The Value of Your Time

Did you ever stop to think that no matter how much money you’re paid your income is limited by the number of hours you can work? We all have the same 24 hours in a day and there is only so much of your time that you can dedicate to working for pay. That’s why the idea of working for money is such a flawed way of thinking if you truly want financial freedom.

Trading time for money isn’t an isolated trap to those people that are employed by someone else. Even if you’re self employed you are trading time for money, the only difference is the value of your time is potentially greater. So if you breakdown your hourly earnings, you may be earning more per hour than if you were working for someone else.

“Making money is a hobby that will complement any other hobbies you have, beautifully.” – Scott Alexander

But even then, your earnings are still limited by the number of hours you can work. You already know that there’s absolutely no way around that universal law. This is why you need to change your mindset from trading your time for money to trading your money to buy you time. Just to be clear, buying time is a misnomer, because you know that you can’t buy time.

Every minute you spend is gone forever and you can’t get that time back, so you’re not actually buying time, but you are freeing up your time. By investing your money into things that will produce income is how you will be able to free up more time to do the other things you enjoy doing outside of work. This is the only way you can ever truly have financial freedom.

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