Day 210 - A formula for buying time https://golifelog.com/posts/a-formula-for-buying-time-1627529471191
Money is infinite, time is limited.
If we look at it purely from a cost perspective, I should really be buying anything that costs less than the amount of time I spend on it, based on my aspirational hourly rate.
(A × B) − C
where
A = Amount of time spent doing it myself
B = My aspirational hourly rate
C = Price of product/manpower
What time can I buy now, as a baby start? Perhaps:
• A few hours of virtual assistant time every month to do absolutely boring admin work
• If public transport takes twice the time or more than a cab, I’ll take a cab
• Paying for grocery delivery - the time it takes to commute to the supermarket takes longer
Any other suggestions?
If we look at it purely from a cost perspective, I should really be buying anything that costs less than the amount of time I spend on it, based on my aspirational hourly rate.
(A × B) − C
where
A = Amount of time spent doing it myself
B = My aspirational hourly rate
C = Price of product/manpower
What time can I buy now, as a baby start? Perhaps:
• A few hours of virtual assistant time every month to do absolutely boring admin work
• If public transport takes twice the time or more than a cab, I’ll take a cab
• Paying for grocery delivery - the time it takes to commute to the supermarket takes longer
Any other suggestions?