Let me begin by asking a very simple yet a pertinent question? How much is time really worth to you? Or what is the value of your time?
The answer to the first question will, of course, be similar for most of us. Time is really worth for all us. It is because of its finite self and the limited shelf life we all come with. And that quickly takes me to the second question. What is its value?
Can time be quantified?
The subject for this article will answer it best or perhaps it will give it its best.
Let’s begin with some math first.
A 1-hour commute can roughly translate into 60 miles one way. That would mean 120 miles two ways for a $10 an hour job. So supposedly while traveling let us assume you will burning roughly 7 gallons of gas at $2.5 per gallon. That is $17.5 of gas every day. Now, that figure can vary from $17.5 to $20. And I am talking every day. For an $80 a day earning you will spend almost $20 on gas does not add up to a good career move.
Traveling times are a sheer wastage of limited resources. I do agree, left with no other choice one has to travel great distances or risk the effects of unemployment. However, even if a minimum wage job is available at a distance which is quite comfortable, my advice would be to go for it. Unless that travel time is compensated by an extraordinary rise in pay or a career defining move, it really is not worth wasting so much time.
Instead, save that two and a half hours, which ideally would have been spent in transportation, and use it to diversify. Make use of that time to learn a new skill, add something new to your resume, probably exercise and rest, the list is endless.
So can time be quantified?
Yes, it surely can. Depends on whether you do want to make an attempt to use it wisely. The return you get in terms of financials, knowledge or even emotionally does it make it a worthwhile effort.
For centuries, mankind has been in the grips of the time versus money dilemma. Do I save two hours on a direct flight or $90 while taking a direct flight? It is not an easy question to answer primarily because we are yet to ascertain the priorities at hand. Set it first and then automatically you will be able to judge it.