The Expected Value Method - Deepstash

How to adapt to different speaking situations

How to engage with an audience

How to use body language effectively

Discover 54 similar ideas in

It takes just

# The Expected Value Method

• Find a unit of measurement that connects the tasks you work on with the income you earn.
• Estimate the expected value of each task.
• Add all the expected values together to calculate the total expected value of your time.
• Add extra variables as desired, like how much happiness a particular task brings to your life.

This method is highly individualized.

172

MORE IDEAS ON THIS

### Get The Most Out Of Your Time

It starts with knowing what your time is worth. For instance:

• People who spend their time doing more profitable work make more money.
• People who spend their time investing in others build better relationships.
• People who spend their time ...

372

### 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 spec...

197

### Checks and Balances

• Take-Home Pay Method. This method is based on the pay you take home.
• Market Rate Method. This method is useful to test your numbers. Check the rate you could expect to earn if another company hired you for a job you were qualified to perform.
• Cost-Based Metho...

182

### The Growth Multiple Method

This method calculates how your work of today will pay off long term, but does not tell you how to use your time more effectively. It works on the assumption that your actions from this year will continue to drive growth over the next 12 months, so the real value of your time is high...

174

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...

219

### Keep in mind

• Misguided success. Don't waste time becoming successful at the wrong thing. Know your core values and what you want out of life.
• Tradeoffs and Opportunistic addition.  Opportunistic Addition refers to choices that would decrease the value of your time if you spent all o...

209

### Track How Much Money You Earn

If you're an hourly worker or a salaried employee, look at your latest paycheck and multiply it by the number of paychecks you receive per year. Also, include money from side hustles and freelancing gigs.

You are trying to calculate your take-home pay.

191

### What Value You Can Expect

Expected Valued Methods are based on the value you expect a given hour of work to create in the long-run. This method can help you make strategic decisions about where to spend your time.

• What projects should you focus on?
• Which uses of time are not valuable a...

182

### The Real Worth Of Your Time

Use the Realized Income Methods to calculate the value of your time. It is based on the income you received and will help you make better decisions on how to spend money day-by-day. You need two numbers for your calculations.

1. How much time you spend to earn money.
2. How much you ...

244

### The Value of Your Time

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...

213

CURATED FROM

CURATED BY

"Many people are in the dark when it comes to money, and I'm going to turn on the lights. " ~ Suze Orman

Related collections

## More like this

### The Real Worth Of Your Time

Use the Realized Income Methods to calculate the value of your time. It is based on the income you received and will help you make better decisions on how to spend money day-by-day. You need two numbers for your calculations.

1. How much time you spend to earn money.
2. How much you ...

### The Value of Your Time

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...

### The Growth Multiple Method

This method calculates how your work of today will pay off long term, but does not tell you how to use your time more effectively. It works on the assumption that your actions from this year will continue to drive growth over the next 12 months, so the real value of your time is high...

## Explore the World’sBest Ideas

### 200,000+ ideas on pretty much any topic. Created by the smartest people around & well-organized so you can explore at will.

#### An Idea for Everything

Explore the biggest library of insights. And we've infused it with powerful filtering tools so you can easily find what you need.

Knowledge Library

#### Powerful Saving & Organizational Tools

Save ideas for later reading, for personalized stashes, or for remembering it later.

# Personal Growth

### Organize your ideas & listen on the go. And with Pro, there are no limits.

#### Listen on the go

Just press play and we take care of the words.

#### Never worry about spotty connections

No Internet access? No problem. Within the mobile app, all your ideas are available, even when offline.

#### Get Organized with Stashes

Ideas for your next work project? Quotes that inspire you? Put them in the right place so you never lose them.

My Stashes

Join

2 Million Stashers

4.8

5,740 Reviews

App Store

4.7

72,690 Reviews

Sean Green

Great interesting short snippets of informative articles. Highly recommended to anyone who loves information and lacks patience.

Best app ever! You heard it right. This app has helped me get back on my quest to get things done while equipping myself with knowledge everyday.

Ashley Anthony

This app is LOADED with RELEVANT, HELPFUL, AND EDUCATIONAL material. It is creatively intellectual, yet minimal enough to not overstimulate and create a learning block. I am exceptionally impressed with this app!

samz905

Don’t look further if you love learning new things. A refreshing concept that provides quick ideas for busy thought leaders.

Ghazala Begum

Even five minutes a day will improve your thinking. I've come across new ideas and learnt to improve existing ways to become more motivated, confident and happier.

Giovanna Scalzone

Brilliant. It feels fresh and encouraging. So many interesting pieces of information that are just enough to absorb and apply. So happy I found this.

Laetitia Berton

I have only been using it for a few days now, but I have found answers to questions I had never consciously formulated, or to problems I face everyday at work or at home. I wish I had found this earlier, highly recommended!

Jamyson Haug

Great for quick bits of information and interesting ideas around whatever topics you are interested in. Visually, it looks great as well.

20x Faster

without
deepstash

with
deepstash

with

deepstash

Unlimited idea saving & library

Unlimited history

Unlimited listening to ideas