Reset your Time

Value Your Time, Transform Your Life

Time is our most valuable asset, yet many of us don’t value it as highly as we should.

Often, we let our hourly wage dictate the worth of our time, conforming to the standards of those around us.

This mindset limits us, and it’s time to break free.

Whether you're paid by the hour or per project, how you value your time shapes your life.

Pricing yourself too low can lead to missed opportunities and unnecessary stress. It's time to change this by setting and enforcing an aspirational personal hourly rate.

As Naval Ravikant advises, if fixing a problem will save you less than your hourly rate, ignore it. If outsourcing a task costs less than your hourly rate, outsource it.

This shift in mindset can make your life easier and more productive.

Setting an Aspirational Hourly Rate

Imagine setting your aspirational hourly rate at $100. Here's how this mindset shift can make a difference:

• Task Assessment: If a task like cleaning the house takes 3 hours and can be outsourced for $50, it’s better to outsource it. By outsourcing, you free up those 3 hours to focus on higher-value activities that align with your $100 hourly rate.

• Opportunity Cost: Suppose you're spending 2 hours doing administrative work that you could delegate for $20 per hour. By outsourcing, you free up 2 hours that could be used to work on a project that earns you $200 (2 hours x $100 per hour).

The Numbers

Let’s break down the numbers:

• Cleaning Task: 3 hours x $100 (your rate) = $300 value of your time. Outsourcing cost: $50. You save $250 worth of your time.

• Administrative Work: 2 hours x $100 (your rate) = $200 value of your time. Outsourcing cost: $40. You save $160 worth of your time.

By setting an aspirational hourly rate and sticking to it, you can make more strategic decisions about how to use your time. This approach can lead to increased productivity, higher income, and a better quality of life.

Start valuing your time more, and watch how your life transforms.

Productivity Snippet:

• Have a consistent sleep schedule to need less sleep overall.

• End toxic relationships. Being alone is okay.

• "No." is a complete sentence; it doesn't require explanations.

• Create morning and evening routines to set and end the day well.

Did you find it useful?

Consider sending this to someone who might benefit from its message.

Thank you for reading, and don't forget—come and say hi on LinkedIn!

Until next time,

Georgios Tragkas