I’m teaching my kids to understand how much their time is worth.
If I make $10/hour at a job, my time is worth $10.
If I go out to lunch and it is $10, that means I have to work for an entire hour to pay for it.
If I buy new shoes for $100, that means I have to work for 10 hours to pay for those shoes.
We lose sight of how much our time is worth. Once you know that number, it changes your view of the world. It is a number that reminds you that your “free time” is never free. It is a reminder that sometimes it is more financially sound to delegate out tasks that someone else could do faster.
It is a reminder of the importance of prioritizing your goals and the tasks that go with them.