gsfish said:
I'm afraid that I totally lost the track on that one. The flea market I frequent usually starts VHS tapes at a quarter not a penny!
I was there to liquidate them, as the less stuff I had to load back into the van the better! I could have sold the books, DVDs, VHS and Cassettes for a quarter each if I had waited.
VJG1977 said:
I take a different approach to calculating the value of my time.
Would that be the cheapskate approach? $0.00 an hour?
To start, I get paid twice a month and my employer lets me know what my work time is worth. For 40 hours a week I earn well above the national average for a Geographic Information Systems Technician and AutoCAD drafter. Notice I said earn not pull, I work for my money.
WOW.
In my free time (look it up), if I had to assign a value, it would be at time and a half my hourly pay. BUT, I do not waste one minute of time calculating the value of my free time because it is meaningless. Every hour and minute would have a different value not a constant.
" if I had to assign a value, it would be at time and a half my hourly pay." Time and a half of my hourly pay?
Calculating the value of ones free time needs to be quick and using basic metrics like "how much will it cost to hire someone to do ____________?", "Can I work more hours of my job to pay the cost of hiring someone?", "will this give me more Real Time?". What I mean by Real Time is if one has a $30 an hour wage, and the mexican day-labourers charge $10 to mow your lawn; which takes an hour. It gives you more Real Time to hire them as opposed to mowing the lawn yourself.
When I landscaped (late 1980’s) I charged $30 an hour, when I did auto repair (mid 1980’s) I charged $35 an hour. If I spend an hour mowing my lawn or changing my oil, what figure do I use, currant cost to have someone else do these task or some fraction of my take home pay.
Use the figures I outlined in my first post, post #1.
Another way to look at it is, if I were not mowing the grass what would I be doing. If the answer is sitting on my A$$ watching TV, I’ll let you assign a value.
If you enjoy mowing the grass, with the experience being a net gain I have no problem with that.
There is such a thing as busywork which I work to avoid when feasible and possible. I do not like working for the sake of working, keeping myself busy for busys sake.
The hours I spend with my wife before and after work are priceless. You could save for a year and not buy one minute of it.
Very true. Many people work themselves to death so they can have the big house, the luxury cars, the annual 2 week vacation to another continent and will have little to no family time to look back on.
The experience of time passing is itself a variable. I bet a year seems like a long time to you. As you get older the years go by much faster. I turned 62 on April 2nd and decided to work four more years and retire at 66.
Already the weeks are flying by, in the sense that it's already Thursday. People wonder why I desire to get onto the road and LIVE ASAP.
BTW: These are the best years of my life, young and relatively fit. No worn out body like many people in their 70s. So in terms of value these are the most expensive years of my life. Being a wise boi, treating finances like a business, and living for today will pay dividends to having a full and rich life. How much will you need to be paid to voluntarily sit in prison for a year? For me it would be at least a few hundred thousand paid to spend a year in prison (for commiting no crime).
By the way, I spend less than 10 seconds a day cleaning my razor, that’s about one hour a year and the razor last over a year. I don’t know how much that saves because I’ve never used more than 3 or 4 razors a year. I got the idea from Clark Howard (a self-made millionaire) Google him or look at
https://en.wikipedia.org/wiki/Clark_Howard
https://en.wikipedia.org/wiki/Clark_HowardThat is pretty easy to calculate. To be clear is it one dispo razor a year or 3-4? Lets be honest and not downplay or omit the work required to save.
Say a 12 pack of low-end disposable razors cost $3 at regular retail price (yes I know they can be bought on sale or with coupons but for this calculation we will use regular retail price) each razor out of the pack is $.25. 10 seconds a day times 365 days is 3650 seconds, 3650 / 60 is 60.83 minutes.
Many guys use one dispo razor every week or two.
Guy A: Uses 1 disposable razor a year for a money cost of 25 cents a year, and 60.83 minutes to wash said razor plus the cost of water (if one fetches water for $0.00 a gallon be sure to include the cost of time and fuel to fetch the water).
Guy B: Uses 48 disposable razors a year for a money cost of $12 a year, and doesn't have to wash the razor everyday at the cost of time and water.
Both Guy A & B have identical shaving patterns, shave schedule and use the same brand and style of disposable razor that they buy in packs of 12 for $3 a pack.
VJD1977, what is the cost of the water to wash the razor each time (we're going to account for that too like a business would)?