Many people say time is money, and they’re right. Unfortunately, the average person spends most of their time on things that either don’t provide them with financial freedom or at least don’t make them much money at all. The result? Most people feel like they never have enough time to do what they want or need to do to succeed financially. Fortunately, if you shift your focus to investments in your time, you can have the same positive results as investors get from their financial investments.
1. Define Your Goal
Defining your goal is essential to ensure that you invest time in activities that will be meaningful and productive. There are no shortages of ways to spend your time, but how do you ensure that what you’re spending it on is moving you toward your objective? If your goal is travel, then it’s a good idea to set aside some time each day for learning about potential destinations. If there’s a skill you want to learn, dedicate time every week to training and studying so that you can achieve proficiency more quickly than if you tried learning on-the-fly. Too often times, we wait until resources are available or until environment is favorable before we begin the pursuit of our goals. But that only shows indefiniteness of the goal. If you are down to achieving something within a set time, it must prompt you to begin where you are, and with what you have. In baby steps, in any little dimension. Break the goal into a simple activity to do now. Ask yourself, what do I need to do now that will be relevant towards my goal? It could be as simple as getting an app or performing a Google search to get enlightened. One little activity will lead to the next, and you will be investing your time wisely.
2. Become a Person of Value
It takes time and hard work, but it’s worth it. By spending your time making yourself a valuable person in your field (and beyond), you’ll be rewarded with job opportunities and personal connections that adds value and money to your life. Spend more time on you, not Facebook or TikTok, and focus on making real connections with people who can help you get where you want to go.
Becoming a person of value means spending time on your personal development, connecting with others, and growing into an individual that serves others. It’s one of those obvious things that sounds great, but many of us never take action on it. We all have different ways we can improve our character and serve others. The key is figuring out what makes sense for you, your goal, and making a plan and consistently executing on it.
When you become a person of value and start adding real value to others’ lives, there are two benefits: 1) You’re rewarded financially by getting more money in opportunities 2) You’re rewarded by being able to help people who need it. This builds confidence in yourself as someone who has something valuable to offer. When people see something they need from you or experience something good from your effort towards them, they’ll want more — so much so that they will go out of their way to give money back to you. It’s not magic…it’s just investing yourself wisely instead of mindlessly wasting time on distractions or social media!
3. Invest in Yourself
Sure, there are plenty of tried-and-true ways to invest your time. Every day we have a choice: Do we want to watch TV? Read a book? Surf social media sites? Or do we want to improve ourselves by reading, practicing a language or craft, honing a skill? Both of them adds to you. But which is junky and which adds real value to you? You know the answer. You can’t give what you don’t have, so why not have a lot so that you can give a lot? The greatest writers are the greatest readers. Top Financial Investors aren’t left out in this principle of reading and being knowledgeable. Investing in Knowledge. If you aspire to be a pro in a specific skill, there are lots of resources on the net to learn about it, free of charge; eg YouTube. You need to read? Gone were the days when books weren’t so convenient to access. Some of which you could only get from a bookstore, or purchase a library membership. Today you can get what you want from a simple Google search!
4. Invest Time to your Passion Daily. In Short, Be Consistent
Each day, invest time into your passion. This habit not only provides satisfaction and self-gratification, it will also bring financial rewards in many forms over time. If you want to be an Instrumentalist, for example, play an instrument every day. Wanna be a fashion designer? Make designs daily. Don’t have the resources? Well, perhaps, you have a smartphone, and most probably, an app to help you practice already exists on your App Store. Look it up.
As a learner, it is often challenging when you start out, but with time and practice, it will become second nature.
5. Don’t Waste Time on Negative People
Negativity is a downward spiral, and it isn’t healthy. If you surround yourself with negative people, it can be tempting to bring those feelings of hopelessness and despair into your own life. If your friends don’t support your dreams or goals, find new ones that do! Surrounding yourself with like-minded people is an easy way to keep up positive vibes – and stay focused on what you want.
6. Domain Knowledge.
You can never know too much about your industry or market, and there’s no better way to get knowledge than by digging into it. Whether it’s reading, interacting with experts, or practicing a skill relevant to your trade, devote some of your time every day—or even every week—to developing domain knowledge. You might already have some on hand, but it’s an important thing to continue working on it throughout your career. This is how investors get ahead: they understand what they’re dealing with and how it works best. For many entrepreneurs (and freelancers), investing in themselves means dedicating time to their industry/skill set; that could mean taking courses, staying abreast of industry trends and attending seminars.
Being an Investor doesn’t necessarily mean you’re into real estate or forex. We are all investors. If you have a wealth of time, youthfulness and energy, even with no money, you can achieve just about every success a good money investment brings.
Set goals, find a work that makes the most sense to you, learn about it, work for people, whether free or paid, read books, explore. In the early stages, you may get paid less than what you spend your time on, but as you ascend this ladder of investing in yourself, and value, you will begin to get paid so much per hour of work, just like people who earn a ton of money for just being consulted in their field. And money, which is a slave to value, will begin to pursue you in diverse ways.