Time Is Money
Prepare an hourly chart of how you spend your 24 hours, starting now. How much of it is spent doing productive work in terms of money and how much of it is spent in losing it. If you find the ratio is 3:1 you are safer than most people.
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Similar ideas to Time Is Money
Track Your Time
Measure the total amount of time you invest each year to earn money. It includes the time you spend to commute to and from work, and time spent working on a side hustle or dropping your kids at daycare.
If you're unsure how much time you spend working, use 2,500 hours per year as a starting...
Productivity
Many ambitious people don't stay aware of how their time is spent.
Track the time you spend on work and personal tasks. For extra clarity, assign an hourly rate to your time based on the salary you would like to make. Calculate the cash value of hours spent on things that get you clo...
The Value of Your Time
Divide your total money earned by your total time spent.
For example, let’s say you spend 2,500 hours per year earning money:
- If you make $46,226/year, your time is worth $18.49/hour. This is the 2014 median income for women in the United States.
- If you m...
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