Use This Number To…

Once you know what an hour of your time is worth, it’s very easy to determine first of all, what you should and should not invest in, what you should and should not sell on eBay, what you can afford to do and what you cannot afford to do yourself.

Use this number to figure out if doing something is a good investment
or a bad investment.

Here's the interesting part.

Let me explain the example to make sure you're following me on this thought.

Suppose that you're still using dial-up Internet and you're paying $15 a month for it. Cable modem is available in your area - high-speed cable - and it’s about 50 times faster, but it costs $50 a month. That means you’d have to invest $35 a month to move up from dial-up to cable.

If your time is worth $18 an hour, how many hours must high-speed Internet save you each month to pay for itself? Less than two hours, right? Two times 18 is about $36. That’s how you can look and say, “Is it worth it? Will this investment save me enough time?”

Oh, most definitely!

If anybody’s using dial-up or if you’ve used dial-up and gone to cable, DSL, or other high-speed access and had to go back to dial-up, maybe on the road or in a hotel or something - you know what a wonderful gift it is to be able to be 50 times faster.

That’s how you can look at anything and see whether it’s a good investment for you. But you need to know what an hour of your time is worth. If an hour of your time is worth $18 and you can hire somebody for $9 or $10 to do a job, then you really can't afford to do that job, right? It’s too expensive to do it yourself. You need to outsource it or find somebody else.

It’s important to remember this number for many different decisions that you make.
One of the cool things about eBay is that you can start up part-time and you can grow it at your own pace.

We're now going to cover some eBay selling methods. The cool thing about eBay is you can start part-time and grow at your own pace. But please, do not quit your job.
Some people think, “I'll burn the bridges behind me, and then there's no way I can fail.”
Yes, you can still fail. The last thing you want to do is say, “I have a mortgage payment in two weeks, so I HAVE to make this work!”

Please, Do Not Put Yourself Under
Such Financial Pressure!

If you're under a financial gun like that, you're going to make some really bad decisions.

You'll probably end up having a heart attack or your family will have a heart attack.

So, don’t do that. Keep your day job as you build your business. Your family and blood pressure will thank you!