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From Broke Grad to Multimillionaire
9 Ways to Get There Faster An Excerpt from Automatic Wealth for Grads ... and Anyone Else Just Starting Out
Identify and Eliminate Your Major Time KillersUnfortunately, the list of time killers may include some of your favorite things, such as watching TV, playing video games, Web browsing, etc. A time killer is any activity that consumes most or all of your mental energy and provides little if anything in the way of lasting benefits. The worst time killers not only give you nothing in exchange for the time you invest in them but also leave you weaker, less energetic and duller than you were before. "Eliminating your time killers will give you back hundreds of precious, productive hours every year,"Masterson says. "That's time you can devote to achieving your goals, enjoying friends and family ... and making the world a little better than you found it."
Speaking of saving the world, if you're worried that so much focusing on money is incompatible with your idealism, don't be. You don't have to give up your altruistic goals. In fact, making yourself financially comfortable is the best way to ensure that you have the time and the means to achieve them.
"Right now, you may think becoming a millionaire is not a laudable goal," Masterson says. "You might say money doesn't matter. Well, it may not matter now, but it certainly will when your kids are applying to colleges or when you're approaching retirement. Financial independence frees you to live a rich, fulfilling, authentic life. And that's the true definition of wealth."
