Invest In Your Life 204 // How Millionaires Spend Their Time
James recently read an article about millionaires spending their time differently, which made them happier. It's not the money that makes them happier. It's how they spend their time. James has noticed that clients who aren't millionaires and spend their time the same way also seem happier.
These three things might surprise you. James talks about what they are and how you can spend your time in a way that might make you happier and more prone to possibly earning more in the process. We all have the same 24 hours in a day. We might as well make those hours work for us in a way that brings us joy and contentment.
Episode Highlights:
[02:17] Being a millionaire and being happy doesn't always go together. Money doesn't make people happy in itself.
[03:09] The article that talks about what makes millionaires happy isn't about wealth, it's about how they spend their time differently.
[03:24] There's no magic formula. We all have the same 24 hours in a day.
[04:04] Millionaires spend more time exercising and volunteering. I've seen successful people be very diligent about exercise. It makes sense that people who take care of their bodies are more able to grow wealth.
[05:03] They're not just getting up and getting after it so they can accumulate more, they are also getting up and getting after it so that they can help others.
[05:24] Millionaires spend a significant amount of time in active leisure such as exercising, socializing, praying, meditating, hobbies, and volunteering.
[06:08] They have intentional active leisure not just vegging out on the couch.
[07:22] They spend substantially less time in non-active leisure like watching TV, napping, resting, relaxing, and doing nothing.
[08:51] Happy people waste their time less.
[10:05] Millionaires have more control at work. There was no difference between the hours spent at work. The difference was the autonomy or control they had.
[12:45] Autonomy and control is extremely important for happiness at work.
[14:02] The three key differences that emerged were spending more time on exercising and volunteering, watching less TV and less sitting around, and enjoying work more through having more control.
[14:21] These are all modifications that you don't have to be a millionaire to make. Find ways to be active in your leisure. Take your health seriously. Have your free time focused on active leisure.
[15:21] Create authority and autonomy when you show up to work.
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