Can Money Buy a Normal Life Right Now
We don't buy things with money, nosotros buy them with hours from our life.
Or, equally Henry David Thoreau put it, "The toll of annihilation is the amount of life you exchange for information technology."
This is a life-irresolute principle. When we begin to see our purchases through the lens of exchanging life, rather than dollar bills, nosotros can meliorate appreciate the weight of our purchases and sympathize their full cost.
For that reason, I idea it might be helpful to take a difficult look at how much life some of our purchases actually cost us.
For the sake of conversation, permit'southward utilize the median US household income. In 2017, that number was $61,400. For simplicity sake, let'south circular downwardly to $60,000 annual income.
If your household income is $threescore,000, working a typical 40-hr workweek, here is how many hours of work are needed for the following purchases:
Grande Starbucks Cappuccino ($4.00) = viii minutes of work
Pair of Wrangler Jeans ($24.99) = 50 minutes of piece of work
Coach Brand Purse ($119.99) = one/2 day of work
55″ FlatScreen Television receiver ($711.00) = three days of work
256GB iPhone XS ($1,249) = 1 week + 2 hours of work
Dinner at a eating place for your family unit of four ($lxxx.00) = 1/3 day of work
Dinner at abode for your family unit of four ($17.00) = i/2 hour of work
New Living Room Article of furniture Set ($1,983.94) = 1 week + 3.5 days of work
2019 Ford Fusion SE Hybrid ($26,550) = v months + ten days of piece of work
two,500 square human foot business firm (x% downwardly payment, xxx-year mortgage of monthly payments, $303,000 purchase price) = 11 years + half-dozen months of piece of work
1,600 square foot business firm (fifteen% down payment, 30-year mortgage of monthly payments, $196,000 purchase price) = 7 years + 2 months
Proceed in listen, the corporeality of work needed for the items above is based on an almanac salary of $sixty,000. If your annual salary is $30,000, the work time volition be doubled. If you make $120,000/year, the measurements should exist halved.
Of form, there are alternatives to exchanging our hours and lives for material possessions…
It takes just 10 minutes to tell your child a bedtime story.
45 minutes for an evening walk with your spouse.
threescore minutes to aid your son/girl with homework.
Or ii hours/month to volunteer at your local soup kitchen.
The money we earn is ours to proceed and we tin spend it as we wish. Simply it tin be a helpful exercise to realize how many hours of our lives go into each purchase nosotros brand.
And it is always wise to remember we tin can spend our hours pursuing items of far greater value than fabric possessions.
Source: https://www.becomingminimalist.com/we-dont-buy-things-with-money-we-buy-them-with-hours-from-our-life/
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