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Before Breakfast

The New Corner Office: Buy time now or later

Before Breakfast

iHeartPodcasts

Education, Self-improvement

4.51.5K Ratings

🗓️ 5 March 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

A listener asks whether to invest in her business or save for retirement

See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

This is ICT. Over the years, I've compiled thousands of inspiring and thought-provoking quotes,

0:06.2

and now I'm passing that knowledge onto you and my new daily podcasts. ICT's Daily Game.

0:13.0

In less than five minutes, I'll break down why these words matter and reveal personal stories

0:18.4

that show them in action in my life. Listen to ICT's Daily Game every weekday on the iHeart

0:24.5

Radio app Apple Podcasts or wherever you get your podcasts and start your morning with me.

0:35.6

Good morning. This is Laura. Welcome to the new corner office. The podcast where we share strategies

0:42.7

for thriving in the new world of work or location and hours are more flexible than in the past.

0:50.0

Today's tip is about how to strike the right balance between spending money in ways that

0:54.1

buy you time now versus investing money, which can buy you time later.

0:59.1

This tip stems from a question I got from a new corner office listener who manages her own

1:04.0

business. She noted that I write a lot about hiring childcare and outsourcing chores,

1:09.4

even if you work from home. Business owners can also outsource work tasks. In both cases,

1:15.6

the reason is that taking some tasks off your plate means that you can focus on your professional

1:21.5

goals during the hours that you've designated to do that. Of course, outsourcing costs money,

1:27.2

and so the listener noted, well, you are also pretty frugal and you like to spend your time in

1:32.0

money wisely. So I'm wondering how you decided on money spent now for time today and money saved now

1:39.6

for time in the future. The listener said that I'm at the stage in business and life where my

1:45.2

business is starting to make more money but is also needing more time. And so I'm at this weird

1:50.4

fork in the money road. She could invest more for retirement so the money would have time to grow

1:56.4

or she could invest the money in hiring contractors for her business and outsourcing some

2:00.7

personal tasks to free up time and possibly see an investment on that too. So the question,

2:08.0

buy time today or buy time tomorrow. This seems like a tough question but my answer is yes or really

...

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