Monetary Value of Time
We all have some idea of how much our time is worth. On extreme ends, it is easy to know if a task is worth your time. For instance, if someone offers you $0.07 per hour and another $7,000 per hour, you would have no problem to decide.
However, in the middle of the time-value spectrum, it is less clear if a particular task is worth your time. While everyone has an hourly value, few people know the exact amount.
205
877 reads
CURATED FROM
Calculating the Value of Time: How Much is Your Time Really Worth?
lifehacker.com
11 ideas
·7.53K reads
IDEAS CURATED BY
"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman
The idea is part of this collection:
Learn more about moneyandinvestments with this collection
How to adapt to different speaking situations
How to engage with an audience
How to use body language effectively
Related collections
Similar ideas to Monetary Value of Time
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...
Time and attention
A leader’s most precious resource is not their time. It’s their focused attention. If you're able to direct your attention toward a particular task or discussion, you'll have a powerful impact in a minimal amount of time.
The Value Of Time
Money is tangible and easily calculated. One can see how much money they have and figure out the net worth in minutes. Time, on the other hand, is intangible and its value not easily measured. Almost as a reflex action, most of us prefer saving money instead of s...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates