The only currency is time.
Everything else can be multiplied.
Welcome to part two of a billion about why you’re not (yet) financially free. This time it’s about time to discuss time!
Every day when you wake up, the clock starts ticking. You have approximately 23 hours and 56 minutes until the earth completes its rotation, and you start this maddening cycle all over again. Knock off 6-8 hours for sleep, 9 hours for a regulars workday along with a commute, another hour-and-half on each side of that for breakfast, dinner, and hygiene, and your precious 24 hours is now reduced to about five to six hours (plus whatever extra time on the weekend, if you have them). If you’re a parent or have other similar obligations, well, that’s going whittle away at your chronic wallet, as well.
In your best scenario, your only true currency is now running at 25% efficiency. And one day this currency will cease to pay out. It could be tomorrow, or a month from now, or two decades down the road. God only knows.
If you are a wage slave, or piddle your time away with something as fleetingly satisfying as gaming, internet forums, social media, attention seeking, shopping, gossip, or online dating, you are wasting literally months of your only true currency. One of the reasons I am so adamant about not working a 9-to-5 is that time is (what I call) my True Motivation (which we’ll be discussing in future posts).
With that in mind…
If you must work, it is in your best interest to find work that can multiply your efforts. As much as I dread sales, it is one of the only fields where you have an influence on your wages. Being a high-wage earner is another option. However, this is often contingent upon an array of intelligence(s), adaptation, ambition, and capacity for self-sufficiency. And unless you’re a winner of a genetic lottery, that level of excellence may simply be out of reach.
What else? Master the art of doubling your time. Doing chores? Why don’t you listen to a podcast? Cooking a meal? Watch a Youtube series. Trouble sleeping? Read a book in your field of interest to help fall asleep. Talking with a relative or loved one? Use a hands-free device and knock out some dishes.
Made to Measure
Here’s a decent mental yardstick: How often do you find yourself bored? Truly, I cannot remember the last time I experienced boredom in the past decade. Between adulting, networking, and whatever creative projects I’m currently working on, there is never enough time in the day.
You, beloved, need to be exceedingly jealous of your time. Be wary of how it is wasted. Use wisdom when spending it. Measure it. Block it off by, at the very least, half-hours. Be as efficient as you possibly can with it. For if you truly have a heart to be financially free, time must be a top priority in your life.
If you’re wondering more about private lending, you’re welcome to schedule a time to talk. If you’d like to read more of my cyber-etchings, more posts can be found here.