We fall into the time/money trap by thinking with a paycheque mentality. Because most of us think with a paycheque mentality, we assume that having more of one requires sacrificing some of the other. LeBoeuf discloses that time and money are not one-dimensional trade-offs unless we assume they are and choose to live our lives that way. Paul Getty, an author and an American billionaire businessman says a man needs luck, knowledge and hard work to become a millionaire. But, above all, he needs what can be called 'the millionaire mentality': that vitally aware state of mind which harnesses all of an individual's skills and intelligence to the tasks and goals of his business.
Paradox of financial success
Research shows that in many cases, more money, which indicates financial success, equals less freedom. The logic behind this conclusion is that the more money you have, the more options you have, and consequently the more time and energy you must spend making decisions and managing your resources. As regards time and wealth grid, five different types of people are identified. These are the Slave; the Grasshopper; the Employee; the Owner; and the Winner. The Slave has little or no wealth or discretionary time; while the Grasshopper has a lot of time and little or no wealth. The Employee represents those who work regular hours for a decent living wage that pays the rent and puts food on the table. The Employee trades time for money, and focuses on earning to spend. The Owner has much wealth but little discretionary time; while the Winner enjoys the best of all possible worlds.
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