EP169: TIME Is Money: The High Price of Costly Lie
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Ever heard the phrase “time is money”? 🤔🤔
Well, we’ve all heard it, but let’s spice things up and challenge that idea today!
Meet Warren Buffett, the Oracle of Omaha, or as we like to call him, “Buffy.”
He once dropped some serious knowledge (and we’re paraphrasing it here!) 〰️ “Make money while you snooze, or you’ll be working till you’re ancient!”
And boy, did that hit us hard! 💥
Life-changing events transformed our perspectives on time and money, and we’ll share those juicy deets later.
So, let’s break free from the time-money trap and think about the REAL value of your precious time.
The Facts Don’t Lie
Worried about your finances?
➡️ You’re not alone! A whopping 42% of adults are seriously concerned about retiring comfortably.
That’s almost half of America!
Next time you spot a fancy car on the freeway, remember they might be just as stressed about money as you are!
But guess what?
This fear isn’t picky – it hits everyone, regardless of race, gender, or income.
Here’s the kicker: we’ve been trapped by a collective misunderstanding.
We think we MUST trade a lot of time – AKA our lives for a little cash. 💵
Don’t get us wrong – hard work rocks!
But we took a step back and saw the sad truth: we don’t take enough vacations, or even rest enough.
We’ve been brainwashed into thinking we must sacrifice all our time for financial freedom.
But wait, is that really the only way?
Time to question the norm! 😘😘
Let’s dig deeper into this belief and its crazy impact on our lives, relationships, and happiness.
It’s sneaky, and we’ll uncover all the secrets!
Stick with us, and we’ll blow your mind with the consequences of this myth.
Get ready for an eye-opening journey!
The Fallouts
You know what’s crazy?
We often underestimate the value of time while chasing endless money. 🏃♂️
But by doing that, we miss out on meaningful experiences, joy, and personal growth!
Our relationships suffer too when money takes priority over quality time with loved ones.
It’s time to put an end to this cycle of burnout and stress!
And hey, we’re not just losing out on experiences – we’re neglecting our passions and potential for success! There’s a whole world of opportunities waiting for us to seize!
Listen 🎧, nobody likes to think about age or aging, but the truth of the matter is, as the years go by, regrets start to creep in.
Regrets for the dreams we let go of, the passions we left behind, and the true happiness we overlooked while chasing material wealth.
And you know what that leads to?
A life filled with a profound sense of unfulfillment.
It’s like we come to realize that all the money in the world can’t replace the satisfaction we would have found if we had followed our hearts and pursued what truly mattered to us.
It’s a tough pill to swallow, but it’s a valuable lesson to learn as we move forward in life. 😵😵
Life’s too short for regrets, so let’s find fulfillment by following our hearts and priorities!
Break those chains that tie us down and reclaim freedom and independence!
It’s time to make money work for us and regain control over our time!
Stay tuned, because we’re going to guide you step by step through this empowering process.
Six Levels of Leverage
We always talk about six levels of leverage that can help you reclaim your time.
✔️ NO. 1 Leverage Your Team
First things first, your team is the primary source of leverage at your disposal. It encompasses your employees, freelancers, contractors, or anyone actively contributing to the accomplishment of your business objectives.
Delegate, define, and assign – that’s the key‼️
Free yourself up for the big stuff while they handle the day-to-day grind.
But wait, there’s more! Embrace the diversity of skills, knowledge, and perspectives they bring. It’s a recipe for success! ⭐
As the leader, you’re the master motivator, coordinator, and facilitator of the dream team. Let’s rock this collective journey to greatness!
✔️ NO. 2 Leverage Technology/Tools
In today’s digital era, technology is a powerful ally.
With automation tools, project software, and analytics, you’ll be a productivity wizard – all while lounging on your couch.
But hey, it’s not about fancy stuff – keep it simple, pick tools that fit like a glove!
Choose wisely, and let the tech be your secret weapon to success! 😘😘
✔️ NO. 3 Leverage Other People’s Time
Leveraging other people’s time is all about teamwork and creating win-win situations, not taking advantage of anyone.
Build killer relationships where everyone shines! ✨
Picture this: you team up with a pro, and BOOM!
You tap into their expertise, saving time and effort.
It’s like a magic shortcut to smashing your goals!
So don’t go solo, gather your dream team and let the magic of collaboration take you to new heights!
✔️ NO. 4 Leverage Good Debt
Debt often gets a bad rap, but believe it or not, when you use it wisely, it can become a real game-changer.
We call it “good debt” because we like to think of it as a springboard that helps you generate income or grow your net worth.
Picture this: loans for starting a business, purchasing real estate, or investing in education.
Here’s the magic trick: make sure your investments bring in more moolah than the debt’s cost. 🚀
When the gains outweigh the expenses, BAM! Good debt becomes a turbo booster to wealth!
✔️ NO. 5 Leverage Tax Benefits
Getting a grip on tax benefits and putting them to good use can be a total game-changer for your financial efficiency.
There are a ton of laws and regulations out there that provide tax deductions and credits.
Team up with a tax consultant or become a tax whiz in your field – it’s money-saving magic!
And here’s the best part: the cash you save goes right into supercharging your wealth!
✔️ NO. 6 Leverage a Mentor
Last, but definitely not least, don’t ever overlook the incredible impact of having a mentor.
It’s like having a real-life wizard by your side!
Their guidance is pure gold, steering you clear of pitfalls, compressing the timeframe, and turbocharging your journey to success!
So, don’t hesitate to seek out a mentor – they might just be the secret ingredient you need for an extraordinary leap forward!
As we wrap up, remember: time is precious, and believing in “time is money” can have profound effects on our lives.
From missed experiences to regret and burnout, it’s time for a fresh perspective. 😎😎
Reconsider your time’s value and unlock its potential for a fulfilling, prosperous life!
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