Владимир Лавров – There is always money! Boost your financial intelligence! (страница 2)

monthly income / working hours per month = the real cost of an hour in your life

Let’s say 30,000 rubles. / 180 hours = 166 p. in hour. Or 100,000 rubles. / 80 hours = 1250 p. in hour.

The cost of one hour of your life

Practice

Calculate the cost per hour of your working time using the formula above.

If you are a wage earner, take your monthly income and divide it by the number of hours you spend in a month working and commuting from / to work.

If you are working as a self-employed or sole proprietor, divide the cost of your services by the number of hours you work. If you receive money not for the result, but for the time (for example, you consult or teach with an initial reference to the cost of an hour), then take as a starting point the lowest cost threshold, below which you do not take on work.

If you are an investor (that is, you live on income from capital) or have several sources of income, then calculate the average monthly total income and divide it by the number of hours you spend per month working.

Remember the resulting cost of time. This is your point A (the point where you are right now). Think of what should ideally be a point B (cost of one hour of your time in a year), point B (cost of one hour of your time in 5 years) and point D (cost of one hour of your time in 10 years).

Results

Now that you know the value of your time, you can consciously spend your money shopping. Let’s say if you spend 500 rubles. per book, you understand that this price is equivalent to 3 hours of your work. If you need to buy shoes or a dress for 5,000 rubles, you understand that this price is equivalent to 30 hours of your work or 4 full working days. If you need to buy a sofa or a table for 15,000 rubles, you understand that this price is equivalent to 90 hours of your work, or 11 full working days.

So, when you spend your earned money on goods and services – you are actually spending small chunks of your life! Understanding this, you will not waste money just like that, buying what you do not need. You will begin to analyze not how much a given purchase costs in rubles, but how much it costs in terms of the time of your life. And then you will buy some important things despite the high price in monetary terms, and on the contrary, you will refuse some important things, despite the low price in monetary terms.

Homework

Think about how you could add value to your time. Answer the following questions in writing: – What am I good at? What exactly do I get money for? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ – How can you increase your income by investing less time in your work than you do now? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ – What knowledge and skills do I need to acquire so that my value to the employer, determined by the cost of one hour of my work, doubles? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ – What can you invest the time freed from «extra work» ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ Continuing the topic: Think about how much time is left in your account and how much it should really cost. Write down (in a notebook, in a notebook, in a diary, in your blog) what you learned today and what conclusions you made today: What new have I learned? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ What conclusions have I drawn? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________  Yes, it must be done in writing! Yes, it must be done! Yes, you need to do it now! Yes, if this is not done in writing and immediately, then it is not done at all. How do you – go to the second lesson.

Lesson number 2. Financial thermostat

Theory

One part of our brain (guess which one!) Works like a thermostat. If the thermostat is set to 22 degrees, then the room temperature will be kept around 22 degrees, whatever it is outside. If the room gets colder or hotter, the thermostat will automatically work and return the temperature to the programmed level. The only way to change the temperature in the room where the thermostat is working is to reprogram the thermostat!

Our brain has a similar internal thermostat. In numerical terms, the financial thermostat is always equal to your average monthly income. If on average you earn 50,000 rubles a month and you are relatively comfortable at the same time, then your financial thermostat is set at exactly 50,000 rubles. This is your norm.

If you have convinced yourself (or allowed other people to convince you) that your norm is 20,000 rubles per month, then your internal thermostat will be set to 20,000 rubles per month. Whatever happens around, you will look for an opportunity to get your 20,000 rubles per month!

If you have convinced yourself that your monthly norm is 100,000 rubles, then your internal thermostat will be set exactly for this amount and will not let you calm down until you fulfill your norm.

The financial thermostat is the image that paints your imagination about what specific level of income you are worthy of. And this very image is at the heart of your financial program. As an accurate reflection of your current income level, the financial thermostat dictates your standard of living. Whatever the amount of your rate, you cannot afford to earn less. You will look for an opportunity to fulfill the quota by all means. And if you accidentally overwork, your internal thermostat will force you to quickly flush out the excess and get you back to normal.

For poor and beggars people, the financial thermostat is limited to the cost of living. Therefore, they avoid risk by any means and save on everything. Rich and wealthy people, on the other hand, set their financial thermostat for exorbitant amounts that frighten ordinary people. The amounts that they imagine in their imaginations are hundreds and thousands of times higher than the amounts that poor and beggars people agree to! Therefore, they are not afraid to take risks and instead of saving, they constantly increase their income.

Financial thermostat

Practice

Reprogram your internal thermostat.

Be clear about your ideal financial result.

What is my monthly rate now (point A)? __________ R. per month

What is my ideal monthly rate (point B)? __________ R. per month

Write down wherever you can (on a notebook, on a calendar, in the margins of books, on a bathroom mirror, etc.) the ideal amount, which means some next level of income you are striving for. Only the amount, no comments or explanations. But wherever you can. So that she constantly catches your eye. So that you get used to this amount and it seems to you normal, familiar. This technique helped at one time the disgraced oligarch Boris Berezovsky to increase his super profits. She will help you too.

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