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Stop Limiting Money By Time
Take time out of the money equation to live a life of abundance and wealth.
Take time out of the money equation to live a life of abundance and wealth.
You have heard it many times. “Time is money.”
The work we do is measured by units of time. The only difference between an employee who works for an hourly rate and the employee who works for a salary is the unit of time.
Whether you are paid by the hour, biweekly, or the year, the amount you get paid depends on the amount of time you work.
It isn’t true that time is equal to money. Because time is always inflexible, time is much more valuable than money.
You have 24 hours each day and 365 days each year, which is the same as everyone else. Even if you get a raise in your hourly rate, an increase in your salary, or you lose your job, you still have the same amount of time.
Ever since I read Robert Kiyosaki’s Cash Flow Quadrant, I have been fascinated by the mindset difference between entrepreneurs and employees.
According to The Cash Flow Quadrant, people are employees, self-employed, business owners, or investors.
Employees and the Self-Employed are located on the left side. Business Owners and Investors are located on the right side. The question is: What kind of change in mindset is necessary for Employees and the Self-Employed to move to the Business Owner and Investor side?
The big question is: How do people start to think the way entrepreneurs think?
The primary mindset difference between the left side and the right side of the Cash Flow Quadrant is to take time out of the money equation. As long as you trade time for money, whether you are working as an employee, or working in your own business, you have not made the fundamental mindset shift of an entrepreneur.
Employees and Self-Employed people trade their time for money. No matter how much you earn per hour, per month, or per year, the amount of money you can earn is limited by the fact that time is limited.
As a result, no matter how much you get paid per unit of time, your income will always be limited by time.
When you take time out of the equation, money is potentially unlimited.