Time vs money
Training 605 minutestime vs money
You are 35, an architect with two kids. You earn $4,000 and spends 10 hours a day on work and commuting. No time for the kids or for sleep.
Training goal: Balance your time and your money
▶ Play this trainingSituation
1. You figure out what your hour is worth. The contract says $25 an hour, but you commute 2 hours a day and spend $150 a month on transport.
- Go by the contract: $25 an hour
- Add commute and costs: about $19 an hour
- Skip it, time is not money
2. Cleaning takes 5 hours a week. A cleaner charges $60 a visit.
- Hire the cleaner weekly
- Keep cleaning yourself, it saves money
- Hire a cleaner, an assistant and a cook at once
3. Your company offers working from home 4 days out of 5, with a 10% pay cut.
- Decline, that is $400 a month lost
- Compare the real hourly rate before and after
- Agree without checking the budget
4. Free hours have appeared. How do you spend them?
- Fill the evenings with more projects
- Plan nothing, scroll the feed
- Some for kids and sleep, 3 hours a week on a skill
What you will learn
- Real hourly value: net income ÷ all work-related hours.
- Buy time when the service costs less than your hour and the budget allows.
- Plan freed-up time just like money.
Your real-life step
Calculate your real hourly rate including the commute. Find one task that is cheaper to hand off.
Questions and answers
How do I calculate what my time is worth?
Divide your monthly net income by all hours spent on work, including commuting and prep.
Is time more valuable than money?
Money can be earned again, time cannot. What matters is how much each hour earns and where the rest of your time goes.
When is it worth paying someone to do a task?
When the service costs less than your hour and the freed time goes to work, growth or health.
More trainings in this module
Numbers are illustrative. A game, not financial advice.