Do you prefer earning a lot of money or having more free time?
At least for the moment, I prefer earning a lot of money for the following reasons:
Firstly, if you are young, what I am, you still have nothing. No car, no home, no money. You first have to build up something in your life, before you should focus on increasing your free time or your work-life-balance. By the way, what do you want to do in your free time, if you haven’t any money to spend and no car to drive somewhere?
Secondly, I consider it more important to focus on your carrier, which is impossible if you are working only a few hours per day or a few days per week. If you really want to climb up the latter, you need to be present, to focus on your tasks and you must spend time on networking whit your colleagues.
Another reason for choosing money over free time is a high standard of living. If you want to have a high standard of living you need to earn a lot of money. And how of us don’t want one?
Finally, you need to consider the mechanism of compound interests. If you are young and able to put a lot of money by side and let them work for you they will grant you even more money, for which you don’t have to do anything than to wait. If you consider an interest rate of 9 % p.a. and you invest $ 10.000,00, in ten years you will have $ 30.000,00. And that whiteout working for your money.
By concluding I want to say that if you were young you probably choose the money because of the reasons exposed, but I would perfectly understand if an older citizen prefers the free time.
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Do you prefer earning a lot of money or having more free time?
At least for the moment, I prefer earning a lot of money for the following reasons:Firstly, if you are young, what I am, you still have nothing. No car, no home, no money. You first have to build up something in your life before you should focus on increasing your free time or your work-life balance. By the way, what do you want to do in your free time if you haven’t any money to spend and no car to drive somewhere?
Secondly, I consider it more important to focus on your career, which is impossible if you are working only a few hours per day or a few days per week. If you really want to climb up the ladder, you need to be present to focus on your tasks and you must spend time on networking with your colleagues.
Another reason for choosing money over free time is a high standard of living. If you want to have a high standard of living you need to earn a lot of money. And how many of us don’t want one?
Finally, you need to consider the mechanism of compound interests. If you are young and able to put a lot of money aside and let them work for you they will grant you even more money, for which you don’t have to do anything than to wait. If you consider an interest rate of 9 % p.a. and you invest $ 10,000.00, in ten years you will have $ 30,000.00. That's without working for your money.
In conclusion, I want to say that if you were young you would probably choose the money because of the reasons exposed, but I would perfectly understand if an older citizen prefers the free time.
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