My First Million
The best business ideas come from noticing what's working and doing it better, faster, or for a different audience.
Dollar Per Hour Decision Making
Evaluate all time-based decisions through the lens of true hourly value, factoring in post-tax income and total time investment including opportunity costs
Decision Rule
If an activity generates less than your target dollar-per-hour rate (factoring in taxes and true time cost), delegate it, eliminate it, or systematize it
How It Works
Calculate your true hourly rate from highest-value activities (post-tax), then ruthlessly eliminate or delegate anything below this threshold. This forces focus on highest-leverage activities and prevents successful people from wasting time on low-value tasks.
Failure Modes
Forgetting to factor in taxes and full time costs
Applying too rigidly to relationship or health activities
Not updating rate as wealth/skills increase
Ignoring activities that build future earning capacity
Example Decision
“Rob won't return a $100 blender to save money because his time is worth far more than $100/hour. Instead, he focuses that time on ventures or family activities that generate more value.”