Lending Club Blog

What is Your Time Worth?

The value of your time isn’t necessarily the same as what your employer pays you. Knowing what your time is worth can be helpful in making tradeoffs between your time and your money.

I found a useful calculator for determining the value of your time. The calculator takes much more than just your income into account. It looks at where you live, what you pay in taxes, and your work expenses to determine your true net pay. Then it looks at how much time you spend on your job.

You spend more than just your working hours on your job, due to commuting and other work-related activities. Knowing your net pay and the amount of time it takes you to earn it gives your true net hourly wage.

Things get even more interesting when you enter in what you do in your non-work hours. Between sleep, household chores, the kids, and other essential weekly activities, you’re likely left with little free time. By analyzing the number of leisure hours you have relative to working hours, the calculator is able to determine how much you work for each leisure hour and determine what those hours cost you. As a simple example, if you worked 50 hours a week and had 25 hours of free time, then your time would be worth twice your net hourly wage.

Once you have your final number, you’ll know if it’s worth it to use your free time on a project, or pay someone to do it for you. In general, if someone is willing to do a job for less than the value of your time, you should pay for the work to be done. If you’re short on cash, you can always fund a project with a P2P loan from Lending Club. Whatever you decide to do, knowing what your time is worth will help you to make an informed decision.

Now that you know what your time is really worth, be sure to make the most of it!

Saturday, November 17th, 2007 at 6:50 am

Comments (1)

  1. […] I can hear the response from a few readers already: “But I am
    great at picking loans based on the information provided and don’t
    use the standard portfolio selection tool. Currently, I am earning
    X percent!” But what is your time worth? […]

    November 17th, 2007 at 2:43 pm


Welcome Home

Lending Club named #5 on Forbes’ Most Promising Companies List

Get ready for tax season with Lending Club’s Tax Form Guide

New Adjusted Return Metric

See more
Lending Club Awards
  • Archives z

Recent Posts

A Message to Investors from our President and Acting CEO

Today, our President and acting… Read More »
May 19, 2016

Lending Club Receives Tribeca Disruptive Innovation Award

Disruptive innovation comes in many… Read More »
April 29, 2016

Lending Club Business Financing Review

One of the biggest challenges of owning a small… Read More »
April 27, 2016

Lending Club partners with Funding Circle and Prosper to launch Marketplace Lending Association

Read More »
April 7, 2016

Lending Club Welcomes Maryland and North Dakota Investors!

We’re now open to retail… Read More »
February 23, 2016

What is Lending Club?

More than one million Americans have achieved their financial… Read More »
February 16, 2016

Get ready for tax season! Lending Club Now Offering TurboTax Integration for Form 1099s

Read More »
February 12, 2016

Lending Club Success: Surpassing $16 Billion in Loans

Founded in 2007, Lending Club’s… Read More »
February 11, 2016

Credit Performance Update

Summary: Credit performance of our standard program is coming… Read More »
February 7, 2016

Critical Small Business Financing Issues

A recent Harris Poll survey conducted on behalf of… Read More »
December 17, 2015


We went public today!

Ringing the bell this morning at the New York… Read More »
December 11, 2014

New and Improved Statistics Page

We recently redesigned our Loan Statistics page to make… Read More »
November 13, 2014

Lending Club Honored with Economist Innovation Award

This month I was honored… Read More »
October 15, 2014

Welcome Vermont Investors!

Today, we’re thrilled to welcome residents of the state… Read More »
September 4, 2014

We filed to go public today

We filed a registration statement with the SEC today… Read More »
August 27, 2014

Our Billion Dollar Quarter

We’re excited to announce  that we’ve facilitated over $5… Read More »
July 8, 2014

Is Lending Club Available in My State?

Is Lending Club available in my state? That is… Read More »
July 7, 2014

Lending Club Joins Senator Cory Booker to Discuss Improving Access to Capital for Small Businesses

Read More »
June 20, 2014

Lending Club Named a CNBC Top 50 Disruptor for a Second Year

For the second year in… Read More »
June 17, 2014

PRIME is now Automated Investing

Lending Club is excited to announce that PRIME has… Read More »
May 14, 2014
View All w