MONEY FOR TIME.

I recently attended a conference in the Dominican Republic with a number of other business owners. This was a private, somewhat intimate gathering of less than 75 business owners who were there by invite only.

One of the event organizers a blue collar billionaire who is a partner in a number of operations throughout the US, in addition to his main business operations in Connecticut (which alone is worth approximately $60 million annually) spoke about wealth building and legacy. I’ve summarized some of this as follows:

“When we are younger, we trade our time for money. To get wealthy, we must learn to trade our money for time. Time is more valuable than money. “

Use your time to get your wealth, then use your wealth to buy your freedom. The very best use of money is to buy time. That’s what freedom is, not financial wealth, freedom is using financial resources to gain time. Do not begrudge the time (years) spent to buy your freedom. Find tasks and projects that don’t need to be done by you and delegate them or hire someone else to do them. This is the very first step in creating wealth.