What do you see?
That Money = Forfeit x Time ?
Or, that Time = Money/Cost ?
Most of us routinely push through the weekdays while we wait for the next weekend to roll around, giving us a moment to segregate how we spend and enjoy our time. For those who are merely working to pay the bills, 71% of every week is a total write-off. It’s a sad statistic. What keeps us spending an unshortened life stuck in this funk?
Naturally, we tideway life with the view that money comes first, and at a uncontrived personal trade off, equal to this standard work-life formula:
Money = Forfeit x Time
Whether it’s working uneaten weekend shifts or moving your way up the visitor ladder, with increasingly money comes greater personal cost: increasingly energy stuff drained, increasingly opportunity financing stuff lost, increasingly obligations to fulfill — in wing to increasingly quality time stuff given up. Overall, a piece of our life must be sacrificed. But that’s the price we must pay for money, right?
We believe that to be “richer” we need increasingly money. And if we need increasingly money, we must expect to pay a higher forfeit and trade increasingly of our precious time! What we often seek is a job promotion to raise our income by a few uneaten dollars a week. Oh… and let’s moreover raise those overtime hours, weekend call-ins, daily responsibilities, pressures and stresses withal with it! Increasingly money? Yes. A richer life? Hardly.
Unfortunately, most of us never see otherwise. From our grandparents to our parents to us, this is all we have overly known well-nigh the wits of life. Could there be any other way to tideway The Money Game?
Money vs Real Financial Success
There is unmistakably a connection between having increasingly money and potentially gaining increasingly value out of life. But as we all know, a richer life is never specified by money alone. Considering what well-nigh the cost of money?
All money comes in context, and for every dollar of potential value that we proceeds there must be some personal forfeit involved. Obviously, not all money comes at an equal cost. Therefore, real financial success cannot simply be based on stuff a millionaire or a billionaire.
The millionaire who is stuck working a job he hates for 10 hours a day is unmistakably less successful that the millionaire who could stop working the job he hated 10 years ago. And, of course, the millionaire who made his fortune doing what he loves really hit life’s jackpot! Same money but all variegated levels of personal success.
Even if you manage to penny-pinch a BILLION dollars to your name, this money has little value if you must spend your unshortened life trapped in some airtight, corporate box. This big pile of money is little increasingly than a big pile of stress and sacrifices! So, what is financial success, really? It is not specified by the number in your wall worth or the car you drive, but ultimately by the effect that money has on the quality of your life.
Forget well-nigh the “big bucks” considering real wealth and success are simply well-nigh experiencing a life with greater positives and fewer negatives. Therefore, money should have one purpose: to add positive value to our lives. So how can we start to view our finances in a way that reflects what we really want in life?
One Formula to Rule Them All
To wits real financial success, our aim for the future is not to simply focus on money, but to instead focus on time. Of course, when it comes to the value of our time, money plays a crucial role. So, what is the connection between money, time and real financial success?
Real financial success is having the money and lifestyle to spend increasingly time doing what you truly want, while spending less time having to fuss and fight over money and be paying all the personal financing that often come with it. Yet, why do so many of us ventilator money without overly experiencing any greater sense of self-rule and satisfaction? Considering real financial success is only possible for those with a totally variegated perspective on life! What is this perspective?
To transpiration our future finances and lifestyle for the better, it starts with taking life’s standard formula: Money = Forfeit x Time and flipping our natural view. It’s now time to see that: Time = Money/Cost
As you can see, the value of your time is equal to your money divided by your life financing – simply, all the negatives that revolve virtually getting money. With little money the value of your time unmistakably suffers. And when earning increasingly money at a much higher personal cost, unfortunately life doesn’t get much better! However, when we tideway life with the aim to increase our money AND subtract our cost, what do you get? Increasingly valuable time!
Forget well-nigh money alone, considering the richer you really are, the greater the value of your time. This imbalance between money and cost is the key to experiencing real financial success.
The “Average Joe” may believe that frugal investors are wearisome cheapskates who don’t know how to enjoy their money. But what do they often goof to see? As Henry David Thoreau once said: “The price of anything is the value of life you mart for it”. The true forfeit of every purchase is not a number
on a price tag, but rather, a period of time spent working. Some might plane say a period of time wasted.
Yes, time is money and money is time. Every expense equals an value of our life stuff exchanged…or lost! After considering our uncounted living costs, taxes and plane our unpaid overtime and daily commute, what remains is the real, take-home profit that we can freely use. We undeniability this our “real pay rate”, which for the stereotype earner may only equal a few measly dollars for each hour given up on the job. So what is that lazy, Friday night supplies wordage really costing you?
The Price of Life
In the wise and misquoted words of Benjamin Franklin: “a dollar saved is a dollar earned”. Every time you save a dollar you earn yourself a dollar (at your real pay rate), literally for doing nothing. And for the smart investor, this saved dollar is just the beginning! Through the nature of passive income and the power of recipe growth, every dollar that is saved and invested has the potential to make increasingly money wideness the future at a low personal cost. Thus, the imbalance of real wealth for the smart investor continues to shift as their money grows.
Consequently, by spending half of your removable income this week, what you are really spending is half a week of time today and potentially MONTHS of your time in the future! Plane small improvements in your daily routine can have a massive impact on your future money and life. By lamister unnecessary spending you requite yourself the opportunity to build increasingly future wealth, and therefore, reduce the value of your valuable life time that is lost on a routine basis.
Time is Of the Essence
Money is unmistakably what fuels the journey of life. But is your plan to spend the unshortened journey stuck at the gas station, refilling your tank? If you’re truly ambitious, life can often finger like a race versus the clock. Like you, most frugal investors have a million and one things to tick off their skillet list. And of course, doing paperwork in an office cubicle is not one of them!
Our true aim for the future can only be to maximize the value of our “life time” that we spend in a way that we consider most personally valuable. So why not fight for your financial freedom? Remember, Time = Money/Cost. The aim of real financial success is to uplift the value of your time in life by thoughtfully maximizing your money whilst minimizing your costs. And it takes a natural focus in life towards:
- Making money doing what you truly enjoy
- Creating passive income
Think well-nigh the lifestyle of someone who is truly financially successful. They are paid from their passions while their money is making money at little personal cost: thereby giving them much greater satisfaction, self-rule and opportunity to proceeds increasingly value out of life — the total sum of their time! All money has lifelong potential, and those who are on the path to real financial success recognize the value of every dollar…and every day.
This is the secret to real financial success!