avatarNiharikaa Kaur Sodhi

Summary

The article outlines five small investments that can enhance wealth creation and time management, emphasizing the importance of viewing certain expenses as investments in personal growth and efficiency.

Abstract

The article discusses the concept of investing in aspects of life that can lead to wealth creation and time efficiency. It suggests that spending money to reclaim time should not be seen as an expense but as an investment. The author provides examples such as subscribing to ad-free music services, engaging in meditation practices, using a planner to set and achieve goals, taking educational courses, and automating life tasks with tools and virtual assistance. Each investment is presented as a means to not only save time but also to improve mental and physical health, increase income, and foster a more organized and focused lifestyle.

Opinions

  • The author believes that overcoming loss aversion by investing in oneself is crucial for personal and financial growth.
  • Ad-free experiences, although seemingly minor, are worth the cost due to the frustration they alleviate and the time they save.
  • Meditation is portrayed as a valuable tool for enhancing overall well-being and productivity, with apps like Headspace being a worthwhile investment.
  • Writing down goals in a planner is considered a transformative act that can lead to significant personal achievements and career discoveries.
  • Investing in educational courses, especially those aligned with one's aspirations, is seen as a direct path to increased income and skill development.
  • Automating aspects of life, such as using virtual assistants or scheduling tools, is advocated for its ability to streamline tasks, allowing for more time to focus on creative endeavors.
  • The author suggests that the mindset of buying back time is not common but is essential for those looking to optimize their lives.

5 Small Investments That Can Help You Create Wealth And Buy More Time

You’ll be less annoyed and have more time to do high-impact work.

Photo by Jakob Owens on Unsplash

Tell me, if spending money on something helps you buy back time, is it still an expense?

If it helps you create wealth, is it an expense or an investment?

Loss aversion is real. It’s defined as:

“an individual’s tendency to prefer avoiding losses to acquiring equivalent gains. Simply put, it’s better not to lose $20, than to find $20.”

It’s the reason so many don’t invest in crypto or stocks because ‘what if I lose’ is more powerful than ‘what if I gain’.

Here are a few things that can help you buy back your time. Also, a guide to not being penny wise and pound foolish.

1. Ads or Annoyance?

You’re in the shower, playing music on Spotify or YouTube.

Suddenly, an ad plays. It’s okay, just a few seconds.

And then, another one plays. You know, the one where you can skip after 5 seconds.

Except, this time you cannot… because you’re showering.

Ads are annoying. And it doesn’t cost much to pay for them to get out.

Okay, this helps you buy back only seconds of your time but also does away with a lot of frustration, right?

Fine, I’ll jump into more serious investments in the coming points.

2. Breathe!

“You have a treasure within you that is infinitely greater than anything the world can offer” — Eckhart Tolle

It takes only a minute to learn and practice meditation.

It improves your life in literally every way — from better emotional to mental to physical health and gives you a super boost at life. Isn’t itworth it?

Leave the random YouTube meditations.

Enrol into something that is created for you to excel at life — meditation apps like Headspace or Calm. I’ve been using Headspace for 2 years and it’s one of my best investment decisions.

Just doing stuff isn’t enough, doing it from the right place is important too.

3. Ditch Your Notion Planner for This

This happened to me for the first time two and a half years ago. I sat and wrote about how my year was and how I wanted the coming year to be.

I wrote my goals are and my plans to achieve them.

Before this, I’d desired things but never wrote them down. Writing changes everything because it turns a plan into motion.

It makes goals real.

“Setting goals is the first step in turning the invisible into the visible.” — Tony Robbins

I supplemented this with monthly and weekly goals and kept them open to change depending on the progress.

That one year, my life transformed. I never knew I wanted to be a writer or an entrepreneur until spending time with myself led me here.

All this because I’m a sucker for stationary and bought a pretty-looking planner.

4. One You Probably Don’t Want to Spend On

The first time I spent $400 on a writing course, it burnt a hole in my pocket. I was at a 9–5 with a stupidly low salary (note: developing country currencies to US Dollar conversion is super expensive).

I made 3x the money spent on it within months.

Last month, I spent $799 on an online course.

To some, this will sound foolish. But it’s from my favourite person on the internet (Ali Abdaal) and because he is where I want to be, learning from him is an opportunity I wouldn’t miss.

He also knows my struggles better than others, as he was in my place less than 5 years ago.

If courses help me make 2x the money (if not 200x), it’s an investment which will help me create wealth and buy time.

5. Automate Your Life

It’s easier to automate parts of your life than you think.

Have a Virtual Assistant who does the admin tasks for you. For me, that's copying and pasting links on a tracker because I’m a obsessed with having everything in one place.

I love love love organising.

For my work, I bought some templates so I don’t leave my creative career for to depend on inspiration. I also use a Twitter automation tool so my content mill keeps running even when I’m asleep.

It helps me save time and create — double winner.

For Twitter especially, I spend under two hours every week to schedule tweets for 7–8 days with a clear head. So much better than scrolling and stressing out about writing, isn’t it?

Keep your focus, create, and buy your time back.

Most people will never do this because the concept of buying back time doesn’t exist for them. But if you’re here, chances are it does.

Go for it. And tell me how it went.

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Author’s note: Some links are affiliate links, but the author has paid 100% for the products mentioned.

Wealth
Finance
Money
Life
Advice
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