Shape Your Success

Just for a moment, think about this…

When you know the cost of money, you become much more sensitive in how you spend and save that money.

Every day, you’re trading your life energy for money (hours of breathing, effort, etc) and it’s energy you’ll never get back. In fact, you spend the most precious internal resources you have in exchange for that money.

Today’s experiment is based on part of a process written about in the book Your Money or Your Life by Joe Dominguez and Vicki Robin.

This Week’s Experiment:

1. Engage in a calculation of the true cost to you of every currency that you spent. (e.g. life energy, dollars)

2. What is your total earned income in one month (after taxes)? (Do not calculate in passive income)

3. From your earned income, subtract the expenses you would not have if you did not work in the way you do to earn this income. When you’ve made all the deductions, you’ve arrived at your true net income.

(For example, do you dress up for your job? Do you have to wear a uniform? Do you eat out for lunch? How much does it cost you to commute?)

4. How many hours do you invest in your work in one month? (Include time spent thinking/worrying about work and winding down from your job and commute home.)

5. Finally, divide your TRUE  net income by the total hours invested in working the way that you do to arrive at your TRUE hourly wage.

( For each hour you invest in working, this is the return you get. Each time you spend this amount, you trade your energy and limited time on earth.)

Now, each time you spend ten dollars, you can be aware of the investment of life energy you’re really making. If you’re like most people, there are areas you’ve been over-investing your life energy, and other areas where you’ve not been investing enough. Simply knowing your true hourly wage and the cost, in terms of life energy, of every dollar you spend, will help you to spend, invest, and save more consciously.