Really, the key to this system is the 18 minutes. He encourages you to take five minutes in the morning to review your focus areas and put the activities of the day in the right categories. Then every hour he encourages you to set an alarm and take one minute to reflect. He suggests these questions:
Have you used this hour in keeping with your goals?
Have you been the kind of person you want to be?
Honestly, I would add in the habit of aspiration prayers, something I am just beginning to learn about. Then at the end of the day you take another five minutes to review your day and maybe start a list for the next day. Simple idea but could be a great habit to form.
How does this relate to the Daily Five? The Daily Five is meant to help school teachers cover the basics of language arts - regardless of the particular curricula they are using. Instead of focusing on definite goals - a certain number of pages read or words written - it is more about the process of doing activities daily that support literacy and communication. The five areas are:
Read to Self
Read to Others
Listen to reading
Work on Writing
Simple, right. You probably already do these things. However, sometimes it helps to have categories and a structure to work with. Now, as with most things, a whole industry has grown up around these ideas. You can take what you will from that.
If you are focusing on developing reading and communication skills the Daily Five might be a useful way to think about it with your children. It provides a common vocabulary that can be used across curricula and programs so that you and they are thinking about essential skills. You can ask your kids "What type of word work did you do today?" (typically something spelling related but maybe not). It can also help you include games, random things that happen and life if your state requires a more structured approach to what you are doing at home.