Career & Education
Do you know your Real Hourly Wage?
By A Path to Forever Financial Freedom (3Fs)  •  November 18, 2014
If you had read this book "Your Money or Your Life", you would know that the author came up with a formula adjustment to calculate the Real Hourly Wage. This means that on top of your physical mandatory hour in the office, you need to include some of the intangibles such as commuting costs, clothing costs, meals, entertainments and so on. The author stressed that these adjustments are important because they are associated with your job and therefore should be adjusted when you are computing your real hourly wage. To a certain extent, the statement does make certain sense. For example, you can't simply disconnect commuting time and costs from your job unless your office is just next door (and even so, you would be spending some time walking there). However, I disagree for certain things like meals and entertainments which is able to run independently on its own. ......
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By A Path to Forever Financial Freedom (3Fs)
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