Tag Archive money

What is the greatest asset

Which Is The Greatest Asset?

Today, I want you to think about which is the greatest asset?  Is it money or time?  You may have other ideas concerning assets, but I’m here to reinforce something you may already know.

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Money is not an asset.

  1. Money is a concept, an idea.
  2. It is a medium of exchange.
  3. Before money existed, people bartered.  They exchanged one thing of value for another.
  4. Money’s value is subjective.  This explains why we hear the value of the dollar changing constantly against other currencies.
  5. The amount of money you make is only proportionate to the amount of value you put in the market.
  6. Your skillset can make you a lot of money, but that alone will not make you rich! (You will have to build a full-time business around that skillset and grow that business effectively.)
  7. People go back to school to increase their skills so they can make a lot more money.
  8. If your skillset becomes obsolete can you still make money?
  9. The middle class and the poor exchange their time for money.
  10. The wealthy have learned to spend as much money to gain their time freedom.

Your time is your greatest asset.

  1. Your time is finite.
  2. Your time is worth more than any amount of money, although on a job you’re setting your time to be worth a certain amount of money.
    1. For example, at $100K per year, one hour is worth only $50!
    2. If you make $400K, your hourly rate is still $200!
    3. I know folks who charge $1000/hour and realize their time is even more valuable.
    4. How MUCH is your time actually worth?  (Don’t try to lock yourself into a number!)
  3. When you value your time you’ll stop watching television and start creating value.
  4. Don’t let anyone waste your time.  (Run from time wasters!)
  5. You can never get time back. (Focus your time on implementing and testing.)
  6. Invest quality time in your spouse and children.
  7. Invest time in ideas that ultimately generate lots of money.
  8. Invest time in building relationships.  (Business is all about building relationships.)
  9. Invest time in your own growth, even if it’s just one hour a day!

Listen to the Podcast above and let me know if this article was worth your time (Just comment below) as my passion is to share the value that I’m receiving through my mentors and teachers as I implement these principles in my own life.


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The Wealthy Bring Value To Others First

The Wealthy Bring Value To Others First

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The wealthy bring value to others long before they need to be paid themselves.

What value are you bringing to others so that ultimately you can get paid.  A lot of us hate the rich because they’re seemingly making money hand over fist, but what we tend to disregard is the fact that the value they have created in their products or services is what has made them rich.  Those who are rich have provided jobs, housing, transportation, distribution systems to get food from one place to another, etc.  They usually build large companies to facilitate product and service delivery, and sometimes they partner with governments to get the work done and provide jobs in the process.
glass of money

You’re here because you want to learn to deliver value yourself.

Regardless of your business, your focus is to bring value to as many people as possible.  Some of you are stuck, thinking that if you bring value to a few people and they buy your product then you have it made.  I used to be there, until I realized I need to get my business in front of as many folks as possible for its value to be realized back in terms of the investments I had made.
So until you start putting your value in front of a lot of people you’re not going to see the multiplication that can happen.  And you must be targeted. You may be looking at those who work the pipeline or the distribution system of the rich, and say that they’re not rich, and you’d be right.  The wealthy are those who took the time to think about the pipeline and took most of the risks with the lenders and creditors to help create the distribution system they saw in their mind.

To the wealthy, money is an idea, not necessarily value.

 Currency dictates what money is worth at the moment.  People exchange time for money but money simply represents the value that we agree to.  In societies without money, value is approximated through bartering based on the worth of the items that are being bartered.  Money is a means of exchange, not necessarily value.  The wealthy value their time and they’re willing to pay as much money as possible to delegate as many tasks as possible so they can be free to think about new ideas that can generate even more money.  This is why the rich get richer; not necessarily because the government gives them tax breaks.  The government will of course give tax breaks to those creating jobs, and housing and causing the economy to produce.  Understand those who are in that position are not the people making just a six-figure income yearly.
So how do you buy your time back?  Your time is your greatest asset!  Your products and services are created to help you gain your time back by putting it in front of as many people as possible.
1.  Think about serving a lot of folks at once.
How many are you putting your products in front of?
How many do you plan to put it in front of?
Look, I’m willing to pay FB to publish my posts to more folks, and putting out ads just so my products and services can be in front of as many people as my marketing budget can help me reach for now.
2. How much value do you intend to put out there?
 Ultimately, your focus is to free your time.
3. Connections ultimately create value because money and opportunity are hidden behind each connection.
 When you start thinking you start shifting your paradigm to where you start delivering value.  People are looking for value, and you’re always receiving value yourself.
Remember, don’t give junk, give value!
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