#257 Time is on my side

Sweet Buzz - Scaling a Digital B2B Business With Dancho Dimkov

In this episode, I explore the idea of time and how the compounding effect applies not just to money, but to building assets. As a consultant, I’m often paid by the hour, but I realized that investing those hours into creating lasting assets—like courses, books, or public speaking services—can provide returns indefinitely. I share how I recently built a new public speaking service that only took 10 hours of work but will continue to generate income for years.

The key takeaway is that while billable hours offer immediate returns, investing time into long-term assets can lead to greater, lasting financial success. I also talk about how my investments in stocks, real estate, and my education (specifically my Doctor of Business Administration degree) will continue to grow in value over time. I’m playing the long game, and time is on my side, helping me build a sustainable future.

Transcript:

Hello, everybody, and welcome to another episode of Sweet Buzz! How's it going, guys? It's getting colder here in Macedonia, and with the cold weather, people seem to be staying in more. Anyhow, I had a great conversation with a friend yesterday, and I thought, "This needs to be a podcast episode!" We talked about time and the compounding effect.

You’ve probably heard about the compounding effect when it comes to money—how it grows over time, especially when you reinvest. Einstein even said compounding interest is the seventh wonder of the world. But we discussed something else—how building assets over time can be just as powerful as the compounding effect with money.

As a consultant, I’m paid by the hour. Sure, it’s good money, but if I take those same hours and invest them in building something—like a webinar, an online course, or even a book—that’s something I can sell infinitely. The last time I did that, I built up my public speaking services, which took about 10 hours. I’ve spoken at over 25 international events, and after some research and putting everything together, I created a new service. Now, anyone can visit my website, and under the “Speaking” section, they’ll see all my past events and topics. I turned 10 hours of work into a service I can offer indefinitely.

So, here’s the dilemma: Do you invest time in billable hours, where you get paid right away, or in something that can generate long-term income? In my current life, time is on my side because I’ve built so many assets and invested in long-term business activities. Even if I don’t do anything new, those investments will continue to grow over time. My investments in stocks, real estate, and crypto are all going to be worth more in the future. BizzBee Solutions will be more valuable because it’s a company with nearly a decade of experience.

And let’s not forget, I’m working on my Doctor of Business Administration degree, which will boost my consultancy and public speaking gigs even more. I’ve been thinking about the long-term benefits—how in a few years, I’ll be in an entirely different place, charging more for my services and scaling even further. I’m constantly compounding on multiple fronts—business, financial investments, and personal development.

The lesson here is that building assets over time puts you in control of your future. Whether it's books, real estate, or public speaking opportunities, the more I invest in these things now, the more I’ll benefit in the future. I’m playing the long game, and time is definitely on my side.