{"id":99763,"date":"2018-06-08T14:30:25","date_gmt":"2018-06-08T20:30:25","guid":{"rendered":"https:\/\/www.biggerpockets.com\/renewsblog\/?p=99763"},"modified":"2021-03-16T13:56:39","modified_gmt":"2021-03-16T19:56:39","slug":"view-time-like-a-billionaire","status":"publish","type":"post","link":"https:\/\/www.biggerpockets.com\/blog\/view-time-like-a-billionaire","title":{"rendered":"How to View Your Time Like a Billionaire\u2014And Start Living Your Ideal Life Now"},"content":{"rendered":"<p>Every day we all go to work. Nine to five (if we\u2019re lucky), and if it\u2019s our own business, it\u2019s usually something like 8:00 a.m. to 6:30 p.m.\u2014and we still might be thinking of it even past dinner. At least I do. But I\u2019ve come to notice that with all of this work, it can be easy to get bogged down or worse, allow it to eat away at the most valuable resource we have: <em>time.<\/em><\/p>\n<p>I\u2019d like to share some strategies I\u2019ve learned recently from some friends and experts much smarter than me who manage both their business and their time effectively, so that hopefully you too can create the business you envision and the lifestyle you desire.<\/p>\n<h2>How Do Billionaires View Their Time?<\/h2>\n<p>Recently, I was fortunate enough to attend the Midwest Real Estate Networking Summit in Chicago, and although there weren\u2019t any billionaires in attendance (as far as I know), there was someone who was the next best thing: J. Martin. J. is one of the few people I know who gives <i>time<\/i> the value it deserves. As a self-proclaimed \u201clifestyle investor,\u201d J. has built an impressive real estate business that he continues to run while traveling and leading an adventure-filled life, mostly abroad.<\/p>\n<p>At the Summit, J. started his presentation off with a great question, \u201cWhat would you do if you were a billionaire?\u201d The general consensus was about the same; the majority of the audience answered one of three ways:<\/p>\n<ul>\n<li>\u201cI would travel more.\u201d<\/li>\n<li>\u201cI would focus on my passion.\u201d<\/li>\n<li>\u201cI would give to charity.\u201d<\/li>\n<\/ul>\n<p>Well, throughout his presentation, J. explained how he actually does all three of those things today\u2014and he\u2019s not a billionaire. But how does he do it? To put it simply, he has learned that to live the life of someone with essentially infinite money, one has to value their time as much as their capital or income.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-96293\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/massive-success.jpg\" alt=\"\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/massive-success.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/01\/massive-success-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<p><em><strong>Related:<\/strong> <a href=\"https:\/\/www.biggerpockets.com\/blog\/2016\/06\/26\/time-worth\/\" target=\"_blank\">How Much is Your Time Worth? Here\u2019s How to Calculate it (&amp; Up Your Value!)<\/a><\/em><\/p>\n<p>Now, of course, that concept is nothing new. In fact, I\u2019m sure we\u2019ve heard that or something similar to it before. But J. puts it into perspective when he asks the audience concrete and actionable questions like: \u201cWhat is your time budget?\u201d and \u201cDo you pay yourself <i>time<\/i> first?\u201d When we think of most billionaires, we don\u2019t picture them running around town chasing errands all day. They invest in people and systems that free up their time so they can work on what matters to them most. And we all can do the same thing. I know because J. proved it! But how exactly do we begin to free up our time and grow our businesses at the same time?<\/p>\n<h2>Find Your Weak Spots, Ask Better Questions &amp; Leverage Your Network<\/h2>\n<p>You won\u2019t know what to fix in your business or life unless you discover yourself, what stage of your life you\u2019re in, and what stage your business is in. My eyes were opened to this idea about six months ago when my business coach, Lewis Schiff, author of <i>Business Brilliant<\/i>, was working with me and my CEO colleagues at our last \u201cbirthing of giants\u201d meeting, where he had me dissect my business to gain clarity and focus.<\/p>\n<p>To do this is a bit like hunting, and what you\u2019re hunting for are the areas in your business that will give you the most <i>leverage<\/i>. With the help of our coaches, we answered a series of questions about how our business operates and our struggles within the operation before making a \u201cleverage statement.\u201d The idea being, once you know what holds you back, you can then use leverage and bring in the resources you need to have the most impact.<\/p>\n<p>The point of this exercise is to find focus and leverage your network for help. For those of you reading this, chances are there is someone on this site right now that is facing the same problem as you and would benefit from mutual accountability.<\/p>\n<p>Funnily enough, about a month ago, I attended a conference with a few successful speakers in the lineup (people like <a href=\"https:\/\/www.biggerpockets.com\/blog\/biggerpockets-podcast-264-gary-vanyerchuk-finding-deals-social-media-crushing-entrepreneur\/\" target=\"_blank\">Gary Vaynerchuk<\/a>, John Maxwell, and Tony Robbins) where I experienced something similar. All of the speakers of course had interesting insight, but it was Robbins who asked the audience three questions that reiterated this same philosophy as J. and my business coach:<\/p>\n<ol>\n<li style=\"list-style-type: none;\">\n<ol>\n<li><em><b>What&#8217;s an extraordinary life for you?<\/b><\/em> Hopefully this is something that could happen in the next six to 12 months.<\/li>\n<li><em><b>What&#8217;s prevented this from happening already?<\/b><\/em> What I believe he&#8217;s getting at here is that limiting beliefs are holding us back.<\/li>\n<li><b><em>What needs to change now?<\/em><\/b> It all comes back to taking action.<\/li>\n<\/ol>\n<\/li>\n<\/ol>\n<p>Are you starting to see a pattern here? Almost all of the most successful people are doing this in some capacity. And all it really requires is focus and taking a step back to look at your business and your life and how they operate.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-94496\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/04\/millennial-wealth.jpg\" alt=\"millennial-wealth\" width=\"702\" height=\"336\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/04\/millennial-wealth.jpg 702w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2017\/04\/millennial-wealth-300x144.jpg 300w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/p>\n<h2>Now Visualize Your Ideal Life<\/h2>\n<p>The reason I love these types of questions is because they provide motivation. In my case, I knew I wanted my note business to run more independently but being able to see what my life looks like when I accomplish this fuels my fire to get it done.<br \/>\n<em><br \/>\n<strong>Related:<\/strong> <a href=\"https:\/\/www.biggerpockets.com\/blog\/crafting-lifestyle-real-estate-business\/\" target=\"_blank\">Investing NOW So You Can Have the Lifestyle You Want LATER? You\u2019re Doing it Wrong.<\/a><\/em><\/p>\n<p>In my ideal life, I\u2019d travel more, or live out of state for a portion of the year (winters in Philadelphia can get cold!), and if I really look at what&#8217;s preventing this, it\u2019s that I need to bring in a few more people to fill the right seats. This would also benefit the company as I could build in redundancy and at the same time bring in some more subject matter experts.<\/p>\n<div><em>Do you want to invest but don&#8217;t want to deal with tenants, toilets, and termites? Do you want to make a long-lasting passive income stream\u2014from paper?\u00a0If you answered YES to any of these questions, this book is for you! <a href=\"https:\/\/www.biggerpockets.com\/store\/real-estate-note-investing-ultimate\" target=\"_blank\">Order today!<\/a><\/em><\/div>\n<div><a href=\"https:\/\/www.biggerpockets.com\/store\/real-estate-note-investing-ultimate\" target=\"_blank\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-large wp-image-97311\" src=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/Blog-1024x278.jpg\" alt=\"\" width=\"702\" height=\"191\" title=\"\" srcset=\"https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/Blog-1024x278.jpg 1024w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/Blog-300x81.jpg 300w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/Blog-768x208.jpg 768w, https:\/\/www.biggerpockets.com\/blog\/wp-content\/uploads\/2018\/03\/Blog.jpg 1400w\" sizes=\"auto, (max-width: 702px) 100vw, 702px\" \/><\/a><\/div>\n<div><em>So, now the real question is what can you leverage to start living an extraordinary life? Is it leveraging people, like I am? Or is it something else, like capital, time, or technology? What resources do you need to accelerate the growth of your real estate investing or business?<\/em><\/div>\n<div><\/div>\n<div><strong>Weigh in below!<\/strong><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Why wait? Here&#8217;s how to live the life of someone with essentially infinite money by learning to value your time as much as your capital or income.<\/p>\n","protected":false},"author":807,"featured_media":72905,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4241],"tags":[],"class_list":["post-99763","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate-business-management"],"acf":[],"comment_count":0,"_links":{"self":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/99763","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/users\/807"}],"replies":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/comments?post=99763"}],"version-history":[{"count":0,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/posts\/99763\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media\/72905"}],"wp:attachment":[{"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/media?parent=99763"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/categories?post=99763"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.biggerpockets.com\/blog\/wp-json\/wp\/v2\/tags?post=99763"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}