I will begin this post by pointing out something that’s nearly always true. You want more money. More specifically, you want more income, not net worth. This may seem uncontroversial until you point out what most people do with their money when it comes to improving their finances. They either; reduce the amount of money they have coming to them by locking themselves into debt for things that offer no return, or they invest in things that offer to increase their net worth. They do not buy things that increase the amount of income they receive.
This is a slow burn type of realisation. It’s small on the surface but is huge in practice. Most people work in a single transaction way. They buy one thing and sell that one thing for a profit. Great, but now you have to do it again because you’ve ended your transaction with that thing. You need a new transaction to continue making income. Or you go out and get one thing in return for paying for it multiple times. This is mildly pleasing in the short term and seriously damaging to your life in the long run. Instead you could be on the other side of the transaction getting paid loads of times for one transaction, perhaps indefinitely.
I want to improve my life. There are other things to focus on other than money but that’s not we’re going to focus on. Why? Well, money, or better yet income, is day to day life energy. If you don’t have money, you have to give away your time to get some money. Then you use up your money and need to give away more time. Much better to give away money and receive time. For every dollar you don’t need from a job you have freed yourself by so much time. How do you even begin to quantify the value of your time? Well you probably already have by taking a paycheck. My guess is that you value your time far more highly than any employer could. So take it back and start freeing up your time by trading money for it.
If we place a different value on our time, all of a sudden there are a number of activities that fall off of our list of worthwhile endeavours. If we suppose that every dollar we convert into time won back is priceless, it means that you won’t ever be able to trade your time again because your time is priceless. Sorry mister manager, but unless you give me infinity dollars I can’t do that job for you. You’ll also get your time back because you’ll be fired very quickly.
The point here is that if you want your income to reflect the value of the time you have used getting it, then the activity you perform has to pay you over and over again indefinitely after it’s been performed. You need to do something and receive infinity dollars for it. You need passive cash flow from your work. Your work only meets your standards when it insists on paying you over and over again.
So, how many pieces of work have you carried out that were worth your time? Projects you carried out for the purpose of giving you back time in the form of automated income. If this type of work sounds impossible, I invite you to write a book about it how impossible it is and sell it. My guess is this will make you happier and free up some of your time.
