Written by Ben Alexander
When you trade dollars for hours you are working NOW for income NOW.
You are limited to 24 hours per day, so your income is limited as well in this scenario.
If you build a business you will not be paid hourly, and you may not see a profit or payback for weeks or even months…. but IF you design your business the right way it will create income for you far into the future.
As long as your business uses a TEAM you are building FUTURE money that will be generated when you are asleep, out of the country, drunk, or on a date with your spouse.
( Or any of those four combined !)
Of course, if you spend all your time on FUTURE money you may not have enough to pay your bills today, so there has to be a smart balance.
When you are young and broke you need to spend enough time on NOW money to meet your basic needs, but should also spend some time on FUTURE money that will pay off down the line. IF you earn more than you spend you can invest the extra and turn NOW money into FUTURE money.
If you take on debt you are deducting funds from your FUTURE money.
Getting a decent college education is all about FUTURE money, dropping out of high school at 15 years old to work at Taco Bell is all about NOW money.
Poor folks work for NOW money, usually because that is what they have learned from the other poor people they have lived and interacted with over the years.
When I started Balloon Distractions in 2003 I needed to earn at least $300 a week in tips, so I went out to restaurants in Tampa and filled gigs a couple of nights per week. During the day I would sell new clients and train new balloon artists. Within a year the tips became a much smaller percentage of my overall income.
If you spend time to train someone in your business you are creating Future money, if you do the job yourself because “no one can do it better than me” you are working for NOW money.
At Balloon Distractions we’ve designed an online training interface so that our team can learn how to grow the company without my presence. If I go into a coma today my company has the systems in place so that when I wake up in 2020 it will be larger by a magnitude of 4 or 5.
At this point in my life all my expenses are covered and I spend almost 99% of my work time on building FUTURE money.
Mainly this involves working to recruit new Regional Partners in order to place Balloon Distractions crews in every city in North America with over 100,000 people.
277 cities in the USA meet this criteria…. and we only do business in less than 35 of those.
Even taking time to write this essay may result in FUTURE money because someone online might read it, get interested in my business, and decide to join my team, you never know!
My personal goal is to be worth $10 million by my 50th birthday….. and I’ll only reach that by focusing like a laser beam on FUTURE money.
Even if I don’t get to 10, I might get to 6 or 7 million, and that would not be too bad.
Which type of money are you focusing on today, this week, right now?