Mad_About_Money_final Mad About Money_Dec 2016 | Page 12

MadAbout

MadAbout

Money

Money

Making money
by selling time
vs. making money
work for you

MANY PEOPLE ARE CONFUSED
ABOUT WHETHER THEY SHOULD
MAKE MONEY BY SELLING THEIR
TIME OR SHOULD THEY MAKE MONEY
WORK FOR THEM. THE LATTER IS
NONETHELESS TRUE. THIS IS BECAUSE
YOU HAVE GOT ONLY LIMITED TIME
AND YOU CANNOT INCREASE YOUR
EARNINGS AFTER A CERTAIN LEVEL.

will work for a few hours
for the same amount of
income, which in turn will
save your time and allow
you to focus on other
important things too.

Build your
expertise and
influence

P

lus, it is not even
necessary that
you will get that
promotion, even after
you devote a lot of time
working to your best.
Taxes also cut down your
income and you are even
unable to make an impact
on the world by giving
back to the community.
Due to all these reasons
you should not make money by selling your time.
Instead, you should make

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money work for you. But,
the question here is how
you can stop trading your
time for money and make
money work for you. In
order to do so, you just
need to follow the below
mentioned tips

Change your
mindset
The first and foremost
thing to do is to change
your belief and mindset

that you have to trade
your time in order to earn
money. This way you can
open up your mind to a
lot of possibilities. There
is no rule that says you
have to work for x hours in
order to make x amount
of money.

what assets, knowledge,
connections, ideas, or
skills you possess that
people will value. Plus,
you should contemplate
the value you can make
for other people and the
way in which you can
deliver it.

Therefore, you must
consider trading value
for money and not your
time. For this, you need to
identify your competency
and strength. Find out

Increase your
time’s value
You must consider
providing professional

or freelancing services
for your time in order to
increase the value of your
time. Rather than working
with ten clients, who will
pay you Rs. 200 for an
hour, you should find two
clients who will pay you
Rs. 2,000.
The important thing here
that you need to learn
is that you should focus
on a few things that can
deliver a good number
of results. This way you

Once you know the
value and strengths
that you can give to
other people, you need
to build your expertise
around it. By developing
your expertise, you
can create larger value
for yourself as well as
others, since now you
can solve problems
that not many people
can solve. However, it
takes work and time to
become renowned as a
professional. This is why it
is important to build your

authority or influence. By
building your authority
around your proficiency,
you can aid people
discover your ability.
Through this, people will
hear about you and your
expertise.
After all, if no one knows
you, what’s the use of
your expertise? You can
build your authority with
the help of influencer
associations, press and
media, case studies,
and testimonials. By
developing expertise and
authority, you can trade
value for money, improve
your time’s value, and get
lots of opportunities.
Through these three tips,
you can make money
work for you, instead of
making money by trading
your time. Make use of
them and save your time.

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