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Time Is NOT Money | We Need To Change Our Thinking | Time > Money

Passion is money

The challenge is how do you make money and use the money to live a life that you love.

Maybe this translates into moving from full time to part-time job or moving to a different city, and in a less stressful job.

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Time Is NOT Money | We Need To Change Our Thinking | Time > Money

Time Is NOT Money | We Need To Change Our Thinking | Time > Money

https://millennialmoney.com/time-is-not-money/

millennialmoney.com

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Key Ideas

Time is not money

Even if these two share some connections, time isn't money. Time is energy, money is a thing. And they each have power over our lives.

Money is infinite but time is not. You can always get a part-time job or start a side gig, but you’ll never be able to get back this moment or this day. Equating the two I think diminishes the value of time in a way.

Disrupting the time-money relationship

Investing and passive income disrupt the time-money relationship.

To make money without having to trade any of your time frees up your time to ultimately do things that are more important to you.

The best investing strategy

  • Make as much money as you can
  • Keep your expenses low
  • Invest the difference
  • The more you invest, the faster your money will compound and bring you more money
  • Sit back and earn money with no effort. You are no longer trading your time for money.

When we believe that time is money

Our work culture promotes the ideas that time is money.

And we end up managing our money poorly so we end up wasting our time. We also trade more of our time to make more money, but if we would use that time to do things that make us happier, we would live happier lives.

Passion is money

The challenge is how do you make money and use the money to live a life that you love.

Maybe this translates into moving from full time to part-time job or moving to a different city, and in a less stressful job.

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Choose your field of activity wisely

Nowadays people are mostly driven by the idea of making a lot of money in as short of time as possible.

However, one thing everybody should take into account is that unless you are really ...

The key to success

There is no such thing as the key to success.

However, being ambitious, lucky and persistent can really work. While nothing guarantees success, finding what you like and trying to become good at it are definitely important steps in that direction.

Focus on your own goals

There is a certain temptation we all feel when it comes to other people's success: check out exactly how they made it u to this level.

Nevertheless, this is not really the appropriate approach, as each individual has its own path in life: so better focus on your goal and how you plan to achieve it.

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Next Level Money

Our desire to achieve next-level money or to master, control and optimize it, can only be fulfilled by us, and it goes beyond just earning, saving and investing money.

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Automation Of Money

Automation of money will lead to a ‘coasting’ life, but it won’t get one to the next level. While we already know that the goal is to make money work for us, instead of slogging ourselves for earning it, it is not enough to simply save and let the money grow in banks.

One has to be aware of the pitfalls of wastage of money, be able to shun mindless consumerism, and embrace minimalism to move towards that level.

Pushing The Boundaries Of Security and Comfort

One cannot be complacent and run after security and comfort. Longing for a default, peaceful life of status quo will not put one on the track of next-level money.

One has to get to work, piercing the comfort zone bubble and the man-made boundaries that are around us.

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