dOn'T SeLL YoUr TimE fOr mOnEy!!
1,107,503
Published 2022-11-15
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How many times have you heard some variation of this phrase âdonât sell your time for moneyâ. This is a finance bro way of saying donât make money exclusively from a source where you get paid X amount of dollars for Y amount of work which is basically every job. There are various reasons given for why selling your time for money is a bad idea like you only have so many hours a day you can work, so
trading your time for money limits your potential income
trading your time for money also makes you more financially vulnerable if you are unable to work
and its really hard to sell a course on trading your time for money unless youâre a college
although maybe they donât say that last one out loud.
The alternative to trading your time for money is usually investing, starting a business, living a wildly alternative lifestyle or some combination of all three of these things.
But I am here to tell you that while this very broad phrase might have some merit in specific situations, itâs pretty much complete bullshit and you really shouldnât take anybody who says it too seriously.
At best the phrase âdonât sell your time for moneyâ is just another example of hustle bros needlessly bashing on regular day jobs that provide stable living to a majority of Americans. It also perpetuates the idea that simply working a full-time job is not good enough, and that a side hustle or whole extra business is mandatory to get ahead these days.
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#business #investing #passiveincome
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
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All Comments (21)
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I was planning to rob a bank but that's not passive income so I invested in Wells Fargo since they're robbing customers already
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Never forget for every college dropout that made billions there are thousands of dropouts that never made it
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â⊠then I have truly failed to teach you how money works.â He said it! He said the thing!
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Beware of advice from rich people. They don't like competition.
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How money works: the boring stuff like... Me an accountant: please don't say accounting How money works: ... Accounting
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Some of my most deepest depressions came from me believing this bullshit from influencers. Thank you for speaking about this. People feel like shit because they have no passive income, while the truth is mostly what was stated here.
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Kind of as a side note, "build skills doing a job, then start your own business using them" is such a simple concept yet the finance bros' kids buy into the bs and will rather try dropshipping for 5 months while making 4 dollars a week then get a marketing job
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If everybody lives off passive income then who is making all the food/power/anything else?
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The 1% of rich people think of how to invest their money to increase their wealth during the recession. While 99% of struggling hard-luck people think of how to survive without food and daily necessities in the recession and the coming hyperinflation
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Love all these people who think you can start a business in any industry or trade and have other people running it for you in a year.
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The only time I think I think I could agree with a blanket statement of "Don't trade your time for money" would be if you spend so much time working, you're missing out on enjoying the people around you and missing special events. Or just not getting a break from work at all and enjoying life.
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Bruh, you can become a millionaire in a few years here in Brazil if you're a software engineer and get hired by a US company that will pay you in dollars. Selling your time in this context is one hell of a good deal.
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This is one of the few finance channels that didn't sell out. Respect to you my brother
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Loved the dentist example. I once knew an orthodontist who wanted me to invest in his property flipping business. Straightening teeth has higher profit margins than selling cocaine or counterfeiting $100 bills but without the legal risk. Why anyone qualified to do this would do anything else was baffling to me. BTW - The financial model for his property flipping scheme was full of holes and he would have lost his shirt doing it. You can make a ton of money flipping houses if you know what you are doing and are ready to put in 80 hour weeks. He fit neither criteria.
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Gig work is a fantastic way of swiftly discovering that you're expendable and now broke too.
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It's interesting how the poor are always seen as lazy and unmotivated and not wanting to work, when rich people come right out and say to the camera that they don't want to work, and everyone treats them like heroes for it.
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8:55 - Thought this was the beginning of an ad read. I've worked as a programmer for 7-8 years now (33) and I fully agree with your assessment. Programming paid a lot more than being a teacher, and I only took Computer Science 101 in Univeristy because I needed the extra credit (it was that or do Math 201 and 202. Tried my best, but failed). Those 3 months were the most cost-effective use of my time ever. I think it's primarily due to the fact that computers are a universally useful problem solving tool for any business, you just need to apply it correctly and clearly communicate the business case for it. Much love from Zimbabwe.
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I'm broke, unhireable and over qualified and I love this. The whole finance bro sphere is always terrible.
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"dOn'T SeLL YoUr TimE fOr mOnEy!!" Well that's a title I can't resist clicking on.
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This is a video I need to bookmark and rewatch again and again. I've always wanted to make passive income, but I've had way more success focusing on my career then trying to get passive income.
