Your real hourly wage is the amount of money you make minus your annual costs, divided by the number of hours you spend making said money. The clock starts when you get up and start your day preparing for work and ends when you get home.
According to a Pew analysis of Labor Department data, the average employee put in almost 39 hours a week and works close to 47 weeks per year. 3 Ways to use your real hourly wage wisely.
There are two simple ways (Not necessarily easy) to increase your real hourly wage: 1. Make more money 2. Spend less time making money
Something that knowing your real hourly wage can help with is how you go about spending your money. Instead of rationalizing purchases in terms of cost, instead, view spending in terms of hours.
The concept of paying yourself first still applies as Bach states, but pay yourself with time. Simple translation you have no excuse not to save at least one hour of your real hourly wage per day.