fbpx
How Much Is Your Time Worth?
This simple exercise I learned from one of my business coaches, Joy Chudacoff, that changed my life and business. Ask yourself, how much is my time worth? This opened my eyes to what I was really spending time on and I hope it does the same to you!
When I did this exercise I was shocked by how much my time was really worth and how much time in my day I was spending doing things that were $10-$20 per hour. We spend so much of our time doing things that we could delegate so we can work on projects that are ultimately going to make more of an impact in the world. Focus on the right tasks and not only will you make more money but you will be able to help more people with your mission and purpose.

How much is your time worth? I want you think about the answers to the below questions:

1. What is your desired annual salary?

Dream big ladies! The sky is the limit!

2. Divide that number by your work hours per year.

To calculate your work hours per year take the total number of weeks in a year you work and multiply by the number of days in a week you work. Then, multiply by the number of hours in a day you work.
For example: 46 work weeks in a year multiplied by 5 work days in a week, multiplied by 7 working hours in a day = 1,610 work hours in a year.

3. Find your time productive vs. unproductive multiple:

Most people are much less productive than they actually think. It would still be generous to say most people are productive 1/3 of their time and non- productive 2/3. For the sake of simplicity, you might choose to use a multiple of 3 in your calculations above. In other words, take your base hourly number and multiple it times 3 to find out what your time REALLY is worth an hour.

Now, here is a sample calculation of real hourly worth:

Desired total yearly income: $100,000
Divide by work hours per year: 1,610
=Base hourly number: $62.11
Time productive vs. non-productive multiple (3): $186.33

What does that mean?

You might need to start delegating your time so you can focus on those things that are going to make you more money and make bigger impacts at your company or in your business. Consider delegating a project that you normally do to a virtual assistant or start batching your time on social media. Maybe you need to limit checking your email and start saying no to opportunities.
Most importantly, it probably means that you need to ask for more help. No one can help you if you don’t ask.

Hi, I'm Anna!

I’ll help you create a career strategy and plan so you can finally have a job or business you love that supports the life you really want.

Learn More

You might also like…

How To Increase Instagram Followers Organically For Free

How To Increase Instagram Followers Organically For Free

  Are you looking for more clients? Want to know how to increase Instagram followers organically? After you've identified your ideal client and have your offer set up, you'll need more potential clients to consume the great content you keep posting. If you know...

This Morning Routine Checklist Changed My Life

This Morning Routine Checklist Changed My Life

Your mornings matter. A morning routine checklist can change every area of your life (including your health, happiness, finances and relationships). A morning routine will give you more focus and less reactivity. A good morning routine will help you have more in...

How To Get Clients For Your Business (and Keep Them Coming)

How To Get Clients For Your Business (and Keep Them Coming)

  Your ideal clients are waiting for you to start and grow your business! They have a problem you can solve. But, you have to figure out how to get clients first! One important thing to remember is that you could be marketing and speaking to people who will never...

90 Day Planner