Unless you’ve been living under a rock, you know that compound
interest is the foundation of investing. But what does compounding have
to do with the other 8 hours? A great deal. How you invest your other 8
hours determines your happiness and financial success. If you squander
this critical time, it’s like putting $50 under your mattress. It won’t
provide you with any return. For that $50 to grow, it must be invested.
For your time to grow, it must also be invested. We’ve been told that
time is money. But is it possible that time can make more time?
You can use the other 8 hours to increase your skills to make more
money or become more efficient. If you make more money, you can invest
the money and benefit from compounding interest. But if you use your
time to become more efficient, you can also invest it and benefit from
compounding time.
Let’s see how this works. If you learn a tip that
cuts the time you spend doing laundry by 30 minutes each week, you could
reinvest some of that time in learning more skills that will help you
become more efficient. With the time you save from learning new skills
that make you more efficient, you can reinvest some of that time, and so
on and so on. You should be investing your time in activities that pay
the highest returns — whether the returns are financial, physical,
spiritual, etc. Those returns you earn are then able to produce even
more results. Keep in mind that it’s not just about money. Compounding
works across all areas of life. It’s the idea of investing wisely to
produce a benefit — and of that benefit producing even more benefits.
Here’s an exercise example: You want to lose
weight, but you’re not sure you know the best way. You could spend 40
minutes a day on a treadmill, but as soon as you get off the treadmill
you stop burning calories. That is, one minute on the treadmill produces
one minute of benefit, but that’s where the fat burning benefits stop.
Or, you could replace your daily treadmill routine twice a week with
lifting weights. What does this do for you? You increase lean muscle
mass by lifting weights, which then burns more calories, even when
you’re watching TV, sleeping, etc. If you build lean muscles, the time
you spend in the gym continues to pay dividends even after you leave.
In order to get the most bang from your investment of time, you want to
focus on not just those activities that produce a current benefit (e.g.,
treadmill) but on those activities that will (or at least have the
potential to) produce exponential returns in the future.
Don't Forget To Follow us of Twitter!
3 Comments:
I pay a quick visit everyday a few web pages and websites
to read articles, however this web site provides feature based writing.
Also visit my webpage; http://www.wiki.i-rpg.net
I have been exploring for a bit for any high quality articles or blog posts on this
kind of space . Exploring in Yahoo I at last stumbled upon this site.
Reading this info So i'm happy to express that I have an incredibly excellent uncanny feeling I discovered just what I needed. I most definitely will make certain to do not forget this website and provides it a glance regularly.
Feel free to visit my web site - jb3shows.com
It's nearly impossible to find knowledgeable people about this topic, but you sound like you know what you're talking
about! Thanks
my blog: Max Thermo Burn