Have you ever asked yourself: "What am I worth?" Having just graduated college, I find myself asking that question and being unsure of the answers I present. What do you measure your self worth in terms of? Does your income matter?
Well, for me, income does matter. After all, income is what determines what age we can retire at, and what kind of lifestyle we can lead. A person with more income has the ability to go on a trip, go to shows and museums and most importantly spend less of their time doing menial things. For me, income = time, the more income I have, the more free time I will have at some point in my life. I might be trading in some time now for some time later, but the more money I make, the more free time I will have.
Some people think this is silly, but think about this: "How much time do you spend cooking, cleaning and generally upkeeping your home?" Now, what if you made enough money to hire a maid, a lawn-care specialist and be able to afford to eat out more often? Think about having all of that time free to use as you please. Now multiply that amount by however many of the unit of time you picked (I'm assuming most of you thought of this in terms of free time per week or month) that you will have until you plan to retire. Now for most people that will be an unbelievable amount of time.
For example, I'm kind of a slob and only spend about 10 hours a week maintaining my home. Now if I were to retire at 65 that would mean that I would spend 21,840 hours maintaining my home. This is assuming that I will never have a good spring cleaning or a move or a big party (you know, stuff you can pay other people to clean up or carry stuff for you). 21,840 hours is about 2 and half years. So if I were to make enough money that I could hire a maid and a lawn-care specialist and so on, then I would be buying 2 and half years of my life.
This was just a thought that popped into my head and I figured that I should share it with all of you.
Well, for me, income does matter. After all, income is what determines what age we can retire at, and what kind of lifestyle we can lead. A person with more income has the ability to go on a trip, go to shows and museums and most importantly spend less of their time doing menial things. For me, income = time, the more income I have, the more free time I will have at some point in my life. I might be trading in some time now for some time later, but the more money I make, the more free time I will have.
Some people think this is silly, but think about this: "How much time do you spend cooking, cleaning and generally upkeeping your home?" Now, what if you made enough money to hire a maid, a lawn-care specialist and be able to afford to eat out more often? Think about having all of that time free to use as you please. Now multiply that amount by however many of the unit of time you picked (I'm assuming most of you thought of this in terms of free time per week or month) that you will have until you plan to retire. Now for most people that will be an unbelievable amount of time.
For example, I'm kind of a slob and only spend about 10 hours a week maintaining my home. Now if I were to retire at 65 that would mean that I would spend 21,840 hours maintaining my home. This is assuming that I will never have a good spring cleaning or a move or a big party (you know, stuff you can pay other people to clean up or carry stuff for you). 21,840 hours is about 2 and half years. So if I were to make enough money that I could hire a maid and a lawn-care specialist and so on, then I would be buying 2 and half years of my life.
This was just a thought that popped into my head and I figured that I should share it with all of you.
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