Personal Finance

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What are Your Choices?

 

 

Here, I table to you 4 different kinds of people where time and money are concerned. Here goes:

 

 

 

 

No Time

No Money

 

No Time

Have Money

 

Have Time

No Money

 

Have Time

Have Money

 



No Time, No Money

 

Employees, the old and the retired usually do not have both time and money. Yes, it is probably the most dreadful state among the 4 states, but then, this is more eminent than ever. This explains why the morning rush hour and a come back of the second rush hour in the late evening for most people who work for others.

 

As for those who have had poor financial planning or made huge financial mistakes, the old and retired people do not only lose most or all of their wealth to their faults, but they do not have enough time to correct it.

 

 

Have Time, No Money

 

Do you where to look for people who have lots of time, but no money? This might sound nutty, but look no further than the unemployed, farmers, villagers, and people who hang out at your nearest coffee shop. Strangely enough, some of them are actually enjoying such a state in spite of the missing wealth.

 

Unemployed can be a desired state to some while being dreadful to others, however.

 

 

No Time, Have Money

 

While making a lot of money is ideal for almost everyone (I said “almost” is because I have personally met people who do not want to make a lot of money, seriously), and some have made it by being executives, self-employers, professionals, managers and top people in the corporate pyramid, more often than not, they have traded in their time for money.

 

Some people aptly call it the “rat race”. In exchange for the big bucks, they have somewhat traded in a portion of their life and time, which can be well spent with their family members or do the things they like passionately.

 

 

Have Time, Have Money

 

This is, without doubt, the ultimate goal for those who are hunting financial freedom (that’s you, alright!). This is the goal that most self-employers and professionals often miss and take a reluctant detour into the financial trap of trading their souls for money.

 

So, who in the world are having lots of time with lots of money? Who do you want to model after, if that is the case? Just to name some, business owners (big ones, of course), landlords and “work at home” entrepreneurs fall into this category.

 

You might be surprised to find that “work at home” entrepreneurs belong to here, but that is because more often, they use the Internet as the leverage (for Internet Marketers) or home business owners not only have flexible time to spend with their family members but also flexible income to cash in! Talk about having the best of both worlds!

 

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