(read Part 1)

Growing up I thought,

“I better pick a job I love, because if I want to make a lot of money I have to work a lot.”

American culture teaches us the value of “bootstrapping” and suggest that “the harder you work the more money you make.”  No offense to anyone who has bootstrapped their business, I have too, but bootstrapping doesn’t always end well and the idea that hard work equals more money is just not true.

It is not even true that if you work a paying job you will make more money than someone who never works.

We are also taught to value money much more than we are taught to value time, we are taught to sacrifice our time to make money. This is backwards.

Jim Rohn explains,

If I had started working sooner, I would have realized that tying time to money is a fool’s errand. I would have learned sooner that if I wanted to make money, I needed to study money.  I would have better understood that the reason to work is to make money that can then be invested in a way that earns more money and frees up time.

Today, after some really rough years, I work remote jobs/gigs that structure pay based on results rather than time. I am lucky to have a few sources of passive income resulting from investments in mutual funds and a rental property. Both of these realities allow me the time to run my own business without needing it to be an instant money making success. Eventually, this business will produce income that is not bound by time or space.

Make your kids work when they don’t need the money, so they can:

  • learn to valuable time,
  • save money,
  • and invest money.

(read Part 3 and Part 4)

Author Bio

Charlie Birch is a Co-Founder and the Director of Program Development at Rebel + Connect a company on a mission to celebrate human connection in the digital age! Rebel + Connect offers custom company retreat planning services for remote teams, operates remotely, and services clients from all over the globe. Charlie also dabbles in the sharing economy, rental real estate, freelance writing, healing arts, life coaching, diversity and inclusion consulting, and behavioral modification services. Charlie has a  Bachelor’s Degree in psychology from Goucher College and studied at  Naropa University’s Graduate School of Psychology with a focus on Somatic Psychology. You can connect with Charlie on LinkedIn, Facebook, Twitter, and Instagram.