I was getting my haircut on Friday and the subject of successful people came up. My guy cuts the hair for a number of financially successfully people and spouses around the area. We both concurred that the common denominator with all these financially successful people was the amount of time they put into their work. There was a certain level of intelligence, talent and good fortune that might be involved, but if the people involved weren’t putting in 60 or more hours a week they weren’t making it to the top.
Because time is the one resource you can’t purchase more of, you have to allocate it appropriately. What you take into account appropriate in your situation is your decision. I’ll tell you that how I spend my time now is very different than how I spent it thirty years ago. My decision.
I’ve found it to be true that if you want to know what someone truly values watch were they spend their time. So, the question to you dear boomer is how much time do you want to spend on a business at your age?
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