Success Habits For Dummies

Chapter 18

Time Equals Money

IN THIS CHAPTER

Figuring out your hourly income

Increasing your hourly value

Budgeting time wisely in your personal life

Successful people place a higher premium on their time, both in terms of its monetary value and its psychological value. When you talk about productivity, earnings, goals, family, and health, all of those important factors in overall quality of life are interconnected and influenced by their time utilization.

Success is not measured by any single scale or ruler in life. We all have our own unique way of determining success. Depending on your values, different kinds of numbers may be important to you. To some, it’s cholesterol count and blood pressure figures; to others, it’s the number of years they’ve been married. To many, the sum total in their retirement account is the number-one measure, and some people focus on the amount left on their mortgage.

But I contend that your per-hour worth should be among the top-of-mind numbers that are important to you — no matter what your values or priorities are — even if you don’t earn your living on a per-hour rate. Knowing the value of your time enables you to make wise decisions about where ...