The price tag is your hours converted into another sort of number
Let’s say we pass something we really like, and it has quite the price tag. We may have the money right away, an amount we have saved up for a while, or we may not and decide to save for this dreamy goal thing. Regardless of what, chances are very high we will have to trade our time to get this thing.
Together, let’s go through this “philosophy” of trading our time to get paid and ideas of how we can get change this sort of lifestyle. Lately, since I got my eyes up for this, I changed my goals and vision for life itself. Maybe it will for you too. Now, grab something to drink, whether it is a hot cup of tea/coffee in the chilly morning, or a cold freshly pressed orange juice during the hot noon.
What does this mean?
Is there another way? Basically we discuss the whole scenario of 9-5, which is an overly used term we find everywhere. “Trade 9-5 and become an entrepreneur instead,” and so on. We find similar sentences in papers, on social media and in discussions. What this sort of expression often refers to, is us trading our precious time into a salary, a monthly wage or an hourly one. Anyhow we tend to be able to get an average of what our hourly salary is.
Different kinds of work
I remember when I worked within sales, and 100% on provision. Among the coworkers many expressed their gratitude of getting paid by their effort rather than a closed amount per hour spent doing just “anything”. While I had not much experience in general of work at the time, I never came to really appreciate this sort of work at their level. Instead I also looked forward into this sort of job with “safety”, which getting paid by hours can be in some eyes. Mine too, at the time.
One difference is obvious. To reach a decent monthly salary, one may have to trade 150 hours a month to achieve this – while the provision-based employee may spent nearly half yet achieve the same, only half of it! (or double the amount). I dare to point out it is just like any other investment. The greater the risk, the higher the greater the reward (can be).
While attending a workplace where effort is valued in salary, I could push extra energy within a shorter span of time and truly get magnificent reward. At first I loved the idea at my new workplace, where I could count approximately about how much I would earn at the end of the month. I had so and so many hours, about a few more or less and all I had to do was what said in the description. Basically just spend my time at a particular place in order to get the reward – money. Soon though I noticed that it would barely matter how much effort I did put in, or how little, as I would gain about the same anyhow. Even if I did grow to a greater position and received bonuses, this is such a “small” amount compared to getting paid by 100% of our efforts, that I began to wonder if it is worth getting exhausted at a work, giving everything I have while there truly is a roof of what I can achieve money-wise.
To have a roof
Again, one thing of never having a roof often means never having a bottom either. No roof to stop us but no ground to catch us. The greater the risk the greater the reward. But by being at a 9-5 job, paid hourly, it often means a roof and a ground pretty much close to each other. Even in cases of great bonuses. There is this sort of span of money and time that sort of goes for everyone. No matter the kind of employment or type of job. Most people in regards of what I have noticed, spent about 150 hours a month at work, and get paid between 20-300 dollars/euro per hour. Those with 300 are often the ones who has worked for many, many, many years and made great sacrifices.
I will share later down in this post how my thoughts go and why I told my boyfriend that I probably was not too invested into advancing “too much” at any company even though I of course aim to earn a lot of money in the future (like many others).
How to make my hours more valuable?
Alright. A fact. We all have the same amount of time during a day. No one has more time than another one. To think otherwise I would personally love an article about someone who managed to create 25 hours per day and how I can too. 😉 What differs between us is how we spend these and what we prioritize. So, if we for example earn 20 dollars per hour, and work for an average 8, that would be approximately 160 dollar a day. If we wish to earn more money, most people immediately look for an extra job where we can trade further hours into a result of more money. Trading two more hours a day means 16 more dollars a day and probably about 70 more dollars a month.
What if we want to earn our yearly salary during ONE month?
But, what if we want to earn… let’s say 20.000 dollars a month? (Yes, this IS a high salary for today’s money’s worth), but let’s speak theoretically. So, 20.000 dollars a month with an hourly income of 20 dollars is not even possible. Because guess what – we do not have 10 000 hours a month. Nobody has at this place called Earth (let’s not get into time-mathematical theories in space and etc.). Which means that the ONLY way to achieve 20 000 dollars a month if we firmly stick to the want of getting paid by hours, we must increase our hourly wage. We must get valued more. WE must value our time more.
Instead of an hourly salary of 20 dollars, for 150 hours we roughly speak of 134 dollars per hour. We need to ask ourselves questions of what we can do to increase ourselves to this level?
Also, keep in mind that we put a prize on our time all the time. Let me go through this with you all.
What is “putting a price on our time?” What does this mean?
Looking at chores like this/Worth my time like this? If we get paid 20 dollars per hour and need to remodel our bathroom. To do so we need to take time off our job and stay at home for two weeks. Calculate this to instead hiring a person for 10 dollars per hour, and can finish this within a week? Or if the person charges 40 dollars per hour, etc? Also comparing to what such a job will do to our health?
Compare and calculate
This is a section where I believe many people must improve when it comes to comparing. We must ask ourselves questions like, “Is it worth it?”. Even if there may be a good prize on having a driver, for example. It can totally be worth it if we learn to spend those 30 minutes freelancing a copywriting project that makes us earn 700 dollars. We pay the cab driver 200 dollars but gain (less than) 500 – taxes and so on. I think everything is like a weight-in, checking which one is more profitable. But in the end of the day, we do put a prize on our time.
This provoked me
I once saw a youtube video of a person almost provoking me with how he expressed himself – saying that to increase our own hourly value we must stop doing the jobs that does not match up to the hourly wage we aim for and so on, to outsource them. I thought it sounded stupid and that it must be much better to do it all by myself than giving away money like that.
However now I realize it was never, and never will be, money that I gave away. I gave away my time.
Again. Let’s together go through how this can be. How we are giving away time rather than money.
How are we giving away time?
Vacation, other expensive things – means 10 hours at work to be able to work? So, an example. We pass a window and see these beautiful shoes, real estate or whatever item/experience we wish for together with a price tag. How many hours must we work to achieve that?
“But I have ten grand extra in my account,” – But how many hours would we have to spend at work to regain those ten grand?
“But I won them at the lottery,” – Again, how many hours would we have to spend at work to regain those ten grand?
“But Mom gave those to me,” – Worse! How many hours does our dear Mom have to work to regain those ten grand? Or how much DID she work to get those?
Be cautious of the time
When it comes down to it, I nowadays even find it difficult to accept a shirt by a loved one. I can see an hour spent in their life, or a day. And I would rather have them keep that money and be able to spend that hour, or day, with me – than to have it in a materialistic form – a shirt. Do you now get it?
It is true that we need basic things. But when it comes to it, it is a constant trading we do. And we need to be cautious for what we trade for. At least being aware of what we do when we buy something, or get something by someone else. What is true to ask for, and ask of ourselves?
When I receive money – I take their time, and form it into a shirt. I don’t “get” the shirt. I get their time in a materialistic creature that I wear.
How do I get paid by value instead?
There are of course different ways. The best is to invest in ourselves and read different investing books/go to seminars, educate ourselves in how we can expand or charge a higher and higher amount for our greatest attributes.
When I saw the question of looking at the path I am at right now, quickly skip 20 years and see further ahead on this path where I would be then – this caused me to look at life a bit differently. I saw more trading hours, more work and obviously a higher salary. Yet, for the time I have here in life, how much or little that may be, I did not find it worth it to trade such a high effort and energy into “only” achieving that. Even the highest CEO does not really in my opinion earn the best according to what must be sacrificed for that level. So this lead me to think that I better watch every moment of my life and make sure that it is valuable. Because time is not something we get back – at least with the technology we do have by today.