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Ask HN: What do you value your time at?

4 pointsby karamazovover 11 years ago
Time and money aren&#x27;t always fungible, but I find it helpful to keep a number in mind in terms of opportunity cost.<p>How do you value your time, either at work or your leisure time?

2 comments

kremdelaover 11 years ago
When freelancing at an hourly rate, I often use that same calculation for everything that I do. That $15 cab ride will save me 20 minutes on the subway, maybe I can figure out a way to work more efficiently and bill that time?<p>I no longer find the mentality of wanting to make that calculation productive. Treating my time like such a scarce resource makes it hard for me to &quot;waste&quot; my leisure time. My rational self questions why I choose to &quot;lose&quot; 6 hours rock climbing, when it&#x27;s something I completely love, but had to trade off many other things I could have done.<p>Similarly, it&#x27;s a huge reward for me if I can get hired for 40 hours of Android development project that&#x27;s going to &quot;cost&quot; me an additional 10 hours of un-billable time to be &quot;forced&quot; to learn something that I&#x27;ve wanted to, even if I&#x27;m &quot;losing&quot; more than it would have cost me to pay for some Android dev workshop.<p>I&#x27;m in my early 30s and personal time seems to have shrunk. I now cherish grabbing a beer for 45 mins after work with my childhood best friend, because he has kids. When ten years ago we would have thought nothing about wasting hours.<p>My point is that when I was eager for it, dollars were a great metric for my hourly value. Now, personal enjoyment, or feeling like I&#x27;m doing something valuable with that time has a much greater importance.<p>That&#x27;s my $0.02.
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dwdover 11 years ago
A way to maximise leisure&#x2F;family time is to eliminate doing things that you can pay a service to do for considerably less than your opportunity cost. Just remember to account for the income tax you will have to pay when comparing costs.