Pretend you don’t get paid a salary + bonus/commissions.
Instead, imagine you’re paid by the hour.
You’re also an animal and work 17 hours a day. (You sleep 7 hours a night and work every waking second.)
Because you work so much your lawn is overgrown and the neighbors are starting to complain.
So you decide to cut it. It takes one hour to mow your lawn.
Our average Financial Zen Member earns $150 per hour ($300k per year).
So cutting your grass will cost you $150 because that’s one hour you can’t work.
But wait, a neighborhood kid cuts grass for $40.
What should you do?
Pat yourself on the back if you’d hire the neighborhood kid. Of course, you would. You’ll come out $110 ahead.
And THAT is how the wealthy think about their time.
Time is money.
If you can hire someone to do a task for you for less than your hourly rate, then you’d be wise to take advantage of that opportunity.
That’s as true with cutting grass as it is with doing your taxes as it is with managing your money.
Penny-wise and hour-foolish is an excellent way to stay “poor”.
The wealthy focus relentlessly on maximizing the ROI on their time.
