Money is extremely important in our society. Money is a necessity if you want to live a comfortable life. So how do we get money? Everyone knows the answer to that question. People generally earn money by trading their time for money. Most people do this at a job and trade hours of their lives for money to live life more comfortably.
People Don’t Question The Typical Time And Money Trade
Some people never question this trade off of time for money and work for their whole lives. They work hard to get ahead to get more money so they can continue to live more luxuriously. They get addicted to earning more and more money and spending it to get bigger and better things. But why? It doesn’t have to be that way.
Not Everyone Wants To Trade Time For Money Forever
There is a small group of people that are different. They start asking questions about how to quit trading time for money. They don’t blindly follow what society has outlined. They want freedom to do what they want with their time. They figured out that they need to find a way to have money without trading their time for it.
Why Time Is More Important Than Money – But Only To A Point
Time is more important than money in the sense that you have a finite amount of time. You don’t want to be the person that never got to live life because you were always slaving away at work and you were too busy chasing more money and things. Sadly, everyone we know, ourselves included, will all die one day.
Unfortunately, it isn’t as simple as quitting your job and doing whatever you want for the rest of your life because you need money to live a comfortable life. So how can you quit trading time for money but still have enough money to do what you want?
Living Off Of Investments
The most common way being able to still have money, while not having to trade your time for it, is to live off of investment income. In order to do this, you’ll have to have a large amount of investments. The best way to invest a ton of money involves spending significantly less than you earn while you’re working and investing the different.
Once your investments generate enough income or their yearly growth is more money than you need to live a comfortable life you can quit trading your time for money. Of course, it is a bit more complicated than that, but that’s the general idea.
There are other ways to trade less time for money if you’re flexible. You won’t be completely free of work though.
The Secret Alternative – Trading Less Time For Less Money
An option I see very few people take advantage of is trading less of their time for money and earning less. Most people assume you have to work a full time job or not work at all. There is a middle ground and it can be accomplished in many ways.
Instead of working full time, you can just work part time at a job. You’d have to earn a decent wage and not care about living a lavish lifestyle, but it can be done.
If you’d rather work in spurts, you can try finding contract or temporary jobs and work for a few months or years then take a few months or years off. Contract work can be very profitable if you find the right contract opportunities.
Finally, you can try your hand at starting a freelance business and just working when you need more money. Do amazing work and you should have plenty of opportunities to sell your services to others.
Have you ever traded less time for less money? What are some other secret alternatives to full time work other than traditional retirement?