Merriam-Webster defines an Entrepreneur as:
“a person who starts a business and is willing to risk loss in order to make money”
Entrepreneurship is simply identifying what value you have that other people want and delivering that value to them in exchange for other value, which we have standardized in the form of money.
Where Does Money Come From?
Money comes from time. To get money you either a) sell your time or b) create assets that make money. Option “b” ultimately generates more money from less time and it therefore is much better for lifestyle fanatics. However, it still takes time — considerable time.
We can all agree that time is the most important and precious asset you have (more on that here).
Money Comes From Time
You’ve got 112 hours each week. Assuming you sleep 8 hours a night, that leaves 16 each day, times 7 is 112. You probably work 40 of those hours, so that takes you right down to 72. Then there is eating, cleaning the house, driving to and from work, getting ready for work, etc, which suck up a whole lot of those 72 hours. Let’s be really conservative and say you only spend 4 hours a day on those things and we’re down to only 44 hours left.
It goes fast.
What Can You Do With Money?
You can use it to get time back. Use money to pay people to mow your lawn, do your grocery shopping, and clean your house. You use your time to make money and you use that money to get time back.
Lifestyle Fanatics are obsessed with two things:
- Making money
- Using that money to Build better lives for themselves and others.
Always create things that will make you money in the future, which you use, not only to make your life better, but also to make more money to make your live even better and do all the other things you want to do with money.
Why is Money Valuable?
Money is generated by investing your most valuable asset, so it therefore has considerable value itself. Further, since money allows you to make better use of your most valuable asset, it’s really awesome.
Put away your notions that money is bad, evil, or negative in any way and remember that it represents two things:
- The investment of your or someone else’s most precious asset.
- A tool you can use to better use your most precious asset.
To live an ultimate lifestyle of freedom you need money, but first you have to quit thinking about it in a negative way. You are giving up your most precious asset for it. Do so proudly and use that money you get in exchange to make your life everything you want it to be.