What do you see?
that Pennies = cost x time ?
or that Time = money / cost ?
Most of us regularly attend to weekdays while we wait for next weekend to roll around, giving us a moment to choose how we spend and enjoy our time. For those who are working only to pay bills, 71 per cent of the total write-off is each week. This is a sad statistic. What is it that keeps us trapped in this stink and spends our whole life?
Naturally, we look at life from the point of view that money comes first, and directly on personal trade-offs, according to this standard work-life formula:
money = cost x time
Whether it’s working extra weekend shifts or working your way up the company ladder, with more money comes greater personal costs: more energy expended, loss of more opportunity costs, more obligations to meet. For – in addition to giving up more quality time. Overall, a piece of our life should be sacrificed. But that’s the price we have to pay for money, isn’t it?
We believe that to be “rich” we need more money. And if we need more money, we should expect to pay higher cost and trade more of our precious time! We often seek job promotions to increase our income by a few extra dollars per week. Oh… and along with it add to those overtime hours, weekend call-ins, daily responsibilities, pressures and stresses! more money? Yes. a prosperous life? hardly.
Unfortunately, most of us never see otherwise. This is what we know about life experience, from our grandparents to our parents. Is there any other way to get in touch money game?
money vs real financial success
There is clearly a correlation between having more money and potentially getting more value out of life. But as we all know, a prosperous life is never defined only by money. because what about Cost of money?
All money comes in context, and for every dollar of potential value we get, there must be some individual cost involved. Obviously, not all money comes at the same price. Therefore, Real Financial success cannot be based solely on being a millionaire or billionaire.
A millionaire who is stuck in a job he hates for 10 hours a day is markedly less successful than the millionaire who can stop working the job he hated 10 years ago. And, of course, the millionaire who made his fortune by doing the work of his choice really hit the jackpot of life! Same money but all different levels of personal success.
Even if you manage to amass a billion dollars in your name, this money is of little value if you had to spend the rest of your life trapped in an airtight, corporate box. This big pile of money is only a little bigger than a big pile of stress and sacrifice! So, what is financial success, Really? It is not defined by your bank account or the number of cars you drive, but ultimately by the effect of money on your quality of life.
Forget about the “big bucks” because real money and success is just about experiencing a more positive and less negative life. Therefore, money must have a purpose: to add positive value to our lives. So how can we start looking at our finances in a way that reflects what we really want in life?
One formula to rule them all
In order to experience real financial success, our aim for the future is not to focus solely on money, but to focus instead on Time. Of course, when it comes to the value of our time, money plays an important role. So, what is the relationship between money, time, and actual financial success?
Real financial success consists of having the money and lifestyle you really want and spending more time pursuing, while spending less time fighting money and often paying for all the personal costs that come with it. Yet, why do so many of us pursue money without experiencing any great sense of freedom and satisfaction? Because real financial success is only possible for those who have a completely different outlook on life! What is this approach?
To improve our future finances and lifestyle, it starts with adopting the standard formula of life: money = cost x time And reversing our natural approach. Now it’s time to watch: time = money / cost
As you can see, the value of your time is equal to your money divided by the cost of your life – simply, all the negatives that revolve around getting money. A little money clearly affects the value of your time. And when more money is made at a much higher personal cost, unfortunately life doesn’t get much better! However, when we approach life with the aim of enhancing our Pennies and reduce our Cost, what do you get? more valuable Time!
Forget about money alone, because the richer you are Really Yes, the more your time is worth. this imbalance between Pennies And Cost The key is to experience real financial success.
“The rich invest in time. The poor invest in money” – Warren Buffett
The “average Joe” might believe that frugal investors are boring cheap cheap skates who don’t know how to enjoy their money. But what do they often fail to see? As Henry David Thoreau once said: “The cost of anything is the amount of life it replaces”. The actual cost of each purchase is not a number
At a price tag, rather, the time it takes to get the job done. Some may also say a period of time Ruined.
Yes, time is money and money is time. Every expense is equal to the amount of exchange of our lives… or is lost! After considering our endless costs of living, taxes, and even our unpaid overtime and daily commute, all that’s left is real, take-home benefits that we can use freely. We call this our “real pay rate,” which stands for the average earner. Each hour left on the job may amount to only a few dollars. So what is that laziness, Friday night food delivery Really cost you?
cost of life
In the wise and wrong words of Benjamin Franklin: “Saving a dollar is earning a dollar”. Every time you save a dollar you earn yourself a dollar (at your actual pay rate), with literally nothing to do. And for the smart investor, this remaining dollar is just the beginning! Through the nature of passive income and the power of compound growth, every dollar saved and invested has the potential to make more money in the future at a lower personal cost. Thus, the real wealth imbalance for the smart investor varies as their wealth grows.
As a result, by spending half of your disposable income this week, what you are actually spending is half the week off today and potentially MONTHS of your time in the future! Even small changes in your daily routine can have a huge impact on your future wealth and life. By avoiding unnecessary expenses, you give yourself the opportunity to build more future wealth, and therefore, reduce the amount of your valuable life time that is lost on a regular basis.
time is of the essence
Money clearly fuels the journey of life. But do you plan to spend the entire trip, stuck at the gas station, refilling your tank? If you’re really ambitious, life can often feel like a race against the clock. Like you, most frugal investors have a million and one things to tick off their bucket list. And of course, doing paperwork in the office cubicle is not one of them!
Our true aim for the future may simply be to maximize the amount of our “lifetime” that we spend in a way that we personally consider most valuable. So why not fight for your financial freedom? Remember, time = money / cost. The aim of real financial success is to increase the value of your time in life by carefully maximizing your money while minimizing your costs. And this brings the focus naturally to life:
- making money doing what you really enjoy
- making passive income
Think about the lifestyle of someone who is actually financially successful. They are paid for by their passion, while their money is making money at a low personal cost: giving them a great deal of satisfaction, freedom, and the opportunity to get more value out of life – the sum total of their time! All money has lifelong potential, and those on the road to real financial success recognize the value of every dollar… and every day.
it’s secret Real financial success!