Your Time is Money - Tips on How to Use it Profitably

Everybody's life revolves around numbers: for someproblems, because of the poor diet and the lack of
people their cholesterol level is the most importantmedical care. Not speaking about the stress caused
number. Others have in mind the number of yearsby making ends meet, which can lead to depression
they've been doing something, or the grand total ofand other mental health problems.
their bank account. And there are people who countThe amount of money you make right now also
the years left to pay off their mortgage.influences your future: it is important to be able to save
Your per-hour worth is one of your most importantfor your retirement account and other major
numbers, no matter what are your values and priorities.expenses, such as buying a home or offering your
Knowing how much your time is worth is importantchildren a good education. All these will add up and
even if you are not paid by the hour. But if you knowmake you feel secure about the years to come.
how much your time is worth, you will be able to makeBy knowing how much your time is worth, you can
better decisions about how you spend your time sodefine more easily what is the value of your personal
you can make the most of fit.time? After all, you work so you can have more
The higher your hourly rate is, the faster you canpersonal time to spend with your family, children,
reach your goals, because you have at your disposalhobbies, travel or education.
more resources. But if you know the dollar value ofIf you are able to assign a monetary value to your
your time, it is easier to decide how to leverage it, sofree time, you will be able to decide whether the extra
you can increase your hourly value and get the mostmoney you will earn by working overtime will be worth
out of your time.giving up your time spent with your family? Can you
Your per-hour value is in connected to the quality ofquit your day job and stay home with your children?
your life: it influences how much time you have forCan you afford to do volunteer work for one year?
leisure, and how you spend that time. Your hourly valueOr what is the fair price you should ask for a
has impact on your health also: there are studies thatfreelance project that eat up all your time for three
show clearly that lower income means more healthmonths?