CNN reports:
In a typical family sedan, every 10 miles per hour you drive over 60 is like the price of gasoline going up about 54 cents a gallon. That figure will be even higher for less fuel-efficient vehicles that go fewer miles on a gallon to start with…
I have contemplated this concept many times during my commute as it consists of mostly highway driving where the speed limit is 70 miles per hour. I have a 6-month-old son at home and when I am not spending time with him (and my wife), I am teaching, studying, doing research, reading, blogging, or catching up on the world of sports. Any time spent otherwise is time away from these activities. In other words, since I highly value my time, I am not willing to spend a great deal of time doing things that detract from these activities. While I have never taken the time to figure out precisely how much it would cost me to slow down, it is undoubtedly not enough to compensate for the lost time.
No kidding. I can’t stand how some people will spend so much time to save so little money. People really need to calculate the value of their time.
How much is a person’s time worth? It looks like I am not the only one asking.
I spent too much time trying to “sort out” an investors mistake …. writing letters to head office, phone calls i.e. time away from “my family, my time.”
How could I calculate the worth of this time for compensation they are offering me?
Thanks if you can help. And of course, thank you very much for your time. Tammy
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