In this episode, Taylor Welch and Mike Walker discuss the concept of “permission to be wealthy” – giving yourself permission to do less and focus on only the most high-leverage activities. They talk about the process of subtraction and elimination as the path to growth and acceleration. This involves cutting out not just bad activities, but even good activities that aren’t the absolute highest leverage. They provide examples from their own businesses of assessing projects through impact, confidence and effort scores.

Taylor and Mike emphasize being careful not to eliminate activities that bring you joy and energy. While you can delegate or automate many tasks, you still want to keep engaged in the parts of your business you’re passionate about. They warn against entirely replacing yourself or existing your business just for the sake of freeing up time. Instead, focus on buying back time only for the activities you dislike so you can immerse yourself in what you love.

Overall, Mike and Taylor provide a thoughtful dialogue around giving yourself permission to focus your time and energy only on your unique genius and the highest leverage activities. But they balance this with the caution not to over-optimize and end up eliminating the parts of your work and life that provide meaning and happiness.

Our #1 goal at The Wealthy Consultant is bringing consistent value to the marketplace. It’s the driving force behind everything we do. If you have extracted value from this podcast episode, or any of our other episodes of Wealthy Consultant Talks, the best way you can show some love is by dropping a review and rating on Apple Podcasts.

Simply click on this link, scroll to the bottom, give a 5-star rating and then click on “Write a Review”. Then let us know what you learned and how it impacts your business! We value your feedback.