Posted in Author Omotayo, Digest, Motivational

Your Time is Your Life

Your Time is Your Life

Time, not money, is your biggest asset in life. You need time to invest in relationships (with yourself and your family) or to chase your passion.
“Think again” if you are still trading off time for money. Let your money work for you. You don’t work for money. That is exactly what Financial Freedom is… – Manoj Arora , From the Rat Race to Financial Freedom

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There are 24hours in a day but you can have more than 24 productive hours in a day. There is a difference between normal hours and productive hours. One day in productive sense, is equal to the number of hours you make use of that actually impact on your life before dusk turns to dawn. The rich understands that Time is their most valuable asset and what they do is to hire more hands (that’s buy more time) to get the most from a day. The cheapest form of this can be seen in networking and marketing.

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Take for instance, a man who sleeps for 10hours, eats and have fun for another 10hours then uses only 4hours for something productive, that means in a 24hour-day he only gets 4 productive hours. On the other hand, a young entrepreneur, sleeps for 6hours, eats and have fun for another 6hours, works for 12hours, then hires 4men who also work 9hours for him, effectively he will be having 48 productive hours in a single day. Now you understand why the first man is barely getting-by and the second man is living large.

Some have mastered the use of time that they actually make money per second. Mike Adenuga gets money for every second you spend on a Glo line, that’s your time working for him. For every minute you spend on Facebook, Mark Zuckerberg gets an alert, your idle time working for him. For every hour spent at a football viewing center, the viewing center guy is counting cash, your time making him rich. If you are employed, your employer hires you first to add your time to his time, then maybe for your skills to make you efficient. Your employer can’t be everywhere at the same time hence because of this limitation, he puts a value on your time and buys it off you. Don’t get me wrong, it is nice to have fun, get employed but it is also fair that you understand that your time is precious and more valuable than you know.

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The value of time is best appreciated if you put it to use. Better put, the worth attached to time depends on how one translates every second to money (earning ability). The truth is, no employer will pay you the true worth of your time, no matter the value placed on it, your time is still a part of your life that you can never get back. This is why it is saddens me, when I sees able bodied young men waste away their time.  Some go as far as asking other friends, “what can I (we) do to kill this (time) number of hours?”, they conveniently murder part of their lives.

Don’t be fooled by the calendar. There are only as many days in the year as you make use of. One man gets only a week’s value out of a year while another man gets a full year’s value out of a week. – Charles Richards

Your time is your life, don’t waste it. Your time is your greatest resource and most undervalued asset, be careful the price tag you put on it. Don’t waste your time on unproductive ventures, rather see how you can increase the number of productive hours you have in a day. Put your hours to use, invest money in them and let them work for you. Even if you have to offer your service to someone who can afford them, make sure you buy others’ time that you can afford and let them work for you too, that way you end up with more. Every tick of the clock, that’s a part of you ticking by, never let it go to waste.

For what it’s worth: it’s never too late or, in my case, too early to be whoever you want to be. There’s no time limit, stop whenever you want. You can change or stay the same, there are no rules to this thing. We can make the best or the worst of it. I hope you make the best of it. And I hope you see things that startle you. I hope you feel things you never felt before. I hope you meet people with a different point of view. I hope you live a life you’re proud of. If you find that you’re not, I hope you have the courage to start all over again. – Eric Roth , The Curious Case of Benjamin Button Screenplay

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Posted in Digest, Motivational

Broke Can’t Be Happy

Broke Can’t Be Happy

The ultimate goal of every individual is happiness, though definition of happiness may differ from one person to another. However, as far as I know, one of the factors that can hinder happiness is being broke. I have heard few people say their happiness is not dependent on availability of money and I agree with them. Availability of money doesn’t necessarily mean happiness but when you are Broke (absolute lack of money to meet immediate needs), no matter how religious, contented or hopeful you are, it is hard to be Happy.

I am not about to tell you how you are going to get rich overnight, neither is this a get rich quick scheme nor means of evoking the spirit of money. However, I believe that if you can work based on the factors I am about to point out in your life, things will turn around for the best.

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Here are 7 reasons why you are broke almost all the time.

1. You have too much idle time
You have too much idle time on your hands. Your time is not well invested in productive activities. You sleep all day, hang out with friends, hang around cybercafes, stay online without real business there, you are the official mascot of the newspaper stand etc…these are time killers. You should realize that every second is valuable, some people get value for them and you should do same too.

2. You are scared of trying something new
Fear is the culprit of many troubles we go through, little wonder the book of life kept saying “fear not”. If you do not act, you can not actualize, no shortcuts. Waiting for a perfect time is just a perfect excuse to be a perfect nothing. I have read through people’s success stories and I have not found anyone successful with a perfect start. You want to stay in your comfort zone, where you and I know nothing works because you are scared of failing. If you see where you are as your ground zero, you will realize you can’t fall further than that.

3. You think everyone else is responsible for your predicament but you.
Everyone is responsible but you; your father, your mother,  your friends, siblings, employer…everybody but you. I use to blame too, until I realized it was robbing me off improvement; places I ought to improve, I kept thinking someone else should be responsible. Even when it is obvious that others contributed to the failure, your focus should be YOU; “what could you have done differently?”. Responsibility is credibility, without assuming responsibility, it is hard to be in credit.

4. You are busy waiting for opportunity
Opportunity they say comes but ones… though this axiom has been faulted on several occasions but the reality remains opportunities are scarce resources with numerous suitors. If you keep waiting for it, you might grow old without a knock on your door. Our life is an open door and when you’re not alert opportunity will “coming and go out” without you knowing but when you are all out for possible opportunities, you can’t miss it. “You don’t wait till the iron gets hot before you strike it, you keep striking till the iron gets hot.”

5. You haven’t learned to separate need from want.
When you are not financially disciplined, it is hard not to be broke. We have needs and we have wants…you need water but you want alcohol, one is readily available and affordable while the other is a distance away and yet expensive… Your decision is the difference between being broke and being bloom. Apply this concept to all other choices you make on daily basis, ask questions like; do I really need this? does my survival depend on this?  No doubt want to someone might be a need to another. To a student having a car is a want but to a commercial driver it is a need. So you need to know where each item fits in your own life.

6. You do not re-invest
You are expected to re-investing at least 10% of your income … Salary, profit, gift, allowances etc, but you do not re-invest. Life is in seasons…planting and harvesting seasons, for instance. If you do not plant, I need not tell you there won’t be anything to harvest. Planting includes saving for rainy day, investing to have other streams of income, giving to people and giving to satisfy your religious convictions. When you fail in the act of planting, the act of harvesting will fail you and being broke becomes inevitable.

7. You don’t believe in yourself.
You are not convinced you can do anything good. All the first six reasons boil down to this, if you do not believe in yourself, you can’t even make efforts to make things right. If you are a pessimist, if you don’t have hope, if you don’t believe you can be productive, if you don’t believe you can make it, If you can’t have faith in yourself then hardly can anything work. You have to overcome this before you can embark on making things right with your finances and your life.

I know you are probably thinking of a shortcut or something that won’t work you that much; like winning a jackpot, lottery or getting free huge sum but here is the bitter truth, even if you hit the jackpot without fixing yourself and aligning with these 7 reasons, you will eventually break the pot and go back to being broke.

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I believe in you and I am sure many others do too, don’t let us down!