For the last 14 years, I’ve used my lunch hour to work out at a gym 10 minutes away.
That’s a 20 minute “gym commute” 4 days a week.
Last week, I discovered a Planet Fitness that’s just 1 block away.
Now my gym commute is 3 minutes instead of 10.
That means, I’ll add 14 minutes of productivity to my day!!!!
Can I get a “whoopty doo” and finger twirl?!?!…
…but wait a second. Let’s do the math.
My “hourly rate” is $400/hr or $6.67/minute.
If I save 14 minutes a day, 4 days a week, 4 weeks a month, that’s $1,493.33.
BOOM!
As a Financial Zen Master, I pride myself on optimizing my ROT (Return on Time).
Saving minutes of your days is inconsequential until you start doing it consistently day-over-day, year-over-year.
If I had joined that gym 14 years ago, I’d be $250,000 ahead of the game!
It pays – literally and figuratively – to value your time like an attorney even though you’re not actually paid by the hour.
Where can you increase your Return on Time?
Can you hire someone at a lower hourly rate to do that thing for you?
Can you cut down the time it takes YOU to do it yourself?
The bottom line is: what is your time really worth?
