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
In business since 1991, Terry Green is the founder/CEO/President of BizEase Support Solutions, an American-based, online marketing support company comprised of a team of talented professionals from around North America. BizEase excels at providing speakers and business coaches worldwide with seamless online marketing solutions, from setting up ecommerce solutions, membership sites, web design and maintenance, to writing blog posts and managing Social Media and PR campaigns. BizEase clients (who span five continents) take great joy in allowing the BizEase team to take care of the details so they can get back to doing what they do best! Click here to get our weekly tips ezine delivered to your inbox every other Friday, with tips on plugins, apps, and tools to make you more productive today!