%% ID: 13204933 Updated: 2022-01-28 %% ![](https://readwise-assets.s3.amazonaws.com/static/images/article3.5c705a01b476.png) # About Title: [[Other/Obsidian Starter Vault(Second Brain)/Readwise/Articles/Set an Aspirational Hourly Rate]] Author: [[nav.al]] Category: #articles Number of Highlights: ==22== Last Highlighted: *2021-12-02* Readwise URL: https://readwise.io/bookreview/13204933 Source URL: https://nav.al/hourly-rate # Highlights working hard and valuing your time. ^278319798 --- No one is going to value you more than you value you. Set a high personal hourly rate, and stick to it. ^278319799 --- Factor your time into every decision. ^278319800 --- If you decide to spend an hour driving across town to get something, you’re effectively throwing away $100. Are you going to do that? ^278319801 --- Is it worth your time to return it? Is it worth the mental hassle? ^278319802 --- Do you want to use that time running errands and solving little problems? Or do you want to save it for the big stuff? ^278319803 --- The great scientists were terrible at managing their home lives. None of them had an organized room, or made social events on time, or sent their thank-you cards. ^278319804 --- You can’t penny pinch your way to wealth ^278319805 --- You can spend your life however you want. ^278319806 --- it has to be your top priority ^278319807 --- you can’t penny-pinch. ^278319808 --- You can keep expenses low and maybe retire early. That’s perfectly valid. But we’re here to talk about wealth creation. If you’re going to create wealth, it has to be your number-one, overwhelming priority. ^278319809 --- My aspirational rate was $5,000/hr ^278319810 --- Before I had any real money and you could hire me, I set an aspirational rate of $5,000 an hour. ^278319811 --- “I don’t do that. That’s not a problem that I solve.” ^278319812 --- I would rather hire you an assistant ^278319813 --- If you can outsource something for less than your hourly rate, do it ^278319814 --- If you can outsource something—or not do something—for less than your hourly rate, outsource it or don’t do it. ^278319815 --- . You may want to make your own healthy, home-cooked meals. But if you can outsource it, do that instead ^278319816 --- Sure, you can do that. But you’re not going to be wealthy, because you’ve made something else a priority. ^278319817 --- Your hourly rate should seem absurdly high ^278319818 --- Set a very high aspirational hourly rate for yourself, and stick to it. It should seem and feel absurdly high. If it doesn’t, it’s not high enough. Whatever you pick, my advice is to raise it. ^278319819