# How Much Does Your Life Worth?

“Your Money Or Your Life” is one of the personal finance books I read during my undergraduate time. The ideas outlined in the book were new and interesting to me during that time, particularly the ideas of “real” hourly pay and life energy.

If you haven’t read that book, you might be asking what the hell is “real” hourly pay? Is there a “fake” hourly pay? Well, let read on and see whether the answer will surprise you.

The idea of “real” hourly pay is simple; it basically means you need to consider your extra expense and time you incur when you are holding a job when you are calculating your hourly pay.

For example, if you are getting \$1,600 a month, working 20 days per month, 8 hours per day, you might come to the conclusion that:

Hourly Pay = \$1,600 / (20 X 8 hours)

= \$10 per hour

1.) Traveling: 2 hours per day, 40 hours a month

When calculating your “real” hourly rate, you will need to consider the time and money spent due to you holding a job. For example:

Unless you are the minority who are working from home, you will spend some time every workday travel from your house to your work place. Assuming you spend 2 hours per day traveling to and fro your workplace.

2.) Business attire: \$100 per month

Obviously you won’t be wearing your T-shirt and short pant to impress your boss and client when you are climbing the corporate ladder. So, let’s assume that you buy a decent business attire every 2 months, and that cost you \$200.

3.) Business lunch: \$4 a day, \$80 a month

Let’s face it, packed lunch at workplace are more expensive than your home cook meal. And we are not even considering the health issue involved if you can only get junk food for lunch around your workplace. Let’s assume that you spend \$4 more a day if you buy your lunch from workplace, and in a month, it is \$80.

4.) Relaxation: 1 hour and \$5 a day

So, you finally finish your work, you sit through the peak hour traffic jam, and step into your house. Are you coming home more energized that the morning and all ready to spend quality time with the family or you are insanely busy at workplace today and you need a beer/popcorn/cake/TV to relax yourself first?

I am guessing here, let just say you spend one hour and five dollars a day to relax yourself after work, which is 20hours and 100 dollars in a month.

5.) Work related sickness: \$100, 10 hours per month

Do you have any work-related sickness either physically or emotionally that require long-term treatment? Let’s assume you spend \$100 and 10 hours a month to treat or prevent work-related sickness.

6.) Others: \$100, 20 hours per month

Any other expense that you think is work-related in your situation? Childcare? Laundry? Housekeeping? Car maintenance? Time spent on fighting with your partner due to stress at work? Everyone’s situation is different and you will have to find out yourself what other expense (either time or money) that occurs because of you holding a job. For the ease of calculation here, I will pick an arbitrary number of \$100 and 20 hours per month.

So, now let’s calculate your “real” hourly pay:

Monthly pay: \$1,600

Working hours: 160 hours

Traveling: 40 hours per month

Attire: \$100 per month

Lunch: \$80 per month

Relaxation: \$100, 20 hours per month

Sickness: \$100, 10 hours per month

Others: \$100, 20 hours per month

The “real” working hours = 160 + 40 + 20 + 10 + 20

= 250 hours

The “real” monthly pay = \$ 1,600 – \$100 – \$80 – \$100 – \$100 – \$100

= \$1120

The “real” hourly pay = \$1120 / 250

= \$4.48 per hour

So, here you are, your “real” hourly pay you are getting now. Is it less than what you expected or more than what you expected? The idea you need to keep in mind here is remember every time you spend \$4.48, one hour of your life energy investment is gone forever. I bet you will think twice next time when you see that fancy smartphone that cost you 40 hours of your life!

Filed under Passive Income

### 10 Responses to How Much Does Your Life Worth?

1. It is in point of fact a great and helpful piece of info. I am happy that you simply shared this helpful information with us. Please keep us informed like this. Thank you for sharing. bottega veneta outlet http://www.bvbagstore.com/

Thanks.

2. Hеllo, all the time i useԁ tо
checκ blog posts here in the eаrly hours in
thе break οf day, as і enjoу tο find out
more and more.

Also viѕit mу homepage thomas belesis

3. We’re a gaggle of volunteers and starting a new scheme in our community. Your site provided us with useful information to work on. You have performed a formidable process and our entire group shall be grateful to you.

My pleasure.

4. Oh my goodness! an amazing article dude. Thank you Having said that I am experiencing concern with ur rss . Do not know why Unable to subscribe to it. Is there anybody finding identical rss challenge? Anyone who knows kindly respond. Thnkx

cheap jordans shoes

http://cheapchinajordans.islamic-pride.com