I love it when Tom says what I’d like to say in 200 words or less!
WHAT’S YOUR TIME WORTH?
I read a story about a flight attendant who gets $43.00 an hour serving first-class passengers from San Francisco to Hawaii and I wondered how much that was in a yearly salary. Based on a 40-hour week for 50 weeks a year – 2,000 hours – that comes out to $86,000 a year.
Here are some more yearly-salary to hourly-rate computations: If you make $25,000 a year, every hour of your time is worth $12.50. If you make $50,000 a year, your time is worth $25.00 an hour. $75,000 a year means an hour is worth $37.50. And $100,000 a year is equal to $50.00 an hour.
At $75,000 a year, a fifteen minute trip to the copier costs $9.38. Even at $50,000, waiting for someone to pick up the phone costs 42 cents a minute. When your party puts you on hold for “just a second,” it can add up and cost you big time. Even reading this Ezine (about a minute) an executive making $75,000 spent 62 cents.
In a year’s time, you can save a whole lot of real money by delegating some of your more mundane tasks to an assistant. Your time is valuable. Use it wisely.
From The World’s Shortest Ezine by Tom Letourneau (800) 845-7553 / www.TomSpeaks.net