Most of us routinely push through the weekdays while we wait for the following weekend to roll around, giving us a moment to choose 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 from spending an entire life stuck in this funk? Naturally, we approach life with the view that money comes first, and at a direct personal trade-off, according to this standard work-life formula:
Money = Cost x Time: Whether it’s working extra weekend shifts or moving your way up the company ladder, with more money comes a higher personal cost: more energy being drained, more opportunity costs being lost, and more obligations to fulfill — in addition to more quality time being given up. Overall, a piece of our lives must be sacrificed. But that’s the price we must pay. Money, right?
We believe that to be “richer,” we need more money. And if we need more money, we must expect to pay a higher price and trade more of our precious time! We often seek a job promotion to raise our income by a few extra dollars per week. Oh, and let’s also grow those overtime hours, weekend call-ins, daily responsibilities, pressures, and stresses along with them! More money? Yes. A richer life? Hardly.
Unfortunately, most of us never see otherwise. From our grandparents to our parents, this is all we have ever known about life experience. Could there be any other way to approach the money game?
Money vs. real financial success: There is a connection between having more money and getting more value out of life. However, as we become more prosperous, a prosperous life is never defined solely by money. Because what about the capital cost of money?
All money comes in context, and for every dollar of potential value we gain, there must be some personal cost involved. Not all money comes at an equal price. Therefore, real financial success cannot simply be based on being a millionaire or a billionaire.
The millionaire stuck working a job he hates for 10 hours a day is more successful than the millionaire who could stop working the job he hated ten years ago. And, of course, the millionaire who made his fortune doing what he loves hit the jackpot! Same money, but different levels of personal success
Even if you manage to amass a billion dollars to your name, this money has little value if you must spend your entire life trapped in some airtight corporate box. This big pile of money is little more than a big pile of stress and sacrifice! So, what is financial success? It is not defined by the number in your bank account or the car you drive, but ultimately by the effect money has on your quality of life.
Forget about the “big bucks,” because real wealth and success are simply about experiencing life with more incredible 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 want in life?
One Formula to Rule Them All: — To experience real financial success, our aim for the future is not to focus on money but instead to 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 accurate financial success?
Real financial success means having the money and lifestyle to spend more time doing what you truly want while spending less time having to fuss and fight over money and paying all the personal costs that often come with it. Yet, why do so many of us chase money without ever experiencing greater freedom and satisfaction? Because real financial success is only possible with a different perspective on life! What is this perspective?
Changing our future finances and lifestyle for the better starts with taking life’s standard formula, money = cost x time, and flipping our natural view. It’s now time to see that: time = money or cost.
As you can see, the value of your time is equal to your money divided by your life costs—all the negatives revolve around getting money. With little money, your time clearly suffers. And when earning more money comes at a much higher personal cost, unfortunately, life doesn’t get much better! However, what do you get when intending to increase our cash AND costs raise our price? More valuable time!
Forget money alone, because the richer you are, the greater the value of your time. This imbalance between cash and costs is the key to experiencing real financial success. “The rich invest in time. The poor invest in money.” –Warren Buffet
Saving Yourself:—- The “average Joe” might think that investors who are careful with their money are dull cheapskates who don’t know how to have fun with their money. But what can’t they see? “The price of anything is how much of your life you give up for it,” said Henry David Thoreau. There is no number for the real cost of each purchase.
not on a price tag, but on how long they worked. Some might even say it was a waste of a period. Money is time, and time is money. Every dollar we spend is a part of our lives that we give up…or lose. After living costs, taxes, and even unpaid overtime and the daily commute are taken into account, what’s left is our natural take-home profit, which we can use however we want.
This is what we call our “real pay rate,” and for the average worker, it may only be a few measly dollars for every hour worked. So how much does that food delivery on a Friday night cost you?
The Price of Life: In the wise and often misquoted words of Benjamin Franklin, “a dollar saved is a dollar earned.” Every time you save a dollar, you get a dollar (at your real pay rate) for doing nothing. And for a smart investor, this dollar saved is just the start. Because of the way passive income works and the power of compound growth, every dollar you save and invest can make you more money in the future without costing you much. So, as smart investors’ money grows, the difference between their money and their real wealth keeps changing.
So, if you spend half of your extra money this week, you’re paying for half a week of time now and maybe even months of time later. Even small changes can have a big effect on your money and life in the future. By not spending money on things you don’t need, you give yourself the chance to build more wealth in the future and, as a result, waste less of your valuable life.
Time Is of the Essence: It’s clear that money is what makes life go. But do you plan to spend the whole trip at a gas station getting more gas? If you want to get ahead, life can sometimes feel like a race against time. Most investors who try to save money have a million and one things they want to do. And, of course, doing paperwork in a cubicle is not one of them!
Our real goal for the future can only be to spend as much of our “lifetime” as possible in ways that we think are most important to us. So why not fight to get your money back? Don’t forget that time costs money. The goal of real financial success is to make your time worth more by making the most of your money and spending as little as possible. And you have to live your life with the goal of making money doing what you really enjoy.
Creating passive income: Think about the lifestyle of someone who is truly financially successful. They get paid for doing what they love, and their money is making money with little cost to them. This gives them a lot more satisfaction, freedom, and chances to get more out of life as a whole.
All money has the potential to help you for the rest of your life, and people who are on the path to real financial success know how important every dollar — and every day — is. This is the real secret to making money!
Courtesy:— Addicted To SUCCESS