Comments on: Trade Time for Money http://www.terrydean.org/trade-time-for-money/ Earn More, Work Less, and Enjoy Life Without Compromising Your Values! Tue, 31 Aug 2010 19:50:37 +0000 hourly 1 http://wordpress.org/?v=3.0 By: Dim - Auto Loan Calculator Helper http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23520 Dim - Auto Loan Calculator Helper Thu, 26 Feb 2009 07:42:28 +0000 http://www.terrydean.org/?p=419#comment-23520 I think we should also speak about elevating on the 'trade time for money topic' Let me explain this in more details. A simple level of 'trade time for money' - you do some job and get paid. Nothing bad about it, but I do not know anyone who got filthy rich like this. Even if this is highly paid job. Advanced level of 'trade time for money' - you *invest* your time to participate in a project, you do not get paid for it, but you get share from the future profits on this project/business/technology/etc. This way you can get rich, I mean RICH. I know that it looks like just messing up with the words, but if you stop thinking in terms of selling time and start thinking in terms of investing time - the whole picture gets much better. I think we should also speak about elevating on the ‘trade time for money topic’

Let me explain this in more details.

A simple level of ‘trade time for money’ – you do some job and get paid. Nothing bad about it, but I do not know anyone who got filthy rich like this. Even if this is highly paid job.

Advanced level of ‘trade time for money’ – you *invest* your time to participate in a project, you do not get paid for it, but you get share from the future profits on this project/business/technology/etc. This way you can get rich, I mean RICH.

I know that it looks like just messing up with the words, but if you stop thinking in terms of selling time and start thinking in terms of investing time – the whole picture gets much better.

]]> By: Doctor J. Burke, MaineLaserSkinCare http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23201 Doctor J. Burke, MaineLaserSkinCare Fri, 19 Dec 2008 18:48:14 +0000 http://www.terrydean.org/?p=419#comment-23201 Terry, excellent article. I agree that we all trade time for money, but that having multiple streams of income including passive ones reduce the pressure to increase income only by spending more time on the job. If you are lucky, as I am, you love your work, but there are only so many hours in the day. Thanks for ongoing wisdom. Dr J. Burke www.mainelaserskincare.com Terry, excellent article. I agree that we all trade time for money, but that having multiple streams of income including passive ones reduce the pressure to increase income only by spending more time on the job. If you are lucky, as I am, you love your work, but there are only so many hours in the day. Thanks for ongoing wisdom.
Dr J. Burke
http://www.mainelaserskincare.com

]]> By: Tom Volkar / Delightful Work http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23133 Tom Volkar / Delightful Work Wed, 10 Dec 2008 22:21:35 +0000 http://www.terrydean.org/?p=419#comment-23133 Thanks for a very honest article in an area where there is so much hype slung about. We all start this way and it's a natural process to experience the limitations of only trading time for money. Which is your best product creation post? I'd like to read it. Thanks for a very honest article in an area where there is so much hype slung about. We all start this way and it’s a natural process to experience the limitations of only trading time for money. Which is your best product creation post? I’d like to read it.

]]> By: Terry http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23120 Terry Mon, 08 Dec 2008 22:31:27 +0000 http://www.terrydean.org/?p=419#comment-23120 Hi John: Definitely true. Now I need to find that trillion/hour work. I'd even do something I don't enjoy for a couple of hours. :) Hi John:

Definitely true. Now I need to find that trillion/hour work. I’d even do something I don’t enjoy for a couple of hours. :)

]]> By: John Manley | realitycopywriting.com http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23119 John Manley | realitycopywriting.com Mon, 08 Dec 2008 22:13:39 +0000 http://www.terrydean.org/?p=419#comment-23119 Your line about the seminar was right on... I've only been to one seminar (as an attendee) and it was a LOT of work. The main speaker also confessed he only got to sleep a few hours, he was so busy preparing. In the end, everything is a trading of hours for dollar. Even if your product sells $5 Trillion before you day, and it took you five your to create... well, you still made $1 trillion/hour. I'm okay, with that, though. Your line about the seminar was right on…

I’ve only been to one seminar (as an attendee) and it was a LOT of work. The main speaker also confessed he only got to sleep a few hours, he was so busy preparing.

In the end, everything is a trading of hours for dollar. Even if your product sells $5 Trillion before you day, and it took you five your to create… well, you still made $1 trillion/hour.

I’m okay, with that, though.

]]> By: Lisa Stoops http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23118 Lisa Stoops Mon, 08 Dec 2008 19:33:41 +0000 http://www.terrydean.org/?p=419#comment-23118 I think you need both especially in the beginning. If your goal is to quit your job then first things first. You may need to provide a service so that you can replace your job and then build other forms of income. Definitely food for thought! I think you need both especially in the beginning. If your goal is to quit your job then first things first. You may need to provide a service so that you can replace your job and then build other forms of income. Definitely food for thought!

]]> By: Mark Henderson http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23112 Mark Henderson Sun, 07 Dec 2008 01:57:07 +0000 http://www.terrydean.org/?p=419#comment-23112 Hey Terry, I don't think you can ever truely escape the "trading time for money" thing. After all, even those sitting atop the financial food chain invest considerable time with trusted advisors who manage their portfolios, taxes, entities and assets. It's all a matter of context and how much fun you can create in the process! Rock ON, Mark Henderson Hey Terry,

I don’t think you can ever truely escape the “trading time for money” thing.

After all, even those sitting atop the financial food chain invest considerable time with trusted advisors who manage their portfolios, taxes, entities and assets.

It’s all a matter of context and how much fun you can create in the process!

Rock ON,

Mark Henderson

]]> By: Ethan http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23108 Ethan Fri, 05 Dec 2008 06:29:11 +0000 http://www.terrydean.org/?p=419#comment-23108 Hi Terry, When I first see the title, I thought that you are going to preach again on not to trade time for money. I agree that in one way or another, we have to do that to make our business grow. It is so much easier for those "gurus" to preach about not to trade time for money since they are already successful and can afford to pay people to work for them. Anyway, I am also working towards making others work for me one day.:) Ethan Hi Terry,

When I first see the title, I thought that you are going to preach again on not to trade time for money. I agree that in one way or another, we have to do that to make our business grow. It is so much easier for those “gurus” to preach about not to trade time for money since they are already successful and can afford to pay people to work for them.

Anyway, I am also working towards making others work for me one day.:)

Ethan

]]> By: Welly Mulia http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23107 Welly Mulia Fri, 05 Dec 2008 03:53:50 +0000 http://www.terrydean.org/?p=419#comment-23107 Hello Terry Trading time for money is okay as long as we can measure the amount of time put in vs the money that we receive. We just have to calculate if it's worth your time or not. Another important factor to consider, like what you've said, is do you enjoy doing the tasks and activities that trade your time for money? Cheers. Welly Mulia Hello Terry

Trading time for money is okay as long as we can measure the amount of time put in vs the money that we receive.

We just have to calculate if it’s worth your time or not.

Another important factor to consider, like what you’ve said, is do you enjoy doing the tasks and activities that trade your time for money?

Cheers.
Welly Mulia

]]> By: Lee McIntyre http://www.terrydean.org/trade-time-for-money/comment-page-1/#comment-23104 Lee McIntyre Fri, 05 Dec 2008 00:14:24 +0000 http://www.terrydean.org/?p=419#comment-23104 Hi Terry I have no problem trading time for money. It really is just a question of 'how much time' and 'how much money'. When people say don't trade time for money they're just trying to say make sure you "trade the least amount of time for the most amount of money". Everything that produces an output needs an input. The key is to find the tasks that produce the biggest output for the smallest input. As always thanks for another great post Terry! Cheers Lee McIntyre Hi Terry

I have no problem trading time for money. It really is just a question of ‘how much time’ and ‘how much money’.

When people say don’t trade time for money they’re just trying to say make sure you “trade the least amount of time for the most amount of money”.

Everything that produces an output needs an input. The key is to find the tasks that produce the biggest output for the smallest input.

As always thanks for another great post Terry!

Cheers

Lee McIntyre

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