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One of the week’s most popular …
Surge Summary: The year is still new, so now is as good a time as any to re-evaluate the worth of one’s time — and take steps to assure that it is not being wasted; in 2021 or any year going forward.
by William Pauwels
Now that you’ve had three weeks to think about it, I hope you have establish your resolutions for this New Year. It’s a good idea to write your goals down and post them on your morning-mirror . . . on your desk . . . and on your day planner.
Another good action – and I bet you don’t do it – is to identify the value of one hour of your time. For example, suppose your projected regular income this year will be $80,000. Divided that number by the number of hours you work to establish the direct value of your working time. If you work 40 hours a week for 50 weeks, divide $80,000 by 2000 hours to establish $40 an hour as the direct value of your working time.
On the other hand, if you desire to earn $100,000 this year, you will have to earn $50 an hour or work 2500 hours this year at $40 per hour.
In other words, know and respect the value of your time. If you take a one-hour lunch break every day, be aware of the time-cost of that luncheon, $10,000 per year! If you work eight hours on Saturday, be aware of the value of that time. Are you getting paid for it? If not, consider a part-time job if necessary to achieve your income goal.
My father, a Flemish immigrant, worked 10 hours a day and eight hours on Saturday, all of his life through the age of 70. Our family prospered as a result. I have emulated this practice all my life.
Are you being paid for the time you are expending? Taking time off has a cost — a big cost — as you consume your most valuable asset — the value of your time. A one-hour nap may cost you $40. Saturdays off may cost you $320 or $16,000 a year! Is it worth it?
Many people will reject this kind of analysis and planning – but it’s a fact of life, unpleasant as it may seem. You cannot escape it.
And one further point. It’s important to secure a job that you enjoy or at least do not dislike. An attitude of gratitude for your job is a habit that will make your time commitment tolerable.
The views here are those of the author and not necessarily Daily Surge
Image: CC0 Public Domain; https://pxhere.com/en/photo/978001
William A. Pauwels, Sr. was born in Jackson Michigan to a Belgian, immigrant, entrepreneurial family. Bill Pauwels is a graduate of the University of Notre Dame and served in executive and/or leadership positions at Thomson Industries, Inc., Dow Corning, Loctite and Sherwin-Williams. He is currently CIO of Pauwels Private Investment Practice. He’s been commenting on matters political/economic/philosophical since 1980.
Don’t let Leftist social media shut us out! Sign up for Daily Surge’s daily email blast … it’ll keep you updated on each day’s Daily Surge new columns. Go to dailysurge.com and sign up under “Free Newsletter” on the right side of the page, one-third of the way down. It’s easy! And like it says, it’s free!
One of the week’s most popular …Surge Summary: The year is still new, so now is as good a time as any to re-evaluate the worth of one’s time — and take steps to assure that it is not being wasted; in 2021 or any year going forward.
by William Pauwels
Now that you’ve had three weeks to think about it, I hope you have establish your resolutions for this New Year. It’s a good idea to write your goals down and post them on your morning-mirror . . . on your desk . . . and on your day planner.
Another good action – and I bet you don’t do it – is to identify the value of one hour of your time. For example, suppose your projected regular income this year will be $80,000. Divided that number by the number of hours you work to establish the direct value of your working time. If you work 40 hours a week for 50 weeks, divide $80,000 by 2000 hours to establish $40 an hour as the direct value of your working time.
On the other hand, if you desire to earn $100,000 this year, you will have to earn $50 an hour or work 2500 hours this year at $40 per hour.In other words, know and respect the value of your time. If you take a one-hour lunch break every day, be aware of the time-cost of that luncheon, $10,000 per year! If you work eight hours on Saturday, be aware of the value of that time. Are you getting paid for it? If not, consider a part-time job if necessary to achieve your income goal.
My father, a Flemish immigrant, worked 10 hours a day and eight hours on Saturday, all of his life through the age of 70. Our family prospered as a result. I have emulated this practice all my life.
Are you being paid for the time you are expending? Taking time off has a cost — a big cost — as you consume your most valuable asset — the value of your time. A one-hour nap may cost you $40. Saturdays off may cost you $320 or $16,000 a year! Is it worth it?
Many people will reject this kind of analysis and planning – but it’s a fact of life, unpleasant as it may seem. You cannot escape it.
And one further point. It’s important to secure a job that you enjoy or at least do not dislike. An attitude of gratitude for your job is a habit that will make your time commitment tolerable.The views here are those of the author and not necessarily Daily Surge
Image: CC0 Public Domain; https://pxhere.com/en/photo/978001
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