The desire for more wealth and security has always been a constant yearning for humanity. This driving force leads to what we call economic growth.
As we enter the 21st century there are many new trends in terms of creating wealth, and these developments provide us with new opportunities as well. We need to become disciplined creators of our own lives to take advantage.
One phrase comes to mind when considering one's ability to earn money vs their time; you have one asset, your time, and two resources, time and money. We may also think of other resources like knowledge and experience as a resource but this essay will mainly focus on two out of the three aforementioned items = Time + Money.
Your greatest asset is your time. Why? Time equals power. The more you spend on it, the more productive and how much earning-ability increase there are.
Apart from getting a full-time job to build wealth, taking up a side hustle could help you earn some money as well – not only cash but also transferable skills in entrepreneurship that could potentially change the course of your career.
It can take some time to start with a side hustle though. Planning, identifying an idea that is both feasible and scalable, and things like this require time devoted to them. A key aspect of something successful a business is its management process, which is also necessary time. You have to be able to see the bigger picture. You have to be able to see the bigger picture of what you're doing and that requires a lot of work, at least with something like building your own business. One more point on this one: Building a successful business takes years when starting out.
This post presents the concept of delayed gratification and the idea that one's short-term resources can generate long-term benefits. It also includes how this differs across different demographics, like race and socio-economic class.
Individuals have to think about their skills and time in a very deliberate manner. And this can vary depending on what kind of person you are for some people, time is their greatest challenge because they have plenty of it but don’t know what to do with it; for others, time is their richest resource because they use every minute wisely to maximize its potential.
It then goes on to further explore various opportunities available in life depending on one's system of values and beliefs, suggesting that trust has a lot to do with how we choose opportunities in life. This post introduces the idea of "following your heart" before concluding with a section about keeping your integrity. The chapter concludes by suggesting that the best way to achieve happiness is to live according to our values and beliefs, rather than living according to the values and beliefs of others. Doubt and fear can be a big part of happiness.
