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Episode 845: Focus versus Diversification

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Join us today for an episode about the need to know when to focus and when to diversify...

Today's episode is focused on why focus and diversification are key concepts...

In today’s episode about investing in others through stewarding your treasures, I talk with you about why you need to understand the difference between focus and diversification.  I share how these concepts don’t apply to the same things in your financial life.  I also talk with you about why we often misuse these in our financial life.

Join in on the Chat below.

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Episode 845 Focus versus Diversification
[00:00:00] Scott Maderer: [00:00:00] Thanks for joining me on episode 845 of the inspired stewardship podcast.
[00:00:08] Jared Williams: [00:00:08] I'm Jared Williams with biblical wealth solutions. I challenge you to invest in yourself and invest in others. Develop your influence and impact the world by using your time, your talent and your treasures to live out your calling, having the ability to invest without compromising your Christian values is key.
[00:00:24] And one way to be inspired to do that is to listen to this. The inspired stewardship podcast with my friend, Scott Maderer.
[00:00:33] Scott Maderer: [00:00:33] being done, what we need to get done as quickly and as efficiently and as effectively as possible. See, you can begin to think about which is the more powerful tool to use right now. What are the goals that I'm after and out of that begin to use the ideas. Of focus and diversification more powerfully.
[00:00:57] Welcome. And thank you for joining us on the [00:01:00] inspired stewardship podcast. If you truly desire to become the person who God wants you to be, then you must learn to use your time, your talent and your treasures for your true calling in the inspired stewardship podcast, you will learn to invest in yourself, invest in others and develop your influence so that you.
[00:01:21] Can impact the work
[00:01:23]and today's episode about investing in others through stewarding your treasures. I talk with you about why you need to understand the difference between focus. And diversification. I share how these concepts don't apply to the same things when it comes to your financial life. And I also talk with you about why we often miss use these ideas in our financial life.
[00:01:47] As we talk about stewarding your treasures, wouldn't it be great. If you could support this podcast and do it without costing yourself an extra dime. It turns out you can't. All you have to do is use [00:02:00] inspired stewardship.com/amazon. When you're ready to make a purchase via Amazon and a small commission will come back to support the show.
[00:02:09] If you enjoy the show, when you're ready to buy from Amazon, just use inspired stewardship.com/amazon. When it comes sure our life and our money, we really need to understand the concepts of focus and diversification. Yeah, you've probably heard those words. And you may even have thought about them in terms of investing in money, especially diversification simply put just means spreading something around or spreading it out.
[00:02:38] Diversify means to spread out, to put in different places. And when you think about it, focus is the opposite focus is when you zero things in. On something when you point towards a narrow result. And when it comes to our time, when it comes to our money, when it comes to our [00:03:00] attention, the way we use these two concepts becomes important.
[00:03:05] If you think about time for a minute, we often will try to diversify what we're doing in a particular point in time. In other words, we'll multitask. And yet study after study shows that's not a very effective or efficient way of getting a lot done. You actually get more done when you do one thing at a time.
[00:03:24] And the same thing could happen to our money. If for instance, you have some basic money goals. When you're first starting out, maybe it's getting a certain amount in savings. Maybe it's paying off a certain amount of debt. Maybe it's going to school. There could be a lot of power in focusing all of your attention on that singular goal.
[00:03:45] On the other hand, there are times when diversification spreading things out. Becomes the most powerful way of getting a lot done again. When it comes to time, are you [00:04:00] finding ways to take the work that you're doing and spread it across to other people? Are you bringing people into your team or are you working to grow and scale what you do with time by having that ability to do that dump delegate?
[00:04:18] Or do mindset where you figure out what are the things you really need to be doing. And then those are the things you focus on. So the diversification here is putting things out into other people's tasks. The same thing happens with money. So you can diversify your money. Also through the same sort of idea.
[00:04:38] This could be investing in multiple types of funds. That's an investment diversification strategy that can have value and power, or it could be diversification in terms of looking at your income stream, how are you making multiple streams of income? It could be diversification in terms of different [00:05:00] kinds of income types.
[00:05:03] So there's all sorts of ways you could diversify when it comes to your money. Now, let me be really clear. I'm not saying, or recommending a particular schema or a particular technique. I'm talking about the ideas here. See the truth is that oftentimes what we end up doing is we diversify which we should be focusing and we focus when we should be diversifying.
[00:05:28] See what you want. Security. When you want safety, when you want to be able to provide multiple avenues of something happening. Then it's valid and powerful to diversify, to spread out on the other hand, when you really want to get a lot done in a short amount of time, when you want to zero in on a major set of goals, then all of a sudden you get great power through focus.
[00:05:55] So the trick is paying attention to what am I [00:06:00] after here? What are my goals when it comes to this thing? Are we looking for safety? Are we looking for security? Are we looking for multiple avenues of something happening? Then let's look for ways to diversify this. Don't put all of our eggs in one basket.
[00:06:16] On the other hand, is this something. That is really important. Something that we really need to make sure happens, something that we need to put all of our energy into making it happen as quick, quickly as efficiently and as effectively as humanly possible. Then let's put some focus into this and really focus in on getting done what we needed to get done as quickly and as efficiently and as effectively as possible.
[00:06:49] See, you can begin to think about, which is the more powerful tool to use right now. What are the goals that I'm after and out of that begin to use [00:07:00] the ideas of focus and diversification more powerfully. But instead, what we often do is we just go through life. We just let our money go where it is.
[00:07:10] Again, we're back to what we talked about yesterday. We tend to do things reactively instead of proactively. We don't tend to think about it ahead of time. We may do diversification when it comes to investing, but not pay attention to diversification. When it comes to our income, we may do diversification when it comes to our skills, but not pay attention to how focusing on one particular school skill or ability or idea could get us further, faster.
[00:07:40] See, all of these things are related because it's an underlying concept that we're talking about here. It's really not just the idea of doing one thing instead. It's the idea of figuring out, which is the more powerful way right [00:08:00] now, is it diversification or is it focus and then executing that to the best of our ability?
[00:08:09] Thanks for listening.
[00:08:11]Thanks so much for listening to the inspired stewardship podcast as a subscriber and listener, we challenge you to not just sit back and passively listen, but act on what you've heard and find a way to live your calling. If you liked this episode on the stewardship of treasures, you can sign up for our treasures tips by going to inspired stewardship.com/treasures or text in the us four four, two, two, two treasures tips.
[00:08:49] And we'll send you five weeks of our best tips on stewarding your treasures until next time. Invest your time. Your talent and your treasures [00:09:00] develop your influence and impact the world. .

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In today's episode, I talk with you about:

  • Why you need to understand the difference between focus and diversification... 
  • How these concepts don’t apply to the same things in your financial life...
  • Why we often misuse these in our financial life...
  • and more.....

We are what we repeatedly do. Excellence, then, is not an act but a habit. - Will Durant

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Some of the Resources recommended in this episode:

I make a commission for purchases made through the following link.

Let Me Know What you Think Below....

Episode 840: Security of Your Career?

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Join us today for an episode about the reason your security isn't where you think it is...

Today's episode is focused on why the mindset you need around your security isn't about your job...

In today’s episode about investing in yourself through stewarding your treasures, I talk with you about why all too often we think of employment as security.  I share why paychecks, career, and jobs are never security. I also share why we often get trapped into believing that is security.

Join in on the Chat below.

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Episode 840 Security of Your Career
[00:00:00] Scott Maderer: [00:00:00] Thanks for joining me on episode 840 of the inspired stewardship podcast.
[00:00:08] Aaron Walker: [00:00:08] Hi, my name is AaronWalker, I'm president and founder of the mastermind playbook. Masterminds are a great way to intentionally grow yourself and invest in others. And one way to be inspired to serve others well is to listen to this, the inspired stewardship podcast with my good friend, Scott Maderer.
[00:00:28]Scott Maderer: [00:00:28] or at any time you can break that loop. It's a cycle, it's a loop. So you can begin on either end. You can either begin by working on yourself or you can begin working on your relationships. And in either case, as you begin to Uplevel yourself and you begin to Uplevel. Your relationships, you begin to change your attitude.
[00:00:51] Welcome. And thank you for joining us on the inspired stewardship podcasts. If you truly desire to become the person who God wants you to [00:01:00] be. Then you must learn to use your time, your talent and your treasures for your true calling and the inspired stewardship podcast who will learn to invest in yourself, invest in others and develop your influence so that you can impact the world.
[00:01:17]And today's episode about investing in yourself through stewarding your treasures. I talk with you about why all too often, we think of employment as security I share why Paychex career and jobs are never security. And I also share why we often get trapped in to believing that this is security. Instead, as we talk about stewarding your treasures.
[00:01:40] Wouldn't it be great. If you could support this podcast and do it without costing yourself an extra dime, it turns out you can't. All you have to do is use inspired stewardship.com/amazon. When you're ready to make a purchase via Amazon and a small commission, we'll come back to support the show. [00:02:00] If you enjoy the show, when you're ready to buy from Amazon, just use inspired stewardship.com/amazon.
[00:02:07] Yesterday. I talked about how we often think of our salary, our employment, our job, our career as security, especially if we work for someone else, I've seen it happen in self-employed people too, but not nearly as often, but we think of employment and income as security. When in reality, that's not what our security lies in.
[00:02:36]I've seen people that say, I've got a great job. I work for the state government or the federal government. So it's very secure. It's very unlikely that I'm ever going to lose that job or lose that income. And then a government furlough happens and they go six months without pay. I've seen people who are working for a company or a [00:03:00] corporation, and they say, again, I've got a, I'm a senior position I'm very secure.
[00:03:04] And then that company gets bought out and they are, there's a merger and their position is done away with. So it's not even a matter of your position or where you are at. It's a mindset thing of thinking about employment, thinking about your career, thinking about your income, thinking about these things twofold, one that they're always going to be there.
[00:03:30] And to that is where your security comes from. The truth is your paycheck, your career, your job. None of these things are ever security because all of them are temporary. All of them could go away at any time. My old joke is when you work for a company, you're self employed with one client, that company.
[00:03:51] And if something happens to that client, you're now self-employed with no clients. And any self-employed person will tell you that there is a certain amount of [00:04:00] security that comes from having a diverse set of clients or diverse income streams. Even if you're employed by someone else, you should be able to find multiple ways of generating income so that if one of them goes away, you're not starting from ground zero.
[00:04:19] We often think of it and get trapped into believing that's where our security lies because every Friday or every other Friday, or once a month, whatever it is, the income fairy shows up and you magically get a check in the mail or you magically get a deposit into your. Accounts, but the truth is that income doesn't actually come from nowhere.
[00:04:45] It was generated somewhere. And what generated it is activity and effort and energy and work somehow or another. There was an idea. There was a service, there was a product. [00:05:00] Something that was purchased by someone else. And that means that there's work to be done to generate that. And when you forget about that, when you stop focusing on the underlying work, then you stop striving to grow yourself.
[00:05:16] You stop developing you, stop looking for opportunities. You stop striving. We talked about this a little bit yesterday, but I wanted to touch on it again today. We're theming this week on growing yourself because the truth is your security comes from two things, your relationships, and I would include in that your relationship with God, as well as with others.
[00:05:42] And yourself not in an arrogant way. This isn't an, it all depends on me kind of thing. That's why I put relationships first, but there is a degree to which your effort and your mindset and your beliefs. That's what really [00:06:00] creates those opportunities. You have to surround yourself with other people.
[00:06:06] Positive people that will lift you up and help you grow. But at the same time, you also have to recognize that your responsible for your own life. So what we were talking about yesterday, there is no one else that is responsible for you outside of the relationships that you build with God and with others.
[00:06:31] It's all dependent upon what's inside of you. And those two things feed together. Because if you have a negative attitude, if you have a bad mindset, then you're not going to be building good relationships. And if you're not building good relationships, then that's going to damage your mindset and your belief and your ability to grow yourself.
[00:06:54] It's a negative feedback loop. But at the same time, or at any time [00:07:00] you can break that loop. It's a cycle, it's a loop. So you can begin on either end. You can either begin by working on yourself, or you can begin by working on your relationships. And in either case, as you begin to Uplevel yourself and you begin to Uplevel your relationships, you begin to change your attitude, or you begin to change the people that you surround yourself with.
[00:07:23] What you will find is that now becomes a positive feedback loop. And often the easiest place to start is what's my next smallest action or what's the next tiny physical thing I can do that begins to get me moving in the right direction because the truth is what usually holds us back is the fact that we're overwhelmed.
[00:07:46] We feel like change is too big, too massive and too unknown. But the truth is you can figure anything out you can achieve just about anything that you want. Maybe not exactly the way that [00:08:00] you think, but you can achieve what you need, because if you recognize that where real security comes from is the relationships I build and the attitude and mindset that I develop.
[00:08:17] Thanks for listening.
[00:08:19]Thanks so much for listening to the inspired stewardship podcast, as a subscriber and listener, we challenge you to not just sit back and passively listen, but act on what you've heard and find a way to live your calling. If you like this episode on the stewardship of treasures, you can sign up for our treasures tips by going to.
[00:08:45] Inspired stewardship.com/treasures or text in the U S four four two two two treasures tips. And we'll send you five weeks of our best [00:09:00] tips on stewarding your treasures until next time. Invest your time. Your talent and your treasures develop your influence and impact the world. .

Scroll back to top


In today's episode, I talk with you about:

  • Why all too often we think of employment as security... 
  • Why paychecks, career, and jobs are never security...
  • Why we often get trapped into believing that is security...
  • and more.....

The only job security you have today is your commitment to continuous personal improvement. -  Ken Blanchard

Click to Tweet

Some of the Resources recommended in this episode:

I make a commission for purchases made through the following link.

Let Me Know What you Think Below....

Episode 835: Does Money Bring You Joy?

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Join us today for an episode about the reason money is connected to happiness and joy but not the way you think...

Today's episode is focused on why understanding the difference between joy and happiness is important to realize where your money affects your emotion...

In today’s episode about impacting the world through stewarding your treasures, I talk with you about the connection between money and joy.  I also share why experiences are more rewarding than stuff.  I give you some tips on how to focus on joy rather than happiness with money.

Join in on the Chat below.

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Episode 835 Does Money Bring You Joy
[00:00:00] Scott Maderer: [00:00:00] Thanks for joining me on episode 835 of the inspired stewardship podcast.
[00:00:09] Patrick Annuci: [00:00:09] I'm Patrick from dad hackers, and I challenge you to become the man that you are called and created to be one way to be inspired to do this is to listen to this show. The inspired stewardship podcast with my friend Scott Maderer.
[00:00:25]Scott Maderer: [00:00:25] the way to look at both good times and bads and saying, but I'm going to go in to suck every moment out of this and every moment of joy and put this in my brain and I'm going to remember it because the truth is, think about it. You've had a vacation where things didn't go perfectly, but a year later, when you think back on that vacation, you still think.
[00:00:47] Favorably about the good things that happened on the vacation. Welcome, and thank you for joining us on the inspired stewardship podcasts. If you truly desire to become the person who God [00:01:00] wants you to be, then you must learn to use your time, your talent and your treasures for your true calling in the inspired stewardship podcast.
[00:01:08] We'll learn to invest in yourself. Invest in others and develop your influence so that you can impact the world.
[00:01:17]And today's episode about impacting the world through stewarding your treasures. I talk with you about the connection between money and joy. Also share why experiences are more rewarding than stuff. And I give you some tips on how to focus on joy rather than happiness with money. As we talk about stewarding your treasures.
[00:01:39] Wouldn't it be great. If you could support this podcast and do it without costing yourself an extra dime, it turns out you can. All you have to do is use inspired stewardship.com/amazon. When you're ready to make a purchase via Amazon and a small commission, we'll come back to support the show. If [00:02:00] you enjoy the show, when you're ready to buy from Amazon, just use inspired stewardship.com/amazon.
[00:02:07] You've probably heard the expression money. Can't buy happiness and it's true. And it's not true in a way I've talked before about how there is a link between money and happiness, how as your income increases up to a certain amount, it does have a correlation with our happiness factor. But part of the problem is we don't really understand that what we're looking for.
[00:02:36] A lot of times, isn't happiness. It's joy. Remember, we've talked this week about how happiness is something that depends upon external circumstances and joy is something that comes from inside of you, your relationship and your understanding of yourself, how you are wired, how well you understand that, how content you are with [00:03:00] who you are, whether or not you're growing and these sorts of things.
[00:03:04] So part of the problem happens in that what we do is we use money to find happiness thinking that will bring us joy, but the truth is they're not directly connected. We go out and we buy a new car or we spend money on something that we think is going to be a long lasting happiness. And yet the truth is that we can get used to anything relatively quickly.
[00:03:28] That brings us happiness, that connects to us in that external way. Once you get your basic human needs met, adding more stuff, does it make you. More happy. You'll going from $20,000 of income to 50,000. Makes a big difference because now you can provide for more basic needs, but going from 50 to a hundred, doesn't make you twice as happy as you were at 50.
[00:03:57] The truth is you think that you'll get [00:04:00] more happiness. You'll get more pleasure through having more. Because of that, we end up chasing more all of the time, but the connection to joy is less about those underlying moments of happiness. And in fact, the stress of constantly pursuing more stuff and comparing yourself to others can Rob you.
[00:04:23] Of joy. It can add to more stress. There's an old joke that if you make a hundred dollars more than your relative or your friend next door, then you consider yourself rich. You find happiness in that and believe it or not, there is a comparison factor that comes in to our happiness and our joy. But as you learn to stop comparing yourself to the person next door, you find more joy.
[00:04:51] Because you stopped trying to compete. You stop trying to buy the newer car. You stop asking the wrong question and you begin to ask the [00:05:00] right question. The truth is the things that can find us joy in our life includes things like having good and deep and stable relationships, both with our family, as well as friends and others.
[00:05:13] It's about having people that you know, that you can call on and having a healthy relationship with them as well. It's about spending money on experiences rather than stuff going out to eat with friends, going on a vacation to Mexico, going on a trip that you have as an experience is a way of connecting, not just to happiness, but making it last longer because the memory of those experiences becomes what you actually.
[00:05:46] Focus on the memory of those experiences continues to bring you happiness long after just buying stuff would have done. Even looking for activities that challenge you, that force [00:06:00] you to grow that make you do more than you think you can do that. Push you beyond your limit. Often bring you joy in a way that just doing the bare minimum does not.
[00:06:13] Because the truth is it's not just about stuff. It's about things like friends and family and experience. What's more, it's also about giving. One of the reasons that I push people to develop a habit of giving is because it truly is better to give than receive when it comes to your joy and your happiness and finding ways to spend your energy.
[00:06:38] On the experiences that connect you in a deeper way, ends up creating a lot more reward in your life, over the long-term. But unfortunately in our culture, how we're sold to everything that comes about is we're told to spend your money on those. Consumer [00:07:00] items to buy the faster car, the nicer car, the neater car, or worse yet to lease it so that you can appear like you're better off than you really are to spend money that you don't even have to impress people that you don't even like.
[00:07:15] And the funny thing is if you'd spend more time finding and hanging out with the people that you do, like you'd actually find more joy and happiness, even if you're driving that old beater. Because the real secret is to recognize that no money can buy you temporary happiness, but it can't buy you. The permanence of joy in less, you spend that money in a way that aligns with your values, that aligns with your bigger goals, that finds ways to concentrate on not only creating experiences, but taking the experience and the memory from everything and wiring you that into yourself, finding the way to look at [00:08:00] both good times and bads and saying, but I'm going to.
[00:08:03] Going to suck every moment out of this and every moment of joy and put this in my brain and I'm going to remember it because the truth is, think about it. You've had a vacation where things didn't go perfectly, but a year later, when you think back on that vacation, you still think favorably about the good things that happened on the vacation and begin to gloss over and ignore the bad.
[00:08:28] But when you buy that new car, And three weeks, six weeks a year later, it's in the shop or there's now a stain on the front seat or other things have gone wrong. That stops bringing you joy very quickly. That's why the way we have our relationships and our experiences becomes the more important way to focus our money.
[00:08:50] If we really want to create joy instead of just momentary happiness in our life. Thanks for listening.
[00:08:59][00:09:00] thanks so much for listening to the inspired stewardship podcast as a subscriber and listener, we challenge you to not just sit back and passively listen, but act on what you've heard and find a way to live your calling. If you liked this episode on the stewardship of treasures. You can sign up for our treasures tips by going to inspired stewardship.com/treasures or text in the U S four four two two two treasures tips.
[00:09:36] And we'll send you five weeks of our best tips on stewarding your treasures until next time. Invest your time. Your talent and your treasures develop your influence and impact the world. .

Scroll back to top


In today's episode, I talk with you about:

  • The connection between money and joy... 
  • Why experiences are more rewarding than stuff...
  • Some tips on how to focus on joy rather than happiness with money...
  • and more.....

Find ecstasy in life: the mere sense of living is joy enough. - Emily Dickinson

Click to Tweet

Some of the Resources recommended in this episode:

I make a commission for purchases made through the following link.

Let Me Know What you Think Below....

Episode 830: The Paradox of Money

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Join us today for an episode about the reason money and time are connected...

Today's episode is focused on finding how you can make more and not feel it...

In today’s episode about developing your influence through stewarding your treasures, I talk with you about how making more money often doesn’t let you feel like you earn more.  I share how many people don’t see what making more can do for them.  I also share why this really matters to your balance of time and money.

Join in on the Chat below.

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Episode 830 The Paradox of Money
[00:00:00] Scott Maderer: [00:00:00] Thanks for joining me on episode 830 of the inspired stewardship podcast.
[00:00:08] Joe Schum: [00:00:08] I'm Joe Schumfrom soul
[00:00:09] patch, hippo success coaching. I want to serve your journey to be the next version of you to be inspired, to become the most authentic. You listen to this, the inspired stewardship podcast by my friend, Scott Maderer
[00:00:22] Scott Maderer: [00:00:22] every day can help you keep the focus that you need.
[00:00:26]see it lets you balance your time, your focus, your money and your energy. When you step back and look at it from a bigger perspective, when you step back and look at it from the point of view of what am I really doing here? What is the most important thing for me to doing? What should I be doing next?
[00:00:48] Welcome
[00:00:49] and thank you for joining us on the inspired stewardship podcasts. If
[00:00:53] you truly desire to become the person who God wants you to be, then you must learn to use your time,
[00:00:59] your [00:01:00] talent and your treasures for your true calling and the inspired stewardship podcast. We'll learn to invest in yourself, invest in others and develop your influence.
[00:01:11] So that you
[00:01:12] can impact
[00:01:13] the world.
[00:01:14]And today's
[00:01:15] episode about developing your influence through stewarding your
[00:01:18] treasures. I talk with you about how making more money often. Doesn't
[00:01:22] let you feel like you
[00:01:24] earn more. I share how many people don't see what making more can actually do for them. And I also share why this really matters. To balance your time and your money and your energy.
[00:01:37] As we talk about
[00:01:38] stewarding your treasures, wouldn't it be great. If you could support this podcast and do it without costing yourself an extra dime. It turns out you can.
[00:01:47] All you have to do is
[00:01:49] use inspired stewardship.com/amazon. When you're ready
[00:01:54] to make a purchase via Amazon and a small commission,
[00:01:57] we'll come back to support the show.
[00:01:59] If you [00:02:00] enjoy the show, when you're ready
[00:02:01] to buy from Amazon, just use inspired
[00:02:03] stewardship.com/amazon.
[00:02:07] What are those weird things that can happen
[00:02:09] as your income goes
[00:02:11] up, as you make more money is you often will feel more strapped or poor than you were before. You'll feel like all you have is money, but you're not actually able to spend it.
[00:02:26] This can happen a number of different ways for one thing, as you make more, you're probably working more, not necessarily. In clock hours though, oftentimes with overtime and other techniques like that, it does end up actually being time on the clock, but it also can just be an effort and energy. You're spending more effort and energy to make that money.
[00:02:50] And because of that, Oftentimes, we begin to feel like all we're doing is running faster and not really seeing any benefit from [00:03:00] it. What's more because as you make more money, oftentimes your lifestyle goes up. You hang out with. Different people. And you're driven by that comparison and by that action to do other things.
[00:03:12] And as you do them, you spend more. And so even though you're making more, you may actually continue to overspend to go into debt and to do other things that make you feel like you're constantly catching up. Like you're coming from behind. The truth is making more money. Isn't necessarily a solution to all of your problems.
[00:03:35] Instead, oftentimes as you continue to increase in earnings, you find yourself feeling like you're not making more at all. And the truth is a lot of times it's because we have the same mindsets and beliefs that we had when we weren't making a ton of money. If we were constantly working to just spend whatever we made and do a little [00:04:00] better today than tomorrow, we keep trying to do that.
[00:04:03] If we've been. We're struggling with our money and controlling our spending. We continue to do that. If we've been seeing ourselves as somebody who doesn't get what we deserve and does it deserve it, we continue to do that. If we haven't had good skills around setting boundaries and controlling our time and being productive, we continue to do that money actually magnifies both your good and your bad.
[00:04:30] Traits, it makes you more able to be what you already are being it instead of changing you, it makes you more obvious what you really are. And because of that, we often don't step back and see how making more can change. Our choices can give us flexibility and freedom that we didn't have before. See the truth is oftentimes our answer is [00:05:00] always, I'm so busy.
[00:05:01] I do so much. I'm constantly struggling with my time and my energy and my focus because I'm running so busy. And because of that, I don't pay much attention to my money. And I don't pay much attention to my time. And because of that, we don't actually find ways to improve it. A simple example. I know people who are doing exceedingly well financially, but they won't pay to have someone else mow their yard.
[00:05:28] Or get groceries for them or pick up their dry cleaning. They won't outsource certain tasks that they should be able to and are able to outsource and they can afford to do this. They can afford to multiply their time by paying for someone else to do some of these activities. Now, it's one thing if you love mowing your yard, and if that's a very relaxing activity for you, but it's another thing.
[00:05:50] If that's just a drain on your time and energy, you can use that increase in money to actually. By time to do [00:06:00] things that are better for you, either activities that help you make more money or activities that help you actually find ways and time to spend doing things that you enjoy. That's a simple example, but you don't see it.
[00:06:17] If you're constantly struggling to just get by. If you allow yourself to have that limiting belief of how busy you are, and that's the only thing that you can do to continue to make the money that you're making. See it lets you balance your time, your focus, your money and your energy. When you step back and look at it from a bigger perspective, when you step back and look at it from the point of view of what am I really doing here, what is the most important thing for me to doing?
[00:06:50] What should I be doing next so that my activity multiplies and continues to grow over time. What can [00:07:00] I really do to balance my time, my money, my energy, my focus. But the truth is what often happens is as our income comes up, because our time and energy continues to be spent. And because we continue to live out the old habits that we've always had, we don't actually step back and look at what we're doing objectively and think about it in a way that allows us to really grow and continue to do the things that we really want to do and use that money.
[00:07:35] To be more and better than we were before, instead of just using the money to sit there and somehow or another, eventually it will get to do what we really want it to do. Money by itself is meaningless. But what money can help you do? That is powerful. Thanks for listening.
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In today's episode, I talk with you about:

  • How making more money often doesn’t let you feel like you earn more...  
  • How many people don’t see what making more can do for them...
  • Why this really matters to your balance of time and money...
  • and more.....

Time is money says the proverb, but turn it around and you get a precious truth. Money is time. - George Gissing

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