Time Is the Ultimate Success, Not Money | Entrepreneur (2024)

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Why do we work so much? I know the answer is "money," but why? Yes, we need to cover our cost of living -- your true basics like food, clothes and shelter. But after that, what are we working for?

The short answer is luxury. We want to get our hands on some luxury.

For some, that's cars, watches, boats and all of the other flashy things we see scrolling through Instagram. For others, it's art or travel. Everyone has their own definition of luxury.

Related: 5 Ways to Get Your Time Back

But that shouldn't be the reason for our lifetime of toil. It should be for time. You see, time is the true measure of success -- the real currency of an entrepreneur.

We work our lives away to buy objects of luxury instead of enjoying the luxury of our time on earth. We should be yearning for free time to do what we want, not what we must. We should want time to do the things we like, not the things we dislike. Forget the desk job. Forget cleaning the house. Forget mowing the lawn or cooking dinner. If you don't like it, the luxury of having extra money should eliminate it from your life.

This isn't a rant promoting unadulterated laziness. I'm a firm believer in work, especially deep work in your creative pursuits and hard labor in your physical pursuits. I'm also a firm believer in not doing what you hate.

For my own creative enjoyment, I enjoy writing -- both words and code. That's my deep work, and no matter how much money I have, I'll never outsource that. In the physical world, I enjoy lifting weights, fighting and doing yard work. Those are things that I won't be cutting down anytime soon. Since I enjoy those things, my time isn't better spent eliminating them from my life. But certain aspects of them can certainly go.

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I love weight training, but I hate planning my workouts. It takes me too long to figure it all out. Thankfully, that's a problem that money solved in my life. I have an amazing trainer who sets it all up for me, giving me my time back. I love writing, but I hate publishing my work. Thankfully, you can hire a content manager (or team) to handle that. Prime examples of money buying my ultimate luxury -- time. Time that can be better spent doing things that either make me more money, which I can use to unlock more free time, or that I enjoy, like reading or hanging out on a beach with my family.

Maybe I want to tighten up my Jiu Jitsu game. Maybe I want to create a cool bonsai tree. Maybe I want to learn to play chess or learn a some new tech that could advance me in the professional world. Maybe I just want to sit on my ass and read or play a video game or watch some mindless tv for an hour every now and again. These are things that we work for.

Freedom versus the slavery of materialism

Only after you've unlocked your free time is it even worth pursuing the material. Fancy cars aren't my style, so why would I waste money that could be used unlocking my freedom, on a cool car? Unless you truly enjoy driving cars (which I do,) washing cars (which I don't,) fixing cars (meh) and everything else that comes along with it, you're spending your time to make money to buy something you don't truly love. That's backwards.

Related: 7 Life Changes I'm Making in Order to Crush 2018

Love to travel, but only get one week long vacation a year? Go somewhere for a month or two. When you're not working a full-time job, you'll have the time to explore new ways of making a living if you want more months like that.

Do you really love exotic cars and want a Ferrari, but you're just settling on the Mercedes? Take that money, buy some more time, and spend it building a business that makes you the money instead of your boss. Instead of that Benz, put that money into buying more time. That's now what defines you as successful.

Time Is the Ultimate Success, Not Money | Entrepreneur (2024)

FAQs

Can you be successful without money? ›

Bottom Line. While money can make it easier to start a business, it's certainly not necessary. If you don't have a lot of cash at your disposal, you can still fulfill your dream of becoming your own boss.

Does time matter in success? ›

Therefore, the success of any person does not only depend upon the hard work; it depends upon how efficiently and effectively one manages the time.

Why should an entrepreneur calculate the value of his or her time? ›

In summary, valuing your time allows you to maximize your efficiency and get compensated fairly for your efforts (when appropriate).

Can you enjoy life without money? ›

It is very possible to enjoy life without money with a little effort and brainstorming. You can trade and swap for things like clothing and books, and shop cheaply for other items. With some creativity you can enjoy a host of free or inexpensive activities with friends and family.

How to start living without money? ›

How to live off the grid with no money
  1. Do a work exchange. If you're new to the off-grid life, a great way to start is through Worldpackers. ...
  2. Join an off-grid community. ...
  3. Find low-cost or free land. ...
  4. Construct a cabin or tiny house. ...
  5. Grow your own food. ...
  6. Fish responsibly. ...
  7. Forage for edible plants. ...
  8. Collect and filter water.

Why time is very powerful? ›

Time is the most powerful force in the universe. Nobody controls it. Nobody can stop it. If you make choices that make time your ally on a daily basis, then nobody can prevent the trajectory of time from benefitting you in the long-run.

Why time is the key to success? ›

In conclusion, effective time management is a key factor in achieving success in both business and life. By prioritizing your tasks, creating a schedule that works for you, and eliminating distractions, you can increase your productivity, reduce stress, and achieve your goals.

What do successful people say about time? ›

Highly successful people feel the passage of time. They know the potential that every minute holds.” Most people believe they need a list of tools, tips, and systems to manage their time properly. What you truly need is a shift in mindset: you just need to start looking at time as the most valuable thing you have.

What do entrepreneurs value most? ›

Personal values that an entrepreneur needs are attributes such as honesty, passion, determination, and confidence. No one likes to do business with people that are arrogant, selfish, dismissive and egotistic. Any business venture is a reflection of the entrepreneur's personal values, attitudes, and beliefs.

What is my time worth? ›

To calculate the value of your time, you make the following calculation: (Annual Income) divided into 1,903 hours = the actual value of each hour of your work. This calculation tells you the amount of money you generate each hour. It doesn't tell you the amount that you could generate in an hour.

Why should time be valued? ›

It can make us more productive every day and help us achieve our goals in life. So take control of your time; do not let it control you! The value of time is something that everyone understands. Time is a precious commodity that we all have an equal amount of, and it is something that should not be wasted.

Can you be rich without having a lot of money? ›

Liquidity is a form of wealth.

If you have liquidity, you're more likely to actually feel rich, even if you don't have a lot of money. Spending less than you earn, having at least a small pile of cash, and being debt-free are all it takes to get there.

Can the world do without money? ›

Yes, a society without money could theoretically exist. Such a society would likely operate on a system of bartering or mutual aid, where goods and services are exchanged directly between individuals based on need and availability.

What to do if you have no money? ›

Whatever your situation, here are 13 fun things to do that don't cost money with friends and family:
  1. Go on a picnic. ...
  2. Go to no-cost museum and zoo days. ...
  3. Give geocaching a try. ...
  4. Leverage your chamber of commerce. ...
  5. Take a historical city tour. ...
  6. Visit a farmers market. ...
  7. Go camping. ...
  8. Do a photography challenge.
Feb 14, 2024

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