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Colin Campbell
by Colin Campbell on 07/02/22 18:00

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I have a gift for you, £240,000, it’s yours.

You’ll have to pay 33% of that in tax (£80,000).

You might want to spend a little bit more of that on your health in terms of some downtime, some health insurance and some procedures to make things better and prevent things getting worse, let’s say £10,000.

You might want to spend some on work that’s important in aspects of your life for example work on your house or car or various other things over time that will need to be done, let’s say £20,000.

You might want to spend some of it on fun because remember you’re never getting this again, so let’s say you spend another £20,000 and time on things that you really want to do for yourself.

And another £20,000 on things you want to spend with your friends and family.

Let’s say you want to spend some of it investing in yourself perhaps on a course to get better at something or joining a club or something like that, maybe £10,000.

Omg we’re running out of money.

I’m sure you get the metaphor based on the numbers, it’s not £240,000 it’s 24 hours.

The income tax is sleep and the health payment is all the downtime and rest and recuperation and regeneration. The time with friends is self-explanatory as is the time with family, as is the time on improvement, as is the time on work.

Consider this though…

If I gave you the £240,000 and then also gave you a device which gave me the opportunity to ask you for money at any opportunity and every time you clicked on my question to ask you for money, I was able to receive money, would you take the device?

If you gave me access to your bank account and let me take money from your bank account whenever I wanted for no benefit to you, would you sanction that?

If I came up to you in the street and said, “please give me your money because I want it”, would you give me it?

Why is it so easy to take your time yet so difficult to take your money?

At best that should be the other way round, at worst that should be the other way round, at best it should be impossible to do both.

It’s hard to believe how much time we give away and how easily we give it away when in the end we would spend all of our money for a little bit more time.  

 

Blog Post Number - 2988

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Colin Campbell
Written by Colin Campbell
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