More Income Or More Free Time?

[Retired To Win]

At what point would you choose more free time over more money?

That is the question I begin to personally explore in my blog article <a href=http://retired-to-win.savingadvice.com/2014/07/08/enough-money-from-enough-time_123217/>Enough Money From Enough Time.</a> I reason in the article that "maximizing my investment income is not necessary" and that it therefore makes sense for me to limit the work I put into investing in favor of having more free time.

How I end up concluding that is detailed in the <a href=http://retired-to-win.savingadvice.com/2014/07/08/enough-money-from-enough-time_123217/>article.</a>

Would you conclude the same? Would you knowingly opt out of increased income in order to increase your leisure time?

[disneysteve]

I think there needs to be a balance. Of course, I need to have enough money to cover all necessities and a reasonable amount of wants - travel, dining, etc. At this point in my life, I think I've got that balance. I could easily earn more money but it would require working more hours and I'm not willing to do that.

What sometimes baffles me is the folks who are struggling to get by but aren't willing to work more hours to make more money. Leisure time is great - if you can afford it. If not, get to work.

[riverwed070707]

Suppose my answer is yes becuase I'm working toward that goal right now. Hoping to move from FT employee to contract worker for a substantial pay cut and loss of benefits in the next 6 weeks.

[surijohn92]

There is no more of this or more of that is what i think. If we can balance out the time to relax and time working we can even get into investing the hard earned money into something. This investment may not be related to work but can be something that you are interested and can help you earn some extra money. It may be anything between knitting to stock market.!!

[Fishindude77]

I think you need to bust your butt while you are younger 20's, 30's & 40's. This is when you have the most energy and should be building your business, paying things off and / or setting yourself up for some leisure time in your 50's and older.

[SandraGenJobs]

I'll try to be as concise as I can be on this one. I would choose free time over earning money the same moment I realize that I'm starting to burn out. If there's no more satisfaction with doing the job you used to love then what's the point of doing it?

[electric_mikey]

personally i'm only trying to make it big for my kids.
even if i have to work till my grave, i want them to have all the chances i never had.
especially if they ever make it so big that they could influence the world, i would be happy to gaze down from heaven or where ever it is that we go when we die, if there even is a place..

[goldenfinancialservices]

More $$, Less Work - for business owners or personal finance

Hi guys,

I believe in working hard, but smart, and making more money doesn't necessarily mean you have to work harder. If you own a business;

- You have to find others to do certain tasks. Outsource through places like Odesk or Elance, and hire people from overseas to help you for much less money. You can also hire a team to work at home, instead of at an office. However if you have agents working from home, you need an advanced phone system and crm that let's you listen in to calls and basically see or hear whats going on at all times. I prefer BlueRock1 and DebtPayPro combined together.
- Put more attention into marketing online, where you get more leads and your sales reps make more money. So many business owners focus very little on online marketing, big mistake! Organic traffic/leads are free advertising besides for the cost of creating and promoting the content, which you can probably do most of on your own.

If you don't own your own business there are also easy ways to make money.
- For example, my company pays for referrals. If you refer a person to us that has debt, and they sign up for one of our programs, you get paid. This is not a sales post or a tactic to get referrals, I am just making a point. You can go to any real estate or debt company, or business loan company, and work out a deal where they pay you for referrals.
- We can all cut expenses. Have you recently made a budget? If not, make a budget. Find money from cutting or lower expenses, and put the extra money right into an IRA that pays more than 10% compound interest. I recommend using an investment firm like Vanguard.
- On that last point, make money on interest, don't pay credit card companies interest. How do you avoid this? Simply pay your credit card bills off in full every single month, now you are paying no interest.
- Or if you have lots of credit card debt, go to your bank and apply for a low interest consolidation loan. Avoid getting loans at places like Lending Club, or financial company loan venues where they charge high fees and interest, use a credit union bank preferably.

Thank you,
Paul Paquin
President at Golden Financial Services