You should urgently cancel your gym membership if you intend to be super successful.
When you are a high earner and realize what your time is truly worth then doing things like:
Cooking your own food becomes financially irresponsible.
Washing your own clothes, cleaning your home becomes financially irresponsible.
Washing your car yourself becomes again financially irresponsible.
For me it was financially irresponsible to spend $50/mo on gym membership and financially responsible to buy my own gym for $35,000 USD.
Here is the math.
Each visit to gym is approximately 30 minutes each way. If you go gym 5 days a week that is 5 hours going to and from gym each week. Or about 130 hours per year.
The time spent at a public gym waiting for equipment lets say adds extra 15 minutes per workout times workouts per week. Or about 65 hours per year.
That is approximately 195 hours extra time by paying $50 per month for public gym membership.
If my time is worths say $1,000 per hour then that $195,000 dollars that $50/mo gym is costing me. By investing one time $35,000 into private gym I actually save the first year $160,000 dollars.
If you are a high earner OR want to become a high earner then guard your time wisely. Start by not going to grocery store instead order online. Hire a maid 1-2 days a week. Stop going out on the weekends.
Become greedy with your time. Be financially responsible.
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By Chris Winters