Free yourself from the “time equals money” constraint

Instructions

  1. Develop passive and scalable income.
    Set aside some of your income and invest it so that it’ll work for you and give you more time in the future. Passive income streams only require a minimal time commitment on your part to be set in motion. Some examples include term deposits, bonds, and rental income.

  2. Aim for both income and capital gains.
    If you focus only on capital gains, you’ll be asset-rich but cash poor. An example is when you overinvest in your own home, with no rental income coming from it. Focusing purely on income is not optimal either. A term deposit, for example, will only provide interest income and no capital gains. Get a rental property instead. It can provide you with both an income stream and frequent capital gains.

  3. Become a business owner.
    Run your own business and leverage your time by having other people work for you. Make sure it’s in an area you understand, and it’d help a lot if you’re also good at it.

Insights

No insights yet

Take action!

Our mobile app, Mentorist, will guide you on how to acquire this skill.
If you have the app installed
or