Comments on: Time is Money

By: Queercents » Blog Archive » 5 Reasons to Hire a Property Manager for Your Real Estate Investments

Wed, 16 Apr 2008 13:30:38 +0000

[...] worth the price. They typically charge between 5 to 7 percent of the monthly rent. How do you put a value on my time? This brings me to the last [...]

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By: Queercents » Blog Archive » Twenty Bucks, Starbucks and Double Billed on MasterCard

Tue, 19 Feb 2008 14:08:21 +0000

[...] and aggravation to set the record straight. We’ve asked this question before at Queercents: using the time/value equation or a formula related to your income that quantifies the time. John even pondered awhile back about [...]

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By: Neo

Neo — Mon, 13 Nov 2006 03:19:19 +0000

Rich writes ' since paid or not, you can't do much while asleep' I don't know about you but I do some of my best work in dreamland.

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By: Richard Taylor

Richard Taylor — Mon, 06 Nov 2006 14:32:37 +0000

Hi Elizabeth, I got the number 6570 because that's 18 waking hours a day x 365 days a year. So whether you work full time or part time, there's the same number of waking hours in the day. Now, 18 waking hours a day assumes you sleep 6 hours a night. Some people sleep 7 or 8. If you sleep 8 hours a night, then the magic number is 16 x 365, or 5840. So divide your total annual take-home pay by that.

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By: elizabeth

elizabeth — Mon, 06 Nov 2006 03:35:34 +0000

i love the idea of figuring out what my time is worth. i love math and specific numbers, having everything tidy. and i am sooo in to my free time you wouldn't believe it. i've recently cut my work hours from 40 to 20 hours a week (and took a slight paycut on top of that going from salary to hourly). do you think the number 6570 still applies to figure out an hourly worth? or should i double my pay as though it were full time? am i thinking too much about this?

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By: Richard Taylor

Richard Taylor — Sun, 05 Nov 2006 16:10:21 +0000

I agree with you, Divajean. My column was not really about "saving money" but trading money for more free time (or not). This assumes you have any spare cash to start with! Re: Debbie's comments--I see it differently. Our work time is subsidizing our free time. And every day we choose what to make of the value of that free time. We could always get a second or third job, trading that free time for more money. My point is that we can also trade some spare money to create more free time (from chores). But when is it worth it?

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By: Debbie

Debbie — Fri, 03 Nov 2006 22:06:42 +0000

I've never understood how the income I make at my job has much to do with how much my free time is worth. It's really only how much my work time is worth, sort of. I'm willing to take a lower pay if my work time is more fun and less stressful than otherwise. Also, it's not like I have the kind of job where I can work an extra hour and get an extra hour of pay. If I work more hours, it's going to be at a lower-paying job. Plus, my time can be cashed in for more than just money. In can be cashed in for fun, relaxation, exercise, nutrition, learning, or a million other things.

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By: DivaJean

DivaJean — Fri, 03 Nov 2006 15:28:28 +0000

But- think about it-- if you hire out every little job that's less than your "hourly rate"- you'll end up with way less cold hard cash and ultimately could bankrupt yourself "saving money."

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