Monday, March 28, 2011

Time is Money, Money is Time

How much is your time worth?

Do you work for 10 bucks an hour or make a salary of 50k-100k?
Is it worth watch the car or paying for the car wash? Is it worth driving to the store an extra 5 miles up the road to save 4 dollars on the same item?

$25 per hour is how much you are paid or value your time if you are paid $50,000 per
year and get two weeks of vacation per year. I encourage you to estimate your hourly income by cutting the last three zeroes off of your annual income and halving the remaining number (e.g., $80,000/year is $40/hour) of course that all gets thrown out the window if you are on call 24/7.

The next time your buddy asks for help moving may deserve something more than pizza and beer.

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