Published On Aug 5, 2023
In this week's episode, Levi and I dive into the concept of "equity time" - investing your time into building something of value in exchange for future payoff, rather than trading your time directly for money.
We discuss:
What equity time is and how everyone can think of themselves as investors, whether it's with money or time
Tips for deciding when and how much equity time to invest based on your personal situation
The importance of considering opportunity cost when investing equity time
Levi's story of investing equity time into learning a new programming language for a startup opportunity
Why building transferable skills while investing equity time is key
How focusing on solving real market needs vs just having a "good idea" affects the decision to invest equity time
And more!
This is a great episode if you're interested in investing your time wisely, balancing equity time with client work, evaluating new business ideas, and maximizing your chances of success with side projects.
Levi shares his insights as a successful serial entrepreneur and investor. I add my own experiences building multiple companies as well.
Let us know what you think! Questions and comments are welcome.