Time is Money: Volume One

Time is Money: Volume One

By In Blog On August 4, 2017

A while back, I took some time away from the office. I love what I do, I love our clients and I love the role HD Davis CPAs plays in the community. At the same time, though, I love being a part of different nonprofit organizations, I love the friendships I’ve made through area memberships and I really can’t put a price on the time I spend with family. That’s when it hit me — have I been giving my time the same value and attention that I give to my business?

That very subject has become a greater topic of conversation over the past few years. I know some individuals who negotiate for more vacation or PTO time instead of a higher salary. There is tremendous inherent value in being in control of your time and having the freedom to make that choice. Unfortunately, though, the choice isn’t always clear — quite a few people will choose the cheaper, slower flight or the hotel that saves money but puts them further from their conference, meeting or seminar.

That’s why I love some of the new online tools and calculators being developed. One, created by Clearer Thinking, provides an estimate for how much an hour spent completing a neutral task costs. The tool is very easy to use:

  • Answer a few questions about your job: how much do you work, how often do you work and how much are you compensated for that work
  • Answer a few questions about hypothetical situations that involve the use of your time and the amount you’d pay to save time
  • Enter your e-mail address for a customized report

Once you’re done, you’ll get a tool that shows you exactly how you value your time. If you’re like most people, you’ll find you place a higher value on your free time than on what you’re currently making for each hour of work.

Hey, I’m right there with you. That’s one of the reasons I love the services — and service — we offer at HD Davis CPAs. Sure, we’ll save you money through tax preparation and planning, helping you manage your wealth and save for retirement, both by performing the services and making sure you keep as much of your money as possible.

Even more valuable, though, is the time and aggravation you’ll save by using HD Davis CPAs. We’ll get your work back to you promptly, respond quickly and make sure that you’re not losing value on your free time by worrying about your money.

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