BECOMING A MILLIONAIRE WHILE OTHERS ARE SLEEPING (8 hour versus 5 hour sleep)
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:
- A 30 year individual has the potential of earning $108 000
- A 50 year individual has a potential of earning $324 000
- A 75 year individual has the potential of earning $864 000
