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What’s up dudes and dudettes! Welcome back to another episode of The Frugal Samurai.
SO GUYS, DRAMA in the TFS household.
Or rather we had a mini bust-up recently with a close family member.
Long story short, it involved some tree trimming, and the question of who is responsible for the leftover rubbish (think branches, leaves, logs… y’know tree stuff).
I’d thought that it was a simple matter for the tradies to take away said rubbish.
HOWEVER, it appeared that this detail was not negotiated in the works – which meant they left a great big mound in the front yard.
Just look at that eyesore!
That’s not what caused the drama though, what caused it was these tradies were willing to take it ALL away for a couple of hundred bucks.
Unfortunately a couple of hundred was a couple of hundred more than what the anonymous family member was willing to pay.
Even more unfortunate, was that it was left to yours truly – to handle most of the rubbish.
Because apart from writing witty and delightful finance blogs, I also moonlight as a garbage man.
I serve at the pleasure of the people.
Mind you, I wasn’t smiling when I had to bring the trusty chainsaw out, to cut away the branches, before shovelling them into rubbish bags for disposal.
It’s taking me HOURS, and I’ve barely made a dent in the pile.
It’s got me thinking though, how much is my time worth?
Actually, step back a bit.
It’s got me thinking that 10 years ago, I would have made the EXACT same decision.
What? $200!!! This is daylight ROBBERY. PISS OFF ROBIN OF LOCKSLEY I would have yelled (in my head of course, Maori tree-cutters are not to be trifled with).
But these days, I think about time and money very differently.
Say you earn $100k p.a.
A quick Google search shows that is the equivalent of $50 per hour.
So $200 is 4 hours of your time.
If a task can be done in over 4 hours – then it makes sense to pay someone, because it’s not worth your time.
For example, if it takes 5 hours – then you are working for $40/hr.
At 6 hours – $33.33/hr
At 10 hours (which is what I estimate this will take), it’s $20/hr.
The argument of course, is that if you are not doing anything productive with those 10 hours, then sure – why not “save” the $200.
My counter-argument, and a huge mindset shift for me, is that I could be making infinitely greater returns from those 10 hours, heck even with 4 hours via…
- Researching shares.
- Researching property.
- Researching crypto.
- Working on the blog.
- Working on other hustles.
The list is endless. And I haven’t even started on the compounding returns from those 4 hours of learning and/or working.
It’s an interesting thought ain’t it?
I think this microcosm explains the scarcity (resources are finite) vs abundance (resources are infinite) mentality or LeanFIRE (money is to be saved) vs FatFIRE (money is to be earnt) very well.
Or to put it another way, it’s a matter of:
“I can’t afford this” vs “how do I afford this”
“That’s too expensive” vs “How much value does this bring”
“Yeah, I rock as a finance blogger” vs “Man, I suck as a garbage man”
Haha, but tell the truth, let’s face it… I’d be using those 4 hours to play FIFA instead.
But shhhh let’s keep that to ourselves.
What would you do in this case? Let me know in the comments below!
P.S. We just then Airtaskered someone to take away the rubbish… for $200…
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