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Who wins- money or time?

Updated on September 19, 2016

Consider this example, you have in this way or that way been handed with 100 (1.000, 10.000, 100.000...) dollars. The fact that you did not have that money before, means that you have created it from nothing- something.

If you have your own creative potential (ability, talent, knowledge...) to turn into a financial power by your creative expression, making it into a product that is submitted to other people, then this should be the only right way of making money, and revenues shall arrive regularly.

But, at the ego level, things are somewhat different.

Ego– incomes:

The first version of an ego- income is the belief that you have earned that 100 dollars, say GOT IT- as a reward or recognition for your value, or by thinking that others gave you the money, not that you have created it yourself. In this case you are not (and never will be) satisfied with your salary, regardless of how big or small it is. Everyone thinks that their work is better compared to what they earn from it financially. Each employee thinks it is being withheld. You can give him "towers and villas", he will still be dissatisfied, while having the "boss" being accused of being unfair .

It is the same with entrepreneurs, just as they accuse the market, the official policy, customers... They think that they are depending on them. Anyway, they see it as if they are being underestimated, and that they should get more. They believe that they are of a somewhat more value, but the others are stopping them for various reasons.

Ego- incomes can be achieved by someone voluntarily funding you. In this case you have (mostly unconscious) belief that you are entitled of being financed, for you are helpless and incapable of making enough for yourself. The only question is "for how long"? Of course, until you change that belief. Do not worry, life will allow for this situation to repeat itself as long as it not understood.

The third situation is theft. This is the same as the previously mentioned financial aid, only using a different disguise, in which no longer do you have to wait for mercy and depend on anyone, but you yourself are take action to reach revenues. Thus generated revenues are the result of same beliefs- that others have a surplus that you miss, and it is therefore right for you to get it. Hook or by crook. Every thief is a kind of Robin Hood. Just as he believes that he is "the poor one" which should be allocated with the kidnapped loot.

Now, these are the three ways in which you receive your income: profit, social (humanitarian) assistance and theft.

The truth is that, your income status is the status of your consciousness. The only real incomes are the ones you accomplish by the work that you love, without forcing anything, and that you submit it for other people to use. So be it.

Now, you have in your possession one hundred dollars. What do you do with it? Ideas coming to you? Some thoughts? In that answer is the resolution of your financial freedom, well-being and prosperity. Cash management is a superior skill, as I have said, in need to be learned.

As I am writing this, I receive a text message from someone I have invited to my aunt’s workshop: "I cannot come to the workshop, recession is striking, you know yourself times are hard, but I invite you to my show, just say when!"

People buy because- they need stuff

Why can she not come to the workshop? She is convinced that there is no money to pay with. It is true that she just does not need this workshop. And that is okay. Then, why telling the story about the recession?

She invited me to her show. I do not have to pay. I can come for free.

And what if her show is of no use to me? How do I justify my disinterest? The first thing that comes to my mind is that I do not have the time. But, she offered a number of terms, in the beginning.

A free show

She wins, for all I care. I have no money is a stronger argument than I have no time. That leaves me only to say honestly- thanks for the call, but it just does not suit me.

Well, this is another example of how the ego thing functions. We are not being honest, because we do not believe in our own value, and we fear that we would hurt others, and indeed we are afraid that the others shall hurt us. Until we realize that other people buy our products because they need them, and not to confirm our own personal value, we will be embarrassed to say, simply and honestly- no, thank you.

Until then, money and time shall remain our universal excuses. The problem is that it has become a mantra that keeps us in poverty, regarding both the money and the time.

Happiness is not in the mere possession of money; it lies in the joy of achievement, in the thrill of creative effort.

— Franklin D. Roosevelt

Any tips on saving both time and money? Incoming!

Fast food impacts your budget greatly

Although purchasing finished dishes seems more practical, avoid it whenever you can because it literally swallows up your money. For example, instead of ordering a pizza, buy some beans and sausage and prepare a dish you can enjoy for entire two days.

Plant vegetables

You can save money if you plan a menu according to seasonal ingredients. Fruits and vegetables that last longer or can be frozen buy in larger quantities. If you can, plant vegetables in your own garden, for it is fun and relaxing too.


Disciplined grocery shopping

Keep a list of ingredients you ran out of taped to your fridge. In that way you should only buy what you need, shop once a week bringing the list with you.

Be aware of retail tricks

The products that are most often purchased are usually located far away from the entrance and at the very end of the store so that you buy as much as possible things along the way. The most expensive products are placed at the eye level, and the cheapest ones on the bottom shelf.

Chocolate bars and chewing gums are draining your wallet

Honestly, if you cannot give it up, then buy half the amount you used to buy.

Smoking cessation is a champion when it comes to savings

Depending on how many cigarettes you smoke, you can save a significant amount of money simply by not purchasing cigarettes. If you smoke approximately one pack of cigarettes per day, you can potentially save over $1000 per year. You also get to wave that lung cancer goodbye!

With larger bills less money is spent

Keep larger bills in your wallet, especially for outings. People spend more if they should pay with smaller bills, and if you happen to want to buy something, you will think twice if you wanted to spend as much!

Eco batteries do pay off

By purchasing a battery that can be recharged over and over again instead of a regular battery you will not only pollute the environment less, you will put some money on the side too. Quality batteries can be recharged up to a thousand times.

Clothes are washed just as well at a lower temperature

Washing clothes at 40 ° C instead of 60 ° C will save up to 35% of electric power, with clothes just as clean. Also, fill up that machine, fill it all up!

A dollar a day

Put one dollar in your piggy bank every day during a course of 365 days, and do the math! (It is 365 dollars)

In the end, here are few questions worth thinking about:

Do we appreciate time more than we appreciate money when we are older and more financially stable? Do people value time because they know that money does not buy happiness? Or are we a generation that prefers life's pleasures over the state of our bank account? Can we appreciate time as well as earn big bucks, or do we have to choose just one?

Time Management from the Inside Out, Second Edition: The Foolproof System for Taking Control of Your Schedule -- and Your Life by Julie Morgenstern

Cast your vote!

Which one do you find more important in your life?

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