This is the fourth post in a series on new idea fear busting. In Create Passive Profits, we are going to start the course by pushing past the fears that have stopped us in the past. In this series, I’d like to dispel some fears here on the DLP blog, to encourage you to start those things you’ve been dreaming about.
New idea fear busting #4: I don’t have enough time
Ah, the fear I hear most often that stops people from going after their dreams. There are many misconceptions about time, and I’d like to squash some of those here.
- Who said you needed full-time hours to make money?
Who said you needed 40 hours a week to develop a company? Because you don’t. You only need little scraps of time here and there. Think about if you started today, just 10 minutes a day, to learn Spanish. Guess what would happen? You’d learn Spanish! It’s as simple as taking the time you can, and taking action towards it.
- Think of how you’re currently wasting time
Chances are, there’s something you’re doing (or many things you’re doing) that are a waste of your time and your resources. You are probably just in a routine and you haven’t even thought about why you are continuing to do it. If you truly audit your day – you’ll find there’s a lot of things that YOU don’t really need to be doing. Feel free to quit things that are extra or are just there. Simplify and you’ll find a bunch of free time you didn’t even know existed.
- All time is not created equal
An hour of work doesn’t have to be an hour of work. An hour of work can equal 100 hours of work. What do I mean? When you create passive or re-occuring income, one hour of your work can translate to countless hours of repeat business. If you set up a system that is automated or scalable – your time can be invested instead of just spent. See my blog about passive income for more explanation.
- Work doesn’t have to feel like work
When you are doing what you love – where do you draw the line between a hobby/play and work? I love this quote by James Michener:
“The master in the art of living makes little distinction between his work and his play, his labor and his leisure, his mind and his body, his information and his recreation, his love and his religion. He hardly knows which is which. He simply pursues his vision of excellence at whatever he does, leaving others to decide if he’s working or playing. To him he’s always doing both.”
So perhaps your hobby/free time can cross over into work time. Maybe you can be making money while you’re having fun. We all have time for that, right?
If you haven’t already – read new idea fear busting #1 – it’s already been done, new idea fear busting #2 – I’m not {blank} enough and new idea fear busting #3 – someone will steal my idea. I’d also love to invite you to join us in the new Create Passive Profits workshop, where you can take these ideas and monetize them to create a passive revenue stream. Registration is now open – so snag your spot, class starts very soon!!
