Stop trading hours for dollarsJan 27, 2022
I was just having a little walk in the desert and this thought came to mind so I thought I'd share it with you. How often are you trading hours for dollars? The key to being super happy and wealthy is to actually stop trading hours for dollars and trade your knowledge for dollars, your unique ability, your unique knowledge, your new your unique processes and systems that make you you. I want you to think about how you can start leveraging that knowledge for dollars. So instead of one hour $1 You're going to get one hour of thought and thinking time for 1000s of dollars. That's the key. So think about how you can stop trading hours for dollars and trade your knowledge for dollars.
Jeff's Additional Thoughts:
So often we get dragged into working "in" the business instead of "on" the business. It is very important for you to start letting "go" of things you can do, but others can also do. You should think about how much money you make in a year, then divide that by 2080, that is your hourly rate. As you do various day-to-day tasks start attributing a dollar amount to each task. If it took you an hour to review a document, was it worth $400, or could you have found an English major to do it for $50/hr?
If you want to truly have a business that runs without you and has the highest valuation when you exit, you need to start using your mind not your actions in your business. Below, I reference a book, WhoNotHow, this is a great book to get you thinking about "who" can do what is needed in your business (and its not you!).
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