The Mindset Mentor - Time Is Not Money

Starting point is 00:00:00 Welcome to today's episode of the Mindset Mentor podcast. I'm your host, Rob Dial, and if you have not yet done so, hit that subscribe button so that you never miss another podcast episode. And if you're out there and you love this podcast, please do me a massive, massive favor. Take your phone out right now. Take it out. Take it out. And go ahead and go to however you're listening to this and give us a rating and review on Spotify or Apple Podcasts, whatever it might be. Reason why is because those platforms, the more positive reviews that we get, the more that they show this organically to people who have never listened to it before. So by you giving us a rating review, other people can find this podcast and be impacted

Starting point is 00:00:41 by it as well. So if you would do that, I'd greatly, greatly appreciate it. Today, I'm going to be teaching you why the phrase time is money is complete BS. We've all heard the phrase before, right? You've heard that phrase before, right? Time is money. Time is money. Time is money. And I used to think that it was too. But now that I've grown older, now that I've done a lot of things in my life, I have found that that phrase is completely false. And let me tell you why. And you're going to come on a journey with me today. And hopefully, I can reframe your entire mindset around time, but also your entire mindset around money as well. You ready to go on the journey with me? You ready to go on the journey with me? Cool. Let's fast forward. Let's say that you live an amazing life.

Starting point is 00:01:28 You end up getting to the end of your life. You're 98 years old and you're on your deathbed. You're surrounded by your friends and your family and all these people. Do you think in that moment that you're going to be sitting there thinking, hmm, you know what? I really wish that I had made more money. Do you think you're going to be sitting there thinking that? I really wish that I could do some more work today. I'm pretty sure that's not what you're going to be thinking. No, when you're at that point, you will want,

Starting point is 00:01:58 if a genie came through and said, hey, I'm going to grant you one wish. What's that wish? he came through and said, hey, I'm going to grant you one wish. What's that wish? You're not going to go a million dollars. What are you going to want? You're going to want time. You're going to want more time. This is the reason why time and money are not equal. This is the reason why time is not money. Time is far, far, far more superior than money. Watch this. Let's go back to that exact same example. Let's say that you're 96, 98 years old, lived an amazing life, and you're a billionaire when you're about to die. Last day on earth, you've got over a billion dollars in your bank account. You would trade every single dollar in your bank account to be younger again, wouldn't you? Of course. There'd be no hesitation. It'd be like an instant. You wouldn't even have to think about it twice.

Starting point is 00:02:53 You would trade every single dollar and go back to broke again just to have more time. Now, think about this even deeper. If you are at that point, how old are you right now? Maybe you're 25, 30, 35, 40, 60. Let's say that you're 98 years old. Let's go back to that example. You would trade all of that billion plus dollars inside of your bank account to be right where you are right now. Let me say that again. On your deathbed, if you die at 98 years old, no matter how old you are right now listening to me, you would trade every single dollar to be right back where you are right now. Whoa. Think about that for a second. Let that one kind of sink in. I don't want to keep talking and influence you. Let that sink in for a second.

Starting point is 00:03:54 You would trade all of the billions and billions of dollars to be where you are right now. Now think about this for a second. Think about all of the time in your life where you have been worried or you've been stressed out or you've been working your ass off to make money. Oh, I'm not where I want to be. Oh, I want to be further along. No, you are where you want to be. oh, I want to be further along. No, you are where you want to be. If you were on your deathbed, where you would want to be is where you are right now. No matter how much struggle you're going through, you would want to be where you are right now. But you would want more time. That's what you would want. But it's always what you spend your time doing, right?

Starting point is 00:04:46 There's another thing. It's not like you would want more time. You would never be on your death bed and say, oh, you know what? Oh God. I wish I could scroll on Instagram one last time. I wish I could just go through other people's newsfeeds one last time. I wish I could, I would really like to spend my time, if I was gifted more time, watching some more Netflix. I wish I could, I wish I could spend my day worrying. That's one thing that I really wish that I could do. Right? So it's like, you got to think about this. So many people put so much emphasis on money and they spend their time day in, day out, day in, day out, day in, day out, making money, worrying about money, stressing about money. But if they were to get into the

Starting point is 00:05:37 deathbed, they would have all of that money and they wouldn't want any of it. They would want time. They would want to be back right to where you are right now. But if they did get more time, they wouldn't want more time to scroll on Instagram. They wouldn't want more time to scroll and watch Netflix. They wouldn't want more time so that they could worry. What would you spend your time doing if you were gifted more time? Think about that for a second. Just think about it. What would you spend if you get to 98 years old and out of nowhere, someone's like, hey, I can put you right back to today's date, whatever today's date is for you. What would you do? Well, first thing you probably want to do is you just want to spend more time

Starting point is 00:06:25 with the ones that you love, right? That's probably what majority of people here would want to spend the majority of the time doing is spending time with people that they love. So then that brings up the question, are you spending enough time with the people that you love? I know a lot of guys that work their ass off and they work really hard to provide for their family. And that's great. I know women that do that as well. But are you spending enough time with that family that you want to provide for? Providing for them is not just a monetary thing. It's an emotional, it's a spiritual, it's a physical thing as well. Are you spending time with them? So then you've got to ask yourself that thing as well are you spending time with them so then you've

Starting point is 00:07:06 got to ask yourself that question am i spending enough time with those people okay if not maybe i should start to work some things out to actually figure out what's important and that's what i love about this question so i love about this and now this this whole story that we're bringing up here is when you put yourself here you can actually ask yourself the important question, like, what would I want to spend my time doing? And am I spending enough of my time doing it right now? Am I spending enough of my time doing that? Or could I be spending more time? Can I move my schedule around to spend more time doing that thing that I would want to

Starting point is 00:07:42 be doing? Okay, that's the first thing. Hey, you listen to this podcast because you want to grow into the best version of yourself. And one way to do that is through books. And it always will be through books. Books have always been and will always be one of the most essential pieces to learning and growing. And that's why Blinkist is so amazing. Although many books have great content, a lot of them have what I like to call fluff stories. Stories that are put into books to hammer a point home, but if you already understand the point, what's the point of putting five stories about that same point over and over again? Blinkist, you get all of the most

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Starting point is 00:09:54 app for free. Then start your search for top rated doctors today. Many are available within 24 hours. That's Z-O-C-D-O-C.com slash dial, ZocDoc.com slash dial. maybe playing games with them, whatever fills your cup, that's what you would want to spend your time doing. Now, I know a lot of you guys that are listening, you love to work hard. Hey, I love to work hard too. I love working. So I don't think that we should just completely disconnect from working because work can be a place. So I don't want this episode to be like, you know what? Because of that episode that Rob put out, I'm going to just quit my job. I'm going to spend the majority of my time with my family and figure it out from there. That's not what I'm trying to get at.

Starting point is 00:10:52 When you do work hard, there's a lot of benefits to it. You are able to provide a greater version of life for your family. Maybe to be able to travel. Maybe be able to see things you couldn't had you not worked hard. life for your family, maybe to be able to travel, maybe be able to see things you couldn't had you not worked hard. And there's also so much benefit that comes from working hard as far as personally, personal development, the discipline that it can build into you, the personal development that's required to break past your fears and start that business, to work with your limiting beliefs in order to make the calls that you want to, working past them in order to grow and to work and to learn

Starting point is 00:11:32 and get better. There's so much personal development that comes from that. So I don't think that this episode, I'm not trying to say, hey, you should just quit your job and quit your business and run it all into the ground and then spend the majority of time with your family. I'm not saying that. I think there's benefit that comes from both of them. I just think that too many people put way too much time and worry and energy into making money when really what I want you to realize is that that would mean absolutely nothing to you if you were out of time. The only thing that you would want is more time. It's like the phrase that I've heard quite a few times is, you know, a healthy person wishes for a million things.

Starting point is 00:12:13 A sick person wishes for one thing, and that's just to be healthy. Goes the same with this story we're saying here that we're making up. But work can't just consist of all of your life. It needs some balance at some point. And so really what I want you to start thinking is, how have you lived your life in the past? I'll be honest with you. Majority of my 30s was solely focused on one thing. How can I make as much money as possible? Why? Because when you look at my childhood, there wasn't a whole lot of stability. And I thought that money brought stability, which it can, but doesn't fix everything. I love the phrase, the only problems that money solves is money problems. That's it. Once you make money, if you're out there and you've ever made

Starting point is 00:13:03 a decent amount of money, you realize that none of your problems go away. It just makes being able to pay the bills and be able to do the stuff that you want easier. The only problems that money solves is money problems. So if that's the case, how much of your time in the past have you spent thinking about and working your ass out to trying to get more money. When in reality, that's not the thing that you would want at the end of your life. So, if that's the case, what do you enjoy doing? Who do you love spending time with? If you were gifted, if today was the last day and you were gifted an extra year, what would you spend your year doing?

Starting point is 00:13:42 Would you take the people that you love and you go travel somewhere? Would you take that vacation that you've been putting off until it was the right moment? Or maybe you've been putting off because of the fact that you were afraid that something might happen to the economy. I remember hearing years ago, a story, true story, about a man who was at his age to retire. And his entire life, he's married to a woman for years and years and years. It's like 40 something years, right? They had kids together. They raised their kids. Their kids went to college. They moved out. They had their own lives. And he got to the point where he was able to retire. And he was like, honey, I could retire right now, but I just want to be just

Starting point is 00:14:19 a little bit more financially stable. And all she wanted to do was travel. She waited 40, 45 years for them to finally be able to travel together. And he waited and he waited and he waited. I remember what it was. It was, I think it was from the book, The Five Regrets of the Dying, where she talks about a man that was on his deathbed and one of his regrets. And this was one of his regrets. And so she waited for him. All she wanted to do was travel with him all of his time. And he was just waiting to retire, waiting to retire, waiting to retire. And he gets to his retirement age and he goes, honey, I need one more year. I think we're good, but I just want to make sure we're completely set and we can live a little bit better of a life

Starting point is 00:14:53 if I work one more year. And she ended up saying, okay, that's fine. You can do that. And in that year, she ended up getting sick and passing away. And she never got to travel with him and do the things that she wanted to do and he wanted to do as well. And he never got to travel with her and be able to live this retirement life that was supposed to be so amazing. And so he lived his life from the moment she died until the moment that he died in this book. He lived his entire life in that moment from when she the moment that he died in this book, he lived his entire life in that moment from when she died to when he died, regretting that decision. Because he could have

Starting point is 00:15:31 had one entire year to be able to live their dreams of what they always wanted together for like 40, 45 years, to be able to travel, to see the world, to do what they wanted. But he wanted to make just a little bit more money so they could be a little bit more comfortable and do a few more extra things. So what is it that makes you happy? Is it hanging out with your family? Is it traveling with your family? Have you been putting that vacation off like I was just talking about? What is it that makes you happy without other people and with other people? What is it that makes you feel alive? What are the things that you do throughout the day that makes you feel alive, that fill your cup? And what people fill you up with happiness? And what I want you to do, the assignment I'll give you for the end of this podcast episode, is to make a list. Make an entire list. I like to call

Starting point is 00:16:21 it a happy list. I got this idea from a friend of mine who was going through, super smart guy, going through a really deep depression years and years ago. And he woke up one day after being in depression for like two years. And he woke up and realized, you know what, this isn't changing. Like my depression is not going away. It's not changing. So if I want it to be different, I probably have to be different. And so he made this long list of every single thing that made him happy. It was big things. It was small things. It was traveling. It was Oreos. It was sitting and watching the birds play. It was hanging out with his dog, right? It was like so many little teeny tiny things. And then what he would do is he would wake up every single morning and he would look

Starting point is 00:17:07 at that massive list. And then he would look at his schedule and he would say, how can I get as many of these things that make me happy into my day? And he would plan out being happy. And guess what happened? The more intention that he put into being happier, the happier that he got and the less and less depressed that he put into being happier, the happier that he got and the less and less depressed that he got. And so the thing I want you to do is make a list of things that make you happy. And then what I want you to do is put as many of those things into your day. Because the

Starting point is 00:17:34 one thing that I am 100% sure of is when you are on your deathbed, you will not want more money. You will not want to have made more money. You will not regret that you didn't make more money. You will not want to have made more money. You will not regret that you didn't make more money. You didn't work harder. You will want more time, which is why time is money is a bullshit phrase. So that's what I got for you for today's episode.

Starting point is 00:17:56 If you love this episode and it made an impact on you, switch your mindset up in some sort of way. Do me a favor, share it on your Instagram stories and tag me in it, Rob Dial Jr, R-O-B-D-I-A-L-J-R. That way more people can find this because if it made an impact on you, there's a pretty good chance that someone that you know,

Starting point is 00:18:09 if they see this, it can make an impact on them as well. That is the way that we grow through grassroots and I would greatly, greatly appreciate if you would do that. And I'm gonna leave you the same way I leave you every single episode. Make it your mission to make someone else's day better. I appreciate you and I hope that you have an amazing day.

The Mindset Mentor - Time Is Not Money

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