The Secret to Working Less: Making Money That Doesn’t Depend on Your Time

 

(Transcribed audio)

Let's explore this critical idea of disconnecting from…disconnecting the personal time invested from the money that you earn.  Disconnecting your personal-work-invested time from the money that you earn.  

It's absolutely essential. It's a central idea; it's a critical idea.  

Whether you're Warren Buffett or 50 Cent, or literally anybody that hopes to retire; that plans to retire. That's the central element that makes it possible. Right?  

At some point you want the money that you need in order to sustain your life and your lifestyle to keep coming in without you having to keep working for it.  That is what allows you to survive, and maybe even thrive, without working every single day. And if you…once you do that, once you have the money coming in without you working, then you can retire.  And if you never get to where money is coming in without you working, then you can never retire. Or you become dependent on somebody else.  

Until you die.  

Now, on the one hand, that could seem harsh. That could seem challenging. That can seem it's like a heavy thing to bear, to think about. Right? That you need to set something up for yourself. But on the other hand, if that becomes something that we really pay attention to and focus on and understand and think about it a little bit differently, it can actually, or rather, it can also be used as something that can free you up, create a sense of freedom that otherwise would not be attainable if we just did things using the tools and the mindsets and thought processes that have been handed to us.  Because if working to create that income that comes in without us working, if that is our focus, then we can look at things that contribute to that from the outset, instead of looking to make money so we can survive, and making money to “handle our business”, handle our responsibilities.  Right? 

That's the mindset focus that we most of us are given and inherit coming into adulthood without even being told that that's it. But really, we are told that's it, because we're told, 

“You gotta take care of yourself.”
“You can't be dependent on me for rest of your life.”
“You don't want to be a burden to society.”
“You want to contribute to society.”  

All of our messages are about how we can work in order to, you know, in order to basically use the money in order to do the things you need to do. So what if now we highlight something that's critical: getting to a stage in life where we are no longer dependent on our work to sustain ourselves, because we know that our ability to work reduces in some ways, in some ways. (That's a key idea for another post.) Our ability to physically work reduces as we go on, as we live, and can at any point be interrupted by injury, by tragedy, by something outside of our control, outside of our planning, outside of our expectation. So if we value those ideas more: retirement, true security such that if our ability to work is impacted our income doesn't stop, so we don't end up right back in those places that we're trying to prevent by working in the first place: being a burden to someone; being unable to take care of ourselves.  

So why don't we start over our quests to earn money with those things in mind? That is what the bedrock for the things proposed here at Earn Time Not Money. What are things that can be done from the outset that are already set up such that they are not dependent on our on our work.  Right? Not dependent on our ongoing work. They can be created and immediately or in short order, they continue to do things on their own. Not set-it-and-forget-it, but set it and then manage it instead of set it and work full time managing it. 

And that's all…that's all that is being proposed here. While it is not about getting rich, it is one of the components that allows people to become filthy rich.  Because when your income is no longer tied to a physical amount of time, then you truly have unlimited earning potential because now it can scale and it can grow without that constraint. And it can grow way beyond what any job can give because every job is contingent on your time. Right? That's how people end up making $1,000,000 or more a year because they're not earning a salary. They're earning an income that's based on something bigger. 

They’re earning income based on the value that providing and how many people they are providing it to, versus the value they're providing and how many hours they're providing.

Because the number of hours you can provide it is limited to 24/7…the portion of the 24/7 that you're able to work in a sustainable manner. Whereas the number of people that you're providing value to…yeah there's a limit: your limit is 7 billion, and whatever portion of that you can reach. 

So if you're able to provide value to 100,000 people to the tune of a dollar’s worth of value over the course of a year then you've made $100,000. And a dollar’s worth of value is not a lot. The question is, “Can you multiply it by 100,000?”  And the answer to that is, “Yes you can.”  With some of the things that you're given for free. Social media. YouTube. Blogging. That's what this website…that’s what the internet has made available now. 

Access to a value multiplier. 

I think that's it for now. 

Really take hold of that idea. How can work from the outset be thought about in a way that is…that [time] is decoupled, is disconnected, from the value provided, and you can attach that value instead to something that truly is unlimited?  

Or at the very least much, much more vast.  

Let’s go.