What's your time really worth?

Whats your time really worth?

A 100K a year as an employee is really worth about 1200 per week in income after you pay all your hard earned money to Uncle Sam. Then you have to factor in hours per day spent commuting, gas, childcare, dry cleaners, lunches, etc. If you work from 8 to 5 like 90% of the world (you can add 2 hours for commuting) so you're really working about 50 hours per week on average. So your hourly rate is really about $24 per hour. If your miserable in your job is $24 per hour really worth it? If you have children you can add another $200 to $400 a week to your net income, bringing you down closer to $18 an hour. So the question you have to ask yourself is a $100K a year really all that important or would you rather live on purpose and do something you enjoy. Personally, I would rather make $5 per hour and be happy than $100 per hour and be miserable. Also, with a job, you are not building any equity, so your really renting your time instead of owning it. With a home based business every day that business grows, so does your stock. You can will it, transfer, or sell it to the highest bidder down the road. The choice is yours, but do you want to rent your time or own it?