“Time is Money!” We have all heard it. Of course those who make more on the exchange rate (more money per hour), their time is typically a more precious commodity. I literally have friends on the linear income side of the fence that when I have asked to sit over coffee they have the audacity to say, “What’s this about?" or "What’s in it for me?" or "Remember Shaun, time is money.” Now that is fair I suppose... if I took a salt water fish and put him into non-salt water the longer he is in the fresh water the closer to death he becomes. The longer a linear income person is away form their work the closer to financial death they are. Sucks if you get sick, or heaven forbid want time to enjoy like a vacation.
The Salary Argument
I often hear from business colleagues and friends... “Well Shaun, It’s okay because I am salary.” My thoughts are how sad it is when a slave in bondage doesn’t realize he is a slave in modern day slavery. So you are salary and that is suppose to do what? My experiences show and have proven that you can no longer control your schedule, you now have no overtime (give time for free, blows a hole in the time is money concept), and work until the job is done. How is this ethical, in balance of life, or bringing wellness to any company or employee?
You can’t have time and money while earning linear income. Think about this. If you want time off you either have to earn it (PTO - paid time off) through giving of time or get it as a sign on bonus or you take the loss and take time off without pay. Or you can make good money, but you are exchanging time for it.
Residual income breaks the chains of bondage because you now can do what you want when you want with the income still coming in to now truly build time and money together.
So the real question is how long are you going to keep doing what you are doing, exchanging time for money, while expecting different results, to someday have time and money? That is called insanity. Our government social security is broke both physically and monetarily. You are screwed if you are banking on that. The reality is if you want it you must make it. If it is meant to be it is up to me! Most people are gambling in the biggest lottery ever called 40-40-40 Lotto. Give 40 years at 40 hours per week to retire on 40% of their income, this is pitiful!
Many people I know would like to know how to earn residual income, if that is you then click HERE to learn a little more about your options!