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Millyuns

You So Stingy (I Know)

in Millionaire

Calculate Decisions

With time, not money.  To the point where, I’m not afraid to whip out my iPhone X, pull up the calculator, and crunch my way to a yes or a no.  Like, literally calculate the opportunity cost of a call or email or meeting someone for coffee.

You should do the same.  It’s more effective than reminding you not to major in minors.  Which you already know.  But knowing and doing are not the same, are they?  With this, it’s more real.  And therefore, more helpful.

Not rocket science.  Work backwards from your income goal and see what each hour’s worth.  Then, when presented with an opportunity, see how much it’d “cost” you, and make your decision based on that.

For example: if you’re trying to get to one million a year?  And you wanna take three full weeks off each year?  And work 30 hours a week?  Then take $1,000,000 divided by 1,470 hours, equals $680.27.  Bingo, bruh.

That’s what you need to earn for every hour you work, for the next year, to slap that goal on the ass.

Obviously, adjust the numbers to satisfy your dream scenario.

And if you wanna get granular with it, divide by 60 to get your per-minute number.  In this case, it’d be $11.34.  So that 20-minute meetup at Starbucks would cost you $226.80, plus the coffee.  Not so innocent now is it?

And what if the mark was $20 million a year, off 20 hours a week?  Your days’d look a lot different, wouldn’t they?

Sermon over.

About the author: Cory Johnson likes hip-hop, comedy, cold beer, curvy women, and writing. His net worth is $11 million dollars.