So, have you ever wondered how much your free time is worth?
Well, before I tell you what I think your time is worth, I want you to guess!
What do you think? $40 an hour? $60, $80 how about $100.00? No way you think, well
read on…
Here is what a good friend once explained to me when we were discussing home
renovations and when you should call in a professional (and not just because you don’t
do plumbing very well).
The answer is all in the math:
Total hours in a day: 24
Sleep per day: 8
Wake up morning routine, dinner routine, kid time, and personal bedtime routine: 4
This leaves 12 hours per day or 84 hours for the week.
Average work week including commute time 10 hours x 5 days: 50
New balance: 34 available hours.
Deduct House chores; entertainment, kids sports, personal health, family events etc. for
say 12 hours per week leaves 22 hours of free time (maybe).
Ok, then 22 hours x 48 weeks (allow 4 weeks vacation) = 1,056 free hours.
Therefor, if with an annual income of $80,000 divided by the free 1,056 hours we have a
free hour cost of $76.00 per hour.
What if you make $120,000? Then your free time is worth about $114.00 per hour.
Wait a minute, how much did the painters quote for your bedrooms? And how long will
it take you? Hmmm, maybe you should re-think painting the house yourself.
So, think about it, be honest, how much free time do you really have “free”?
Thanks, Jim.
