PennyGem’s Elizabeth Keatinge tells us why experts say you need to figure out what you are worth, so you can stop taking time away from things you want to do.
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00:00What are you worth? That's what one expert says you need to figure out to start delegating
00:08your time better. Literally, you need to figure out your hourly rate. Romy Neustadt tells
00:13Market Watch that this is how you do it. Decide how many hours per week you want to work.
00:17Then multiply that by 52 weeks, which gets you your hours per year. Now take your annual
00:23income and divide that by hours per year, and that's your per hour rate. Once you figure
00:28that out, you'll see how your money is literally being wasted when you waste time. If your
00:32hourly rate is $300 and you spend 30 minutes scrolling Facebook, there's 150 bucks down
00:38the drain. If you want to manage your time better, you may consider talking to your employer
00:43about your work structure. Business Insider highlights a study by Zenefits that says that
00:47in 2018, 78% of employees said that flexible work arrangements made them feel more productive
00:53at work. Forbes suggests having set periods of time to write and respond to emails to
00:59help you manage your time. Say no to requests for phone calls that are not necessary. Choose
01:04meetings wisely. These can also suck the day away if they're not productive. Oh, and if
01:09you figure out that having someone do your laundry or getting a meal service is worth
01:13it when it comes to your hourly rate, Neustadt says, don't feel bad about that and do it.