The latest American Time Use Survey from the Bureau of Labor Statistics reveals some pretty interesting information about how people in the US spend our leisure time. Take this short survey and write down how many minutes per day you spend on each of the following four activities, then try to guess the amount of time the average American spends on each activity.

1. Shopping for groceries

2. Watching television

3. Managing finances

4. Socializing

did you write down how much time you spend on each of the above activities.

Now let’s see if you can match the activities with the number of minutes the average American spends on the activity.

A. 2.4 minutes

B. 154.2 minutes

C. 6.6 minutes

D. 39.6 minutes

Were you shocked by some of the answers? The average American spends only 39.6 minutes socializing. They spend 2.4 minutes per day managing their finances, 154.2 minutes per day watching television, and 6.6 minutes per day shopping for groceries.

The fact that most of us spend 154.2 minutes per day watching television probably didn’t shock many of you because it’s a well known fact that on average Americans watch alot of television. That doesn’t make it good, but it probably wasn’t a surprise.

How about the 2.4 minutes per day, or approximately 72 minutes per month we spend on managing our finances, did that number shock you? It certainly shocked me. When you consider the impact managing our finances can have on our lifestyle and future, versus watching tv, it is very surprising to me that we spend so little time on improving our finances.

Why do you think average Americans spend so much time on tv and so little time on financial planning?  I suspect we watch so much tv because it gives us immediate gratification or entertainment value, whereas investing provides a long-term payoff that is not tangible in the short-term. One of the key differentiators between the wealthy and middle class is their ability to focus on the long-term and do things in the short-term that will provide long-term income and lifestyle changes.

Rich people tend to think in decades. Most multimillionaires have business plans that reach 10 years or more into the future. There is power in this long-term thinking. Doing it consistently can and will make you rich.

Make it a habit to regularly think about what you want your life to be like in 5, 10, 20, and 30 years from now. Do the same for your business and then develop plans that support your vision and take action.

To receive the information series “Top 15 Ways To Grow Your Business Online“, send an email to kw-online-mktg@aweb.com.

If you want to learn more from Karen on growing your business online visit her blog at http://www.KineticWealth.com/blog.

Karen Sielski is a passionate online wealth builder, using her 20+ years in the high-tech industry to help small businesses, entrepreneurs, and online network marketers successfully grow their businesses online.

Karen can be reached via email at karen@kineticwealth.com

Article Source:http://www.articlesbase.com/wealth-building-articles/do-you-think-like-the-wealthy-843266.html

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