How much is your time worth?

A year or two ago I was introduced to the idea of valuing your time. When I say valuing I don’t mean simply thinking your time is important, but trying to put a dollar figure on each hour. We all know our time is valuable, but how much do we think it’s worth. Some people argue an hour of their time is thousands of dollars, others don’t value it much at all. I like the concept of this because it makes me think a bit more critically about what I say yes to and what I don’t.

Increasingly (for better or worse) I decide to skip social events I’m not too keen on because I don’t want to ‘waste’ my time; I’d prefer to spend that 3 hours sleeping, or doing some work. I think this is a nice little exercise to just remind ourselves that time is our only truly non-renewable resource, and we should value it highly.