By Michael Yardney April 2, 2024

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Redefining Richness: Why Time Matters More Than Money

Money & You
Redefining Richness: Why Time Matters More Than Money

Do you think much about how you spend your time?

Or does your day just seem to fly past filled with tasks and other people’s priorities?

Controlled by others?

Time

I recently read an article by Sahil Bloom that discussed who we spend our time with over the course of our lives.

The insights I got from this were simultaneously inspiring but also a little saddening.

I know I would do things differently if I had my time over and I bet you will also feel the same once you read the following and see the charts I have included from his article.

Bloom delves into the concept of time, emphasizing its precious and finite nature.

The core message is about embracing the passage of time, rather than avoiding it, a sentiment echoed by Steve Jobs in his famous Stanford commencement address where he highlighted the clarifying power of acknowledging mortality.

Bloom talks about our relationship with time across different stages of life and with different groups of people.

Family Time

Bloom notes that time spent with family, particularly parents and siblings, peaks in childhood and sharply declines after age 20.

He urges readers to cherish these moments and to prioritize family time, understanding its limited nature.

Friends

Bloom explains that time spent with friends peaks at age 18 and declines sharply to a low baseline.

In your youth, you spend a lot of time with a lot of friends. As you enter adulthood, you spend a little bit of time with a few close friends.

Partner

Time spent with your partner trends up until death.

The person you choose to confront life's ups and downs with will have the largest impact on your happiness and fulfillment.

In fact, I believe who you choose as a partner is the most important decision you'll ever make.

Children Time

Time spent with your children peaks in your 30s and declines sharply thereafter.

This time is especially fleeting, often referred to as the "Magic Years" so be fully present during these years and engage deeply with your children.

There's a devastatingly short window of time during which you are your child's entire world. Don't blink.

Coworker Time

Given that a significant portion of our adult lives is spent with coworkers, if you have a choice it is important to choose work and colleagues that add energy and meaning to our lives.

Alone Time

Interestingly, time spent alone increases throughout life, so embrace solitude and learn to find joy and fulfillment in your own company.

The Paradox of Time

Distilling all of this into 6 key lessons:

Family time is limited—cherish it.
Friend time is limited—prioritize real ones.
Partner time is significant—never settle.
Children time is precious—be present.
Coworker time is significant—find energy.
Alone time is abundant—love yourself.

The problem is that despite understanding the value of time, many of us engage in activities that don't respect its importance.

So I encourage you to reflect on your relationships and make changes to prioritize the people who matter most.

Here's a way to spend your time wisely

At my annual Wealth Retreat, I give you the blueprint that I have used for successfully building a multi-million dollar property portfolio.

This is a training event - there is nothing to sell in the back of the room - no expensive courses and definitely no properties for sale.

We'll be holding Wealth Retreat 2024 on the Gold Coast on April 27th to May 1st.

Click here now and get all the details, express your interest in joining us and we'll be in contact with you to have a qualification interview with me.

If you are serious about finding your passion, and...

If you want to learn how to grow your lifetime wealth, you must join us at Wealth Retreat 2024.

The high-level topics we discuss won’t be found in books or blogs or on podcasts.

This year’s broadened curriculum will include the little-known (and rarely talked about) success philosophies, beliefs, thinking and behaviours as well as the advanced investment, finance, share market, business, structuring and tax strategies that allow multi-millionaire investors to attract maximum wealth!

You will have the opportunity to network with a group of like minded investors, businesspeople and entrepreneurs while discovering how to build a true property investment business.

Wealth Retreat will cover the 5 areas that help create true wealth.

Knowledge - we will be sharing "high end" wealth creation, business and tax strategies. We have Australia’s leading faculty of property, tax, finance, superannuation and legal experts.
Systems - we obviously believe in property as the best system for creating wealth and we will discuss advanced property strategies such as property development. Plus we will show you advanced wealth creation and business growth systems.
Mindset - this part is critical and probably the one where attendees can get the most leverage. In previous years we expanded the delegates Wealth Operating Systems (the way they think) so that they were receptive to a whole raft of new concepts - and judging by the results - it worked.
The right network of people - we will be a big mastermind group. Some great joint ventures were formed at Wealth Retreat last year. In business it’s not what you know. In fact, it's not even who you know, it's often who you know knows. This is not a typo! Wouldn't you like to have access to the names in my Outlook contact list?
Contribution - one of the true benefits of wealth is being able to contribute to our community and the world in general.

So in summary...

This 5 day retreat will be for successful business people, entrepreneurs and investors, who want to get to the next level, form a large mastermind group and learn high end wealth creation, tax strategies and business concepts from highly successful and credible presenters.

It’s for people who want to build a true property investment business.

The numbers are genuinely limited- we keep the numbers small on purpose.

All prospective attendees are interviewed to ensure they can benefit from attending and to make sure we selecting the right people to be part of our mastermind network, especially as we hope to facilitate some joint ventures or partnerships with a few of the attendees as we did in the past.

Remember the event is 5 days in the presence of some of the sharpest minds in wealth creation in Australia today including top tax accountant, business experts and solicitors.

It also includes networking with the best mastermind group we can put together in Australia - this will be one of the most important elements of this event. Just imagine the networking possibilities.

Don't count yourself out!

Click here and express your interest and I'll speak with you personally and I'll explain my personal guarantee.

So put me to the test. There is next to no risk on your part - except what you think is missing if you don’t attend!

About Michael Yardney Michael is the founder of Metropole Property Strategists who help their clients grow, protect and pass on their wealth through independent, unbiased property advice and advocacy. He's once again been voted Australia's leading property investment adviser and one of Australia's 50 most influential Thought Leaders. His opinions are regularly featured in the media.