MONEY 💰 & TIME ⏱
Money is a tool that helps you to survive in
this world meeting our needs, accumulating stuffs and even accumulating money
to get bigger stuffs in future. There are
4 methods to produce money and get a
constant cash flow: being an employee,
self-employed person, business owner
and investor.
Each method uses different ingredients to get the end product, which is money! Each method is not suited for everyone and majority of the population prefers the easier and safer route. 95% of the overall population prefers either being an Employee or Self-employed. This is the easy route as well as less yielding, maybe 5-10% of the total money generated is from this route. The easier route usually converts TIME (most valuable asset everyone possesses) to MONEY, you get paid for the hours of work done or you spend a regular 8 hours of your time 5 days a week to get paid back with money. The tougher route demands a lot of homework, pre-work and preparation. Only 5% of the people put in the effort and due diligence to follow this path be successful. What makes the tougher route more challenging is the risk involved, even with the efforts and pre-work you put into it there is no guarantee that it will return 100% value for your efforts. People who take up this challenge agreeing to the risk involved are the ones who successfully earn pieces of the 90-95% of the total money generated by people. Being a Business Owner is not about setting up a shop, employing a couple of people and then everything falls at its place giving back money every day, setting up a business is more about the system we build with a team of individuals with distinct roles and responsibilities all working towards one common goal of the business. Hiring people doesn’t solve the equation and gives you value on its own. A business without a GOAL (not monetary value) will perish even with the world's best employees. The role of an Investor is easy when compared to a business owner, he need not put in the efforts to define the business goal, set up systems and employee people. He is required to study and understand all the businesses available and pick the right one that aligns with the individual’s monetary goal and invest on it. In the case of being a business owner or investor, they invest their most valuable asset - TIME initially in setting up the framework which in turn returns long-term benefits. Time is not an abundant/renewable resource people possess, everyone must start understanding it. An employee working for 8-10 hours in his 50s will not be as productive as he was in his early 20s or 30s. Utilizing the time more effectively when you have them in abundance in your early age is a requirement for a successful future.
Each method uses different ingredients to get the end product, which is money! Each method is not suited for everyone and majority of the population prefers the easier and safer route. 95% of the overall population prefers either being an Employee or Self-employed. This is the easy route as well as less yielding, maybe 5-10% of the total money generated is from this route. The easier route usually converts TIME (most valuable asset everyone possesses) to MONEY, you get paid for the hours of work done or you spend a regular 8 hours of your time 5 days a week to get paid back with money. The tougher route demands a lot of homework, pre-work and preparation. Only 5% of the people put in the effort and due diligence to follow this path be successful. What makes the tougher route more challenging is the risk involved, even with the efforts and pre-work you put into it there is no guarantee that it will return 100% value for your efforts. People who take up this challenge agreeing to the risk involved are the ones who successfully earn pieces of the 90-95% of the total money generated by people. Being a Business Owner is not about setting up a shop, employing a couple of people and then everything falls at its place giving back money every day, setting up a business is more about the system we build with a team of individuals with distinct roles and responsibilities all working towards one common goal of the business. Hiring people doesn’t solve the equation and gives you value on its own. A business without a GOAL (not monetary value) will perish even with the world's best employees. The role of an Investor is easy when compared to a business owner, he need not put in the efforts to define the business goal, set up systems and employee people. He is required to study and understand all the businesses available and pick the right one that aligns with the individual’s monetary goal and invest on it. In the case of being a business owner or investor, they invest their most valuable asset - TIME initially in setting up the framework which in turn returns long-term benefits. Time is not an abundant/renewable resource people possess, everyone must start understanding it. An employee working for 8-10 hours in his 50s will not be as productive as he was in his early 20s or 30s. Utilizing the time more effectively when you have them in abundance in your early age is a requirement for a successful future.
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