If Time is Money...

So, here's a concept. If time is money, and you have a lot of time, then theoretically speaking, you actually have a lot of money ~ you just haven't converted it yet.

What do you do if you have lots of time and no money? Well, if you don't want to get a job, how about these options:

1. Sell your time.

a. Do jobs/errands for family, friends and aquaintances that they don't have time to do. (Sounds suspiciously like a job to me:) but you are setting your own rates and hours.

b. Babysit ~ do you know how hard it is to find a good sitter these days? (especially if Mom and Dad want to go for the weekend or on an overnight)

c. Set up a garage sale for someone who doesn't have time to and share the profits.

d. Sell Future Use of Your Time Coupons ~ Maybe people don't need you right now, but they will use you later, and by having them purchase a coupon, you have money in hand now. (Kind of like the retainer fees charged by lawyers.)

2. Leverage your time.

a. Start a business with the time you have on your hands. Consider something service oriented so that you keep your overhead next to nothing. (Are you an organization freak? You have a valuable gift you can share with others:)

b. Explore ways to make money on the internet ~ check out the links in the sidebar on this page ~ I will write a more complete explanation of how to make money on the internet in another post. People do make money on the internet legitimately.
c. Consider info-preneuring ~ another internet money maker where you sell information. What do you know about that other people may be interested in? Leverage services such as ClickBank (see links in sidebar: Make Money or Sell and Make Money for info on affiliate programs and selling online respectively.)

3. Experiment with time/money concepts. Try not to think in a dollars/hour paradigm, which is what most of us are trained in ~ you work an hour, get paid an hour. How about dollars per project ~ regardless of how long or short a time it takes? How about return on investment of your time, meaning consider things like creating residual income, which may require an investment of time up front, but may lead to money and time freedom later on. There are lots of interesting money philosophies out there, try one on for size!

What have you done that's worked for you?

Jean