Summary
Highlights
Alex Hormozi introduces the concept of investing money to gain back time, specifically seven investments that can save one week per month. He emphasizes that this strategy is for anyone with more dollars than time, even those earning as little as $15 an hour, allowing them to reinvest the saved time into increasing their skill set.
Outsourcing meal preparation, whether through Uber Eats or pre-made meals, can save 13.5 hours per week on tasks like grocery shopping, meal planning, cooking, cleaning, and portioning. This costs approximately $750 monthly and offers additional benefits like improved health and fitness.
Utilizing a drop-off laundry service can save 4 hours per week (16 hours per month), costing around $60-$80 monthly. This eliminates the time spent sorting, washing, drying, folding, and putting away clothes, a task most people dislike.
Hiring a house cleaner saves 6-7 hours weekly (26 hours per month) from deep cleaning and tidying up. This investment, costing $200-$300 monthly, is beneficial for those who find cleaning tedious and allows for more productive use of that time.
Investing in blackout curtains, earplugs, and potentially a cooling mattress significantly improves sleep quality. While it doesn't directly save hours, it boosts productivity per hour, leading to better decision-making, mood, and energy, with an initial cost for long-term benefits.
Outsourcing landscaping (mowing, weeding, gutter cleaning) can save approximately 8 hours per month. This service costs around $300 monthly, offering time back that many find unfulfilling, though the dollar-per-hour saving decreases compared to earlier investments.
For those earning over $50 an hour, using ride-sharing services like Uber or future autonomous taxis can transform commuting time into productive work time. This can save 30-50 hours monthly, costing $600-$1000, allowing individuals to work, tweet, or manage communications during travel.
Opting for semi-private flights (e.g., JSX) saves significant travel time by bypassing TSA and security checks, turning travel days into productive work time. While more expensive than commercial flights (around $1000/month on top of regular travel costs), it offers considerable time savings, especially for frequent travelers.
By implementing all these suggestions, one can reclaim an entire week every month. The total monthly cost ranges from $2000-$3100, depending on travel. Hormozi recommends this order of investment to maximize return on time, asserting that outsourcing 'humaning' activities allows for greater focus on achieving goals and effectively doubling one's productive time.