Most people think they need more money to become wealthy. While you do, you actually don’t!
I understand that you can’t be considered financially wealthy when your bank account has three digits before the decimal point, so you do need money.
Jim Rohn once said, “Time is more valuable than money. You can get more money, but you cannot get more time.”
Left by itself, most of us would agree with that statement, but it’s a commonly held fallacy, in fact, this is a secret the wealthy know. Yes, technically and in theory you can always get more money, thereby making your time more “valuable.”
In reality, this isn’t accurate because the inherent assumption is that we all use time the same way. We don’t! We all have 24 hours in a day, however the successful and wealthy place a value on time in such a way that it’s treated like a currency they spend.
Time can be hands on a clock counting seconds into minutes into hours into days. In reality, it’s a valued limited resource that must be used properly.
For most people, time is a floating extraction without meaning or value because they live a life where days just roll into months and years. Suddenly, one day, they look up and wonder, “What happened to my life? My time? My deferred dreams? My goals?”
The biggest difference between the successful and the wealthy is their use of time. I want you to erase from your mind every advantage you think someone else may have over you: born into wealth, smarter, better personality, better school…
Ignore whatever it is because those so-called advantages are simply excuses and give you permission to remain exactly where you are. When you know the value of time, you understand that time is your great equalizer. The benefit of having more time than money can only be true when you actualized the true value of your time as a currency.
Ask yourself this: How do you spend your time currency? How much time do you spend:
- Scrolling social media like TikTok
- Watching TV, soaps, sports, etc
- Playing video games
- Free time – “hanging out”
- Sleeping
- Commuting
I do all of the things listed above, but when I scroll through social media or watch TV, it’s related to my education. My free time is spent learning. When I commute, I listen to audiobooks. Do you see the difference?
My time is spent investing in myself and my education so I can learn more and earn more.
Robert Kiyosaki puts it this way, “Success takes an investment in time, dedication, and sacrifice. This is true education. It is a process.”
While being a father and partner are my top priorities, I also have a full-time job. I teach three college-level courses, run a YouTube channel, write articles, and 100% enjoy my life. Yes, I work hard, but I love my life. I can do all of these things because I place a clear value on my time.
Ask yourself, “Do I manage my time, or is my time managing me?”
If you want to change your life, financially or otherwise, your biggest and most valuable asset is how you value and spend your time. I assure you that the successful and wealthy spend their time differently and a greater proportion of it investing in themselves, their knowledge, education, and skills.
Read part 2: Shifting Your Focus From Money to Time
To learn more about the stock market check out “Stock Market for Beginners” section.
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