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That assumes your time costs zero. But if you assume as I do that your time is the most valuable thing you have, then there’s no way to generate profits when a
by makk 3y ago
That assumes your time costs zero.
But if you assume as I do that your time is the most valuable thing you have, then there’s no way to generate profits when all you sell is your time.
You can generate cash, sure. But profits as in selling something for more than it cost you, never. You can never get that time back, and it’s worth more than anything.
I would guess many will disagree with this perspective.
- deleted 3y ago[deleted]
- arrowsmith 3y agoMaybe, but that's completely irrelevant to the original question of whether the quoted $500k was OP's gross cash revenue or net financial income.
- jonas21 3y agoIf you're a solo freelancer, there's no difference between paying yourself for your time and paying yourself out of the profits. The money goes to you either way.
- makk 3y agoAnd either way, you’re not paying enough cash to cover the value of what you’re selling, so the net result is not profitable.
- arrowsmith 3y agoGood luck explaining that one to your accountant.