflix then you watched I

18:15don't know what other shows there are on

18:17actually Game of Thrones isn't even on

18:18Netflix is it I'm just going to make up

18:21some stuff so

18:22see watch Game of Thrones on the it

18:23flicks for a few nights and then you

18:25watch some other show on Netflix and

18:27then you might some other show on

18:28Netflix we could just create a category

18:30called Netflix right and then if you

18:33were doing email but to all of these

18:35different people sometimes reading

18:37sometimes replying you could just

18:38categorize this as email you get what

18:41I'm saying

18:42so that we can create some categories

18:44that encapsulate these different objects

18:48and then you want to add up the time

18:50total for each category so if I watched

18:53nine episodes on Netflix each one hour

18:56the Netflix category would have nine

18:59hours total now we can see where our

19:02time goes on a week into these different

19:06activities now you're not just recording

19:08your time during work hours

19:10it's or it's all of the time except for

19:13the time you're asleep because when you

19:16wake up you can write down how long that

19:18was because you want to know personal

19:21life and business life it's all the same

19:23thing really it's life and a lot of a

19:28lot of business winds come from personal

19:29life a lot of personal life winds come

19:31from business like these two were like

19:33synonymous that you you measure both and

19:39then you can work out the total amount

19:42of time so you take up all the

19:44categories summit you see it was I don't

19:47know hundred hours now if Netflix was

19:50nine hours in the total time I recorded

19:53was 100 then that would be that would be

19:58nine percent so then assign a percentage

20:02category to each one right now you

20:05actually have a good snapshot of the

20:08where your time goes on a percentage

20:10basis make sense nothing will be more

20:17enlightening to a human than doing the

20:20exercise because time is a blur it's

20:24like a concept and it's if you don't

20:27measure the thing and you don't actually

20:29record it and track it like it's it's an

20:32unknowing thing it's just

20:34it's an it's like it's like a human

20:38being before they actually knew how

20:41human anatomy worked back in like da

20:51Vinci's era right he was one of the

20:53first people to dissect the human body

20:54and actually see that the heart was here

20:57and that it pumped blood around people

20:59at that time thought that your head was

21:02a cooling mechanism for blood

21:04it was just cooler because you can see

21:06how they've probably got hot when

21:08they'll moving and in their face felt

21:10cold when it was sweating so they're

21:12probably like ah okay

21:13cooler blood cooler people were totally

21:18unaware they had no damn idea what was

21:20going on they didn't know her brain was

21:21in there and that their brain thought we

21:24had synapses in it or neurons so when

21:27something's unaware you truly have no

21:29[ __ ] idea in time and where people

21:34spend their time is the same it's

21:37totally like that people have no idea so

21:40you want to take something that you have

21:43no awareness of and make it very aware

21:45and that's how you that you have to do

21:47that first before you can make any type

21:48of change because until you make the

21:51unconscious conscious it'll dictate your

21:54life and you will call it fate so here

21:59we're making it conscious make sense

22:26yes so you do it you do it like you this

22:31isn't to do once done forever thing life

22:35changes your job your responsibilities

22:37change like or everything changes so you

22:39have to do this every now and then like

22:42I would probably recommend doing it like

22:44once every month or once every two

22:47months because things change like there

22:51was a point in time where I was doing a

22:53customer interview pretty much every day

22:54and I was doing Instagram stories every

22:57day I was releasing like a blog post and

22:59I was doing like all of this other stuff

23:02Q&A is for all of these different

23:04programs and then and it was fine and it

23:06was working fine for a few months like

23:08maybe even six months but then it got to

23:11a point where I needed to do other

23:13things that were important and I

23:15couldn't do with him because I had no

23:17damn time energy or attention left and

23:20so I had to perform this exercise and

23:23some things had to get cut like

23:28Instagram stories great decision and

23:33customer interviews delegated them to

23:35net causa right right to asius so that

23:42answers your question right like you

23:44measure the baseline and then you know

23:46what to change to be more efficient in

23:47that environment but when things change

23:50later you'll need to do it again because

23:53you whenever you need to add something

23:55or do another project that demands a lot

23:57you have to free up stuff mostly time in

24:02attention and energy and this is when

24:04you do this exercise right whenever you

24:07need attention and focus and you don't

24:10seem to have it this is the exercise

24:12because you can't really do a shitload

24:15of stuff and then just like try and

24:16willpower out some more attention it

24:19doesn't work you have to

24:26cut some things and I can tell you that

24:29works really well nothing actually works

24:32as well as there and the best people in

24:35the world at their different things they

24:36know that and they're real good at doing

24:38that like you see Leonardo DiCaprio use

24:41social media you see him do interviews

24:47see him do anything but a really [ __ ]

24:49good movie no that dude keeps the main

24:54thing the main thing the best basketball

24:57players in the world and the ones with

25:00the most followers on Instagram or the

25:02best YouTube channels they just [ __ ]

25:04win winning speaks louder than photos

25:10and likes and [ __ ] like that

25:21so that exercise is what you should do

25:24when you get home but you need seven

25:27days to do it we don't have seven so we

25:30need to hypothetically do this for the

25:34past seven days so that we can actually

25:36see what places people are putting their

25:38time so that we can because what will

25:41happen is immediately once you see these

25:43things there's going to be a lot of

25:46emotional attachment to them because

25:49you're doing them and when I say you've

25:51got to cut them people are going to be

25:53crying so we've got to go through that

25:56now to show you how we can rationalize

26:00these different things because otherwise

26:01you'll see the thing and you'll justify

26:04it to yourself I need to keep doing this

26:05Instagram story thing but you don't so

26:10think about the past seven days I'll

26:12give you a couple of minutes right now

26:13and just write down roughly we you think

26:16most of your time goes is it like

26:18strategy sessions watching TV drinking

26:23partying traveling like just write down

26:32percentages of we you think your time

26:34goes and you should have a pretty good

26:37idea

26:50I thought you were the one that did the

26:54work at the company you said you did all

26:59the work at the company so why aren't

27:01you writing it down write it down

27:11there's no end to optimization the best

27:17optimizations are the ones when you

27:19swear you're as efficient as you can

27:20possibly get and then you still throw

27:22out 80% of the [ __ ] you're doing that's

27:25when you're getting into the good stuff

27:27when you're already efficient and now

27:29we're getting rid of some stuff that's

27:31how you go mmm because then you're

27:38trading winners for better winners

27:40because you might remove wasteful things

27:43so you've now got mostly constructive

27:45things but now we're sacrificing less

27:47constructive things for more

27:48constructive things you see what I mean

27:50it's not just a game of removing dumb

27:52things

27:53it's then becomes a game of removing

27:56less smart things for more smart things

27:58yeah

28:15I'm just going to grab a la croix while

28:16you guys write down these things

28:24you

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