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When I was freelancing a bit over a decade ago I was making more than most people my age I knew at the time. My natural reaction was to try scale that, so I hir
by rburhum 8y ago
When I was freelancing a bit over a decade ago I was making more than most people my age I knew at the time. My natural reaction was to try scale that, so I hired folks to do the work for and with me... that is when I learned first hand how difficult it is to scale a services-based business.
However, folks much smarter than me taught me another thing. True wealth is created when you reach a point where you are making money while you are sleeping - which is exactly the opposite of what I was stressing about ("I only make money when I am charging for my time"). Ironic.
- mistrial9 8y ago"True wealth" has many meanings in life, not only finance. When you substitute all of life for finance, its a trap.
- rburhum 8y agoOf course if you see it in a macro sense you are right. My comment was within the context of this article: My point was that [Time worked == money generation] is exactly the opposite way of looking at things.
- swagasaurus-rex 8y agoThis is something multiple clients of mine have told me. They were straight up about letting me know, hiring me is great for them because they can make a crap ton of income once the product is completed. That's the nature of things though. You make money the most money by owning things that make money.