How to calculate replacement costs

If someone asked you right now what your time is worth, could you answer them? Most women can't. And that's a problem because when we don't know our worth, we make decisions from guilt and obligation instead of strategy and self-respect. We say yes to things that drain us, we hold onto tasks someone else could handle, and we feel guilty about investing in help that would actually transform our lives. Whether you're managing a household, running a business, or doing both, understanding the actual economic value of your time changes everything about how you show up and what you prioritize.

In this episode, I'm walking you through two powerful exercises that will completely shift how you see your time. First, we're calculating what it would cost to outsource all the caregiving and household work you're currently doing (spoiler: it's probably over $200,000 a year). Then, if you're a business owner, I'm showing you exactly how to figure out your real hourly rate so you can make smarter decisions about where to spend your time and money. This isn't about guilt. It's about getting clear on your value so you can finally make decisions that honor it.

In This Episode, I'll Cover:

• Why the caregiving and household work you do is worth over $200,000 annually
• How to calculate the economic value of replacing everything you do at home
• The exact formula for determining your actual hourly rate as a business owner
• Why knowing these numbers changes your decisions about outsourcing and investing in help
• How to stop making choices from guilt and start making them from strategy

Mentioned in the Episode:

Hourly rate calculator (for business owners): https://www.megansumrell.com/calculator

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👉 https://www.megansumrell.com/freetraining

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Thanks for tuning in!
Megan 🩷🐝

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