Tim Ferriss Quotes

I find that many entrepreneurs are trying to do everything when it would be cheaper and more time-efficient to delegate, even if there are monetary costs associated with that.

True economy means the wisest expenditure of what we have, everything considered, looking at it from the broadest standpoint. It is not a good thing to save a nickel at the expenditure of twenty-five cents' worth of time.

Weighing benefits against costs is the way most people make decisions - and the way most businesses make decisions, if they want to stay in business. Only in government is any benefit, however small, considered to be worth any cost, however large.

I am an economic person; I judge the amount of work involved with the amount of worth attained.

Every hour of lost time is a chance of future misfortune.

Our costliest expenditure is time.

To be efficient means getting the job done in a smart, resourceful and timely way. To be effective means getting the right job done well, efficiently or not.

Everybody has 24 hours and the question is, what do you do with your 24 hours? That's what makes everybody equal.

In economics, one of the most important concepts is 'opportunity cost' - the idea that once you spend your money on something, you can't spend it again on something else.

Time is money. Wasted time means wasted money means trouble.

You do not build your own houses, nor make your own garments, nor bake your own bread, simply because you know that if you were to attempt all these things they would all be more or less ill done.

The law of diminishing returns is something I really believe in.

Productivity - the amount of output delivered per hour of work in the economy - is often viewed as the engine of progress in modern capitalist economies. Output is everything. Time is money. The quest for increased productivity occupies reams of academic literature and haunts the waking hours of C.E.O.s and finance ministers.

You’re putting in the same number of hours a week but we are just repackaging it more efficiently.

Throwing money after security turns out to be a classic example of the law of diminishing marginal utility.

If a foreign country can make a good cheaper than we can better buy it from them.

When you're on set, and that clock is going, every second you spend doing something is a second you spend not doing something else. That's true of all of life, but it's very vivid on a film set because you're always managing that.

The obvious rule of efficiency is you don't want to spend more time organizing than it's worth.

If you see something that doesn't make sense, ask. Change it. Think about dollars, think about your soldiers' time, think about efficiency.

One can only forget about time by making use of it.

I want to work, but I certainly am not going to be clawing at empty things when I can completely fill up my bucket with them - the other is a waste of my time.

Make use of time, let not advantage slip.

Your time as the entrepreneur is worth hundreds of dollars an hour. If you are doing tasks you could hire out, those are stopping you from earning that kind of money.

You cannot grow more hours in the day. However, you can make better use of those hours.

There is no shortage of time. In fact, we are positively awash with it. We only make good use of 20 per cent of our time.... The 80/20 principle says that if we doubled our time on the top 20% of activities, we could work a two-day week and achieve 60 per cent more than now.