| Happy Valentine’s Day! Here’s some thoughts on how to maximize the quality and quantity of time spent with your loved ones. Money Abundance Mindset Focusing on scarcity with your money is focusing on an imaginary limitation. You can always get more money. You can level up your skills set and get a higher paying job. Or you can start a business and uncap your earnings ceiling completely. You can even overcome a dumb investment decision by learning from it and not committing the same unforced error next time. Getting more money isn’t necessarily EASY. But it is 100% possible for anyone willing to put in the work. Time Scarcity Mindset HOWEVER, you know what you can’t get more of? That’s right. Time! Focusing on the scarcity of time will serve you well. It forces you to think about ways to leverage every minute you have to maximize your Return on Time. Which one would maximize the ROT for a Saturday afternoon? 1) Spending it with your kids or 2) Spending it doing your own taxes? Two sides of the same coin They go together like peanut better and jelly or Calvin & Hobbes or the Super Bowl and commercials. A time scarcity and money abundance mindset is the winning combo. You’d pay $500 to have someone else do your taxes and get a precious Saturday with your kids. A money scarcity and time abundance mindset backfires. You’d end up missing your kids growing up to save $500 doing your own taxes. You can’t have it both ways Interestingly, you can’t have both an abundance time AND money mindset. An money abundance mindset would cough up $500 to have someone else do your taxes. But an time abundance mindset would convince you that you have all the time in the world to spend with your kids. They’re conflicted. The same is true for a time and money scarcity mindset – you’d want to save $500, but you’d also want to spend time with your kids. The only combo that will leave you with no regrets on your death bed is a mindset of time scarcity and money abundance. |
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