The average person lives 28,105 days. By age 18, we have lived 6000 of those days. Doesn't seem like much when you put it to numbers does it? Society often tells us that money is the most important commodity. We try to get the top corporate position so we can make that large income to buy us all the things a good life requires, but this philosophy is wrong. The most important commodity is something that you can't buy, its that 28,105 days that you don't control; time.
We can never get more time, but we can choose what to do with the time we have. My dream is to have complete control of my time. I don't want a boss or a job deciding when I can or can't see my family or have vacation time. I believe everyone can and should get to this dream, but how do we survive the time we have if we don't have a job?
Robert Kiyosaki, author of "Rich Dad, Poor Dad" speaks of 4 quadrants we fall into to get our income. E is for employee, S for self-employed, B for big business owner and I for investor. Using these quadrants you can figure out where you are and find out how to get to the point where you control your time.
A person in E will always trade time for money. The problem with that is time is more valuable than money, but obviously you can't survive to enjoy your time without money. This creates an unsatisfactory Catch 22. If you love your job then you at least are enjoying the time you are trading, but the fact is that time is being spent with something or someone other than those whom you most love and want to be with.
A person in S is a fantastic start. The self-employed have created their own business and are on the way to independence, but they still are trading time for money. They don't have a job, they own a job and whether they like it or not if they don't work they don't get paid.
B and I are the way to truly control your time.
A B is someone who owns a business system that works for them whether they work or not. Ever see Howard Schultz make a Starbucks coffee? That's because he's a B. The CEO of Starbucks makes money every time anyone in the world buys coffee, but he never has to step foot in a Starbucks unless he wants to. A B owns a franchise, creates a corporation or has a network marketing business.
I is probably the hardest quadrant to really master, though anyone can do it. It stands for investor. And investor doesn't even have to leave the house to make her money multiply. Investors don't even have to physically have their money to get more. It can sometimes be like a game of bigger and better. Investors can sell properties, stocks or assets they own at a profit, turn around invest that profit in something better and then turn around and sell the new investment at a profit all before any money is physically exchanged.
If you want to become a B or I and really control your time you need to start by educating yourself on business and investing. I recommend Robert Kiyosaki's book "Cashflow Quadrant."
And check out the other articles on this blog for more about freeing your time and making the income you deserve.
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