💡 What?

<aside> 💡 Dollarizing is the process of assigning a dollar value to your time

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❓ Why?

<aside> 💡 Assigning a dollar value to your time helps you calculate the true cost of doing something yourself and makes it easier for you to delegate or cut out tasks that have a bad ROI

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💪 How?

Pick a way to calculate it

As a freelancer

• [ ] Use your freelance rate as a baseline

As an employee

• [ ] Use your salary + 30% (for sick leave, 401k etc.) divided by 2000 (approximate hours your work in a year)

As an Entrepreneur

• [ ] What you pay yourself divided by the hours you work on your product

What you want to earn

• [ ] You can also use a very high amount that is not realistic right now if it helps you prioritize better (do less things yourself)

Calculate

• [ ] Calculate what an hour of your time is worth using one of the above methods

<aside> ✍️ One hour of my time is worth:

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What rate you want to achieve

• [ ] Aim to hit $50 per hour within 6 months of launching your product (for SaaS)
• [ ] Once you hit $50 you can increase it slowly