WEBVTT - Time Is Not Money with $Pro Grant Sabatier #058 0:00:00.120 --> 0:00:03.080 Welcome to How to Money. I'm Joel and I'm Matt, 0:00:03.320 --> 0:00:06.840 and today we're discussing why time is not money with 0:00:06.880 --> 0:00:28.560 money pro Grant Sabatier. Has been a couple of weeks 0:00:28.560 --> 0:00:31.160 and I have you filed your taxes? We did this 0:00:31.240 --> 0:00:33.279 couple of episodes on taxes, and I thought that might 0:00:33.320 --> 0:00:35.200 get you fired up. By the look on your face, 0:00:35.280 --> 0:00:37.479 it looks like you have not bought your deer in 0:00:37.520 --> 0:00:39.239 the headlights when you asked you that. I'm not gonna lie. 0:00:39.240 --> 0:00:41.640 I know I have not found my taxes yet. Confession 0:00:41.720 --> 0:00:44.919 I haven't either. I've actually I started gathering my all 0:00:44.960 --> 0:00:47.080 of my information together because well, actually it took me 0:00:47.120 --> 0:00:49.040 several weeks before I got all my forms in from 0:00:49.040 --> 0:00:50.559 my banks and all that kind of stuff. I think 0:00:50.560 --> 0:00:53.280 some of them waited until the last minute. And so yeah, 0:00:53.280 --> 0:00:55.600 I'm getting my stuff together now. Yeah. Usually I don't 0:00:55.600 --> 0:00:58.720 really start to think about sending all my stuff over 0:00:58.760 --> 0:01:01.400 to my tax repair until like the end of February, 0:01:01.600 --> 0:01:03.720 just so I'm not like anticipating these forms coming in 0:01:03.760 --> 0:01:05.679 that haven't come in yet, and I just I just 0:01:05.720 --> 0:01:07.000 know that takes a little bit of time, so I 0:01:07.080 --> 0:01:08.959 kind of wait for for a minute, and then sending 0:01:08.959 --> 0:01:11.320 all that stuff over and in one fell swoop. Yeah, 0:01:11.360 --> 0:01:12.959 I hear you, man, that's something I'm looking forward to 0:01:13.280 --> 0:01:15.520 crossing off that to do list. But on the subject 0:01:15.600 --> 0:01:17.720 of taxes, it is important for us to mention real 0:01:17.800 --> 0:01:19.880 quick that I just heard an ad the other day 0:01:19.959 --> 0:01:23.160 on the radio, and I heard a tax preparation service 0:01:23.400 --> 0:01:27.679 announced that they were offering advance loans for tax refunds. 0:01:28.000 --> 0:01:31.240 And that's not good news for people. Yeah, those kind 0:01:31.240 --> 0:01:33.479 of have started bad news, man, that's really bad news. 0:01:33.520 --> 0:01:35.559 And that those products have started to kind of become 0:01:35.600 --> 0:01:38.560 popular over the last few years in particular. And there 0:01:38.600 --> 0:01:41.200 might be some tax preparation services that are offering these 0:01:41.200 --> 0:01:44.679 sorts of advanced payment loans with no fees attached. But 0:01:44.720 --> 0:01:46.479 I just want people to be aware that if they 0:01:46.520 --> 0:01:48.920 are trying to get their money day of you know, 0:01:48.960 --> 0:01:51.000 when they go in to see a tax prepair, they 0:01:51.080 --> 0:01:54.520 might be paying really high fees to get their refund 0:01:54.880 --> 0:01:57.520 in advance. And on top of that, the I R 0:01:57.640 --> 0:01:59.680 S is pretty good if you sign up for direct 0:01:59.680 --> 0:02:02.240 depose of your refund, but getting you that money within 0:02:02.680 --> 0:02:06.000 a matter of weeks direct deposit E filing just kind 0:02:06.000 --> 0:02:09.200 of doing the things that are smart and efficient and quick. 0:02:10.160 --> 0:02:12.360 But really, man, I see those advanced loans on your 0:02:12.400 --> 0:02:14.799 tax refund almost like a paid a loan because you're 0:02:14.800 --> 0:02:16.720 going in early. You're you know, getting your refunds sooner, 0:02:17.120 --> 0:02:18.840 and the fees they can be a lot a lot 0:02:18.880 --> 0:02:20.520 of times it's a flat rate, and so you think, Okay, 0:02:20.560 --> 0:02:21.919 this is just how much this product is going to 0:02:22.040 --> 0:02:23.680 cost me. But if you actually do the math and 0:02:23.720 --> 0:02:26.080 see what the percentages, what the fee is compared to 0:02:26.120 --> 0:02:28.600 what your actual refund is, Dude, it's hundreds. It's you know, 0:02:28.680 --> 0:02:31.120 the percentages can be in the hundreds that you're actually paying, 0:02:31.360 --> 0:02:33.720 which is insane. You know, like we get mad hearing 0:02:35.480 --> 0:02:38.400 for credit cards, but dude, if you're over at two 0:02:39.440 --> 0:02:42.000 that you're paying on these loans, that's ridiculous. Yeah, And 0:02:42.000 --> 0:02:44.880 depending on the amount of the refund that you're getting 0:02:44.919 --> 0:02:47.200 back from the federal government, it could be an interest 0:02:47.280 --> 0:02:49.919 rate in that stratosphere and that's just scary. And so 0:02:50.160 --> 0:02:52.120 I just want people to know if you think getting 0:02:52.120 --> 0:02:54.400 your money sooner is the way to go, we'll just 0:02:54.480 --> 0:02:57.200 know that there are major potential fees attached to that, 0:02:57.440 --> 0:02:59.480 and it's much more worth it to hold off and 0:02:59.520 --> 0:03:01.440 wait for that direct deposit to come into you from 0:03:01.440 --> 0:03:03.680 the government, because I remember last year it took less 0:03:03.680 --> 0:03:05.480 than two weeks from most people that I talked to, 0:03:05.840 --> 0:03:08.320 and that should be the same this year hopefully. But 0:03:08.440 --> 0:03:10.880 just do everything you can to avoid those advanced loans 0:03:10.880 --> 0:03:12.959 for your tax refund because it could cost you dearly. 0:03:13.280 --> 0:03:16.480 On that note as well, a listener wrote in and 0:03:16.560 --> 0:03:19.840 informed us both of this guy named Glenn Reeves who 0:03:19.919 --> 0:03:24.720 has been recreating tax forms and Excel for years, for decades, 0:03:25.000 --> 0:03:27.160 And I had never heard of this, but basically he yeah, 0:03:27.200 --> 0:03:30.440 he recreates the actual government tax form in Excel, even 0:03:30.440 --> 0:03:33.480 with the colors and everything, and it's a duplicate essentially 0:03:33.560 --> 0:03:34.920 of the tax form that you would go and pick 0:03:34.960 --> 0:03:37.160 up and mail off. But if you've always wanted just 0:03:37.160 --> 0:03:39.240 to sit there on your computer because you're an Excel 0:03:39.320 --> 0:03:42.760 nerd like I am, to be able to just punch 0:03:42.760 --> 0:03:45.240 those numbers directly into Excel and then print that out 0:03:45.240 --> 0:03:48.240 from your computer and mail it off, that sounds freaking awesome. 0:03:48.280 --> 0:03:50.080 I've never heard of it. This guy just does this 0:03:50.440 --> 0:03:53.400 out of generosity, kind of an outflowing from his heart. 0:03:53.840 --> 0:03:57.040 He does accept donations, though, so if you wanted to 0:03:57.160 --> 0:03:59.840 tip them. You can do that, but I thought that 0:03:59.880 --> 0:04:02.240 was super cool, and I wanted to thank listener Matt 0:04:02.360 --> 0:04:04.640 Kay for writing in and giving us a scoop, and 0:04:04.680 --> 0:04:06.320 we'll post a link to that in the show notes 0:04:06.480 --> 0:04:09.680 for this episode on our website how to Money dot com. Matt, 0:04:09.760 --> 0:04:13.640 I'm not really into excel the way you are. I love, 0:04:14.240 --> 0:04:17.320 but I'm glad. I'm glad that it's excited. You did 0:04:17.560 --> 0:04:19.839 be so excited. Did you see my response? Uh? Yeah, 0:04:20.000 --> 0:04:22.240 lots lots of exclamation points. I was gonna say lots 0:04:22.240 --> 0:04:24.880 of exclamation points. Maybe a couple of emoji's, I don't know. 0:04:25.240 --> 0:04:27.240 By the way, So we're about to tell everyone the 0:04:27.240 --> 0:04:29.360 beer that we're drinking on the show. But in the 0:04:29.400 --> 0:04:31.479 spirit of beer, I wanted to mention a story that 0:04:31.520 --> 0:04:34.320 I saw recently about a beer company trying to do 0:04:34.440 --> 0:04:37.760 something about the student loan debt crisis in the United States. 0:04:37.960 --> 0:04:42.159 And it turns out the beer company Natty Light Natty 0:04:42.240 --> 0:04:45.400 Light is too also known as Natural Lights. Yes, I 0:04:45.440 --> 0:04:47.799 guess do people call it that? Anybody call it that? 0:04:47.800 --> 0:04:50.280 That's what it says on the can. So they're doing 0:04:50.279 --> 0:04:53.000 a social media campaign and from now until May eighteen, 0:04:53.520 --> 0:04:57.400 you can post about your inspiration for going to college 0:04:57.920 --> 0:05:01.000 with a couple of hashtags, and you include a green 0:05:01.080 --> 0:05:04.400 dollar sign tab found on the limited edition cans of 0:05:04.560 --> 0:05:08.320 Natty Light right now in your video that you post, 0:05:08.800 --> 0:05:10.760 and you have a chance to to win a bunch 0:05:10.800 --> 0:05:13.000 of money to go towards your student loan debt. I 0:05:13.120 --> 0:05:14.839 love this. It reminds me of like collecting the coke 0:05:14.880 --> 0:05:17.200 tabs or Pepsi tabs as a kid. You feel the 0:05:17.200 --> 0:05:19.640 gallon jug of milk full of coke tabs from from 0:05:19.640 --> 0:05:21.160 the cans and take them in it. I don't not 0:05:21.200 --> 0:05:22.720 supposed to be worth like twenty bucks or something. I 0:05:22.760 --> 0:05:24.919 don't know, but total throwback is what that is. This 0:05:24.960 --> 0:05:26.640 could be worth a whole lot more than that, but 0:05:26.800 --> 0:05:29.880 what you'll have to do, sadly is drink really crummy 0:05:29.920 --> 0:05:32.040 gear in order to get you. So I don't think 0:05:32.080 --> 0:05:34.600 Matt and I'll be participating in this, But way to 0:05:34.600 --> 0:05:36.640 go Natty Light for giving away a million dollars to 0:05:36.680 --> 0:05:38.520 help people pay down their college loans. That's super cool. 0:05:38.520 --> 0:05:40.240 I can't believe you just said way to go Datty Light. 0:05:40.360 --> 0:05:43.160 I know quote right there, last time you'll ever hear 0:05:43.200 --> 0:05:46.039 that on this podcast. So Matt on our show. We 0:05:46.080 --> 0:05:49.159 don't typically drink light beers, but but so today on 0:05:49.200 --> 0:05:51.600 the show, we're drinking something from one of our favorite 0:05:51.600 --> 0:05:55.120 local breweries, Creature Comforts Brewing Company, And this is a 0:05:55.160 --> 0:05:56.640 new beer that they just came out with that I 0:05:56.680 --> 0:05:58.599 picked up at my local bottle shop and I'm excited 0:05:58.640 --> 0:06:02.839 to give a shot the Tritonia Goza with pineapple, lemon 0:06:03.080 --> 0:06:05.960 and corienter. So yeah, I'm so excited. I'm glad you 0:06:06.000 --> 0:06:07.719 picked one of these up. I'm a huge fan of 0:06:07.720 --> 0:06:09.800 pineapple myself, so I think this beer is gonna be 0:06:09.880 --> 0:06:11.679 right up my alley. Man, and you already took a sip. 0:06:11.720 --> 0:06:13.480 What are your thoughts? So if I had to give 0:06:13.600 --> 0:06:17.640 one word to describe that beer fresh, dang, dude, this 0:06:17.680 --> 0:06:21.880 is so good. Okay, my one word will be flavor ice. 0:06:22.520 --> 0:06:24.240 You busted out the hyphen nation last week or a 0:06:24.240 --> 0:06:27.200 couple of weeks ago, and it's my turn hyphenated word 0:06:27.440 --> 0:06:30.640 flavor ice. Man. When you think it can't get any weirder, 0:06:30.839 --> 0:06:34.600 it does. So Matt and I will explain our word 0:06:34.720 --> 0:06:36.400 choice and give you kind of some more notes on 0:06:36.440 --> 0:06:37.760 what we thought about this beer at the end of 0:06:37.760 --> 0:06:39.920 the show. First off, one last thing I gotta say 0:06:39.920 --> 0:06:42.400 about this beer. Matt Creature Comforts, in my mind, has 0:06:42.440 --> 0:06:46.080 some of the best can designs out there period. And 0:06:46.160 --> 0:06:48.600 so if you don't follow us on Instagram, we post 0:06:48.600 --> 0:06:50.480 pictures of all the beers that we drink and you 0:06:50.480 --> 0:06:52.520 can see like the sweet can design for this one, 0:06:52.680 --> 0:06:54.560 and also just kind of some of the random behind 0:06:54.600 --> 0:06:56.840 the scenes stuff that you and I get into. But now, Matt, 0:06:56.880 --> 0:06:59.800 without any further ado, let's get into the subject at hand. 0:07:00.200 --> 0:07:03.040 Time is not money with our money pro for today, 0:07:03.279 --> 0:07:07.839 Grant Sabatier. I am so stoked to have Grant on. 0:07:08.279 --> 0:07:11.800 He is a total stud. Right after college, he was unemployed, 0:07:11.960 --> 0:07:14.560 living at home with his parents. His story right involves 0:07:14.600 --> 0:07:17.120 him only having two dollars and twenty six cents in 0:07:17.200 --> 0:07:19.600 his bank account, which I love. He couldn't afford to 0:07:19.600 --> 0:07:21.720 go to get a Chipotle burrito. Like That's why that 0:07:21.800 --> 0:07:23.960 stands out my mind because I love Chipotle to make 0:07:23.960 --> 0:07:28.320 awesome burritos. To the depths he had sunk. But it's 0:07:28.320 --> 0:07:30.720 just such a compelling story. But from that moment he 0:07:30.760 --> 0:07:32.840 decided that he's going to turn his life around. And 0:07:33.120 --> 0:07:35.640 then in five years he became a millionaire and he 0:07:35.720 --> 0:07:38.640 was financially independent at the age of thirty, and he 0:07:38.720 --> 0:07:41.040 now owns a couple of businesses. He runs the site 0:07:41.400 --> 0:07:44.520 Millennial money dot com and is now releasing a book 0:07:44.640 --> 0:07:48.160 on financial independence and it is called Financial Freedom And 0:07:48.200 --> 0:07:51.720 you know what, This actually releases tomorrow, February five, which 0:07:51.760 --> 0:07:53.680 is super timely, so I'm pumped to have him on. 0:07:53.960 --> 0:07:56.160 And he actually sent us some advanced copies of the 0:07:56.160 --> 0:07:57.400 book that we got to read. And one of the 0:07:57.400 --> 0:07:59.120 one of the things I loved that I connected with 0:07:59.160 --> 0:08:00.880 it was the fact that he's such to hustler. He's 0:08:00.880 --> 0:08:03.200 from the Midwest, so he's got that Midwestern work ethic, 0:08:03.680 --> 0:08:05.480 and he did everything at the beginning when he was 0:08:05.520 --> 0:08:08.680 first during his life around from building websites up to 0:08:08.880 --> 0:08:11.320 like buying and selling mopeds like the little the little 0:08:11.320 --> 0:08:13.360 small engine mopeds you know I'm talking about. Yeah, totally 0:08:13.400 --> 0:08:16.760 super hip. I love him. I had one similar like 0:08:16.760 --> 0:08:18.920 not it was actually more of a scooter. But I 0:08:18.960 --> 0:08:20.760 love the old school mopeds, but they have more issues 0:08:20.800 --> 0:08:22.640 with them, right, the old ones. Yeah, Yeah, it kind 0:08:22.640 --> 0:08:24.600 of takes a special knowledge to kind of know what 0:08:24.640 --> 0:08:26.920 you're looking at. And they got little pedals built into them, 0:08:26.920 --> 0:08:30.640 so they're super cool. Though, Yeah, so I appreciate the 0:08:30.720 --> 0:08:33.120 grants first off, written a book, because I've never written one. 0:08:33.200 --> 0:08:35.160 It seems too hard. I don't know if I'll ever attempted. 0:08:35.480 --> 0:08:37.520 But really, what I love about what Grant's gonna share 0:08:37.559 --> 0:08:39.760 with us is, I mean, how many times have you 0:08:39.760 --> 0:08:43.760 heard the phrase time is money? And I have heard that, right, 0:08:44.080 --> 0:08:46.400 That's a common phrase, and when you've heard it so 0:08:46.400 --> 0:08:48.640 many times, it becomes kind of ingrained into your way 0:08:48.679 --> 0:08:51.319 of thinking. Oh well, yes, of course time and money 0:08:51.400 --> 0:08:54.560 are equivalent. And I love how what Grant is sharing 0:08:54.559 --> 0:08:58.440 with us today is kind of battling that common misconception. 0:08:58.760 --> 0:09:01.800 It's ultimately, really it's it's b s and it's a 0:09:01.840 --> 0:09:04.720 philosophy that's led many people to working for all the 0:09:04.760 --> 0:09:07.040 wrong reasons. And Matt, you and I in episode fifty 0:09:07.080 --> 0:09:09.520 talked about how to cultivate a healthy view of work, 0:09:09.760 --> 0:09:12.560 and so having a holistic view of work is crucial 0:09:12.679 --> 0:09:16.040 in our minds, and equating your time and your money 0:09:16.200 --> 0:09:18.760 as being the same, I mean, that's a that's a 0:09:18.760 --> 0:09:22.160 slippery slope. And so ultimately, I think this episode is 0:09:22.240 --> 0:09:24.160 kind of going to help us figure out how we 0:09:24.200 --> 0:09:26.800 break out of that linear line of thinking to have 0:09:26.840 --> 0:09:30.240 a better overall concept of our time and our money 0:09:30.480 --> 0:09:33.679 and where that line kind of gets divided. And this 0:09:33.760 --> 0:09:35.520 is the third one. This is the third money Pro 0:09:35.679 --> 0:09:37.080 that we've been able to release. So a lot of 0:09:37.080 --> 0:09:38.959 you might be familiar with this format now, but you 0:09:39.000 --> 0:09:40.880 know what, if this is your first one, let me 0:09:40.880 --> 0:09:42.680 explain how it works real quick. The way it works 0:09:42.679 --> 0:09:44.480 is that our money Pro has sent us their five 0:09:44.520 --> 0:09:47.959 minutes of expertise, their knowledge and their passion on this 0:09:48.120 --> 0:09:51.480 topic sort of distilled down into this concentrated segment, and 0:09:51.480 --> 0:09:53.360 we're gonna play that once we come back from the break, 0:09:53.679 --> 0:09:55.360 and right after that, Joel and I are going to 0:09:55.440 --> 0:10:07.719 unpack that and share our thoughts. All right, Matt, So 0:10:07.800 --> 0:10:09.679 without further Ado, I want to hear what Grant has 0:10:09.720 --> 0:10:13.319 to say about white time doesn't equal money. Take it away, Grant. 0:10:13.640 --> 0:10:16.440 Thanks for having me. Guys. One of the biggest things 0:10:16.440 --> 0:10:19.320 that holds people back is that they think that time 0:10:19.400 --> 0:10:22.360 is money. We grow up and we're told that time 0:10:22.440 --> 0:10:24.400 is money and money is time, and we're meant to 0:10:24.440 --> 0:10:29.400 believe that they're equals. But in reality, money is inherently infinite. 0:10:29.440 --> 0:10:31.880 You can always go out and make more money, you 0:10:31.920 --> 0:10:35.000 can never get back this moment. This moment is really 0:10:35.040 --> 0:10:37.079 all there is. You can never get back this time. 0:10:37.520 --> 0:10:39.760 I mean, what would you do if some ninety year 0:10:39.800 --> 0:10:42.800 old rich dude offered you a hundred million dollars to 0:10:42.880 --> 0:10:46.480 trade place with him. You wouldn't do it. Why? Because 0:10:46.480 --> 0:10:50.360 time is more valuable than money. And as long as 0:10:50.400 --> 0:10:53.040 we believe that time is money, we're going to make 0:10:53.080 --> 0:10:56.400 sacrifices and trade much more of our time than we 0:10:56.480 --> 0:10:59.760 need to in order to make money. And yes, both 0:10:59.800 --> 0:11:03.080 money and time are human inventions. They do share a 0:11:03.160 --> 0:11:07.800 number of similarities. But in reality, if you think that 0:11:07.920 --> 0:11:10.439 money is time, it's going to hold you back in 0:11:10.559 --> 0:11:15.000 some way. And in fact, the traditional linear relationship between 0:11:15.040 --> 0:11:17.360 money and time that you think you have to trade 0:11:17.400 --> 0:11:21.280 hours of your life in order to make money only 0:11:21.320 --> 0:11:24.720 holds true up to a certain point in your life. 0:11:24.800 --> 0:11:29.360 And the entire goal of financial independence, the strategy that's 0:11:29.400 --> 0:11:33.160 going to get you there the fastest is disrupting that 0:11:33.280 --> 0:11:38.480 traditional money time linear relationship. And so you know, for example, 0:11:38.600 --> 0:11:43.079 investing more money gives you the opportunity for your money 0:11:43.080 --> 0:11:45.960 to grow, and when you invest your money in something 0:11:46.280 --> 0:11:48.960 you know it requires little, if any of your time. 0:11:49.160 --> 0:11:52.439 Then to make money, you know, Warren Buffett famously makes 0:11:52.679 --> 0:11:56.560 about one point five million dollars per hour even when 0:11:56.559 --> 0:12:00.280 he's sleeping, and I actually make about forty five dollars 0:12:00.320 --> 0:12:02.880 per hour even when I'm sleeping, and I don't have 0:12:02.920 --> 0:12:05.000 to trade any of my time to make that money. 0:12:05.280 --> 0:12:07.440 So really, the central idea that you have to trade 0:12:07.440 --> 0:12:10.360 your time for money is what holds most people back. 0:12:10.400 --> 0:12:12.640 And the simple idea is that you should get your 0:12:12.679 --> 0:12:15.319 money making money so you don't have to trade any 0:12:15.440 --> 0:12:18.160 or very little of your time in order to make it. 0:12:18.200 --> 0:12:22.200 And of course investing is just one example. Another simple 0:12:22.240 --> 0:12:25.920 example is, you know, whenever you launch a business, instead 0:12:25.920 --> 0:12:28.800 of just trading your own time for money, for example, 0:12:29.040 --> 0:12:31.800 driving for Lift or driving for Uber, there's only so 0:12:31.840 --> 0:12:35.120 many hours in the day that you can drive. But 0:12:35.320 --> 0:12:37.840 if you launch your own side hustle, for example a 0:12:37.920 --> 0:12:41.400 dog walking company, uh, and you're no longer limited by 0:12:41.400 --> 0:12:44.160 the hours that you have in the day by hiring 0:12:44.240 --> 0:12:47.720 other people to do the dog walks for you. Because 0:12:48.080 --> 0:12:50.240 if you're always limited by your own time, you know, 0:12:50.280 --> 0:12:52.800 you can't walk dogs for thirty hours a day. But 0:12:52.840 --> 0:12:55.120 if you hire two people to walk dogs for you, 0:12:55.440 --> 0:12:58.439 all of a sudden, you've multiplied the number of hours 0:12:58.480 --> 0:13:01.240 that you can sell, and instead of selling your own time, 0:13:01.400 --> 0:13:05.199 you're brokering other people's time, and you've disrupted that traditional 0:13:05.400 --> 0:13:09.120 money time linear relationship where now you don't have to 0:13:09.120 --> 0:13:12.000 trade your time or more of your time in order 0:13:12.040 --> 0:13:15.560 to make more money. Another piece of the puzzle here 0:13:16.120 --> 0:13:20.040 is that we often think about time very differently in 0:13:20.120 --> 0:13:22.960 the West than they do in the East. We view 0:13:23.800 --> 0:13:28.679 our lives as having a past, present in future, whereas 0:13:28.800 --> 0:13:31.720 in the East it's often viewed time is often viewed 0:13:31.720 --> 0:13:36.040 as more cyclical, and so life comes around and so 0:13:36.920 --> 0:13:40.240 really the important takeaway here is that in the West, 0:13:40.320 --> 0:13:44.080 we always believe that we're not going to have another opportunity, 0:13:44.320 --> 0:13:47.160 and so we spend our lives filling every ten minutes, 0:13:47.520 --> 0:13:50.520 every five minutes with another meeting. We try to stay 0:13:50.520 --> 0:13:53.840 as busy as possible. But the paradoxes and trying to 0:13:53.880 --> 0:13:56.960 stay as busy as possible and squeeze everything out of 0:13:57.040 --> 0:14:00.480 every minute of the day, inherently we're actually sing out 0:14:00.520 --> 0:14:04.160 on life because life often happens in the margins. It 0:14:04.200 --> 0:14:08.280 often happens when you know you don't have anything to do, 0:14:08.640 --> 0:14:11.559 when you simply have time and space with which to exist. 0:14:11.600 --> 0:14:13.880 But we spend so much of our lives in the West, 0:14:13.920 --> 0:14:16.720 in the United States, specifically, trying to fill every minute 0:14:16.760 --> 0:14:18.920 of the day, uh, in order to get the most 0:14:18.960 --> 0:14:21.800 of our lives. But it actually takes away from our 0:14:21.840 --> 0:14:23.960 lives and doesn't allow us to truly live where in 0:14:24.000 --> 0:14:28.400 the East. Uh. Time being cyclical. If you miss an opportunity, 0:14:29.160 --> 0:14:32.080 you believe that it will always come back around. You know, 0:14:32.160 --> 0:14:35.560 there's always another season, there's always another day. And that's 0:14:35.600 --> 0:14:38.600 an important distinction I think to make. And so as 0:14:38.640 --> 0:14:41.000 long as you believe that time is money, it's going 0:14:41.040 --> 0:14:44.280 to hold you back. Time is not money. It's so 0:14:44.360 --> 0:14:49.080 much richer. Uh, it's so much more ethereal. You know. 0:14:49.200 --> 0:14:51.720 Time is like the wind passing, whereas money it's something 0:14:51.720 --> 0:14:53.920 you can fold up and put in your pocket. And 0:14:54.000 --> 0:14:57.720 so don't make the mistake of spending your entire life 0:14:58.240 --> 0:15:02.400 working for a paycheck, trading your time for money, when 0:15:02.440 --> 0:15:04.840 in reality, money is infinite. You can always go out 0:15:04.840 --> 0:15:07.360 and make more money, but you can never get back 0:15:07.480 --> 0:15:10.760 your time. This moment, your time is all there is 0:15:11.560 --> 0:15:13.440 such good truth right there. I'm so glad we've got 0:15:13.440 --> 0:15:15.960 granted on. Let's live into a dude so what he 0:15:16.040 --> 0:15:19.000 just said, right, we're told that money and time are equals, 0:15:19.200 --> 0:15:21.400 but in reality, you can always go out and you 0:15:21.400 --> 0:15:24.920 can always earn more money. You can never get back time. However, 0:15:25.200 --> 0:15:27.360 we're saying this, but it is way easier said than done, 0:15:27.760 --> 0:15:29.800 which is why I'm glad that he gave that example 0:15:29.800 --> 0:15:31.320 about the nine year old dude. You know, if you 0:15:31.360 --> 0:15:33.200 gave you a hundred million dollars, would you trade places 0:15:33.240 --> 0:15:34.920 with them? This is why I love that, right, because 0:15:34.920 --> 0:15:36.160 you hear that and you think, well, of course not, 0:15:36.280 --> 0:15:38.560 like I would never do that. And what that does 0:15:38.720 --> 0:15:41.760 is it drives home the principle that time truly is 0:15:41.760 --> 0:15:44.760 more valuable than money. In our youth, we think that 0:15:45.000 --> 0:15:48.000 I've got more time, and because this is a resource 0:15:48.040 --> 0:15:50.720 that we have, time, we think, oh, well, there's always 0:15:50.760 --> 0:15:52.720 gonna be more time. Oh, I can always do that tomorrow. 0:15:53.120 --> 0:15:55.680 We devalue our time now because we are younger and 0:15:55.720 --> 0:15:57.640 we have what we think at least is the whole 0:15:57.640 --> 0:16:00.760 life in front of us. And by that one example 0:16:00.880 --> 0:16:04.360 right there, it makes me think, no, time really is 0:16:04.720 --> 0:16:08.080 that much more valuable than money. Therefore, the things I 0:16:08.120 --> 0:16:11.200 do now they should reflect that understanding. Yeah, Matt, and 0:16:11.240 --> 0:16:13.720 I feel like another main point that I took away 0:16:14.000 --> 0:16:17.240 from from what Grant had to say was to appreciate 0:16:17.240 --> 0:16:19.400 the journey. And I feel like that example that you 0:16:19.440 --> 0:16:22.760 just referenced actually drives at home too, because if we are, 0:16:23.040 --> 0:16:25.320 you know, in our twenties or thirties or forties, and 0:16:25.480 --> 0:16:27.920 let's say we're only focused on getting to the point 0:16:27.920 --> 0:16:30.640 where we feel like we have enough money, then we're 0:16:30.640 --> 0:16:33.080 gonna be missing all these amazing times along the way, 0:16:33.280 --> 0:16:38.080 the journey that actually makes the destination worthwhile. I don't know, 0:16:38.120 --> 0:16:40.600 I just imagined like a ninety year old Scrooge McDuck 0:16:40.680 --> 0:16:43.040 kind of like sitting there counting his money and he's like, 0:16:43.040 --> 0:16:44.480 I did it. I did it, and then it's like, 0:16:44.720 --> 0:16:47.440 but I lost everything in the process, right, Joel. I 0:16:47.480 --> 0:16:50.480 love that visual, but real quick, I wanted to mention 0:16:50.560 --> 0:16:53.520 that trading our time for money, that is still how 0:16:53.560 --> 0:16:55.480 we live right now, right Like, that's how you and 0:16:55.480 --> 0:16:57.440 I survived, that's how we pay the bills, that's how 0:16:57.480 --> 0:17:00.320 we support our family, and the thing is that we 0:17:00.360 --> 0:17:01.840 just don't want to be doing that for the rest 0:17:01.840 --> 0:17:04.680 of our lives. When you're stuck in that mindset, that's 0:17:04.720 --> 0:17:07.560 when you're constantly on that treadmill, Grant mentioned that there's 0:17:07.560 --> 0:17:10.640 a certain point in life where that's no longer the case, 0:17:11.040 --> 0:17:12.960 and what he's talking about is financial independence, and that's 0:17:12.960 --> 0:17:15.199 what you just alluded to. That's what we're sort of 0:17:15.240 --> 0:17:17.320 saving our money for. That's the point that we're looking 0:17:17.359 --> 0:17:20.200 ahead towards to know that at this point in time 0:17:20.200 --> 0:17:24.040 we will hopefully no longer have to trade our time 0:17:24.200 --> 0:17:26.520 for money like we still might. And we've talked about 0:17:26.520 --> 0:17:28.800 this before in previous episodes. You know, it doesn't mean 0:17:28.800 --> 0:17:31.240 we're gonna retire and kick back and not do any work, 0:17:31.440 --> 0:17:32.879 but to know that we have the option to no 0:17:32.960 --> 0:17:36.399 longer trade our time, our life, energy right like the 0:17:36.400 --> 0:17:40.359 remaining years that we have for money, that's financial independence, man. 0:17:40.400 --> 0:17:42.960 I feel like this topic too, can help people visualize 0:17:43.000 --> 0:17:45.840 their current day job and work a little bit differently, 0:17:46.119 --> 0:17:48.600 and just seeing that time and money are not equivalent 0:17:48.840 --> 0:17:51.159 can help you realize that the hours that you spend 0:17:51.160 --> 0:17:54.639 in the day are more meaningful than you thought. I 0:17:54.680 --> 0:17:56.760 don't know about you, but for me, it just reframed 0:17:56.800 --> 0:17:59.000 things just a little bit. To see my time in 0:17:59.000 --> 0:18:02.080 a in a way that that's a little more meaningful 0:18:02.119 --> 0:18:04.639 than I typically think of it every day. Sometimes it's like, oh, 0:18:04.680 --> 0:18:07.040 we gotta go to work, gotta do this, and oftentimes 0:18:07.080 --> 0:18:09.800 it feels like I'm thinking about my time in accordance 0:18:09.840 --> 0:18:12.680 to what society places on me or what they say 0:18:12.760 --> 0:18:15.920 about my time and why it's valuable. Beginning to hear 0:18:15.920 --> 0:18:18.240 what Grant said, it actually kind of made me take 0:18:18.280 --> 0:18:20.160 my time back into my own hands and say, well, 0:18:20.160 --> 0:18:22.040 what does my time mean to me? Where do I 0:18:22.080 --> 0:18:23.880 like to spend it? And it's just made my time, 0:18:23.920 --> 0:18:27.679 honestly at the dinner table and after dinner and before 0:18:27.680 --> 0:18:30.040 I take my girls to school, like those kind of 0:18:30.080 --> 0:18:33.000 times with them, with my family even just a little 0:18:33.040 --> 0:18:36.199 bit richer, just knowing that my time isn't money. My 0:18:36.320 --> 0:18:39.840 time is mine to enjoy with the people that I 0:18:39.880 --> 0:18:42.200 love and care about, and you know, we talk about 0:18:42.240 --> 0:18:44.560 that on the show, Matt, but this just helped cement 0:18:44.640 --> 0:18:46.199 that for me a little bit more. And it's kind 0:18:46.200 --> 0:18:49.080 of one of those gentle reminders that I need to 0:18:49.119 --> 0:18:52.400 remember that my time is not just equivalent to money, 0:18:52.480 --> 0:18:55.600 and that's just honestly an awful thing that if we 0:18:55.640 --> 0:18:57.159 do think about it that way, and it might be 0:18:57.240 --> 0:18:59.240 subtly in the back of your mind, we have to 0:18:59.280 --> 0:19:01.600 reframe that because that's not an okay way to think 0:19:01.600 --> 0:19:04.840 about your time. It's not equivalent to money. Yeah, and 0:19:04.920 --> 0:19:06.679