Mentor Wisdom: "The rich invest in time, the poor invest in money." — Warren Buffett
Mentor Lesson: Buffett's real competitive advantage
Billionaires hoard something way more valuable than gold bars or crypto wallets.
While everyone else is busy chasing the next paycheck or counting pennies, the ultra-wealthy are playing an entirely different game.
They're not just buying stuff, they're buying back their most precious asset.
Think about it like this: you can always make another dollar, but you can never make another minute. Once 3:47 PM on Tuesday is gone, it's gone forever. No take-backs, no do-overs, no magic time machine.
The smartest people on the planet figured this out ages ago.
Warren Buffett famously said his biggest competitive advantage isn't his stock-picking skills or his billion-dollar portfolio - it's that he can sit in his office in Omaha and just think.
No meetings, no distractions, just pure focus on what matters most.
Instead of doing everything themselves, they hire others. Instead of learning every skill, they pay experts. Instead of being stuck in traffic, they work from planes.
Poor thinking says "I'll save money by doing it myself." Rich thinking says "I'll pay someone else so I can focus on what actually moves the needle."
Here's the kicker, most people treat time like it's unlimited.
They'll spend three hours researching the cheapest flight to save fifty bucks, then wonder why they never have time to work on their big ideas.
The wealthy flip this completely upside down. They'll pay extra to save an hour because they know that hour could be worth way more than the money they spent.
It's like having a leaky bucket. You can keep pouring water in, or you can fix the holes.
Most people just keep pouring.
This mindset shift changes everything about how you run your business. Every decision becomes about protecting your time instead of protecting your wallet.
As promised, wisdom in under a minute.
Talk soon,
-Chris
P.S. I just dropped a new Spotify binaural beats deep focus playlist designed specifically for entrepreneurs. It's been my secret productivity weapon.