The Irrelevant Intangible Benefits III
This blog is written mostly tongue in cheek. Some points may be informative. Please provide your feedback.
If you suffer from self-irrelevancy, please seek professional advice.
Hello. How do you make intangible benefits relevant? Simply figure out what it would cost if you no longer had them. The universal language of money is always relevant.
For example, let's use home-care. It has been deemed irrelevant by some that I am wasting my time staying home. Yet, if we had to pay for home-care, our costs would be $10,000+/year for our two kids.
Then there's the stress of having to get off work to get them in time, and having to take a vacation day if one of them is sick. Compute your hourly work rate for what you're missing, because even if you're salaried, your vacation day means one less to take an actual vacation. Then add what any medications would cost if the stress grew high enough. And factor in when certain activities could be done.
Will this work? More tomorrow.
Regards,
Irrelevant
If you suffer from self-irrelevancy, please seek professional advice.
Hello. How do you make intangible benefits relevant? Simply figure out what it would cost if you no longer had them. The universal language of money is always relevant.
For example, let's use home-care. It has been deemed irrelevant by some that I am wasting my time staying home. Yet, if we had to pay for home-care, our costs would be $10,000+/year for our two kids.
Then there's the stress of having to get off work to get them in time, and having to take a vacation day if one of them is sick. Compute your hourly work rate for what you're missing, because even if you're salaried, your vacation day means one less to take an actual vacation. Then add what any medications would cost if the stress grew high enough. And factor in when certain activities could be done.
Will this work? More tomorrow.
Regards,
Irrelevant
posted by Irrelevant at 6:44 AM
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