Let's not get into wage differences between men and women in this post. Go start a thread if you want to discuss that, thanks. :)
Also 40hr/week*52weeks minus 2 weeks holiday = 2000 hr/year. Does not change the basic coolness of the idea.
Yeah, I posted why I chose 1700 hours - that's how much the average American works according to data from the St. Louis Federal Reserve. If you have a minimum wage worker to work for you full time and add to your stache, it's much more likely they work closer to that average (of ~32 hrs/week, every week) than the 2000 hours you post. :)
But if you have a larger stache and are wanting to compare that to a professional who does work a lot, you may want to divide by 2000.
You can always argue back and forth over precisely which number to use (maybe your worker is a professional that works closer to 60 hours a week.. maybe they have 3 vacation weeks instead of 2.. but they don't use them), but I figured the amount an average American works was a good number to use as a basis of comparison versus normal a "hourly wage" rate that we hear.
woah! so I basically gave myself a $1/hr raise last year, sweet!
That's awesome, I like breaking it down by time period like that. :)
Another thing to think about is that $30,000 cell phone you are carrying around.
$100 a month phone contract is $1200 a year which takes a stache of $30,000 to support @4% SWR.
This is a great way to think about it!
Yeah, this is a pretty common way to think about stuff in FI, pretty sure MMM has mentioned it as well and probably YMOYL, it's not new. OTOH I hadn't thought about my stache working an extra job for me (I had in terms of what is it earning passively per year, per hour, day, minute, etc., but only in terms of every minute.. not in terms of working hours) until the post linked in the OP, so I thought this was a neat, separate idea worth its own post. :)
FWIW - 30k cell phone - WELL worth it. An extra 3 months or so of working to have a COMPUTER with the INTERNET in my pocket forever?! Hell yes please. (Although you can do it significantly cheaper, so I'd do that.. but if that $100/mo was the cheapest, it'd still be well worth it.) :)