Time vs Money

Let us get it out there: time is money and money is time. A lot of people tend not to see it that way and not treat time as if it is as valuable as money. The authors of a recent business book argue that because you spend time in order to earn money, you're also spending time whenever you buy something. If you're a web developer earning $50 per hour, a new iPad doesn't cost you $500; it actually costs you 10 hours of work. And if you make $25 per hour, that iPad is twice as expensive. The key to be able to delegate tasks that you are not good at and focus on the ones that you are. For example, if you run a software development company, you would not be raising pigs and chickens for your bacon and eggs in the morning. The easiest way to figure out its worth is to take your total income from all sources and divide it by 2,000, the number of hours in a standard work year (based on a 40-hour week). If this hourly wage is greater than the cost to pay somebody else to handle a particular task for you, pay somebody else. If not, do it yourself.