Money & Time

[oceans]

I’ve heard people talk about how young entrepreneurs will start out with more time than money, and that eventually you will have more money than time. We can dissect that entire notion, but more importantly…

For the sale of discussion, let’s say TIME > MONEY is phase 1. And let’s say that MONEY > TIME is phase 2. Well I can promise there’s an unspoken middle ground we can call “phase 1.5” where you have neither. NO money and NO time.

I think this is the hardest phase, and the area where good decision making is most important. My father once told me I can do anything I want to in life, but I can’t do everything I want to in life. The take home is all about prioritization. Thanks, dad!

 

[ATH]

....

For the sake of discussion, let’s say TIME > MONEY is phase 1. And let’s say that MONEY > TIME is phase 2. Well I can promise there’s an unspoken middle ground we can call “phase 1.5” where you have neither. NO money and NO time.

...

Wait....this is just a phase? So, how long should this phase last? 1 year? 5 years? 10 years? Just for discussion's sake




(kinda kidding...but not totally LOL)


But you are right, if you can weather that storm, there are usually bluer skies on the other side. I feel like the time thing is something you can keep reins on IF you choose. But money when money was scarce, not spending the time to make up for it didn't make sense and now we're wired that way.

 

[oceans]

Exactly. I’ve never been a real strategist or long term planner. Having a family and a business is really forcing that on me.

 

[Z'sTrees]

Cheesy as all get out but you can make money and spend it, time you can only spend.

I like my time...

 

[27RMT0N]

I agree completely, and think the 'phase 1.5' comes and never ends for a lot of small businesses. Part of the reason most fail.

Personally I could be 'saving' a lot more than I do right now, but instead I put most of it right back into the business in the form of equipment and developing my property and building my 'forever shop'. Honestly I can only do that because I don't have a family to support, but it's probably a decade long investment and that's assuming I can work at my current pace (with employees as help) and remain un-injured.

 

[evo]

I agree completely, and think the 'phase 1.5' comes and never ends for a lot of small businesses. Part of the reason most fail.

Personally I could be 'saving' a lot more than I do right now, but instead I put most of it right back into the business in the form of equipment and developing my property and building my 'forever shop'. Honestly I can only do that because I don't have a family to support, but it's probably a decade long investment and that's assuming I can work at my current pace (with employees as help) and remain un-injured.

Families are stupid expensive!

 

[oceans]

I agree completely, and think the 'phase 1.5' comes and never ends for a lot of small businesses. Part of the reason most fail.

Personally I could be 'saving' a lot more than I do right now, but instead I put most of it right back into the business in the form of equipment and developing my property and building my 'forever shop'. Honestly I can only do that because I don't have a family to support, but it's probably a decade long investment and that's assuming I can work at my current pace (with employees as help) and remain un-injured.

Which totally leans on the point my dad made…you can do anything, not everything. Ironically, he lived as though he had endless time for further pursuits! Go figure.

I just tell people I’m retired because I do what I love and would continue even if I had no financial motivation. Maybe it’s denial and I’m just retired to the idea I’ll have to work until my end.

 

[Matias]

...and I’m just retired to the idea I’ll have to work until my end.

I will consider my efforts to have been successful if I can work until my end. That's part of my plan for living a longer and healthier life

 

[cory]

Maybe it’s denial and I’m just retired to the idea I’ll have to work until my end.

Great thread. Just curious, in view of the thread, how young you are?

 

[Neill]

That’s sick. Why are we programmed to work

 

[Matias]

That’s sick. Why are we programmed to work

I see a lot of things that I would like to see done, and I would happily do them for free if we could have a functional and happy world that no longer requires money.

 

[oceans]

Great thread. Just curious, in view of the thread, how young you are?

Born in ‘74.

 

[oceans]

That’s sick. Why are we programmed to work

Survival is my guess. Without modern conveniences, we would be perpetually working for food and shelter. You gotta have some kind of outlet for all that innate primal drive. Contributing to the community in which you live by swinging through healthy trees and slaying the hazardous ones seems like a great option!

 

[evo]

Oh that’s what’s wrong with you..

Born in ‘74.

 

[Neill]

Great points,
So we work for money because that’s the system we know and are born into/ alternatives to that system are…in a word- inconvenient.

And

If we didn’t have this system we would be actively busy doing the things required for survival

But does that mean we have to work until we die?!

It also reads another way. If we stop working, then we will die. Which I think is true sometimes. Folks retire and then without purpose seem to lose the “life force”to carry on. Coincidence ?

I’m actually with you guys on that sentiment but it’s hard to read someone else saying it and not feel the kneejerk reaction, “that’s sick. Why are we programmed to work?”

 

[oceans]

Oh that’s what’s wrong with you..

Oh, dude, it’s merely ONE of the things wrong with me. LOL!

 

[Matias]

Great points,
So we work for money because that’s the system we know and are born into/ alternatives to that system are…in a word- inconvenient.

And

If we didn’t have this system we would be actively busy doing the things required for survival

But does that mean we have to work until we die?!

It also reads another way. If we stop working, then we will die. Which I think is true sometimes. Folks retire and then without purpose seem to lose the “life force”to carry on. Coincidence ?

I’m actually with you guys on that sentiment but it’s hard to read someone else saying it and not feel the kneejerk reaction, “that’s sick. Why are we programmed to work?”

An equally useful question to ponder is, "Why are so many people so inclined to take so much more for themselves, even when it makes life worse for others?" That is the sickness that I don't understand.

 

[data farm 26]

Working Less for More

Based on their observations of extant hunter-gatherer societies, scholars estimate that our foraging ancestors worked anywhere between 2.8 hours and 7.6 hours per day. Once they secured their food for the day, they stopped. The foragers’ workload was comparatively low, but so was their standard...

humanprogress.org

Original affluent society - Wikipedia

en.wikipedia.org

Chop wood carry water? Everyone's got to eat, but do we need to be yoked to the wheel in such a way as we are? Methinks not!

 

[data farm 26]

 

[Bart_]

A lesson in burning the candle hard, how much candle there is and family was one of those rough seas fishing deckhand shows where someone was lost at sea and another "indestructable" work hard hero stroked out or heart attack I can't remember which. Put a damper on the excitement of the show. Brought in a little emphasis on family time.

Human frailty is a real thing.