165: Quitting Your Job and Time vs. Money with GRE's Marcus Whelan
Get Rich Education
Keith Weinhold
4.3 • 602 Ratings
🗓️ 27 June 2018
⏱️ 37 minutes
🧾️ Download transcript
Summary
#165: Overcome the fear of quitting your job and replacing it with passive income from real estate investing.
Avoid these mistakes before you quit your job. I discuss some mindsets that you should adopt before you quit (if you even want to). I open up to you and tell you how I felt and what I thought about quitting my job.
Time vs. money - which one is more important? I give a clear answer. People fear future poverty. That's one reason why most choose money over time. We discuss which one makes you happier - more money or more time.
You learn how to measure your wealth. If you don't have the time, we discuss how to "find the time". I've learned that most people want freedom more than money.
There is a solution to life's money vs. time conundrum that few seem to mention - passive income.
Want more wealth?
1) Grab my free E-book and Newsletter at: GetRichEducation.com/Book
2) Actionable turnkey real estate investing opportunity: GREturnkey.com
3) Read my new, best-selling paperback: getbook.at/7moneymyths
Listen to this week's show and learn:
01:19 Why time is more important than money.
05:12 A research study found that 64% preferred money over time. But those that preferred time were happier.
06:44 Passive income solves the money vs. time conundrum.
08:09 How to measure your wealth.
09:20 I relate my experience of quitting my job. Overcoming fear.
14:14 Buying time rather than selling it.
18:47 Employees haul water buckets. Investors and entrepreneurs build pipelines.
21:04 How car commuting keeps you poor.
24:33 The types of people I gravitate toward.
26:59 The Pareto Principle.
29:26 Finding the time.
31:17 Most want freedom more than money.
32:16 Options vs. obligations.
33:30 After 3+ years of continuity, I tell you why I changed the show introduction.
Resources Mentioned:
Transcript
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| 0:00.0 | Get Rich Education is brought to you by Volhollow Wealth and Ridge Lending Group. |
| 0:07.8 | You're listening to the show that has created more passive income for people than nearly any show in the world. |
| 0:15.2 | This is the powerful Get Rich Education. |
| 0:19.9 | Thank you. get rich education welcome welcome to get rich education with millions of listeners with millions of |
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| 0:50.5 | or maybe you're listening on the dedicated Get Rich Education phone apps. |
| 0:54.7 | You can also listen right here at Get Richeducation.com. |
| 0:58.6 | Welcome to the new listeners listening through your Spotify app. |
| 1:01.5 | We're proud to be one of the first investing shows invited onto Spotify. |
| 1:05.9 | Yes, unfortunately for Wall Street, I am back to help you build your wealth. |
| 1:11.7 | And with a new show intro, more on that later, we're talking about time versus money and also about quitting your job today. |
| 1:19.8 | I don't agree that time is money and money is time because time is clearly more valuable. |
| 1:26.1 | You have the opportunity to get back lost money, |
| 1:29.7 | but not lost time. When Tom Willwright made one of his earlier appearances here on the show, |
| 1:35.4 | he echoed that same thing, saying that it's ridiculous to equate money to time for the same |
| 1:42.4 | reason. Unlike money, time is your irreplaceable, irreplaceable resource. |
| 1:47.9 | Ralph Waldo Emerson said, money often costs too much. I can't be sure, but I think he was referring |
| 1:56.5 | to the fact that we often trade that time for money, often doing something soulless during that time. |
| 2:05.1 | Consider that if you're 30 years old, you have 606 months left to live on an average life |
| 2:11.6 | expectancy. If you're 60 years old, you've only got 241 months left to live. Does that make your time seem more |
| 2:21.9 | valuable right there when you think about the fact that you are going to die? What if you've got a |
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