Talking about how much your time is worth -- it's funny cuz I'll figure that out by negotiating with myself. If someone came up to me and said, "I'll pay you $40 to mow my lawn," I might be like, no thanks. But if they say "I'll give you $60" -- then I'm in! There's a fulcrum in there somewhere, pushing the value from one side to the other. When I had roommates, and there was ONE big bedroom, and a couple smaller bedrooms, there was a battle for the big bedroom. I said, "I'll pay $1,000 a month, and you guys pay $800 a month, if I can have the big bedroom." They balked, so I increased mine until I got to $1,200 per month, which was still a deal for me. Then at one point, they said, "How about you pay $1,500 per month, and we'll pay $550 each?" Then I flipped it on them, and said, "Let's switch then, I'll pay $550 for a smaller bedroom, if you pay $1,500." Then they balked. I play that game in my head a lot -- if someone would pay me, would I do it for that amount? Good stuff, Scott!
Great analogy, Dave. And that does NOT include letting them use your egg pan. 😕
I came up with my "worth" while slaving in the paper mill. I kept a goal of how much income we needed to survive with my home business (per day, averaged for 6 straight months) before cutting ties with the "real" job.
Talking about how much your time is worth -- it's funny cuz I'll figure that out by negotiating with myself. If someone came up to me and said, "I'll pay you $40 to mow my lawn," I might be like, no thanks. But if they say "I'll give you $60" -- then I'm in! There's a fulcrum in there somewhere, pushing the value from one side to the other. When I had roommates, and there was ONE big bedroom, and a couple smaller bedrooms, there was a battle for the big bedroom. I said, "I'll pay $1,000 a month, and you guys pay $800 a month, if I can have the big bedroom." They balked, so I increased mine until I got to $1,200 per month, which was still a deal for me. Then at one point, they said, "How about you pay $1,500 per month, and we'll pay $550 each?" Then I flipped it on them, and said, "Let's switch then, I'll pay $550 for a smaller bedroom, if you pay $1,500." Then they balked. I play that game in my head a lot -- if someone would pay me, would I do it for that amount? Good stuff, Scott!
Great analogy, Dave. And that does NOT include letting them use your egg pan. 😕
I came up with my "worth" while slaving in the paper mill. I kept a goal of how much income we needed to survive with my home business (per day, averaged for 6 straight months) before cutting ties with the "real" job.