I spend a lot of time fixing things, for myself and others. (Computers, electrical, plumbing, etc). While I learn a lot, I wonder sometimes if it would be better to pay a professional and do something else for which I am more ‘valuable’. Do you do the same, and do you find it worthwhile?
Unless you’re actually using the time that it frees up to make more money, that’s not a useful exercise. If you’re just thinking that you could make more money, but you didn’t actually do it, then you’re just paying to have time to - whatever it is that you do with that time. Which could still be valid, but it’s a different judgment proposition.
you should see my YT. I’m not even american!
Confucius once said “choose a job you love, and you will never have to work a day in your life.”
If you love what you do, the rest will follow.
$100 per hour.
The company I work for makes roughly 10m in revenue.
There are 2000 work hours in a year.
There are 50ish total employees.
So 10m÷2k÷50=100.
It’s not that simple, at all. Who pays the office rent? The insurance premiums? The corporate taxes? Buying equipment? Paying for time off? Etc.
I dont know if everyone at the company contributes equally to revenue. For example, if you are an engineer or in design work or QA, I assume you contribute much more than middle management or supervisors.
I don’t think it would be much of a company without the admin spending time hiring, or invoices being sent, or various other non billable things being done.
The installation technicians would have a hell of a time getting work done without the project managers doing all the preplanning.
There’s no middle management, I’m supervising one colleague and basically make sure he has an appropriate workload that he can complete efficiently and competently.
I always think in terms of time, and I have a spreadsheet to track my “actual hourly” i get from work and side hustles so I can know which are working best for me. When evaluating items to buy, I think about how much time it would take me to buy the item instead of the amount in dollar or whatever since the dollar’s value changes with time. This also helps me because I generally try to not think in USD to begin with since I mostly use Bitcoin. At first, I tried thinking in BTC but it’s volatile enough that this is not much any better than thinking in USD. Tying things to hours makes more sense. If you know your “average hourly” it’s easy to determine whether or not to fix something yourself or hire somebody else to do it.
