masterinvestor’s Newsletter
Posts
Building Wealth by Investing Time Wisely

Building Wealth by Investing Time Wisely

Wealthy vs. Poor

Master Investor
April 01, 2024

The wealthy people make money work for us rather than us working for money like majority of the population do.

Invest our time when we have no money, we suggest everyone to protect and nurture our time everyday.

People typically don't have the time to invest. Why? because they believe that working longer hours and harder will increase their wealth. There is no way that this is not the case.

Look at the information below:

It is projected that the average American will work 12.4 hours a year by January 2023.
At least half of American workers—66% of them—work remotely.
72% of Americans had used less than half of their paid time off, according to a July 2022 report.
Even though 56% of Americans said they were already burnt out, 65% of them agreed that they really needed a vacation from work.

In addition, while salaries climbed by only roughly 4.5%, the US inflation rate reached a new high in June 2022, peaking at 9.1%.

Evidently, working harder does not equate to earning more.

The tale of the wealthy versus the poor

One type of mindset the poor believes in hard work as a means of making money. The wealthy mindset believes in investing for passive income. The more we understand the cash-flow triangle. We can build businesses that turn into brands with less effort, more money we make and keep.

It took years of practice, but eventually everyone will grasp this fully.

Wealthy people don't work for money

People today put a lot of effort into developing their careers, moving up the corporate ladder, or expanding their practices in order to establish a name for themselves.

They make the common mistake of believing that working for their own company is more important than working for it. They never work on the business to grow it because they are preoccupied with the minutiae of day-to-day operations so they work in their business which is not a business yet as it requires them to be there to earn money. They own a job not a business. They have no faith in anyone to perform better than them or in a system that can function without them. Their own success is impeded by them.

Laziness is the path to success, as we like to say here. Because it about using our minds to put deals together and raise the capital for it. Then control the asset and its cash flow. We can make less money the more involved we are. So we must learn the power of systems and marketing to have our businesses and investments run on autopilot. Wealthy entrepreneurs find creative ways to do more with less, rather than getting our hands dirty and working hard. We also give our staff the freedom to succeed for them in their lives too. Everyone here at masterinvestor is allow and encourage to build the asset column as much as possible.

We must figure out how to do less in order to produce more and develop more if we want to be the kind of person who builds assets that purchase other assets.

Learn more about how working less can increase our income if you are someone who is addicted to hard work, or we referred as "staying busy in your busyness and not building anything."

How poor people spend their time

Sadly, but thankfully as well, a lot of individuals today have more time than they ever could have dreamed. According to a Pew Research Center survey, almost 35% of Americans said that COVID-19 had made socializing less important to them. The nights and weekends are largely free because there are fewer social obligations.

Of doubt, there is a lot of stress, especially for parents who are trying to care for their children and have no social life these days. The epidemic demonstrated how erratic employment may be, and the economy appears to be unstable.

It's interesting to note that a lot of extremely skilled workers are wearing themselves out from video conference sessions longer than they would from standard labor.

They have even created a phrase for it, "Zoom fatigue."

Those without jobs were either waiting it out by playing video games and watching Netflix, or they are spending time looking for work. Few are making use of the time to develop true wealth. And for that reason, a great deal of people will either emerge from this catastrophe poor or even poorer than they were before.

The poor spend their time poorly, working for money.

Most individuals will tell us that they work so hard for money if we were to ask them why, or why they are looking for job if they're among the 6 million unemployed.

They imply a reliable source of income that offers security by this. One of the main motivations for taking on thousands of dollars in student loans is money. These loans are taken out to obtain a degree for a high-paying job that they dislike but must work at most of the time. Meanwhile, their true passions remain unfulfilled until after they have completed their work.

This strategy has the drawback that their income is dependent on how hard their work. Their time is the only valuable item they need to sell, which it should never be sold because time is priceless. Thus, they have to put in more physical work by working longer hours in order to earn more money.

As an employee, their earning potential is limited since they have limited time and energy.

This investment is bad by any standard. To think that one can exchange he or her limited time for money is a terrible mentality. Wealthy people think differently than poor people do, and they approach time and how to spend it in very different ways.

Wealthy vs. Poor: How to make money work for us with a little time commitment

The majority of wealthy people will tell us that they work for passive income that comes from assets if we ask them what we do.

This refers to investments and companies that require little to no work to provide a consistent monthly cash flow. Wealthy people work to learn how to make money work for us through financial education and sound investing, as opposed to working our entire lives for financial gain. To put it simply, wealthy people make money work for us rather than us working for money.

Working for a paycheck is not the same as working to accumulate additional assets. For example, adding assets doesn't mean putting in more or harder work. To be more precise, we need to work less to acquire high-quality assets the higher our financial IQ. Then, even when we are playing or sleeping, these investments generate passive income.

Put another way, money benefits the wealthy once more.

How to set objectives to build passive income

That is not to argue that wealthy people don't work. Simply put, our methods of operation differ.

We have targets for the number of new assets we intend to buy each year. It's crucial to remember that we do not set goals to increase our income. We do not waste time trying to get a better, more lucrative career. We are aware that if the emphasis is placed on locating premium assets, the cash will flow, even years after the effort to acquire our assets is completed.

Because of this, we have invested in his financial education over a long period of time and built a s sound asset column gradually.

Even though we may not start always wealthy, even at times when we have little money at all, we must take the effort to increase our financial intelligence. Instead of investing that time in a job, we must used it to secure our financial future by acquiring assets in our asset column.

We now generates passive income daily, which works for us rather than against us.

Invest our time wisely today to get wealthy tomorrow.

For what purpose are we working? In this extraordinary crisis, how did we spend our time? Would we prefer to veer away from it? Which way are we going?

Are we trying to harness the power of assets to make money work for us? Or do you work day and night at a job you detest just to feel as though you have some security? In that case, what is preventing you to start building the asset column after work?

Here are two excellent starting points:

Course and eBook+: “How to Build Cash Flow with the Internet?”: This is our flagship course for financial education available online.

Instead of wasting our evenings on non productive video games or Netflix, educate ourselves on how to get money to work for us for free.

MASTERINVESTOR has been providing personal finance classes, investment workshops, and personal development guidance to millions of people for years. There is no better moment to utilize this amazing resource than right now.

Master Investor Coaching: Give a Master Investor Coach a look if we are truly prepared to make a wise time investment. Thousands upon thousands of people have put their trust in Master Investor products to help them succeed and get rid of their money problems. Professionals recognize that they don't know what they don't know, whether they are business owners, athletes, or people in relationships. We as a company we continues to work with coaches in all spheres of life, including mental, physical, emotional, and spiritual, despite our success. It's possible for us too.

There are many arguments to suggest that this isn't the ideal time, but there's never a better moment than the present to make prudent time investments and raise our financial IQ.

If we do, we will be equipped to prosper when the going gets tough, as it always does.