The financial value of your time… VIDEO

In this video, Dr. Melissa Gratias reads an excerpt from her book, Love Your Calendar…and be monogamous.

Are you as disciplined with your time as you are with money? Listen to Dr. Gratias as she expands on the concept of ROI (return on investment) of time.

 

Excerpt from Love Your Calendar…and be monogamous

Every fiscal year, most organizations make strategic plans, project future needs, assess past performance, and evaluate current assets in order to create meaningful budgets for financial expenditures in the coming year. During the year, budget variance reports are compiled and return on investment (ROI) is calculated on significant outlays. When an unanticipated expense arises, the first question is, “Can we fit it into our budget?”

Contrast this financial discipline with how you manage your time (and that of others). Do you think about every hour of your day having a cash value? People who bill for their time are typically able to recognize the financial value of time because they know their hourly rate. If you don’t know your hourly rate, you need to calculate it.

 






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Dr. Melissa GratiasMelissa Gratias (pronounced “Gracious”) used to think that productivity was a result of working long hours. And, she worked a lot of hours. Then, she learned that productivity is a skill set, not a personality trait. Now, Melissa is a productivity expert who coaches and trains other businesspeople to be more focused, balanced, and effective. She is a prolific writer and speaker who travels the world helping people change how they work and improve how they live. Contact her at getproductive@melissagratias.com or 912-417-2505. Sign up to receive her productivity tips via email.

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