Image by Getty Images via @daylifeOne of my greatest insights and valuable observations is to accept that money is not all the same.
Fast money, hourly money and credit money.
Immediately we can observe when looking at these three species of money that one is very desire-able and the other two are worse and much worse.
The other two lead to a life of daily roil and the poor house respectively.
Not surprisingly it is very closely connected to "hourly money" because to get credit money you must prove
that you have hourly money.
a job.
The point of credit money is to exchange time for the interest you pay.
For a compounded interest rate of 10% to 20% you buy tomorrow's savings today.
You don't have to wait 5 years to save for that car because you can have it now.
Not only are we selling our precious time for money, but now we are selling and committing tomorrow's time for money today.
Hourly labor for hourly money.
A very inefficient way to get your money but you get it for sure.
Before reading this article, you may have never even thought about the three species of money.
But there is.
The financial owners of planet Earth, the 10% cream of financial circles create money they dont work for it.
In this strange world, $100,000 in 10 minutes is nothing unusual.
$30,000 in 2 days is nothing special.
The TIME component is totally irrelevant.
what is fast money centered around?
SOLUTIONS
Fast money is not made by mindless time counting.
An example of this can be found in the old dentists joke.
The fellow replies, well how long will it take? The dentist replies 2 minutes.
You see the old fellow needed a solution to his problem.
The fellow wanted a solution to his problem and THAT is what he was paying for, not the time spent, as his dentist adeptly pointed out.
To get involved in this amazing fast money world, you must seek out these types of people.
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