Naval Set an Aspirational Hourly Rate
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May 1, 2019 Discover the importance of valuing your time for wealth creation. Set an aspirational hourly rate that feels absurdly high. Learn to outsource tasks that cost less than your hourly rate to focus on high-impact activities. Penny pinching isn't the path to true wealth. Embrace a mindset that prioritizes efficiency and effectiveness!
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Value Your Time
- Set a high personal hourly rate and stick to it.
- Factor your time into every decision, considering its monetary value.
Prioritize Wealth Creation
- Focus on wealth creation, not penny-pinching.
- Set an aspirational hourly rate, even if it seems absurdly high.
Naval's Hourly Rate
- Naval's aspirational rate was $5,000/hour, though realistically it was closer to $1,000/hour.
- He still found himself doing small tasks but made a conscious effort to avoid them.