Welcome to Jumoby.ng – the place where people in pursuit of success come to get actionable insights, life hacks, and life-changing opportunities.
WHY YOU ARE A TIME BILLIONAIRE AND HOW TO GET MORE VALUE OUT OF YOUR TIME
If you’re 47 or younger, you’re a time billionaire.
The BIG question is; Are you using that time wisely?
Let’s get into it …
How to get more value out of your time.
I heard about the time billionaire concept for the first time last week
Pompliano announced that he would be returning all outside capital from Pomp Investments to his investors.
He cites the time billionaire concept as one of the main reasons why.
Instead of making wealthy people even wealthier, he wants to:
• Spend more time with family.
• Continue educating the average citizen about personal finance, crypto, etc.
How awesome is that?
It sent me down a rabbit hole of trying to understand the value of time better.
Let’s Analyze the Value of Time!
1 billion seconds = 31.7 years
The average human lives about 79 years.
If you’re 47 or younger, that means you’re a time-billionaire.
You likely have 1 billion+ seconds left in your life.
If you’re 20, there’s a decent chance you’re a multi-time billionaire.
But almost NOBODY thinks this way.
Why is that?
It’s because our society places more value on being a dollar billionaire.
We severely overvalue the dollar billionaire and undervalue the time billionaire.
This is flawed.
Warren Buffett is worth billions of dollars.
No young person in their right mind would switch lives with him if they had to be in their 90s.
Time-billionaire (>) is greater than Dollar-billionaire
Time is the most precious asset in the world.
Everybody has the same amount of time each day.
You can’t buy more of it.
It’s the only thing in our lives that we can’t reacquire once it’s gone.
On average, here’s how we spend our time:
• Sleeping = 26 years
• Trying to fall asleep = 7 years
• Working = 13 years
• TV = 8.3 years
• Eating = 4.5 years
• Chores = 4.3 years
• Social media = 3 years
• Commuting = 3 years (that’s if you are outside Lagos)
• Dressing = 1.8 years (for male and tom-boys)
• Exercise = 1.3 years
With an average life expectancy of 79 years that leaves us with 6.8 years of free time.
PS: If you live in Lagos, your case is different because research confirms Lagos traffic takes 6years from you by the time you turn 55years.
What falls into this bucket of your 6.8years free time?
• Falling in love
• Time with friends/family
• Giving back to the community
How much of your 6.8 years have you already used up?
What would you do differently with your time if you cut that number in half?
Think about these questions.
Then ask yourself:
“How can I optimize my time in the other buckets?”
Here are some ideas …
You spend 33 years in bed.
That’s 42% of your life!
Getting proper rest will lead to a more satisfying life.
Get yourself a comfortable mattress, that’s one location plenty of your time is going.
You spend 13 years working.
Another 16% of your life.
Don’t waste it doing something you hate.
You spend 8.3 years watching TV.
That’s way too much.
If you cut your TV time in half each week, you’re getting 4+ years back on your life.
Seems like a no-brainer.
Find your Zone of Genius.
Lastly, put a money ($) value to your time.
At a basic level, we all instinctually do this.
If someone offers you $0.05 to take an hour-long survey, you’d tell them to kick rocks.
If it were $50k, you’d accept in a second.
Most of life’s decisions aren’t this easy.
Here’s a quick example of how to calculate your $/time value.
50 hours per week + 2 weeks vacation
2,500 hours worked per year
$100K salary / 2,500 hours = $40/hr
Your job doesn’t define you, though.
I say take that number and double it.
Your time = $80/hr
How to use this # in real life:
You have two options:
• Buy a direct flight for $300
• Buy a one-stop flight for $250 that adds 1 hour to your trip
You save $50 on the cheaper flight.
But you lose an hour (worth $80 to you).
A -$30 choice.
If you put a high $ value on your time, you’ll gain a greater respect for it.
Most people spend the majority of their life trying to increase their financial net worth.
The inspiration for this post comes from;
A Pompliano – The Pomp Letter
And Joe Portsmouth Thread.
Signup to my Email Newsletter for more Insights on Life – Money – Mindset;
Click to SignUp; www.jumoby.ng/signup
Don’t forget to optimize your time net worth as well.
Decision Tip: buy the $300 flight
Spend money to save time, don’t spend time chasing money.
Time is Divine.
I do hope you enjoy this piece …? Please share your thought about this money, life, and time analysis in the comment session below. Love to read your view on the subject.
HAVE YOU APPLIED FOR THE $5000 TONY ELUMELU FOUNDATION GRANT YET?
HOW TO APPLY AND WIN THE TONY ELUMELU $5000 GRANT 2022 | TEF2022
This particular writeup is to help you apply successfully for the 2022 TEF application and get your own chance of accessing a life-changing opportunity of $5000 which is non-refundable (free money), impactful training, and a million-dollar worth of networks.
Read to Apply;
CLICK TO LEARN MORE
The deepest lines from The Richest Man in Babylon” – here is what it says:
“A man’s wealth is not in the purse he carries. A fat purse empties if there be no golden stream of income to fill it. Arkad has an income that constantly keeps his purse full, no matter how liberally he spends”.
Do you have an income like Arkad? If not, this is for you; LEARN MORE
Grant Winning Custom Basic Business Plan₦25000
Grant Winning Custom Standard Business Plan₦50000
Grant Winning Business Plan Template₦15000
Website Design Training₦20000
The Study In Canada Masterclass Training₦25000
10X Ecommerce Complete Masterclass₦150000
WhatsApp Marketing Success₦20000
Get Good In Your Email Marketing Game₦1500
Copywrite Your Way To Money₦15000