tl;dr: How do you measure the use of your time for a monetary--value and cost--perspective?
I'm reading a book called
Brilliant Time Management and in Chapter 2--Understand how you use time--the author proposes different ways to value time based on whether one is employed, self-employed, or on leisure time, which we'll consider to be early retirement. He divides the calculation into two components: cost and value. I've provided two examples below.
Assumptions for EmployedValue: No clear definition given (for those who bill customers, such as lawyers, that rate is used)
Cost: Benchmarked at approximately 1.5x your base salary.
Hourly rate based on the number of hours worked.
Assumptions for Self-EmployedValue: Income generated in a year
Cost: Expenses from running the business
Hourly rate based on number of hours worked
How do you Mustachians measure the use of your time for a monetary--value and cost--perspective?