Taking Time Out Of The Money Equation

Take time out of the money equation to live a life of abundance and wealth.

Do you believe that time is money?

The work we do is measured by units of time. The only difference between an employee who works for an hourly rate and the employee who works for a salary is the unit of time.

Whether you are paid by the hour, biweekly, or the year, the amount you get paid depends on the amount of time you work.

The truth is, time is not equal to money. Time is far more valuable than money because time comes to us with an inflexible limit.

It doesn't matter where you live or who you are. It doesn't matter what you can do. You have 24 hours each day, just as everyone else has 24 hours each day. It doesn't matter how much you earn per hour. It doesn't matter how high your salary is. It doesn't matter if you lose your job, or get a raise. However your income is measured by time, you have only 24 hours each day, 365 days each year.

Robert Kiyosaki's Cash Flow Quadrant idea fascinates me because of the difference in mindset bewteen entrepreneurs and employees.

According to The Cash Flow Quadrant, people are employees, self-employed, business owners, or investors.

Employees and Self-Employed are on the left side of the quadrant, and Business Owners and Investors are on the right side of the quadrant. What is the primary mindset shift which allows someone to move from the Employee/Self-Employed side of the quadrant to the Business Owner/Investor side of the quadrant?

In other words, how does someone begin to think with the mind of an entrepreneur?

First of all, the change in mindset requires that you separate time from money. anytime you trade time for money, whether you do it as an employee or as a self-employed person, you are not made the mindset shift of an entrepreneur that will allow you to move to the right side of the Cash Flow Quadrant.

The commmon characteristic of employees and self-employed people is that both types of people trade their time for money. This means that the amount of money you can earn is always limited by time. It doesn't matter how much your earn for any unit of time, your time is always limited, and so the money you can earn is always limited by time.

This means that your income is always limited by time.

The point is: If you want to take the limits off the amount of money you can earn, take time out of the money equation.

Article Source: http://blogticles.com

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