COST VS. VALUE
the odyssey chronicles
Most of us know what it is like to hear someone say something and it wildly reframed our mindset. When I was a younger, I think it was early 20’s, I spent a lot of time listening to motivational speakers on youtube. I remember hearing the speaker use a specific phrase a few times in his speech. It stuck with me ever sense.
“Buying things based on the lowest price vs the value that comes with the price is the difference between rich people and poor people.”
This could be stated a different way, Rich people buy based on value and Average people buy based on lowest price.
I don’t think this was used as some kind of weapon, or to make people feel stupid, it is to shine the light on the value vs cost of our investments. All of our decisions are investments of some kind. Time, money, energy, emotions and so on. We tend to think about investments only in just the context of finances, which I think is a massive mistake. Money is generated, on and off for your entire life. There is always more to make and the pie of distribution is massive. (I don’t believe any one group is stopping you from earning it, it's just a matter of you thinking you're worth it). However, time is not infinite, you can’t get any of it back and there is only so much given to each person. We strive with all our might to control it but it slips away second by second. Because this is true for all of us, we should think primarily where our biggest asset, time, is being spent. How we invest each hour and what we are doing to make the most of our day is our individual responsibility.
since time is finite, we have to take control of how we invest it. we have to choose to invest in productivity. if we don’t, we are choosing to invest it in poor outcomes.
We all have 168 hours in a week and 24 hours in a day, both rich and poor. What we do with those hours is up to us. I believe that maximizing your time each day only happens with intentional planned effort. No successful athlete flys by the seat of their pants, no successful business owner shows up to work each day with no plan of attack. They choose each thing they invest their time in. Sleep, nutrition, self development, training and so on. Each action is an investment in themselves. Why should you run your life or business any other way? The more scheduled we can become with our meals, working out, sleep and work the more our body can regulate its resources and give better responses. Anxiety is the product of poor planning or no planning. Anxiety is the fear of the future and what it brings.
Intentional effort is the name of the game. Sit down and prepare for your days in advance. Cost vs Value is really asking the question what is my time worth. If I'm going to spend my hard earned money (payment for my time) on this, how can I get the most for it? This is the defining factor between wealthy and average.
View your time as priceless.
No one is here to save you. No one is going to knock down your door and force you to regulate your habits. You are the only one here that can complete this journey. Once we start viewing our time as priceless we can start assigning real value to the things we are buying, doing and investing our most precious asset into. Our time is all that we have, so treat it with respect. It is only here for a short while.
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