What do you really earn an hour?
What do you really earn for each hour your work? Why do you care what that number is? Knowing how you much you actually take home an hour, after factoring in your expenses, your commute time, your taxes and health insurance is powerful. I know, for example, that I actually earn $25 an hour. This is not what it says on my pay check! I can use that amount to help me make important decisions. Do I want to pay to go to a restaurant? The meal will cost $75 for all five of us to each, get a non-alcoholic drink and desert. That means the meal costs me 3 hours of work time. Do I think it is worth being away for three extra hours to pay for that meal? Sometimes the answer might be yes, other days the answer might be no. Do I want to buy that new car? It is $30,000. How many hours of work will be dedicated to paying it off? Am I willing to spend all of 1,200 hours of work over the course of paying off the car? That is without interest included? Maybe yes, maybe no. Would it be better t...