“The man who can manage men, who can only manage things, but the man who can manage money, manage all.”- if you can only manage things (manage machines- you’ll make less money than if you manage the people who manage those machines), but investors have the most money.
Learn how to manage other people, and after that learn how to manage money. Everybody needs to learn that, wherever you find yourself, your ability to form allies, groups and put yourself sometimes in charge or below somebody who’s in charge, yet you will always find yourself in a place where there’s a need for management, and it will be most important.
We can use inversion; how do you make people not do certain things?
At every turn, you will have to manage people to treat you in a certain way. Controlling people in a positive way so they make an outcome that you want to happen.
Delegating to Shalini (business books are big on getting an idea and getting other people to do everything, but that’s not how it works- most of these people had an active role in their idea.)
If someone does something to you that’s bad, then the first time its shame on them, but if it happens twice, it’s shame on you (if you don’t manage the situation if it’s not in your best interest).
You will be poor if you want to spend 4 hours/week working, and other times waste on the beach while you leave work to other people.
Shalini was an outsourced worker, if you just leave her to do the work, she will probably take advantage, you have been there and get some opinions first, have a little bit of knowledge and insight first.
Change the oil one time, you don’t have to master anything, but know generally how it works.
If you’re going to live in a house, do the chores by yourself first, on a farm everybody knows how to do almost anything there.
This only applies to things that are important, that you do often and are integral to your life’s success. You can still go to a doctor, you can open up a book, and understand a few things, so you’re not delegating to Shalini (to people who have their own interests). No one has that much interest in you as yourself, don’t expect that from other people.
You need to know that if somebody needs 40 hours for a 5-hour project, something is going wrong.
Don’t micromanage; at every moment telling everyone what to do, but do like Walton did, look over the shoulder; let people work, but every once in a while peek over that, and have a general understanding, so you know what you’re looking at. “Trust, but verify.”
“You get paid in proportion to the difficulty of the problems you’re solving.” Every above average individual wants to rise above, and it’s not that hard if you know a little bit about everything around you. Take an hour to learn about bathroom replacement, fixing cars… Don’t act like an expert, that’s an air of the “militant”; knowing just enough to be dangerous.
What is a nightmare story where you delegated something and didn’t look over the delegated person’s shoulder?
What are some things that you need to build basically everyday life knowledge in?
In your primary career, what is something you are delegating without enough knowledge? And you are going to commit to getting more knowledge?