Some things in life simply don’t make sense – for example I recently read that it’s possible to sail faster than the wind. Think about it: how can you go faster than the thing that’s pushing you without introducing an external force? Yes, it’s possible. Another counterintuition I’ve discovered, this time relevant to everyday life, is that money can buy time.

I was brought up with Asian values, which is to say practicality trumps everything when it comes to finances. A perfect illustration of this is if one of your grandparents overseas died, and you don’t attend the funeral because you can’t get a cheap (discounted) airfare. It’s taken a long time to free myself from that mindset, and longer still to push through to the other side, where spending is considered a pragmatic solution to a problem.

The trick I used is to consider time and effort as “billable work” – this is the same thinking that led to the conclusion in my previous post about how spending less time getting to and from work is equivalent to a pay rise.

Work out what YOU’RE worth
Firstly, what’s your hourly rate? What is your time worth? If you don’t know where to start, then work it out in terms of your current job. What are you worth to them? Then, factor in how much you value your personal time – do you have a hobby or business that you’d rather be doing than work, chores or other distractions? If so try and put a figure against that – how much would somebody need to pay you to pull you away from that activity?

Work out what IT’S worth
Now that you know what you’re worth, you can work out whether it would cost less to get somebody to do something for you than to do it yourself. For example it might make sense for you to get your meals catered instead of cooking it yourself, when you consider the time saved from not having to shop and cook, on top of the money you’re already spending on groceries. Therefore although at face value it might seem like an additional expense, the true benefit lies in how much more free time it gives you to do other productive or enjoyable things.

What are some of the things in your life that would be worth paying for, in order to spend more time on the things you love?

Not very long ago I worked in a job where it only took 15 minutes by car each way to and from work, door to door (and not just on a good day – I go against the traffic). Recently, I’ve been working in the city, and the commute is 45 minutes each way, door to door (and that’s if there isn’t some delay with the trains).

In essence I’ve lost about an hour each day, an hour where I would previously have done my gardening or made dinner. That one extra hour per day, considering your average 8 hour work day, works out to be 12.5% more time that you’re spend as you “go about your business” so to speak, even if it’s unproductive (reading or playing games while on public transport notwithstanding).

Think about that if you’re looking for work, and consider whether it might be worthwhile finding a job closer to home, even if it pays 12.5% less. You might find that the personal dividends well worth the sacrifice in monetary terms.