PennyGem’s Elizabeth Keatinge tells us why experts say you need to figure out what you are worth, so you can stop taking time away from things you want to do.
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00:00What are you worth? That's what one expert says you need to figure out to start delegating your
00:08time better. Literally, you need to figure out your hourly rate. Romy Neustadt tells MarketWatch
00:13that this is how you do it. Decide how many hours per week you want to work. Then multiply that by
00:1852 weeks, which gets you your hours per year. Now take your annual income and divide that by hours
00:25per year and that's your per hour rate. Once you figure that out, you'll see how your money is
00:29literally being wasted when you waste time. If your hourly rate is $300 and you spend 30 minutes
00:35scrolling Facebook, there's $150 down the drain. If you want to manage your time better, you may
00:41consider talking to your employer about your work structure. Business Insider highlights a study by
00:46Zenefits that says that in 2018, 78% of employees said that flexible work arrangements made them feel
00:52more productive at work. Forbes suggests having set periods of time to write and respond to emails to
00:59help you manage your time. Say no to requests for phone calls that are not necessary. Choose meetings
01:04wisely. These can also suck the day away if they're not productive. Oh, and if you figure out that having
01:10someone do your laundry or getting a meal service is worth it when it comes to your hourly rate,
01:14Neustadt says, don't feel bad about that and do it.