A lot of us have been sold the idea that we need to go to school, attend college, get a 9-5 job that we end up working for years until we can (hopefully) save enough money to retire, leaving us to do what we enjoy when we’re old. Who the heck wants to live like that!? Well…guess what? We don’t have to. We need to aspire to break the norm. That way of thinking came from the time of the industrial revolution, which if we haven’t guessed it, is long gone. The idea of trading time for money…OUR time for someone else’s money is backwards. Time isn’t money. It’s the other way round. Money buys us our most valuable asset. That asset is…you guessed it, time! I know most, if not all of us, might be trading time for money right now. That’s fine…we’ve got to start somewhere. We all have bills to pay and we need to have the money today to get them paid. The fact is that the concept and application of trading money to buy time is something that doesn’t happen overnight. First, we have to start with changing our mindset and then come up with a game plan on how, where and when we will start investing our money in order to buy us time in the future.
You’re Probably Doing This!
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.
“Most people work just hard enough not to get fired and get paid just enough money not to quit.” – George Carlin
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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