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Wealthy Way

Escaping the Time-for-Money Trap

Wealthy Way

Ryan Pineda

Business, Entrepreneurship

4.82.1K Ratings

🗓️ 28 October 2024

⏱️ 14 minutes

🧾️ Download transcript

Summary

Break free from the time-for-money cycle and build true freedom.---If you want to level up, text me at 725-527-7783! Get access to our real estate community, coaching, courses, and events at Wealthy University https://www.wealthyuniversity.com/Get high quality, motivated seller leads, on autopilot for your real estate business. https://www.leadkitchen.com/Join our FREE community, weekly calls, and bible studies for Christian entrepreneurs and business people. ...

Transcript

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0:00.0

What don't people know about offers that they need to know?

0:03.8

I think maybe that one of the most valuable

0:07.5

financial principles I've learned in my life

0:11.5

is poor people and middle class people feel like everything is expensive

0:19.0

because they pay for things with money they've exchanged their time for

0:23.0

so they feel like they're paying for everything with their life

0:26.0

because they are.

0:28.0

It's time.

0:29.0

Right. You're trading time for money.

0:31.0

So, and what's, so let's say, I'm gonna to use I got a couple of phones here so let's say

0:36.1

I've got some money we're gonna call this some money I got some money okay and I

0:42.3

want to buy this car and I've got some money and I want to buy this car and I've got some time so what I do is I take some of my time and I trade my time to somebody for some money and they give me the money but when I get the money I

0:53.2

don't have the time anymore because the time is gone and I can't get it back it's gone forever

0:56.5

right so then I see this car I'm like I got this money to change my time for

1:01.5

and I'm gonna take this stuff this money that I've changed my time for and I'm going to take this money that I've changed my time for.

1:04.5

I'm going to trade that in for this car. So now I don't have the time and I don't have the money anymore but now I have the car.

1:09.9

And now the car is becoming worth less over time.

1:13.0

Right? So I've traded an invaluable asset for a limited asset

1:20.0

and then traded the limited asset for a depreciating asset and I wonder why I'm getting broker.

1:26.4

Right? Okay, so that analogy made sense, right?

1:29.1

Yeah, watch this. If I'm an entrepreneur and the thing that I create because I obsess over other people's problems is I create offers.

1:40.0

So now because I pay for things with offers everything cost the same amount

...

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