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The Franklin Covey planner system aids in task prioritization and daily planning, particularly for those who struggle to start tasks or determine which ones to tackle first. The speaker, who resonates with this system as much as the GTD method, discusses how it complements GTD by enhancing daily organization. In the video, they will outline what the Franklin Covey system is, how to implement it in your planner, and how it can supplement the GTD method. While the speaker is not an expert, they encourage viewers to check the provided resources and products linked in the description for further guidance on effective time management and prioritization.