#257 Time is on my side

In this episode, I explore the idea of time and how the
compounding effect applies not just to money, but to building
assets. As a consultant, I’m often paid by the hour, but I
realized that investing those hours into creating lasting
assets—like courses, books, or public speaking services—can
provide returns indefinitely. I share how I recently built a new
public speaking service that only took 10 hours of work but will
continue to generate income for years.


The key takeaway is that while billable hours offer immediate
returns, investing time into long-term assets can lead to
greater, lasting financial success. I also talk about how my
investments in stocks, real estate, and my education
(specifically my Doctor of Business Administration degree) will
continue to grow in value over time. I’m playing the long game,
and time is on my side, helping me build a sustainable future.


Transcript:


Hello, everybody, and welcome to another episode of Sweet Buzz!
How's it going, guys? It's getting colder here in Macedonia, and
with the cold weather, people seem to be staying in more. Anyhow,
I had a great conversation with a friend yesterday, and I
thought, "This needs to be a podcast episode!" We talked about
time and the compounding effect.


You’ve probably heard about the compounding effect when it comes
to money—how it grows over time, especially when you reinvest.
Einstein even said compounding interest is the seventh wonder of
the world. But we discussed something else—how building assets
over time can be just as powerful as the compounding effect with
money.


As a consultant, I’m paid by the hour. Sure, it’s good money, but
if I take those same hours and invest them in building
something—like a webinar, an online course, or even a book—that’s
something I can sell infinitely. The last time I did that, I
built up my public speaking services, which took about 10 hours.
I’ve spoken at over 25 international events, and after some
research and putting everything together, I created a new
service. Now, anyone can visit my website, and under the
“Speaking” section, they’ll see all my past events and topics. I
turned 10 hours of work into a service I can offer indefinitely.


So, here’s the dilemma: Do you invest time in billable hours,
where you get paid right away, or in something that can generate
long-term income? In my current life, time is on my side because
I’ve built so many assets and invested in long-term business
activities. Even if I don’t do anything new, those investments
will continue to grow over time. My investments in stocks, real
estate, and crypto are all going to be worth more in the future.
BizzBee Solutions will be more valuable because it’s a company
with nearly a decade of experience.


And let’s not forget, I’m working on my Doctor of Business
Administration degree, which will boost my consultancy and public
speaking gigs even more. I’ve been thinking about the long-term
benefits—how in a few years, I’ll be in an entirely different
place, charging more for my services and scaling even further.
I’m constantly compounding on multiple fronts—business, financial
investments, and personal development.


The lesson here is that building assets over time puts you in
control of your future. Whether it's books, real estate, or
public speaking opportunities, the more I invest in these things
now, the more I’ll benefit in the future. I’m playing the long
game, and time is definitely on my side.