BECOMING A MILLIONAIRE WHILE OTHERS ARE SLEEPING (8 hour versus 5 hour sleep)

Becoming a millionaire while others are sleeping

It is widely recommended (mainly by health practitioners) that a person should normally sleep for an average of at least 8 hours a day. Why? Perhaps it is meant to enhance productivity and concentration among the reasons. On the other hand, the popular cliché that “time is money” seems to be against such a recommendation. Generally, this emphasises the importance maximising time in whatever one does.

In this piece of writing, I present time lost through sleeping: a comparison between an individual who sleeps for a daily average of 5 hours compared to one who sleeps for a recommended average of 8 hours per day. (click photo above to see a close analysis)

ASSUMPTIONS

ASSUMPTION 1: The table uses an average of a 30 day month and a 360 days year

ASSUMPTION 2: Both individuals only start earning some money after turning 21

ASSUMPTION 3: Both individuals can earn an average of $10 per hour from ages between 20 and 50

ASSUMPTION 4: Both individuals can earn an average of $20 per hour from ages between 51 and 75

ASSUMPTION 5: Both individuals retire at 75 years of age

CONCLUSIONS

While others are sleeping:

  1. A 30 year individual has the potential of earning $108 000
  2. A 50 year individual has a potential of earning $324 000
  3. A 75 year individual has the potential of earning $864 000
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About Lucky Sibanda

He is a holder of Diploma in Entrepreneurship (cum laude) and a Bachelor of Technology in Business Administration at Cape Peninsula University of Technology (2014 June - cum laude) (Cape Town, South Africa, in Africa). He has varied basic experience stretching from engineering, office work, retail and to the provision of tuition gained from the period of 2005 up to date. He is a qualified and registered Assessor (Services SETA) with a scope of 10 qualification (up to NQF Level 4).

Posted on 20/08/2014, in Motivation and tagged , , , , , , , , . Bookmark the permalink. Leave a comment.

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