https://www.youtube.com/watch?v=697h_UB5nXI How To Stop Trading Time For Money. Are you tired of working long hours and feeling like you're never able to catch a break? It's time to take control of your time and stop trading it for money. In this video, you'll learn practical tips and strategies to help you achieve time wealth and achieve financial freedom. Although hard work has its merits, it's not enough to achieve wealth. To have financial stability and the ability to buy what you want and retire comfortably, you should consider alternatives to trading your time for money. From time management techniques to mindset shifts, we've got you covered. Start making the most of your time and watch now!

1. How To Stop Trading Time For Money
In my last video, I explained the importance of being
healthy as one of the requirements for a happy and
ful
fi
lling life.
You can be healthy but if you cannot generate and
manage your wealth, then it will result in stress and
probably can cause a decline in your health.
Health and wealth goes hand in hand. But take note that
being wealthy does not mean you’re healthy and vice
versa. There should be a balance between them.
If you solely rely on working for income, it is unlikely that
you will become wealthy. Employers have limits on how
much they pay and there are only a limited number of
working hours available.
Although hard work has its merits, it's not enough to
achieve wealth. To have
fi
nancial stability and the ability
to buy what you want and retire comfortably, you should
consider alternatives to trading your time for money.
If you’re interested in improving your
fi
nancial status make
sure to subscribe to the channel and hit the like button and
the noti
fi
cation bell so you will be noti
fi
ed on our upcoming
videos.

2. Ever since we started schooling, our parents taught us to
study hard, get high grades and get a high paying job.
Even in college, we were subjected to courses in
fi
nance,
marketing, production, but we never learned how to
generate passive income through investments.
Our mindset were limited to having an active income in
other words being an employee.
Despite one's education level or occupation, the amount of
money earned from traditional employment or exchanging time
for pay is limited and does not always yield high earnings.
For example, a physician earns an average of $250,000 annually,
according to the U.S Department of Labor Statistics, while a
lawyer may make $150,000 per year if he is an employee. Private
practicing lawyers earn more.
Although earning a six-
fi
gure salary is not too bad, it is not the
only way to attain a substantial income.
Highly paid individuals can earn a comfortable income, but such
income alone will not make them wealthy.
According to a
fi
nance expert, your employer's role is to provide
you with a paycheck, not to make you rich.
It is up to you to become wealthy if you desire. When you are
hired for a job, the pay and job responsibilities are discussed and
it is up to you to decide if the compensation is fair for the work
expected of you.

3. From the employer's perspective, their goal is to complete work
at the lowest cost to their business, leveraging the labor of
employees to increase their pro
fi
ts.
It is not their responsibility to pay employees so much that they
leave the company. If the compensation o
ff
ered by your
employer is not fair, it is your responsibility to move on to other
opportunities, such as
fi
nding a new employer with better
compensation.
With the cost of everything from groceries to cars to clothing
consistently increasing, is your pay also rising at an equal or
higher rate?
During times of high in
fl
ation, it is unlikely that your income is
increasing at the same pace as the cost of household items.
If you compare the price of groceries to your paycheck, you will
notice the disturbing di
ff
erence, resulting in a tighter budget for
your household.
Although there may be instances where in
fl
ation is low and
wages increase, this does not help during periods of in
fl
ation
when budgets are being stretched.
Relying on a
fi
xed income that does not keep pace with the rising
cost of consumer goods makes budgeting di
ffi
cult from year to
year.
This should prompt you to consider a better alternative. The truth
is that individuals who trade their time for money pay more in
taxes than entrepreneurs and investors.
Warren Bu
ff
ett, with a net worth of more than $100 billion, has
stated that he pays a lower tax rate than his secretary.

4. Buffett compared his own tax rate to that of his employees
and found that he paid a 17.7% tax rate while the average
tax rate of his employees was 32.9%.
Although his tax rate was lower, he still had a larger tax bill
due to having more income. This is because employees
have limited tax deductions, while business owners and
investors have more expenses that can be legally
deducted, resulting in a lower portion of their income being
taxed.
With limited hours in a week, working only 40 hours a
week results in a capped earning potential. To increase
annual income, the number of working hours would have
to increase signi
fi
cantly unless a higher rate of pay is
o
ff
ered.
The amount of time available in a week to work is limited, as one
must also spend time sleeping, eating, resting, getting ready for
work, and spending time with family.
As a result, most people do not want to work every waking
minute. Trading your time for money has its limitations, as you
are capped at how much you can earn.
For example, if you work 40 hours per week, you bring in a
certain amount. To double or triple your annual income, you
would need to work 120 hours per week, which is unrealistic
unless your boss is willing to triple your pay.
This highlights how di
ffi
cult it is to increase your income if you're
relying solely on one source.

5. Thankfully, workers have the ability to multiply their wealth by
keeping a portion of their earned income and investing it in
assets with the potential for growth.
By investing in things like index funds, bonds, stocks, and real
estate, workers can ensure that the hours spent at work are not
in vain and can break the cycle of just earning and spending
money.
Additionally, investing in a business like franchising well known
brands can lead to even greater rewards, as it has the potential
to generate income even when the owner is not actively working,
providing a win-win situation for both the owner and employees.
One bene
fi
t of investing in assets such as stocks, bonds, real
estate, or starting a business is the di
ff
erent way in which the
income generated from these investments is taxed compared to
earned income.
With paper assets, for example, taxes can be reduced by
investing within a retirement account.
As for the franchising business grows and generates more
income, it also increases in value and can be sold, providing the
possibility of passive income. Investing in assets not only o
ff
ers
the potential for exponential wealth, but also allows for tax
savings.
Investing income is taxed di
ff
erently than earned income and
there are various methods to lower the amount owed in taxes.
By investing in retirement accounts such as 401K, IRA, or Roth
IRA, taxes on paper assets can be reduced. If these accounts are
not utilized, capital gains tax will likely be imposed.

6. Real estate investment is also known for being tax e
ffi
cient, with
many investors paying minimal or no tax at all. Business
ownership can result in substantial tax savings as well, due to the
numerous tax bene
fi
ts available to business owners.
By utilizing allowable expenses, the amount of tax owed can be
reduced, even for highly pro
fi
table businesses. Business owners
are given preferential tax treatment as they contribute to job
creation and economic growth.
The best part of investing in assets and businesses is not only
the ability to earn money even when not working and receiving
favorable tax treatment, but also the potential for signi
fi
cant
fi
nancial gain.
The earning potential for an employee is limited, while investing
in assets and businesses has unlimited potential.
Many successful businesses experience rapid growth in
earnings, doubling or even tripling annually.
Trading time for a salary as an employee is challenging, and will
not lead to signi
fi
cant wealth.
It's essential to consider alternatives and invest in opportunities
that can generate exponential returns, with no earning cap, better
tax treatment, and less time spent working.