How Earning Big Bucks Doesn't Mean You are Rich!
If I were to make you an Offer A of a pay $10,000 per month, but in exchange for it you would have to work 7 days a week, 16 hours a day, would you take up the offer? In comparison, if I were make you another Offer B which pays $4,000 per month but you would only have to work a 5 day week, 8 hour day, which offer would you choose? If your definition of success is to make lots of money, offer A would be the obvious choice. However, are you really better off with Offer A?Doing a simple computation gives me this result:
Hourly rate for A = $10000 / 31 days / 16 hours = $20.16 per hour
Hourly rate for B = $4000 / 24 days /8 hours = $20.83 per hour
On a hourly rate comparison, you will actually be slightly better off taking Offer B rather than Offer A.
Success cannot be solely defined in absolute dollars term! The quality of life ie. work life balance is also just as important as the amount of money in describing success. You do not want to skip through life solely doing just work and more work, missing out in the process intangibles such as spending quality time with family, friends or loved ones, indulging in your favorite hobbies etc. These intangibles are what matter the most 30 to 40 years down the road when you are old, not the monetary wealth that you have amassed!
Here"s a new phrase that you can add to your vocabulary: Time Poverty. A quick definition of time poverty is not having the time to do what you want. You can be rich in monetary terms but poor in reality because you do not have the time to spend nor enjoy this money with your loved ones. To be truly successful, you have to be both cash rich and time rich, having just either one is not enough. Are you on the right path to success?