💰Buying Back Your Time

read time 2 minutes

Hi there,

Time is money. Here’s how I get richer by spending a little more.

If you want to build wealth in the long run, you’re going to have to spend more money.

As you grow in your financial journey, things change. There comes a time when you don’t have enough hours in a day to do everything you need to. You transition from budgeting and cutting down on expenses to wanting to optimize your time. This is when a high-level mindset kicks in. If you can make more in an hour working, then it's gonna cost you to save. Let me break it down for you.

I recently moved out of my parents' house to a small bachelor pad in Irvine, bringing me closer to the city and increasing my opportunities for work. This has helped me rediscover how effectively I use my time.

Where I could be wasting time in supermarket lines, I choose to have my groceries delivered. Where I could be spending hours looking for a place to park at the end of a long day, I pay for a permanent spot that will buy me back my time. 

Why am I spending more money on little luxuries? Because it helps me make more money in the long run. Whether I’m using this time to grow my wealth, enjoy some downtime, network, or work on my personal growth, it is still a better use of my time than wasting it on the eventual inconveniences of life.

If I am able to make $100 an hour, I can spend $10 extra to have my groceries delivered. This is the long-term, wealth-building mindset that has helped me make millions of dollars. 

But first, you start by figuring out how much your time is worth. 

Here are some questions to ask yourself:

• Is eliminating this activity going to make your life easier and give you more time in a day?
• Is the activity you’re eliminating going to cost you more than you make?
• Are the costs associated with the activity easily executable by someone else?
• What is the cheapest and easiest way to eliminate this activity from your schedule?

At the end of the day, only you can figure out how to manage the little nuances of your life. So be smart, make calculated decisions, and work towards optimizing your life in the long run. 

Find my best teachings in your very own step-by-step money plan. Answer a few questions here to customize yours. 

Using my affiliate link helps support my team and I to create new content for you every week. Thank you! 

- Milan and Team

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