5 Secrets the Rich Know About TIME Which The Poor Don’t Know

byUchechiamara

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4 years ago

5 Secrets the Rich Know About TIME Which The Poor Don’t Know Times means different things to different people and at the end of the day, who you become is going to be as a result of how you treat time. The rich understand this and pay close attention to how they use their time. In this article, we’re going to sharing with you 5 major secrets the rich know about time which the poor don’t.

Secret No. 1 Time is life

Bruce Lee once said, “If you love life, don't waste time, for time is what life is made up of.” Poor people often see time as the clock, the 24 hours, just the minutes and seconds. The rich see time very different. The rich understand that time is life and nothing else. Because of these difference in the mindset of the rich and the poor about time, you’ll notice that you can easily get as much time as you want from a poor man but from the rich, that’s the most difficult thing to get. Some people may think that’s because the rich are often busy with many companies, meetings et cetera. But that’s not true. In fact, the rich are not necessarily people who already have companies or a lot of money. The rich are people with the right mindset toward life and money who may not have all the money now but who are eventually going to be wealthy if they continue with their right mindset. After saying this, you can now understand that even that guy who doesn’t have a thousand dollars will not joke with his time, as long as he’s working toward being wealthy. Time is life. Wasting hours of your life on unnecessary pleasure, socialization, gossip, reality TV shows and social media will only make you poor. While there’s time for relaxation, vacation or entertainment, if all these have become what you spend several hours every week on, you’re not likely to be rich or successful because you need a lot of concentrated time and effort to create wealth and success. You don’t have a life. Your time is your life. If you find pleasure in wasting time, you’ve found pleasure in wasting your life.

No. 2 It’s dumb to sell your time for money

Almost every poor person you can see around you is selling his time in exchange for money. The rich don’t do this because they know that time is too valuable than that. Instead, the rich figure out how to create and sell value. Here is the difference. If you’re selling time, you’re selling a finite object. Since you only have about 12 hours to work every day, that’s the only thing you can sell. If however you’re selling value, you’re selling an infinite object that can easily be duplicated. That’s the reason why the rich focus their energy on creating products and services that can solve human problems. After creating these products or services, duplicating them for a thousand and hundreds of thousands of people who are willing to pay for them is pretty easy and could be done even while the rich are sleeping. This way, the rich never sell time. They sell value and that’s the reason why they become richer. You want to be rich? Stop selling your time. It’s dumb. Figure out an important human problem and try to create a valuable solution. Selling this value can make you rich while selling your time can only pay your bills.

No. 3 Your time can be converted to anything else

Poor people complain about so many things. “I don’t have the skills”, “I don’t have the talents” “I don’t have the money to start a business” Well, you don’t need anything other than the time. Time is the only thing you need and if you’re smart enough, you can convert your time to the valuable skills that can make you more valuable to the society and make you richer in return If you want to start a business and have no money, convert the time you have to the money by doing anything temporarily that can give you the capital. Not having something you need now maybe a major setback but if you’re willing to be patient and invest enough time, you’ll get whatever you need to be whoever you want to be. If you see time as the most valuable asset, you’ll learn how to convert it to any other thing you need.

No. 4 Great Things take time

Because poor people have no respect for time, there are just so many things they get wrong, one of which is the fact that they always want to get what they want right here and now. Stop deceiving yourself. Things don’t happen by magic. Every great thing takes a lot of time. Warren Buffet said, “You can’t have a babe next month by impregnating nine women today”. The rich understand this and that’s why they play a long time game. Poor people look for short cuts, how to get rich quick and gambling and that’s why they never get rich. Great things take time and you must respect that. If you want to do anything worthwhile, you must be willing to invest the time. Stop looking for short cuts. Sacrifice whatever time it takes to achieve your goals.

No. 5 You can have more than 24hrs

Poor people have only 24 hours in each day and they still misuse it. Rich people know how to get few hundred of extra hours each day and that may surprise you. Here’s the thing; Delegation. If there’s one thing the rich know how to do very well, that’s delegating. Poor people do everything they need to do all by themselves. Rich people concentrate on what they alone can do and delegate anything else. Some people will argue that the rich can delegate because they have the money to employ people but that’s not true. Many poor people will rather work 2 hours to save 5 dollars than to invest the 2 hours in reading a book about money or doing something more valuable than 5 dollars, not because they don’t have the 5 dollars, but because they don’t know the value of 2 hours. In summary, if you want to change your life, change your mind set about time. Time is the ONLY thing you have and your failure to invest it properly will lead you into poverty and failure. Stop wasting time. Start living life.