Making money is a factor of time + productivity. The goal is to spend as little time as possible but be maximise to productivity.
It’s an equation where we try to get a 100% result/harvest for as little as 1% effort or even 0%. Of course, 0% can be possible after some period of initial dedicated efforts, and that is what is called ‘passive income’.
The lower we go on the side of effort, the higher the reward we get.
Now, ‘Effort’ is the investment we make. It can include:
- Time
- Money
- Labour (Physical Energy)
- Sacrifices
The ultimate point of wealth is where we reduce all these things to 0, and output is at 100% or more.
Many, many years ago, labor used to be the major determinant of productivity and consequently wealth, but with computing technology, a lot of things have become easier to do. With the advent of AI just a few years ago, things have even become way easier.
Now the tools that we need to achieve productivity, which leads to wealth, have become cheaper, so Money & Labor can be reduced drastically and yield a lot of productivity (which equates more money).
Here I am listing my favourite tools that I work with mostly every day.