Assigning a Monetary Worth to Your Time
The value of time in your personal life is at least as valuable as your work life time. Most people think about the value of their time as it relates to on‐the‐job activity.
The fast‐food worker knows he earns a minimum wage per hour. The freelance artist advertises a per‐hour rate. The massage therapist charges for her services in half‐hour and hour increments. To be truly aware of the value of your time, you need to carry this concept into your personal life as well. In some cases, personal time is priceless.
One of the most important points to remember as you work through this book is that it’s okay not to get everything done. What’s critical is making sure that the important things are getting done. By assigning value to your time, you can clearly identify what’s important and make conscious, wise choices.
For example, if you need to save another $200 per month because you want to start an account for your children’s college education, you may determine that putting in an extra shift at work may not be worth the loss of time with your family, even at time‐and‐a‐half pay. Or if you really detest yard work, then paying someone else $50 to cut your grass may be a fair trade for the extra two hours of time watching the game.