Time Budget.
The Left has slowly but systematically closing down all areas of wealth creation in Australia.
September 16, 2020
Centre for Self-reliance. Investment.
December 15, 2020
There are 168 hours in a week. How do you use them?
First. You need to do a budget.
Be honest. I am not saying this shouldn’t be the greatest time in your life. You are totally free, no responsibilities except to yourself.
On average I think that students have about 5 hours a day “free” time. That relates to the average 5.5hours you spend on your phone.
This is a big choice for you, what to do with the 5 hours a day.
I suppose first you need to look at the alternatives. What could you do with 5 hours a day.
- Get a job and save for your house.
- Read fantastic books.
- Learn a skill.
- Dedicate yourself to a sport or activity.
- Help other people.
- Play video games.
- Listen to youtubes.
Before you think seriously about how you want to spend that time you need to first do your own budget.
Once you have done your budget for term time then do it for holiday time. Then you will know how much time you really have to dedicate to any activity.
Second you need to revisit your priorities. Really know yourself.
Part of this problem is that the way Australian Universities are set up is that they are stealing from you both time and money. Universities now offer courses in 5 years that use to be done in 3 years. While you are tied up at University you are not in the workforce and you are building up debt.
I did an MBA as a mature age student. It was completed in 13 months. Half of the class were from Europe. They had just finished their undergraduate degree and while their peers were backpacking around the world they did an MBA and entered the workforce well in front of their peers.
If you do a 4 year undergraduate degree and under utilise 5 hours per day, that is 7,300 hours or three quarters the way to Malcolm Gladwell’s 10,000 hours. At $20 per hour it is $146,000. And if you worked 150 hours per month and invested it at 9% you would have $172,562 in 4 years.
This is not telling you what you should do it is just giving you the possibilities.
I met a young man on a plane. Aged 30, a school teacher who loved scuba diving. He taught himself to weld under water. He owned his house and had an investment property.
The world is full of opportunities my job is to tell you they are there, your job is to do what you want with the information.
