Re:What Is Your Time Worth?
by Rebelgecko on Thursday December 10, 2020 @11:17PM
(#25382225)
I agree with both the parent and gp parents to some extent. I put a dollar amount on my free time, although for most people I think it's a mistake to say that the value of my time is $salary/(40*52)
However if you work a salaried job, saving an hour on cleaning won't necessarily increase your income by $salary/2080. Maybe if I spent that time working I'd get a bonus or something, but the hours have diminishing returns.
On the other hand, I used to work at a job where I could choose to work overtime, so it was true to say that if I paid $X more in monthly rent to shorten my daily commute by Z minutes I could treat it as an "investment" by working an extra Z minutes per day.
However if you work a salaried job, saving an hour on cleaning won't necessarily increase your income by $salary/2080. Maybe if I spent that time working I'd get a bonus or something, but the hours have diminishing returns.
On the other hand, I used to work at a job where I could choose to work overtime, so it was true to say that if I paid $X more in monthly rent to shorten my daily commute by Z minutes I could treat it as an "investment" by working an extra Z minutes per day.