What Is Your Life Worth? When To Outsource…
“When you have a dream,
you have to grab it and never let it go!”
Carol Burnett – Actress
What is your Life Worth?
Where did the last year go? It’s horrifying how fast life slips by, isn’t it?
Did you notice that the kids had suddenly grown up and you’re worrying about your pension?
And what did you achieve last year? What did I achieve?
Well, I’m not going to ‘wash my dirty laundry’ just here, but I know that I would like to have achieved much more than I managed!
You too? Well, think on this then…
How do you value your life? And your time?
Do you earn what you are really worth? As much as you should be paid?
And just… How Much Time Do You Have?
We all have exactly the same amount of time each day…
Are you spending your time…
…or investing it wisely?
Here’s another thought:
Poor People spend Time to save Money…
…Rich People spent Money to save Time!
Which are you?
How Much Are You Paid?
Please can we play a little game? But one that is DEADLY SERIOUS!
Fill in the numbers below — I think you’ll get a something of a shock!
A: How much do you earn each year? $£ …………………
B: How many hours do you work a day (inc travel)? ……………………
C: How many days do you work a week? ……………………
D: How many weeks do you work a year? ……………………
Z: The number of hours you work a year = BxCxD= …………… Hrs
Now work out your hourly rate = A = $£______ = …………… $£ /Hr
. Z ………Hrs
This is the Hourly Rate which you are selling or trading your time for!
=> And this is your ‘Outsourcing Cut-off Rate’
. (more on that in just a moment…)
At a recent meeting, one business owner worked out that, although he was on a good salary, his effective pay was just £6.78/Hour!
What is Your Time Really Worth?
Before we go any further, let me just pick up on something Armand Morin pointed out at the Internet Success Bootcamp I recently presented in London.
Armand noted that, using his simple repeated and tested formula, he spends only 15 minutes or so preparing a landing page and Adwords campaign for marketing an Affiliate (someone else’s) product.
And just one such product recently earned him around $22,807 in a year.
On that basis – and let’s be conservative and say it actually took him an hour – he earned something like…
$22,000 an hour!
And that’s how he makes $15M-plus a year!
How About You?
And don’t think that Armand’s earnings are out of your reach.
Do you see that you – yes YOU – could do this through an Internet Business, an off-line business, Property Investment or other business.
And don’t think that “oh, that’s for the clever people – I couldn’t do that!”
This is for Real People – like you and me – the Internet ‘gurus’ all started with next to nothing – or chucked in well paid jobs to start their own businesses.
So why don’t you invest more of your time building your wealth?
People often focus on the short-term goals, rather than the long term – this can be driven by the need for cash-flow to pay the bills. But it also reflects a lack of focus and priority.
But back to today’s subject…
When to Outsource
· If you can get a job done by someone else for less than your
‘Outsourcing Cut-off Rate’…
· (especially if they’ll do it faster/better)…
· Then you can spend your time on more valuable things…
=> Outsource it!
You can outsource just about anything these days, with the help of the Internet. So which should you outsource?
Well, just think what you’re good at and that will earn the kind of returns we discussed earlier in this post – and focus your time on those activities.
And Outsource everything else!
I’ll show you some of things you can easily outsource and how to do it in future blog posts.
© John Thornely www.johnthornely.com 2008
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Profit From The Internet – Fast, visit
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