Episode Details

What is the most important currency when assessing whether or not we're doing the right things or making really good decisions in the business? Time, energy, focus, cash, or effort? It's not money, but time that is limited and scarce.

Property management growth expert and founder/CEO of DoorGrow, Jason Hull talks about the five currencies for property management entrepreneurs. It is a concept that he was taught by his mentor, Alex Charfen.

[01:50] Five Currencies: Time, energy, focus, cash, and effort.

[02:58] #1 Currency: Time - most important commodity.

[04:44] #2 Currency: Energy - some things give us energy and others drain us.

[06:19] #3 Currency: Focus/attention - whatever you focus on tends to grow.

[08:10] #4 Currency: Cash/money - Buy back more of your time and other currencies.

[08:41] Four Reasons: Fulfillment, freedom, contribution, and support.

[09:15] Six Core Functions of business. Which function is your weakest?

[09:48] #5 Currency: Effort - put in more than anyone else; your results are assured.

[11:20] Currencies: Assess and evaluate yourself related to the five currencies.

"We trade money in order to get back some of our own time."

"Do less and less of the things that drain you and do more of things that give you energy. You only have so much energy in a day."

Focused Equals Power: "The more focus you have, the more power you'll have, which means you can go faster."

"If we have enough cash, we can buy other people's time and get more of our time back."

DoorGrow and Scale Mastermind

DoorGrow Academy

DoorGrow on YouTube

DoorGrowClub

DoorGrowLive

Alex Charfen

10X by Grant Cardone

Welcome, DoorGrow Hackers, to the DoorGrowShow. If you are a property management entrepreneur that wants to add doors, make a difference, increase revenue, help others, impact lives, and you are interested in growing your business and life, and you are open to doing things a bit differently, then you are a DoorGrow Hacker.

DoorGrow Hackers love the opportunities, daily variety, unique challenges, and freedom that property management brings. Many in real estate think you're crazy for doing it, you think they're crazy for not because you realize that property management is the ultimate high-trust gateway to real estate deals, relationships, and residual income.

At DoorGrow, we are on a mission to transform property management business owners and their businesses. We want to transform the industry, eliminate the BS, build awareness, change perception, expand the market, and help the best property management entrepreneurs win. I'm your host, property management growth expert, Jason Hull, the founder and CEO of DoorGrow. Now, let's get into the show.

My topic today is we're going to chat about the five currencies. This is a concept that I was taught by one of my mentors, Alex Charvin. He would probably explain it differently and he has a great podcast, by the way, for entrepreneurs. It's (I think) really validating for us as entrepreneurs. I really look up to Alex. He's a mentor that really helped me take my life and business to another level, which is a goal I aspire to do with all my clients.

This is something that I was taught by Alex. These currencies—write them down; these are one through five—I like them in this order. This is just how I've always set them and how I like them. This is probably not his order but tim