Friday, June 18, 2010

The Four Types of Person

There are Four Types of Person regarding Time and Money Freedom:

1) People with no time and money. They have no time because they must devote themselves to work. And they have no money because they have to pay their bills and expenses everytime they receive their salary, leaving them broke every end of the month. The funny thing about this is that I belong to this group before. I used to be an employee and as a youngster in the corporate world you know the money I earn is not enough so I have to overwork just for my ends meet. Since I'm also assisting my mom's medical expenses.

2) People with time but no money. Because they don't have work, they have lots of free time. And because they don't have work, they don't have money. There's no better example here than the people better known as "tambay". Well, this is very easy to find here in the Philippines. Because you can find them anywhere.


3) People with no time but with money. These people are strict savers, they don't have time like the # 1 person because of work. But they have money because they save too much or because of high compensation. These are people who are at the top of the corporate ladder. They have high income but at the same time, the demands are high too. Since they are being paid higher, so the company requires them to go early and stay later at work. These people are CEOs, Presidents, VPs, Managers, etc..

4) People with time and money. They are called, the wealthy. They have time for their loved ones, and they can do whatever they wish. Because they have passive income, they don't need to work. And its the same reason why they have money, because what they have is multiple streams of passive income.. These people are passive business owners and investors, they belong to the right side of the quadrant.

You can be one of these persons. But you have a choice to change if you don't like your standing. In fact, a lot of people think they are destined to be where they are now. And they never realize that they had choosen to be what they are.

Source: Coach Rhyan M

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