“Is it worth your time?”
We hear versions of this phrase all the time.
Well now you’ll be able to actually answer that question with a definitive answer!
- Pick a time frame. I suggest going with how often you get “paid.” If you’re an employee, that’s probably some number of weeks (1, 2 or 4). If you’re not on a regular work schedule (speakers, entertainers, etc.), go with however often you do your accounting. For those who have their income on auto-pilot, try choosing a single day (that’s the point, isn’t it?).
- Calculate your income. Simple How much money, on average, do you make during that time frame?
- Calculate your hours. How many hours did you actually spend working during that time frame? Include everything that goes into supporting your income. If you travel for work (to and office, or across the globe), count that time. If you’re on the auto-pilot side of things, only count the time you’re actually doing something (playing on the beach DOES NOT COUNT).
- Do the math. Divide #2 by #3.
This is one of the very first things my mentor made me do when we started working together.
The 3 minutes it took to calculate changed my life forever.
This post is the first in a series of short posts on how to finally get to work on all of those “important” things you keep trying to “get to,” but never seem to have enough time for.
Next Up: The sure-fire way to cut out time-wasters.