stevejobs
Senior Member
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- Dec 6, 2007
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If time = money then for those who are time poor but money rich it may make sense to just pay retail, instead of scouring ebay, bluefly, or even SF to get discounted prices. Of course if the store is already putting the items on sale then take it, but sometimes it is not worth the effort to take up your time to wait until sales happen.
IMHO, I would need to consistently earn at least $500K to value my time over price. $500K divided by 8760 hours in a year equals $57.08 per hour including sleep time. Therefore it wouldn't be worth it to scour for $20 to $30 off coupons or wait four months to get out of season clothing. I'd be wealthy enough to not mind missing out on the occasional bargain. However, that doesn't necessarily apply to much higher priced goods like cars, jewerly or travel. Half-a-millionaire is not yet wealthy enough to ignore those costs.
IMHO, I would need to consistently earn at least $500K to value my time over price. $500K divided by 8760 hours in a year equals $57.08 per hour including sleep time. Therefore it wouldn't be worth it to scour for $20 to $30 off coupons or wait four months to get out of season clothing. I'd be wealthy enough to not mind missing out on the occasional bargain. However, that doesn't necessarily apply to much higher priced goods like cars, jewerly or travel. Half-a-millionaire is not yet wealthy enough to ignore those costs.