Time is the Enemy of the Rich Man, Cost is the Enemy of the Poor Man
In our lives, we are constantly confronted with costs. For most of us, those costs are related to financial costs.
We are worried that our groceries were $100 this week and that is more expensive than last week.
We are worried that we are spending too much on our Netflix subscription, but don't really need it.
But what if life was different... What if you were worried about time cost as opposed to financial cost.
The life of a rich man is much different than the life of a poor man.
Rich vs. Poor
I've managed to do quite well for myself - at least by the standards of those around me.
This means that I've spent my life acquiring wealth and acquiring assets that generate income for me on a monthly basis.
I've officially left the rat race. I no longer trade my time for money. That is step 1). to escaping the bs world of trading your time for money.
Now, I look for goods and services that give me back time. Things that make my life easier. Things that save me time on shit that I don't want to do.
Time for Money or Money for Time
When you're broke, you look for ways to save money.
When you're rich, you look for ways to save time.
Why Does This Matter to the Average Joe?
Anyone can become rich. I believe in a world of abundance. It takes knowing the right daily disciplines and following those things religiously.
In my last article on Hive, I talked about saving 1/10th of what you make.
This is the first step in leaving the rat race. Save 1/10th (at a minimum) of everything you make and invest that 1/10th.
That is the bare minimum. If you want to leave the rat race faster, save more.
As time goes on, build a portfolio of assets that generate cash flow for you each month.
Doing this will change your life. Even making $1 per day in passive income is enough to get you addicted to making it $1.10, $1.20 per day, $2 per day...
Eventually, you make so much per day that it overtakes your wages at your rat race job. That's when you make a decision: keep working the rat race to establish more wealth or focus on your portfolio of assets and make it more efficient and bullet proof.
I'm in the ladder stage.
The rat race is over. Now I focus on building more assets that generate more revenue.
Time is my currency. Not money.
My name is Asteroids - well, that's my Hive name, anyways. I believe firmly in the future of Web3 technology and its potential to reshape our lives. I'm a serial entrepreneur and my aim in life is to always evolve and find new ways to leverage technology in my life.
As I continue to build things, I find new and important wisdom in all sorts of places. My goal here on Hive is simply to share that wisdom so that you can improve as well.
Working is as much about building good habits as it is about doing the actual work. Remembering this on a daily basis has changed my life for the better.
Until next time,
-A
Posted Using LeoFinance Beta
Interesting! I believe in the world of abundance too and anyone can become rich but it depends on the steps and decisions we take.
Saving more and reinvesting will make it quicker to move out from the rat race but for the meantime, we can get involved in the rat race and keep saving more so that in the future, we won't have to keep chasing money but making time our currency.
Posted Using LeoFinance Beta
The switch that flips in your brain when you realize and have to means to live by the ideal that time is more valuable than money is a wild feeling
Posted Using LeoFinance Beta
Read how this all have started with Toruk
Posted Using LeoFinance Beta
Great point and a good eye-catching title.
Finding ways to earn with out an hour to hour limit on earning is one of the most important skills towards financial freedom, vs. Corporate Paycheck that steals your life with it.
Posted Using LeoFinance Beta
This is an interesting perspective on the difference between the financial concerns of the rich and the poor. The idea that the rich focus on saving time, rather than just money, makes sense when you consider that they have the financial resources to outsource tasks and buy time-saving goods and services. On the other hand, the poor may be more concerned with cutting costs in order to stretch their limited resources as far as possible. I appreciate the advice to save and invest in order to build a portfolio of assets that generate passive income, as this can be a powerful way to break free from the rat race and take control of your financial future. Thank you for sharing this valuable insight.