Time: the only non-renewable resource you have. Once it’s gone—no matter how you spent it—you’ll never get it back. That’s why the answer to the following question is so important:
How much is your time worth?
It’s a question we don’t think about very often, and when we do we usually get the wrong answer. We often spend our time rather than our money, even when it doesn’t make sense to do so. My dad would spend a couple of hours to save a couple of bucks. “I’d rather that money be in my pocket than theirs.”
But what he was really saying was that his time was only worth about a dollar and hour. Continue reading