In the realm of billionaires, two well-known archetypes exist: Self-made billionaires and Inherited Billionaires. These categories are familiar to all of us, dominating headlines and conversations worldwide. Yet, amidst the spotlight on the first two, a third, often overlooked category exists – a unique breed of billionaires that includes you, me, and nearly everyone. This is the realm of the 'Billionaire by Time.'
So, who exactly are these 'Billionaires by Time,' and what distinguishes them from their more prominently featured counterparts? The answer is simple – it's us. Yes, you, me, and the countless others who make up this third category. We are all billionaires by time, possessing the potential to ascend to the coveted status of a self-made billionaire, given that many of us aren't fortunate enough to fall into the inherited billionaire category. It's important to note that the first two types are often labeled as billionaires by dollars.
Now, let's briefly examine the more celebrated self-made and inherited billionaires before delving into the intriguing world of the lesser-known third type.
Self-made billionaires are the trailblazers who forge their wealth through relentless hard work, innovation, and entrepreneurial ventures. Starting from modest beginnings, they amass fortunes through commitment, resilience, and a willingness to take calculated risks. Renowned examples include the likes of Jeff Bezos, Elon Musk, and Oprah Winfrey.
Conversely, billionaires inherit their wealth from previous generations, typically through family businesses or estates. While they might not have personally generated their family's wealth, they are vital in managing and expanding their fortunes. Notable examples include the Walton family (Walmart founders), the Mars family (Mars, Inc. owners), and the Koch family (involved in Koch Industries).
Now, having covered the more familiar grounds, let's shine a light on the intriguing third category.
Every person, regardless of race or gender, falls into the category of billionaires by time. Considering the average human lifespan of 80 years and assuming a start in work and earnings at 18, an individual has approximately 2 billion seconds until they turn 80. The key here is that all 'Type 3' billionaires have the potential to transform into 'Type 1' billionaires based on how effectively they utilize their time.
Crucially, one cannot simultaneously be a billionaire by money and a billionaire by time, as these two are inversely proportional. As you age, you lose time while potentially gaining wealth, assuming you align with the self-made billionaires who utilized their time wisely to amass fortunes.
Sadly, the actual value of time often eludes us until it slips away. Be the exception. Utilize your time with intention, for, as the saying goes, there is always time to build an empire.
Investing your time in personal growth and skill acquisition is the most effective way. In the age of social media, your destiny can swing either way – break it by squandering time or make it by leveraging social platforms to acquire new skills.
Remember, based on your current age, you are a time billionaire or even a time millionaire. Use it wisely, as time is the only currency you cannot borrow or share.
Thank you for reading. I hope this article serves as a gentle push, steering you towards a path to becoming a billionaire by dollars."