Put a Price Tag On Your Info, Time and Advice

Published: Aug 19, 2004

Application

We all know the value of a dollar.

Why not calculate a dollar amount for a unit of your time? If your time is worth a hundred or more dollars an hour you and others will treat it with more respect.

How to obtain the dollar amount?

Select activities having a clear start and stop time, then, estimate the value realized from the time spent on each. Ask others how much they would pay you for the time expected to do a specific project. How much would you pay someone else to do that activity? Research the average rate paid to others for a similar activity.

You may be able to determine a general overall fee or your value may vary as you categorize your findings. For instance, tidying office papers that only you can do would have a low value, especially if you were to do it for someone else. Writing ad copy would have a high value and making critical decisions would earn top dollar value.

Why do all this?

It causes you to place a mental price tag on all your actions.
You create a simple value system for sorting priorities.
Occasionally referring to your dollar value convinces yourself and others of the value of your contributions.
You have a clearer incentive to be more discriminating in your task selections.
Goal setting becomes just a matter of steadily increasing the dollar value of your time.

Stories

Stories from members will add great value to these maxims

Please post your story by emailing it to max@unclemaxsays.com.

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Outcomes

You become a more valued person.
You view time management in more concrete terms.
You will eventually get a raise.

Put a Price Tag On Your Info, Time and Advice

Application

Stories

Outcomes

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