Financial freedom comes from being free from having to work for money and instead having your money work for you. By investing your money in a business, real estate or dividend paying securities you’re freeing up your future time. But money isn’t the only thing you can invest to escape the trap of trading your time for money.
Using time now to free up more time later is another valuable resource. How you spend (or invest) the little “free” time you have now, can also be used to buy you more “free” time in the future. While you keep your 9-5 job so you can continue to pay your bills, you can use your extra time to create a product or service that can generate an income with less of your time, once it’s up and running.
“Time well spent results in more money to spend, more money to save, and more time to vacation.” – Zig Ziglar
The difficult part for most people is the many hours you will spend creating your product or service without compensation, but if you’re patient long enough, the efforts you put in will multiply ten fold over time. It’s hard to imagine and even more difficult to go through not being rewarded for months or even years for the effort being put in to create an income source from scratch.
There is definitely no instantaneous gratification and there are no guarantees when it comes to investing time now, in order to have more time in the future, but the efforts can be well worth it. Even investing money now to buy future time takes patients to build. This concept is the cornerstone of wealth building and the path to financial freedom!
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