I while ago I took a short road trip with my father and we listened to “Beat the Time and Money Trap” by Michael LeBouf. It’s a 6 CD audio program.

LeBouf makes the point that Americans in general are working more and more, and are not getting ahead of the financial game. We spend less and less time doing the things we want to do and we slip further and further into debt.

His solution he calls LeBouf’s Law, which is “Invest your time actively and your money passively.” While that may be a slightly egotistical name, it’s still great advice.

Investing your time actively means thinking about what you’re doing with the hours you have. Are you spending any quality time with your family? Are you able to relax? Are you taking time to learn things you want to learn?� He gives plenty of advice to help you start enjoying your life more.

Investing your money passively is very similar to the main theme of “The Automatic Millionaire.” That just means you set up a system that works for your risk tolerance and goals, and you let the system do the investing for you. He discusses several different investing philosophies that you may want to consider. Like in “The Automatic Millionaire” he suggests you automate it so that you don’t have to think about it very often.

All in all, it’s a great program. Well worth a listen.

It’s the universal challenge of modern living: If you have the money, you don’t have the time to really enjoy it. If you have plenty of time, you’re hurting for money. And most people could use a lot more of both. Michael LeBoeuf calls it the time/money trap, and in this down-to-earth and uniquely practical program, he shares a powerful, simple system that will empower you to escape it forever.