Mad_About_Money_final Mad About Money_Dec 2016 - Page 20

MadAbout MadAbout Money Money P While growing up, we all were lied to. We were told the misconception that if we follow the conventional career path that requires us to work 50 hours per week, then we can get a stable salary. In other words, if we get to office early, stay till late, and even come to office on weekends, then maybe our salary will increase one day. Stop trading time for money and start trading VALUE FOR MONEY 20 lus, if we work for long hours, we would be able to save a sufficient amount of money and retire at the right age. However, you must know that all this is a fallacy. Who said that we need to trade our time to earn money? In fact, it is one of the biggest hoaxes of society. Why you should stop trading time for money? Time is really important and no money can replace our time. If you believe that by trading your time for money, you can lead a happy life, then let me tell you that you are wrong. Have a look at some of the reasons as to why trading your time for money is not good. 1. You have limited time If you trade time for money, your earning will constantly be limited. This is because each day has only 24 hours that you can devote to pursue money. And, in these 24 hours, you need 2 hours to travel to and from work, 8 hours to sleep, and 4 hours in total to eat, cook, relax, tend to hygiene, and spend time with family and friends. This means that you are left with only 10 to 12 hours to trade for money and that is it. Spend your time wisely by dividing it equally between your work and personal life. 2. Promotion is not necessary And, even when you devote a lot of time working, it is not necessary that you will get that promotion at all. Maybe someone is more deserving of that promotion. This means that you will wait for years to obtain that job promotion and at the end you may not even get it. 3. You will pay more taxes When your income increases, you have to pay more taxes on it, which limits your income. This means that the more money you make, the more you will lose it in the form of taxes. 4. No fun time or contribution to the society When you constantly trade your time for money throughout your life, you get limited time to pursue the things that you love to do, such as a hobby or giving back to the society. This means that you will not be able to contribute your share to the world. How to trade value for money? With all these reasons, you can know that it is high time that you stop trading your time for money. Instead, you should get onto a sustainable path in order to spot trading your time for money. Some of the things that you can do to trade value for money are: Change your mindset that you need to trade your time to make money Become an expert in your field Build your authority around your expertise, so that people can discover your proficiency. These are some of the ways through which you can trade value for money. 21