As a person you are limited by the amount of working hours you can earn, not to mention life gets in the way with things like sickness, tiredness, mental health and personal issues.
If we break down the average person’s 24 hours they’d have 8 hours of sleep, 8 hours of work and 8 hours of leisure/life admin time. Physically working your way to success might be an initial idea but it’s not ideal as a long-term plan for wealth building into old age.
Consider the difference between digging a hole with a spoon versus using a shovel. Both involve effort, but the latter is far more efficient. A change in mindset is what’s required.
Hard work may earn you an income, regardless of how modest it may be, it’s what you do with that income that makes the difference. “If you don’t find a way to make money while you sleep, you will work until you die.” quoted Warren Buffett.
It’s no longer about the everyday hard graft.
It’s now about brains and thinking of solutions to use your time wisely to generate an income around the clock. There is an Illusion that effort equals outcome however, this oversimplification ignores how complex it is to accumulate wealth.
The future is now, and you can see the vast changes in technology, machines and AI are automating jobs. It won’t slow down. Have you looked around your local supermarket lately? There are more self-check-out machines than staff at the tills. It’s not just about working hard; it’s about working smart. Strategic decisions, innovation, and adaptability play crucial roles in achieving financial success.
The main difference between the average man and the wealthy man is that while one is working hard, the other is also thinking hard about how to best leverage his resources. Wealthy individuals understand the concept of leverage. They use money, networks, and systems to multiply their efforts.
I would strongly suggest that everyone takes a moment to review their skills and relevance in the jobs they work.
Even if you run your own business, how could you innovate or stay relevant in the marketplace you serve? successful entrepreneurs delegate tasks, hire talented teams, and create scalable businesses.
Sure, there are jobs that tech won’t touch for many years, but you can’t build wealth or financial security with just two hands and your limited time.
Make your money work as hard as you do, or better yet work even harder than you do.
A point to take away is your job shouldn’t be your hardest work. Self-development and investing in your knowledge is also very important.
I’ve always said the purpose of money beyond survival is to build financial freedom for yourself and for those you love.
