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by ernirulez 1488 days ago
I have to say something good about billable hour: it made me value my time more. I used to work as a freelancer in tech, so I had to bill my time. I was billing my time at 50€/hour. Out of work, when I was doing something I liked, I didn´t think of the price of my time, but when I had to do something I didn´t like I thought "would I do this if I was payed 50€/hour?" Depending on the answer, I would try to leverage that.

Since then I try to make the most of my time. Not only my personal time alone, but also I think about who I spend my time with. Apart from my parents, my wife and my daughters (which is always a very valuable time) I try to spend my time only with people who provides value to my life, and I try to avoid people who don´t.

One example: 2 months ago my father died. We used to spend time together, less than I would have liked when I think of it now, but back then I was not that aware of it. I remember we would go work on the fields growing vegetables, collecting olives and trimming the trees. I remember one day that I was a bit tired when we were setting up a new land and trimming some very old, mostly useless, olive trees, so I asked my father (in a rude way):

- "why are we doing this? why are we wasting so much time and doing so much effort just to clean some old trees that will hardly provide enough olives to make a few olive oil litres?

His answer was so clear, emotional and bonding that still hurts me today. He answered:

- What? Who cares about the trees? The important thing is the time that we are spending together.

I would have never thought that now, I would pay several thousands just to spend a single more hour with him.

2 comments

Learning about billable hours was a revolution for me. It changed how I looked at everything. It's such a simple concept, dollars per hour of work or $/h. Then I started maximizing the dollars and minimizing the hours worked.

Time is the most precious thing to me now. I want to spend it enjoying my life and the people I love. I selected my job for the highest $/h ratio rather than highest salary.

I agree. And it goes both ways.

If you have a guy being paid $100/hour to upload some CSV files and clean their header names and rename them, it is very easy to see just how much you can save by automating that task.

When personnel are salaried, it is easier to forget that their time costs money. Double so for overtime. When salary includes OT, there is no short term reason to have your staff work efficiently. Just have them work another hour - the marginal cost is free!