The True Value of Your Time: A Game-Changing Exercise
Have you ever stopped to think about the value of your time? This simple yet powerful exercise can revolutionize the way you approach your work and life. By calculating your hourly worth, you’ll gain a fresh perspective on how to optimize your time and focus on high-impact activities.
Calculating Your Hourly Worth: A Step-by-Step Guide
To determine your hourly worth, follow these three steps:
- Dream big: What is your desired annual salary? Don’t hold back – aim high!
- Crunch the numbers: Divide your desired salary by the number of work hours per year. To calculate this, multiply the number of weeks you work per year by the number of days you work per week, and then by the number of hours you work per day.
- Account for productivity: Most people are less productive than they think. Consider using a multiple of 3 to reflect the fact that you’re likely only productive for a third of your time.
A Sample Calculation
Let’s say your desired annual salary is $100,000. If you work 46 weeks per year, 5 days per week, and 7 hours per day, your total work hours per year would be 1,610. Dividing your desired salary by this number gives you a base hourly number of $62.11. Multiplying this by 3 to account for productivity gives you an hourly worth of $186.33.
What Does This Mean for You?
Knowing your true hourly worth can be a game-changer. It may mean that you need to start delegating tasks, focusing on high-impact activities, and saying no to non-essential commitments. It could also mean that you need to ask for more help – whether from colleagues, a virtual assistant, or a mentor. Remember, no one can help you if you don’t ask.
Taking Control of Your Time
By understanding the true value of your time, you can take control of your schedule and focus on what really matters. This might involve batching your time on social media, limiting email checks, or outsourcing tasks that take up too much of your time. Whatever it means for you, make the most of this exercise and start optimizing your time today.
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