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We must understand our true hourly wage from "summary" of Your Money Or Your Life by Joseph R. Dominguez,Vicki Robin
To truly grasp the impact of our spending habits on our lives, we must delve deeper into the concept of our hourly wage. It is not enough to simply look at the paycheck we receive every month; we must consider the true cost of our time spent working. By calculating our true hourly wage, we can gain a clearer understanding of the value of our time and how it is being spent. Our true hourly wage takes into account not only the hours we spend at our job, but also the additional time we dedicate to work-related activities such as commuting, preparing for work, and unwinding after a long day. When we factor in these hidden costs, we may find that our hourly wage is significantly lower than we initially thought. Once we have a clear picture of our true hourly wage, we can begin to evaluate our spending habits in a new light. Every purchase we make is not just a matter of dollars and cents, but a reflection of the time and effort we put into earning that money. By considering our purchases in terms of hours worked, we can make more informed decisions about where we choose to allocate our resources. Understanding our true hourly wage can also help us reassess our priorities and values. Are we spending our time and money on things that truly bring us joy and fulfillment, or are we simply caught up in the cycle of consumerism and materialism? By aligning our spending with our values, we can lead more meaningful and purposeful lives.- Our true hourly wage is a powerful tool that can help us gain a deeper understanding of the relationship between time, money, and happiness. By shining a light on the true cost of our time, we can make more conscious choices about how we earn and spend our money, ultimately leading to a more fulfilling and balanced life.
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